Americas

VW's MAN truck unit expects profit drop on restructuring costs

July 28, 2015 11:27 CET

Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales.... Read More »

GM plans new vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Mitsubishi throws in towel on fading era

12:01 am U.S. ET | July 27, 2015

Mitsubishi Motors Corp.'s decision last week to sell its only U.S. assembly plant illustrates an emerging new-world order in car production. Mitsubishi's Normal, Ill., plant was part of a wave of Asian-brand joint-venture auto plants in North America that opened in the 1980s and 1990s to do whatever was necessary to crack the all-important U.S. retail market.... Read More »

R&D HUB

Honda flexes research muscle with new Silicon Valley center

12:01 am U.S. ET | July 27, 2015

Honda last week opened to journalists its new 35,000-square-foot Silicon Valley r&d lab, where it has united once-disparate strands of its research work and connected them with a technology incubator for other potential research partners.... Read More »

Volvo, industry flex their CPO sales muscles

12:01 am U.S. ET | July 27, 2015

At the half-year mark, industrywide sales of certified used vehicles stood at 1,275,411, up 13 percent compared with the same period last year. The industry sold 212,843 certified units in June, an 18 percent increase over June 2014.... Read More »

Cars add bling, value versions to fight crossovers

12:01 am U.S. ET | July 26, 2015

As rising sales of crossovers continue to pull buyers away from middle-of-the-road sedans, automakers are scrambling to make their high-volume, mainstream cars a little less boring -- or at least more affordable.... Read More »

TrueCar calls second quarter a 'wake-up call'; shares plunge

9:20 pm U.S. ET | July 23, 2015

TrueCar's CEO warned the online car-shopping company will miss its previous guidance on second-quarter earnings, calling the shortfall a “wake-up call to focus on the business.”... Read More »

NICK BUNKLEY

BLOG: The UAW (and Trump) cry foul as Ford runs for border

2:52 pm U.S. ET | July 23, 2015

As GM and Ford run for the border, investing billions of dollars and creating thousands of jobs in Mexican plants, UAW leaders fume and gain an unlikely ally.... Read More »

JAMES B. TREECE

BLOG: Group 1 makes terrific lemonade

1:03 pm U.S. ET | July 23, 2015

Don't feel sorry for Group 1 Automotive. They're doing just fine, thank you. More than fine, in fact.... Read More »

Self-driving cars get 32-acre city at University of Michigan to hone skills

6:39 am U.S. ET | July 20, 2015

A simulated city opened Monday on the north campus of the University of Michigan to test how self-driving cars will travel in the future without mowing down pedestrians or causing colossal crashes.... Read More »

Private tracks best venue to test self-driving cars, key U.S. senator says

3:16 pm U.S. ET | July 20, 2015

Self-driving cars would be "better" tested on private test tracks than on public roads, said a U.S. senator who has authored several bills on advanced vehicle technologies, after Google disclosed injuries in its latest accident involving a prototype.... Read More »

VW plans parts warehouse serving West Coast dealerships

10:35 am U.S. ET | July 17, 2015

Volkswagen Group of America will spend $6.8 million to open a new parts distribution center in Sacramento, Calif., to serve dealers in the Pacific northwest and northern California, the company said today.... Read More »

China's Yanfeng plans $55 million Tennessee factory to supply VW

12:32 pm U.S. ET | July 16, 2015

Yanfeng Automotive Interiors, a Chinese supplier, will build a $55 million factory in Chattanooga to supply components to Volkswagen AG's nearby assembly plant.... Read More »

Michigan driverless car testing site opens Monday

11:01 am U.S. ET | July 16, 2015

The University of Michigan will officially open its new testing site for connected and driverless cars on Monday. The 32-acre testing grounds, called Mcity, are designed to simulate urban and suburban roads with a network of controlled intersections, traffic signals, streetlights, sidewalks, construction obstacles and more, the university said in a statement.... Read More »

New York dealerships to pay more than $300,000 in deceptive advertising, fraud settlement

11:30 am U.S. ET | July 15, 2015

The New York Attorney General’s Office reached a settlement Tuesday requiring 23 dealerships in the New York area -- the Atlantic Auto Group’s 22 stores and Hyundai of White Plains -- to pay restitution and penalties to resolve false advertising claims, many of which involved vehicle financing.... Read More »

FTC, dealerships settle price-misrepresentation charges

11:30 am U.S. ET | July 15, 2015

In the past three months, the Federal Trade Commission has approved final consent orders involving five dealerships and one loan-acceleration provider for misrepresenting vehicle and add-on costs.... Read More »

Texas isn't open for Tesla sales, governor says

3:56 pm U.S. ET | July 14, 2015

Texas Gov. Greg Abbott said that Tesla Motors shouldn't expect to open Lone Star state sales outlets any time soon.... Read More »

GM plans $1.4 billion expansion, retooling of Texas SUV plant

2:00 pm U.S. ET | July 14, 2015

General Motors plans to invest $1.4 billion in its Arlington, Texas, plant to keep pace with brisk demand for its big SUVs. GM will reconfigure the factory, including the addition of a new paint shop, new body shop and retooled assembly areas.... Read More »

M-B dealers donate $100k for S.C. scholarship fund

3:27 pm U.S. ET | July 13, 2015

The Mercedes-Benz Dealers of America board, along with a dealer in Charleston, S.C., is donating $100,000 to establish a scholarship fund for the families of the nine men and women killed in the mass shooting at a historic black church in Charleston last month.... Read More »

Ford to move production of Focus, C-Max from Michigan Assembly

2:35 pm U.S. ET | July 9, 2015

Ford today said its Michigan Assembly Plant will stop building the Focus and C-Max in 2018, in a sign that the automaker sees slow demand for small cars to continue in the foreseeable future.... Read More »

FCA to invest $166M in Mich. stamping plant

3:58 pm U.S. ET | July 9, 2015

Fiat Chrysler Automobiles is investing $166 million to install three new press lines at its stamping plant in suburban Detroit.... Read More »

Renault cuts global car market forecast on Russia, China, S. America woes

July 7, 2015 16:09 CET

Renault said global industrywide sales will probably increase 1 percent this year -- down from a 2 percent gain predicted earlier -- because of China's slowdown as well as big declines in Latin America and Russia.... Read More »

Quality Metalcraft acquired by private equity firm

2:34 pm U.S. ET | July 7, 2015

Automotive metal components and assemblies supplier Quality Metalcraft was acquired last month by private equity firm The Watermill Group LLC.... Read More »

Google begins testing self-driving vehicles in Austin

9:20 am U.S. ET | July 7, 2015

Google has begun testing its self-driving vehicles in Austin, Texas, expanding efforts to gather information on how the prototypes interact with traffic, road conditions and people.... Read More »

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