Automotive News Automaker News Feed News, blogs and commentary from the leader in North American automotive news en-us Sat, 30 Jul 2016 06:00:00 EST Infiniti pumps up the power Sat, 30 Jul 2016 00:01:00 EST Infiniti boss Roland Krueger is picking his battles to grow the premium brand. His strategy? Focus on what's under the hood. Lincoln meets shoppers at the mall Sat, 30 Jul 2016 00:01:00 EST Lincoln has a new gambit to regain brand awareness among luxury shoppers. It's located between a Starbucks and a spa offering a "15-minute laser and light facial." Tesla mulling 2 theories to explain 'Autopilot' crash, report says Fri, 29 Jul 2016 14:06:00 EST Tesla told U.S. Toyota Group suppliers grapple with yen's impact on profits Fri, 29 Jul 2016 18:18:54 EST Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following the U.K.'s Brexit vote. FCA safety, recall oversight extended by NHTSA for another year Fri, 29 Jul 2016 15:23:43 EST NHTSA will require Fiat Chrysler Automobiles to continue meeting monthly with the agency on potential safety issues at the company for another year, extending a part of the automaker's 2015 consent order with the agency. American Axle Q2 net income rises 21% Fri, 29 Jul 2016 16:14:19 EST American Axle and Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to $1.02 billion in the quarter. New Dodge ad campaign launched with tagline 'Domestic. Not Domesticated' Fri, 29 Jul 2016 15:53:24 EST Dodge is launching a new ad campaign with the tagline "Domestic. Not Domesticated." AutoNews Now: Higher July sales? Yes and no Fri, 29 Jul 2016 00:01:00 EST Higher July U.S. sales? Yes and no; Ford CFO: 'The growth is over'; Report: QNX founder now core member of Apple car team; Daimler plans Hungary plant; One giant leap for cupholders? Panasonic to raise about $3.9 billion from bonds to help fund Tesla gigafactory Fri, 29 Jul 2016 15:08:02 EST Panasonic Corp., the exclusive supplier of Tesla Motors' Model 3 lithium ion batteries, said today it would raise up to 400 billion yen ($3.86 billion) in corporate bonds primarily to invest in Tesla's gigafactory, Reuters reported. Tesla crash does little to sway public opinion on self-driving cars Fri, 29 Jul 2016 14:21:13 EST Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology. Tenneco boosts net income 10% in Q2 Fri, 29 Jul 2016 13:31:16 EST Tenneco, the suburban Chicago supplier of ride-control and emission control systems, reported net income of $86 million in the second quarter, a 10 percent increase from the year-earlier period. First Shift: Lower sales, profits at AutoNation Fri, 29 Jul 2016 00:01:00 EST AutoNation profit drops amid lower sales; Penske, Asbury down, Group 1, Sonic, Lithia up; Mazda profit dips, Audi lowers outlook; VW fined; Mercedes pulls ad; Nissan future product. Daimler will build second Mercedes plant in Hungary Fri, 29 Jul 2016 04:29:45 EST Daimler will invest $1.1 billion in a second Mercedes plant in Hungary to build front- and rear-wheel drive cars, and possibly alternative powertrain models. Mazda profit falls on strong yen, lower N.A. sales Fri, 29 Jul 2016 03:06:22 EST Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan. VW is top-selling carmaker in first half as Toyota slips Fri, 29 Jul 2016 03:41:51 EST VW Group was the world's top-selling automaker in the first six months despite its emissions scandal as rival Toyota was hit by production stoppages and slumping Prius sales in the U.S. VW 'regrets' Washington state's $176M fine for polluting diesels Fri, 29 Jul 2016 06:08:49 EST VW said it regretted the U.S. state of Washington's decision to fine it $176 million over the automaker's emissions scandal. Audi will miss profitability goal as VW scandal, Takata hit earnings Fri, 29 Jul 2016 03:49:40 EST Audi will miss its profitability target this year as costs for parent VW Group's diesel emissions scandal and possible recalls of cars fitted with Takata airbags hit earnings. ANE's August e-magazine goes live Monday Fri, 29 Jul 2016 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 1. This month's edition looks at why automakers such as Audi, Mercedes and Volvo are re-thinking their automation plans. AutoNews Now: Ford's plan to battle weak Q3 Thu, 28 Jul 2016 00:01:00 EST How Fields plans to boost Ford profits, 'play through' stock swings; UAW's beef with Nissan; Renault trims Ghosn's bonus; Ferrari to lighten up with next-generation platform. Visteon says it booked record $1.6 billion in new business during Q2 Thu, 28 Jul 2016 15:07:31 EST Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday. BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars Thu, 28 Jul 2016 16:16:27 EST BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement. Lear Q2 earnings rise on gains in both seating and electronics Thu, 28 Jul 2016 16:06:17 EST Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year. PSA names new Peugeot, China, Europe chiefs Thu, 28 Jul 2016 09:15:55 EST PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. The changes will improve the roll-out of the automaker's mobility services, boost its China performance and ensure that new launches are successful, PSA said. Apple taps BlackBerry talent as car project takes software turn, report says Thu, 28 Jul 2016 21:40:12 EST Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg. Brembo expects slower growth on ramp up of U.S., Mexico plants