Automotive News Automakers Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 26 Apr 2018 06:00:00 EST Fiat Chrysler Q1 earnings rise 5% as Europe offsets N.A. fall http://europe.autonews.com/article/20180426/ANE/180429835/fiat-chrysler-q1-earnings-rise-5-as-europe-offsets-n-a-fall Thu, 26 Apr 2018 07:58:21 EST Fiat Chrysler said first-quarter operating profit rose 5 percent to 1.61 billion euros ($1.96 billion) with positive results in Europe and North America offsetting lower earnings in North America. Porsche expects electrified cars to make up half of sales by 2025 http://europe.autonews.com/article/20180426/ANE/180429840/porsche-expects-electrified-cars-to-make-up-half-of-sales-by-2025 Thu, 26 Apr 2018 06:14:56 EST Porsche set one of the industry's most aggressive targets for selling plug-in hybrid and full-electric cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electrified models is speeding up. AvtoVAZ swings to first-quarter profit http://europe.autonews.com/article/20180426/ANE/180429816/avtovaz-swings-to-first-quarter-profit Thu, 26 Apr 2018 13:25:52 EST Russia's biggest automaker, AvtoVAZ, returned to profit in the first quarter, on the back of increased sales of its Lada models. Vauxhall workers agree to pay deal as PSA's dispute in Germany continues http://europe.autonews.com/article/20180426/ANE/180429817/vauxhall-workers-agree-to-pay-deal-as-psas-dispute-in-germany Thu, 26 Apr 2018 13:18:11 EST Workers at Vauxhall's Ellesmere Port factory in England agreed to a pay deal with PSA, as a dispute with the French automaker's Opel workers in Germany continues. Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion http://www.autonews.com/article/20180426/COPY01/304269944/fca-first-quarter-earnings-income-rise-marchionne Thu, 26 Apr 2018 07:58:21 EST Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt. Visteon Q1 net income rises 3.2 percent on China gains http://www.autonews.com/article/20180426/OEM10/180429819/visteon-q1-earnings-rise-china Thu, 26 Apr 2018 13:09:11 EST Visteon said its first-quarter net income rose 3.2 percent to $65 million, as strong gains and product launches in China offset a dip in North American sales. GM's operating profit sinks 27% on lower pickup production; net falls 60% http://www.autonews.com/article/20180426/OEM/180429836/gm-q1-earnings-decline Thu, 26 Apr 2018 07:15:00 EST GM's net income and operating profit fell sharply in the first quarter because of planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent. For Bosch diesel claim, technical details to come http://www.autonews.com/article/20180426/BLOG06/180429820/for-bosch-diesel-claim-technical-details-to-come Thu, 26 Apr 2018 12:27:12 EST Has Bosch really cracked the code and figured out how to take harmful diesel emissions off the table by simply tweaking the turbocharger and by closely controlling the temperature of the air entering the engine? Why Ford is killing most of its cars -- and why that's the right move http://www.autonews.com/article/20180426/BLOG06/180429825/ford-sedans-killed-hackett Thu, 26 Apr 2018 10:26:13 EST Where will new Ford customers turn for an entry-level offering when the automaker's North American dealerships no longer carry a single sedan? We're about to find out. Magna wins lidar contract with BMW http://europe.autonews.com/article/20180426/COPY/304269937/magna-wins-lidar-contract-with-bmw Thu, 26 Apr 2018 00:01:00 EST Magna, and its partner, Innoviz Technologies, will supply BMW with solid-state lidar for the automaker's upcoming autonomous vehicle platforms. Magna wins lidar contract with BMW Group http://www.autonews.com/article/20180426/COPY01/304269935/magna-wins-lidar-contract-with-bmw-group Thu, 26 Apr 2018 07:00:00 EST Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz. PSA is fixing struggling China operations, Tavares says http://europe.autonews.com/article/20180426/ANE/180429826/psa-is-fixing-struggling-china-operations-tavares-says Thu, 26 Apr 2018 10:25:39 EST PSA is seeing the first effects of its plan to turn around its China operations, CEO Carlos Tavares told investors and shareholders. Tesla's Autopilot chief steps