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VW's Q3 profit jumps on record Audi, Porsche sales

VW Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China. Earnings rose 16 percent to 3.23 billion euros ($4.07 billion), VW said. Read More »

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LUCA CIFERRI:

Ferrari will go public but remain private

Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group. Read More »

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Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems. Read More »

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Lithia's Q3 net rises 11% on 21% revenue gain

Lithia Motors today said its third-quarter net income increased 11 percent to $34.5 million, as revenue rose 21 percent to $1.30 billion, on double-digit revenue increases in all areas of operations. Read More »

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Hyundai plans to take on Toyota's Prius with new hybrid model

South Korea's Hyundai Motor said it is developing its first dedicated gas-electric car that would go up against Toyota's best-selling Prius. Read More »

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Ferrari spinoff's real winners are Agnelli clan

The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies. Read More »

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First Shift: Hyundai plans Prius fighter

Hybrid would not be based on existing car; Ford Explorer refresh; VW profit up; Takata recall update; gauging Twitter effect. Read More »

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Airbag investigators focus on metal shards sprayed at crashes

More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them. Takata, which accounts for about a quarter of all airbag inflators produced globally, is finding it far more difficult to silence safety questions. Read More »

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First Shift: Worker speaks up, GM acts

Program encourages raising safety concerns; Takata's big test; new leader at NHTSA?; Edmunds makes buy; rise of 3-D printing. Read More »

Fiat Chrysler to issue $2.5 billion bond

Fiat Chrysler will issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its 48 billion euro ($61 billion) investment plan. Read More »

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Fiat Chrysler profit increases 7% in Q3

Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit. Read More »

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Renault's revenue rises on Dacia, Europe

Renault reported a 7 percent increase in revenue in the third quarter, boosted by higher demand for low-cost Dacia models in its home region. Revenue rose to 8.53 billion euros ($10.9 billion) from 7.99 billion euros a year earlier. Read More »

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JLR picks Discovery Sport to lead Brazil output

The Land Rover Discovery Sport will be the first model Jaguar Land Rover produces at its new plant in Brazil, the automaker said. Output will begin in 2016. Read More »

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Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surges

Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt. Read More »

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Maserati beats Ferrari in Q3 profit on Montezemolo exit

Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo. Read More »

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NHTSA steps up inquiry into defective Takata airbags

More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs. Read More »

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Lawmakers ask GAO to review NHTSA actions

Bipartisan leaders of a key House committee have asked Congress' independent watchdog arm for a review of the National Highway Traffic Safety Administration amid escalating concern over the agency's handling of the General Motors ignition switch and Takata airbag recalls. Read More »

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Penske Automotive eyes more growth overseas, retail truck stores

Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Read More »

Freshened 2016 Ford Explorer to debut in L.A.

Ford will reveal the 2016 Ford Explorer at the Los Angeles Auto Show on November 19. The latest version of the Explorer will go on sale next year in North America, Ford said in a statement today. Read More »

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Ford's Fields lunch auction draws top bid of $50,000 -- so far

The price to have lunch with Mark Fields? At least $50,000. The online auction featured on Charitybuzz, which raises money for nonprofits with celebrities and brands, opened October 15 and closes at 3 pm EDT on Thursday. Read More »

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Mitsubishi's net rises 8 percent as U.S. sales soar

Mitsubishi Motors said net income rose 8 percent in the latest quarter, aided by results in North America. Read More »

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LUCA CIFERRI:

Ferrari will go public but remain private

Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group. Read More »

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AutoNews Now: Peeling off from Ferrari

Fiat Chrysler tackling debt, ambitious growth plan; Chrysler, Ford recalls; GM to expand Mich. plant; Nissan aids Ebola fight. Read More »

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JIM HENRY:

The story behind that list of dealership slang

F&I managers -- mostly appalled, but at least partly amused -- recently passed around online a link to a “Car Dealer Dictionary” of dealership slang, including terms that are supposedly in use in F&I departments. Read More »