Thu, 28 Jul 2016 16:44:05 EST Brembo expects sales to grow 9 percent to 9.5 percent this year, slightly below the 10.4 percent posted in the first six months, as it starts operations at two new plants in North America. Ex-Porsche CEO Wiedeking finally in the clear over VW takeover charges Thu, 28 Jul 2016 16:28:54 EST German prosecutors dropped an appeal against a court ruling that acquitted former Porsche CEO Wendelin Wiedeking of market manipulation during a 2008-2009 takeover battle with Volkswagen. Mercedes pulls ad challenged by safety groups Thu, 28 Jul 2016 16:27:44 EST Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle's driver-assist systems. Ford posts 9% decline in Q2 profit, warns of challenges ahead Thu, 28 Jul 2016 07:15:00 EST Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be 'much weaker than normal' as U.S. First Shift: Ford Q2 profit falls 9% Thu, 28 Jul 2016 00:01:00 EST Ford posts 9% lower profits for Q2, warns of 'very weak' 3rd quarter; Volkswagen brand plunges; GM to make more trucks; Who's No. 1?; Mercedes ad draws complaints; Honda future product. Renault first-half profit rises 41% on new models, Europe recovery Thu, 28 Jul 2016 02:50:19 EST Renault's first-half operating profit jumped 41 percent, thanks to a refreshed model lineup and a rebounding European auto market but increased spending to lower diesel engine emissions put the automaker's productivity target at risk. VW brand Q2 profit falls 12% on emissions scandal effects Thu, 28 Jul 2016 03:24:10 EST VW Group's namesake brand posted a 12 percent drop in second-quarter profit, after cost cuts and streamlining fell short amid rising costs of the company's diesel scandal. Renault cuts Ghosn's bonus by 20 percent Thu, 28 Jul 2016 00:01:00 EST Renault has cut the bonus of CEO Carlos Ghosn by 20 percent following pressure from French government, which urged the automaker to rein in Ghosn's pay after shareholders opposed his $7.92 million payout in 2015. PSA posts record first-half earnings, downplays Brexit Wed, 27 Jul 2016 02:18:58 EST PSA unveiled record first-half profits on productivity gains and a European market rebound. The automaker said its operational margin resisted sterling's fall against the euro after the UK voted to quit the EU. Fiat Chrysler Q2 profit boosted by Jeep, Europe rebound Wed, 27 Jul 2016 07:33:10 EST Fiat Chrysler said adjusted operating profit for the second quarter rose 16 percent to 1.63 billion euros. Mercedes challenged over 'Drive Pilot' TV ad Wed, 27 Jul 2016 15:38:27 EST Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability of automated driving systems available on the sedan. Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks Wed, 27 Jul 2016 15:24:45 EST Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit. GM, aiming for strong 2016 finish, to hike truck output Wed, 27 Jul 2016 15:03:03 EST General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said Wednesday. Ferrari, Altair Product Design team up for next-gen vehicle platform Wed, 27 Jul 2016 14:52:33 EST Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company's next-generation vehicle platform. Elon Musk says it's 'pencils down' for Tesla's Model 3 Wed, 27 Jul 2016 14:35:42 EST Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday. Superior Industries more than doubles Q2 net income Wed, 27 Jul 2016 12:28:38 EST Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico. UAW blasts Renault-Nissan for denying French lawmaker a meeting Wed, 27 Jul 2016 12:37:06 EST The UAW criticized the Renault-Nissan Alliance after it turned down a meeting with a member of the French parliament at its Canton, Miss., plant, which the UAW hopes to unionize. FCA boosts 2016 profit target as Jeep fuels Q2 rise Wed, 27 Jul 2016 07:47:14 EST Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs. Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study Wed, 27 Jul 2016 10:00:00 EST Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th consecutive year. Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal Wed, 27 Jul 2016 06:48:53 EST Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles. Hail storms dent Ally's insurance business in Q2 Wed, 27 Jul 2016 10:30:00 EST Ally Financial's auto insurance business swung to a loss in the second quarter on higher weather losses and lower investment gains, even as the lender carved out gains with a new flagship product, Ally Premier Protection. First Shift: Grand jury probes FCA sales Wed, 27 Jul 2016 00:01:00 EST FCA dealers subpoenaed in sales probe; Nissan and Mitsu profits slide, FCA rises; UAW: Clinton open to NAFTA changes; Tesla-Mobileye split; Snyder: Service nirvana. Nissan profit declines 9% as stronger yen hits earnings Wed, 27 Jul 2016 04:07:03 EST Nissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings. Valeo first-half profit rises 23% on intuitive driving, low-emissions tech Wed, 27 Jul 2016 03:46:36 EST Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets Mercedes challenges Tesla with electric heavy truck Wed, 27 Jul 2016 05:34:10 EST Mercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors. AutoNews Now: FCA: Sales win streak ended in '13 Tue, 26 Jul 2016 00:01:00 EST FCA revises sales reporting, streak ended in '13; End near for Dart, 200?; VW buyback plan gets early OK; Report: Tesla driver speeding; Cadillac XT5 strategy; Toyota's '18 entries.