down after two years http://www.autonews.com/article/20180426/COPY01/304269959/musk-tesla-executive-autopilot-departure Thu, 26 Apr 2018 05:58:03 EST Tesla's Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker, which is in a fierce war for the engineering talent. Porsche says Chinese are falling for its classic sportscars http://europe.autonews.com/article/20180426/ANE/180429827/porsche-says-chinese-are-falling-for-its-classic-sportscars Thu, 26 Apr 2018 10:01:54 EST Porsche says its classic two-door sportscars are starting to take off in China, with demand for the 718 Cayman and Boxster growing well. Hyundai's Q1profit halves on bleak U.S., China sales http://www.autonews.com/article/20180426/COPY01/304269960/hyundai-profit-drops-first-half Thu, 26 Apr 2018 04:11:31 EST Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings. GM, South Korea to invest $4.35 billion in troubled unit http://www.autonews.com/article/20180426/OEM/180429831/gm-south-korea-to-invest-4-35-billion-in-troubled-unit Thu, 26 Apr 2018 09:02:08 EST General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection. First Shift: Ford dropping Fiesta, Fusion, Taurus in N.A. http://www.autonews.com/article/20180426/VIDEO/304269997/first-shift-ford-dropping-fiesta-fusion-taurus-in-n-a Thu, 26 Apr 2018 08:00:00 EST Ford dropping Fiesta, Fusion and Taurus in N.A., doubles cost-cutting goal; Earnings up at FCA, down at GM, VW, Hyundai; Report: China to slash tariffs on U.S.-made autos. GM's operating profit sinks 27% on lower pickup production; net falls 60% http://europe.autonews.com/article/20180426/COPY/304269936/gm-q1-earnings-decline Thu, 26 Apr 2018 07:23:30 EST General Motors' net income and operating profit significantly fell in the first quarter due to planned downtime in its full-size pickup production, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent. Magna wins lidar contract with BMW Group http://www.autonews.com/article/20180426/COPY01/304269934/magna-wins-lidar-contract-with-bmw-group Thu, 26 Apr 2018 07:00:00 EST Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz. Nissan CEO sees 'no merit' in merger with Renault http://europe.autonews.com/article/20180426/ANE/180429845/nissan-ceo-sees-no-merit-in-merger-with-renault Thu, 26 Apr 2018 05:44:35 EST Nissan CEO Hiroto Saikawa said a Renault-Nissan merger would have "side effects" and stressed the importance of independence in an interview with the Nikkei business paper. VW's new CEO says company on right path despite 4% profit drop http://europe.autonews.com/article/20180426/ANE/180429848/vws-new-ceo-says-company-on-right-path-despite-4-profit-drop Thu, 26 Apr 2018 03:40:25 EST VW Group posted a 3.6 percent drop in first-quarter operating profit but optimism over its new CEO, Herbert Diess, and lower diesel emissions scandal provisions lifted its shares. Tesla's Autopilot chief steps down after two years http://europe.autonews.com/article/20180426/ANE/180429844/teslas-autopilot-chief-steps-down-after-two-years Thu, 26 Apr 2018 05:58:03 EST Tesla's Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker, which is in a fierce war for the engineering talent needed to develop autonomous vehicles. UK production falls 13% in March on Brexit, diesel slump http://europe.autonews.com/article/20180426/ANE/180429846/uk-production-falls-13-in-march-on-brexit-diesel-slump Thu, 26 Apr 2018 05:03:00 EST UK production fell 13 percent in March as bad weather disrupted supply chains and worries over export prospects after Brexit and the future of diesel vehicles dampened demand. Hyundai's first-quarter profit halves on bleak U.S., China sales http://europe.autonews.com/article/20180426/ANE/180429847/hyundais-first-quarter-profit-halves-on-bleak-u-s-china-sales Thu, 26 Apr 2018 04:11:31 EST Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings. Bosch claims diesel technology breakthrough http://www.autonews.com/article/20180425/OEM06/180429878/bosch-diesel-breakthrough Wed, 25 Apr 2018 07:28:18 EST Bosch said its engineers have developed a diesel exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe. Ford doubles cost-cutting plan, earnings rise