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BorgWarner CEO expects big gains despite increased competition

Oct. 30, 2014 06:01 CET
James Verrier, BorgWarner CEO since January 2013, is working to double the size of the powertrain parts supplier to $15 billion in revenue by 2022.... Read More »

Renault sales rise on improving demand in Europe

Oct. 29, 2014 21:26 CET
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.... Read More »

Fiat Chrysler profit rises 7% in third quarter

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected rise of 7 percent in third-quarter operating profit on weak margins in North America and a...... Read More »

Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago.... Read More »

Fiat Chrysler will spin off 10% of Ferrari to counter debt

Oct. 29, 2014 15:13 CET
Fiat Chrysler plans to spin off the Ferrari supercar brand, underpinning efforts to raise about $4.... Read More »

Fiat Chrysler to issue $2.5 billion bond, offer shares

Oct. 29, 2014 15:40 CET
Fiat Chrysler will issue a mandatory convertible bond for $2.... Read More »

VW recalls Audi A4s in China over airbag issue

Oct. 29, 2014 10:33 CET
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...... Read More »

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

6:40 am U.S. ET | Oct. 29, 2014
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 »

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

Oct. 29, 2014 11:56 CET
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...... Read More »

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

Oct. 29, 2014 06:01 CET
Mazda will join Europe's hot subcompact SUV segment early next year with the CX-3, a company spokesman said.... Read More »

JLR picks Discovery Sport to lead Brazil output

Oct. 29, 2014 16:00 CET
The Land Rover Discovery Sport will be the first model Jaguar Land Rover produces at its new plant in Brazil, the automaker said Wednesday.... Read More »

TRW's revenue slips 1%, net income falls 4% in Q3

Oct. 29, 2014 06:01 CET
Safety technology supplier TRW, which counts on Europe for more than 40 percent of its sales, said that its third-quarter revenue dropped 1 percent...... Read More »

Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET
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...... Read More »

Takata knew of airbag defects as early as 2001, lawsuits allege

Oct. 29, 2014 06:01 CET
Takata knew at least as early as 2001 of manufacturing defects that could lead its airbags to explode, U.S. drivers claimed in lawsuits.... Read More »

Car dealer Lookers to beat expectations

Oct. 29, 2014 10:55 CET
Britain's fourth-largest car dealer group, Lookers, forecast better-than-expected 2014 results on Wednesday after seeing strong new car sales.... Read More »

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

Oct. 28, 2014 15:53 CET
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...... Read More »

Hyundai Europe to add ix25 small SUV, source says

Oct. 28, 2014 15:36 CET
Hyundai will sell a version of the ix25 subcompact SUV in Europe and the U.S. starting in 2017, a company source told Automotive News Europe.... Read More »

Ghosn sees more recalls to ensure quality

Oct. 27, 2014 16:03 CET
Renault-Nissan CEO Carlos Ghosn says consumers can expect more recalls as automakers work to keep customers happy and ensure minimal fuss over...... Read More »

Toyota's global sales rise 3% as race with VW tightens

Oct. 27, 2014 12:38 CET
Toyota said worldwide sales climbed 3 percent through September as the carmaker battles VW Group to be the global No. 1.... Read More »

VW owners in China protest over automaker's recall

Oct. 27, 2014 11:57 CET
Volkswagen faces protests in China after car owners were unsatisfied with its handling of a recall to fix a possible suspension defect.... Read More »

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Track, tech events draw crowds to Hoffman stores

Track, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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