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Edmunds.com buys startup, plans to offer texting services to dealerships

Edmunds has purchased a startup texting technology company that it helped nurture. The acquisition will enable Edmunds dealership subscribers to offer texting services to mobile customers. Read More »

GM takes charge of its branded F&I products

General Motors is bringing the sales of its branded F&I products in-house, taking over responsibility from captive finance company GM Financial, in a move designed to give those sales a shot in the arm and get those products on more GM dealerships' radar. Read More »

Ford recalls 204,448 Ford and Lincoln crossovers for fire hazard

Ford said it will conduct a regional recall of 204,448 Ford Edge and Lincoln MKX crossover vehicles to correct an issue that could cause a fire. Read More »

F&I TIP:

Why you shouldn't dis credit unions

Negative statements about credit unions are “an absolute credibility killer,” says George Angus. Customers believe in their credit unions. “It's like a cult,” says Angus, the veteran head trainer for Team One Group, of Scottsdale, Ariz. Read More »

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Fiat Chrysler Q3 profit rises on Jeep demand

Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States. Read More »

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VW recalls Audi A4s in China over airbag issue

VW Group's joint venture with FAW Group will recall 270,635 Audi A4s in China due to an airbag software issue, the country's quality watchdog said on Wednesday. The recall involves 4,692 imported A4 allroad variants and 265,943 China-made A4Ls. Read More »

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2 Chrysler recalls involve more than 566,000 vehicles

Chrysler Group is recalling an estimated 381,876 Ram trucks equipped with 6.7-liter Cummins diesel engines globally to upgrade wiring harness terminals and replace their fuel-heater housings, if needed. Read More »

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Fiat Chrysler's growth plans clouded by Brazilian outlook

Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions. Read More »

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Ally swings to $356 million Q3 profit on higher auto-loan demand

Ally Financial said that its third-quarter profit jumped from a year-earlier loss because of higher demand for loans from car dealerships. Read More »

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Huntington Bank focuses on internal auto loan growth

Huntington Bank, of Columbus, Ohio, switched gears in the last year from expanding its footprint and adding new markets to cultivating more business with its existing dealer network. Read More »

Captives see big rise in leases

Leases accounted for almost half of GM Financial originations in the United States and Canada in the quarter. That's a big increase for the GM captive finance company and part of an industry trend that carried leasing to new highs. Last week, Ford Motor Credit Co. Read More »

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Tesla car owners get exemption from $12,000 Shanghai plates

Tesla car owners in Shanghai can register their electric vehicles for free after the city exempted them from paying $12,000 for a license plate. Read More »

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VW closes sales gap with Toyota in race for No. 1

VW Group has narrowed its global sales gap with market leader Toyota as the world's two largest automakers enter the fourth quarter in a tight race for the industry's top spot. VW Group trailed Toyota by 72,000 vehicles after nine months. Read More »

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Mazda readies CX-3 for Europe's hot small SUV segment

Mazda will join Europe's hot subcompact SUV segment early next year with the CX-3, a company spokesman said. Mazda will sell more than 25,000 CX-3s in Europe next year, analysts at IHS Automotive predict. Read More »

Car dealer Lookers to beat expectations

Britain's fourth-largest car dealer group, Lookers, forecast better-than-expected 2014 results on Wednesday after seeing strong new car sales. Lookers said retail new car sales rose 12 percent in the first nine months of the year. Read More »

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AutoNews Now: Quality chief leaves Chrysler

Doug Betts' departure follows poor showing in reliability study; 'emotional' Camry re-do; Kia and LeBron; Ford Halloween prank. Read More »

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First Shift: Volt to get bigger engine

'16 model also to have U.S.-made electric drive unit; Honda expects profit dip; AutoNation gains; Snyder: Chaos or opportunity? Read More »

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VW to launch more than 20 EVs, plug-ins in China