http://www.autonews.com/article/20180425/OEM/180429854/ford-nearly-doubles-cost-cutting-plans-earnings Wed, 25 Apr 2018 16:23:50 EST Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will fix or eliminate unprofitable global operations. Ford shakes up China network, names new leaders http://www.autonews.com/article/20180425/RETAIL01/180429861/ford-china-distribution-management-shakeup Wed, 25 Apr 2018 12:18:06 EST Ford said it's reorganizing its operations in China by simplifying its distribution network and appointing new leaders to replace the CEO who abruptly left in January. Tesla teardown uncovers tech prowess, production shortcomings http://www.autonews.com/article/20180425/OEM01/180429880/tesla-musk-teardown-criticism-manufacturing Wed, 25 Apr 2018 07:01:14 EST Tesla CEO Elon Musk has said the company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable. Bosch claims diesel technology breakthrough http://europe.autonews.com/article/20180425/COPY/304259944/bosch-diesel-breakthrough Wed, 25 Apr 2018 07:28:18 EST Bosch said its engineers have developed a new diesel-exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe. Bosch seeks to restore diesel reputation with new staff rules http://europe.autonews.com/article/20180425/ANE/180429870/bosch-seeks-to-restore-diesel-reputation-with-new-staff-rules Wed, 25 Apr 2018 11:08:16 EST Bosch said it would teach 70,000 staff a new code of conduct by the end of this year in an effort to change the "mindset" of the supplier. VW reaches $33.5 million diesel emissions settlement with Maryland http://europe.autonews.com/article/20180425/COPY/304259896/vw-emissions-scandal-settlement-maryland Wed, 25 Apr 2018 15:29:03 EST Volkswagen has reached a $33.5 million settlement with Maryland over state claims related to the automaker's excess emissions, court documents show. Ford doubles cost-cutting plan, earnings rise http://europe.autonews.com/article/20180425/COPY/304259906/ford-nearly-doubles-cost-cutting-plans-earnings Wed, 25 Apr 2018 16:23:50 EST Ford said it plans to stop selling all Ford brand sedans in North America and that it is nearly doubling its cost-cutting target. The automaker said it will either fix or eliminate unprofitable global operations. Congress to seek VW CEO's testimony in new cheating probe http://europe.autonews.com/article/20180425/COPY/304259935/congress-seeks-vw-emissions-testimony-diess Wed, 25 Apr 2018 07:49:01 EST A U.S. House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and is seeking testimony from VW CEO Herbert Diess. FCA offering dealer incentives to push Rams through their loaner fleets http://www.autonews.com/article/20180425/RETAIL01/180429872/fca-spiffs-dealers-ram-us-monthly-sales Wed, 25 Apr 2018 10:26:50 EST FCA US, battling a decline in demand for Ram pickups, is offering added April incentives to dealers in the United States who add new trucks to service loaner fleets and count them as sales. GM to add third shift in Tennessee, plans Holden version of GMC Acadia http://www.autonews.com/article/20180425/RETAIL/180429860/gm-tennessee-shift-added-holden-gmc-acadia Wed, 25 Apr 2018 12:43:17 EST GM plans to reinstate a third shift at its assembly plant in Tennessee to meet growing demand in the United States for crossovers and add production of an all-new Holden version of the GMC Acadia. AutoNews Now: GM adding 3rd shift at Tenn. crossover plant http://www.autonews.com/article/20180425/VIDEO/304259962/autonews-now-gm-adding-3rd-shift-at-tenn-crossover-plant Wed, 25 Apr 2018 15:15:00 EST GM adding shift at crossover plant; Ram offers dealers spiff to buy loaners; Bosch diesel breakthrough?; Tesla teardown; Hall of Fame picks AutoNation's Jackson, Magna's Stronach. Congress to seek VW CEO's testimony in new cheating probe http://www.autonews.com/article/20180425/OEM02/180429877/congress-seeks-vw-emissions-testimony-diess Wed, 25 Apr 2018 07:49:01 EST A House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and was seeking testimony from VW CEO Herbert Diess. VW reaches $33.5 million diesel emissions settlement with Maryland http://www.autonews.com/article/20180425/OEM11/180429857/vw-emissions-scandal-settlement-maryland