Volkswagen Group said it will launch more than 20 electric vehicles and plug-in hybrids in China by the end of 2018, as it capitalizes on Beijing's support for low-emission vehicles in the country's campaign against pollution. Read More »

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Tesla stock bounces back 10% after Musk disputes WSJ on Twitter

Tesla CEO Elon Musk tweeted that sales of the electric Model S rose 65 percent in North America last month and reached a “record high” worldwide. Read More »

 
Most Read
Ferrari will go public but remain private

Luca Ciferri
3:40 pm U.S. ET | Oct. 29 2014

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Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group. ...
 Read More ›

China has room for PSA's upscale DS brand

Bruce Gain
12:01 am U.S. ET | Oct. 25 2014

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PSA's upscale DS brand is on track to be successful in China because of consumer demand for French l ...
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Japanese automakers drive UK car industry's rebound

Hans Greimel
12:01 am U.S. ET | Oct. 24 2014

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The UK's car industry is staging a big comeback. And it's mostly due to some not-so English names: Nissan, Toyota and Honda. ...
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Why Daimler doesn't share investors' love affair with Tesla

Christiaan Hetzner
9:14 am U.S. ET | Oct. 22 2014

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Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. ...
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Why Audi, BMW and Mercedes dominate China's luxury market

Yang Jian
8:25 am U.S. ET | Oct. 17 2014

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Brands such as Cadillac, Lexus and French newcomer DS are trying -- but failing -- to loosen the tight grip German automakers have on China's luxury car market. ...
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Reithofer's vision made U.S. plant into a global giant

Luca Ciferri
12:01 am U.S. ET | Oct. 11 2014

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BMW CEO Nortbert Reithofer has transformed the automaker's U.S. factory into one of the world's larg ...
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Carlos and Dieter show goes from strength to strength

Christiaan Hetzner
5:34 am U.S. ET | Oct. 6 2014

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Dieter Zetsche and Carlos Ghosn dispelled speculation that the industrial partnership between Daimler and the Renault-Nissan alliance could crumble once they are not around... ...
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Tavares brings PSA back in the race

Bruce Gain
5:56 am U.S. ET | Oct. 3 2014

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PSA CEO Carlos Tavares is already achieving positive results with his turnaround plan at the money-l ...
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From boosting Renault to designing boats

Richard Johnson
4:02 am U.S. ET | Oct. 3 2014

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One reason why Renault shocked the auto world in 1998 by acquiring Nissan was the emergence of a del ...
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XC90 boosts Volvo CEO's belief in e-commerce

Douglas A. Bolduc
6:41 am U.S. ET | Oct. 2 2014

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Volvo CEO Hakan Samuelsson's belief in e-commerce got a huge boost because of the XC90. ...
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Western European car sales rise 6% in September
Western European car sales rose 6 percent in September, according to forecaster LMC Automotive. ...
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Germany joins France, Italy in reporting car-sales rebound in September
Germany joined France and Italy in reporting a rebound in new-car registrations last month after poo ...
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Auto sector faltered in Q2
European automakers, suppliers and retailers experienced mixed fortunes in the second quarter of 2014, as measured by the Automotive News Europe/PricewaterhouseCoopers. ...
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Western European car sales extend mixed recovery
Western European car sales rose 1 percent in August, the 12th consecutive monthly gain, as faltering ...
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German, French and Italian car sales fall in August
New-car sales in Germany, France and Italy all fell slightly in August, a seasonally weak vacation m ...
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Spanish car sales rise 14% in August
Spain's new-car sales rose 14 percent to 45,355 in August, the twelfth straight month of increases, ...
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French car sales drop 3% on weak August demand
French car sales fell 3 percent last month, led by an 11 percent drop at Renault. ...
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Recovery on track as western Europe car sales rise 5%
Car sales in western Europe grew by 5 percent in July to a little more than 1 million vehicles, brin ...
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Strong UK car sales in July part of improving European trend
New-car sales in the UK rose by 7 percent in July, as the country's credit-backed growth continued. The increase follows volume growth last month in Germany, Italy and Spain. ...
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German car sales bounce back in July
New-car sales in Germany bounced back in July, suggesting further improvement in second-half demand ...
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Rolls-Royce names BMW exec interior design chief
Daniel Starke is the new Rolls-Royce interior design head, a role he previously held at BMW's i elec ...
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Lotus names Carr as new design chief
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car ma ...
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Bentley appoints Austrian dealership veteran as Europe sales boss
Bentley named Robert Engstler as its regional director for Europe. Austrian-born Engstler joins Bent ...
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Nissan recruits Hyundai Europe COO as global sales chief
Nissan has tapped Hyundai Europe's chief operating officer, Allan Rushforth, to be its new global sa ...
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BMW hires Ferrari's chief engineer
BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. ...
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Aston Martin recruits Tesla spokesman Sproule as chief marketing officer
Aston Martin has recruited Simon Sproule, Tesla's communications head, to serve as chief marketing o ...
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VW picks Kantner to lead India sales
VW Group has named Manfred Kantner the new head of passenger car sales for India and the Far East at ...
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BMW names former Audi exec to lead high-performance M unit
BMW has appointed Franciscus "Frank" van Meel as head of its M in-house performance unit. Van Meel r ...
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VW-SAIC joint venture names industry veteran as president
Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. ...
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Mazda names new sales chief for Europe
Mazda veteran Martijn ten Brink is the automaker's new head of sales in Europe. ...
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Audi seeks to increase TT's market share
Audi expects its new TT to boost its market share even though demand for small sports cars is shrink ...
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BMW's taboo-breaker, the 2-series Active Tourer
BMW's 2-series Active Tourer breaks new ground for the automaker as the brand's first minivan and fi ...
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Renault's radical new Twingo could become segment leader
Renault's new Twingo is radically different than the two previous generations of the minicar with a ...
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Citroen touts 'cheerful' C1
Citroen is touting the C1's "cheerful" front-end design, open-top variant and a modern infotainment ...
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Mercedes has high hopes for S-class coupe
Mercedes expects a new name, fresh design and innovative technology will help double sales of the S- ...
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Citroen's clever C4 Cactus
Citroen has found clever ways to make its new C4 Cactus an unconventional and affordable alternative ...
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Toyota Aygo gets 'fun' makeover
Toyota is aiming its new Aygo minicar at younger buyers who don't take themselves too seriously, par ...
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Nissan X-Trail gets sporty
Nissan's new X-Trail, which is now available with front-wheel-drive and seven-seat models, has a dis ...
 Read More ›
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The 'better Golf'
Volkswagen says the Golf Sportsvan combines the agility of the classic Golf hatchback with the roomi ...
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Honda rolls out the Civic wagon
Honda hopes that sleek styling and a smart interior will help its new Civic Tourer station wagon boo ...
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BorgWarner helps boost power in BMW 2 series
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 18 ...
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Jaguar F-Type relies on Stadco's aluminum skin
Stadco supplies the vast majority of the aluminum outer structure for the new Jaguar F-Type, includi ...
 Read More ›
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Magna Powertrain helps Mercedes GLA stay on track
Magna Powertrain supplies the all-wheel-drive system for the new Mercedes-Benz GLA. ...
 Read More ›
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Osram provides BMW i8's laser lights
Osram provides the headlamps for the optional laser high beams on the BMW i8 plug-in hybrid supercar ...
 Read More ›
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Delphi helps reduce CO2, noise in new Peugeot 308
Delphi supplies the injectors to the new Peugeot 308's gasoline direct-injection engine, which produ ...
 Read More ›
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Roechling, Plastic Omnium help cut CO2 in new Nissan Qashqai
Roechling Automotive and Plastic Omnium help reduce the drag coefficient in the new Nissan Qashqai t ...
 Read More ›
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