Wed, 25 Apr 2018 15:29:03 EST Volkswagen has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show. BMW will export iX3 electric SUV to Europe, U.S. from China http://www.autonews.com/article/20180425/COPY01/304259974/bmw-ix3-beijing-export-china-us-europe Wed, 25 Apr 2018 01:25:22 EST BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China. Bosch seeks to restore diesel reputation with new staff rules http://www.autonews.com/article/20180425/COPY01/304259930/bosch-diesel-scandal-reputation-staff-rules Wed, 25 Apr 2018 11:08:16 EST Bosch said it would teach 70,000 staff a new code of conduct by the end of this year in an effort to change the "mindset" of the supplier. Aston Martin says China spurring another horse-to-cars moment http://www.autonews.com/article/20180425/GLOBAL03/180429879/china-electric-vehicles-trend-aston-palmer Wed, 25 Apr 2018 07:15:45 EST China's policies to cut pollution are driving a rapid move toward electric vehicles in the world's biggest market and causing upheaval in the global auto industry, Aston Martin CEO Andy Palmer said. BMW will export iX3 electric SUV to Europe, U.S. from China http://europe.autonews.com/article/20180425/ANE/180429885/bmw-will-export-ix3-electric-suv-to-europe-u-s-from-china Wed, 25 Apr 2018 01:25:22 EST BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China. Porsche appeals against file seizure in emissions raid http://europe.autonews.com/article/20180425/ANE/180429876/porsche-appeals-against-file-seizure-in-emissions-raid Wed, 25 Apr 2018 08:48:02 EST Porsche has appealed against the seizure of files by prosecutors during a raid last week on the company's premises related to inquiries into emissions manipulations. Daimler's Zetsche sees no sign of hostile takeover by top shareholder Li Shufu http://europe.autonews.com/article/20180425/ANE/180429874/daimlers-zetsche-sees-no-sign-of-hostile-takeover-by-top-shareholder Wed, 25 Apr 2018 09:33:59 EST Daimler CEO Dieter Zetsche said there was no indication the automaker's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the company earlier this year. Aston Martin says China spurring another horse-to-cars moment http://europe.autonews.com/article/20180425/COPY/304259941/china-electric-vehicles-trend-aston-palmer Wed, 25 Apr 2018 07:15:45 EST China's policy to cut pollution is driving a rapid move toward EVs in the world's biggest market and causing an upheaval in the global auto industry, Aston Martin CEO Andy Palmer said. BMW's iX3 concept heralds electric expansion http://www.autonews.com/article/20180425/COPY01/304259973/bmws-ix3-concept-heralds-electric-expansion Wed, 25 Apr 2018 00:01:00 EST BMW previewed the expansion of full-electric cars into its core product lineup with the iX3 concept at the Beijing auto show. First Shift: Quiet Tesla makes noise in Beijing http://www.autonews.com/article/20180425/VIDEO/304259961/first-shift-quiet-tesla-makes-noise-in-beijing Wed, 25 Apr 2018 08:45:00 EST In Beijing: BMW previews Chinese export; Nissan juices up Sentra; Lexus redesigns ES; Audi Q5 goes long; 'Sensuous' Hyundai; Quiet Tesla draws a crowd; Alibaba's automotive AI partners. VW Group will decide India 'game plan' soon http://europe.autonews.com/article/20180425/ANE/180429881/vw-group-will-decide-india-game-plan-soon Wed, 25 Apr 2018 06:22:36 EST VW Group will decide on its "game plan" to boost sales in India shortly and does not rule out a partnership with Tata, Skoda CEO Bernhard Maier said. BMW's iX3 concept heralds electric expansion http://europe.autonews.com/article/20180425/ANE/180429894/bmws-ix3-concept-heralds-electric-expansion Wed, 25 Apr 2018 00:01:00 EST BMW previewed the expansion of full-electric cars into its core product lineup with the iX3 concept at the Beijing auto show. Opel workers protest cuts as PSA's Tavares digs in http://europe.autonews.com/article/20180425/ANE/180429882/opel-workers-protest-cuts-as-psas-tavares-digs-in Wed, 25 Apr 2018 05:14:27 EST Hundreds of Opel workers gathered outside the automaker's plant in Eisenach, Germany, to protest PSA's plans to rein in wages in return for production investments.