Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Fri, 24 Feb 2017 06:00:00 EST PSA has 'track record' to turn around Opel/Vauxhall, Tavares says http://europe.autonews.com/article/20170224/ANE/170229917/psa-has-track-record-to-turn-around-opel-vauxhall-tavares-says Fri, 24 Feb 2017 00:01:00 EST PSA CEO Carlos Tavares offered a robust justification for a potential deal to buy GM's Opel/Vauxhall business, saying his company has the track record and expertise to turn around GM's European operations, which has continued to lose hundreds of... Jeep Compass priced from $22,090 http://www.autonews.com/article/20170224/OEM04/170229911/jeep-compass-priced-from-22090 Fri, 24 Feb 2017 00:01:00 EST Pricing for the redesigned 2017 Jeep Compass will start at more than $22,000, while the compact crossover will become the second most-fuel efficient Jeep after the Renegade, Fiat Chrysler said. Waymo claims former employee stole self-driving tech secrets http://www.autonews.com/article/20170223/MOBILITY/170229907/waymo-claims-former-employee-stole-self-driving-tech-secrets Thu, 23 Feb 2017 18:45:00 EST Waymo, in a lawsuit filed Thursday in California, claims Anthony Levandowski downloaded 14,000 files before leaving to start his own company, Otto, which was later bought by Uber. VW exec Schmidt pleads not guilty, but must stay behind bars, judge says http://www.autonews.com/article/20170223/OEM02/170229916/vw-exec-schmidt-pleads-not-guilty-but-must-stay-behind-bars-judge Thu, 23 Feb 2017 13:51:23 EST Volkswagen executive Oliver Schmidt will remain behind bars as an extreme flight risk even after not-guilty pleas were entered on his behalf during his arraignment Thursday in U.S. District Court in Detroit. Ghosn hands Nissan reins to cost-focused lieutenant http://www.autonews.com/article/20170223/OEM02/170229922/ghosn-hands-nissan-reins-to-cost-focused-lieutenant Thu, 23 Feb 2017 10:16:04 EST Newly promoted to CEO at Nissan, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry. All networks are vulnerable to hackers http://www.autonews.com/article/20170223/OEM06/170229908/all-networks-are-vulnerable-to-hackers Thu, 23 Feb 2017 17:40:00 EST The establishment of self-driving tests on public roads would create a monumental vulnerability that if exploited could collapse society with a keystroke, writes one reader. Tesla's cash burn raises concerns on Wall Street http://www.autonews.com/article/20170223/OEM01/170229918/teslas-cash-burn-raises-concerns-on-wall-street Thu, 23 Feb 2017 11:46:06 EST Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla is banking on to reach the mainstream consumer. The skeptics didn't know Carlos Ghosn http://www.autonews.com/article/20170223/BLOG06/170229915/the-skeptics-didnt-know-carlos-ghosn Thu, 23 Feb 2017 14:16:23 EST Bob Lutz didn't think Nissan could be saved. At that moment in the late 1990s, Lutz was CEO of battery maker Exide and Nissan was on the brink of failure. Enter Carlos Ghosn, who quickly promised a quick return to profit. Visteon builds on electronics segment gains in Q4 http://www.autonews.com/article/20170223/OEM10/170229912/visteon-builds-on-electronics-segment-gains-in-q4 Thu, 23 Feb 2017 15:12:22 EST Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year. AutoNews Now: 'Audacious' Ghosn tough act to follow http://www.autonews.com/article/20170223/VIDEO/302239966/autonews-now-audacious-ghosn-tough-act-to-follow Thu, 23 Feb 2017 14:45:00 EST 'Audacious' leader Ghosn tough act to follow at Nissan; Tavares' Opel ambition: Create 'European car champion'; Stabbing at GM plant; Mercedes creates special-edition roadsters. PSA-Opel deal promises Big Bang in small cars, report says http://europe.autonews.com/article/20170223/ANE/170229921/psa-opel-deal-promises-big-bang-in-small-cars-report-says Thu, 23 Feb 2017 11:08:41 EST PSA plans an engineering blitz to redevelop Opel's core models with its own technology if it succeeds in buying GM's European arm, Reuters reported. PSA takes first steps to U.S. market entry with ride-sharing service http://europe.autonews.com/article/20170223/ANE/170229931/psa-takes-first-steps-to-u-s-market-entry-with-ride-sharing-service Thu, 23 Feb 2017 03:10:16 EST PSA will be a partner in TravelCar, a ride-sharing service set to begin in April at airports in San Francisco and Los Angeles, as the automaker takes the first steps toward re-entering the North American market. VW board expected to support Audi's Stadler despite criticism over scandal http://europe.autonews.com/article/20170223/ANE/170229923/vw-board-expected-to-support-audis-stadler-despite-criticism-over Thu, 23 Feb 2017 09:25:41 EST Audi CEO Rupert Stadler is expected to win the backing of top officials at the carmaker and parent company Volkswagen Group this week, despite criticism of his handling of the group's emissions scandal, two sources close to the matter said. PSA-Opel deal would find 'speedy' savings http://europe.autonews.com/article/20170223/ANE/170229929/psa-opel-deal-would-find-speedy-savings Thu, 23 Feb 2017 04:55:49 EST PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. GM worker released from hospital after stabbing at Wentzville plant http://www.autonews.com/article/20170223/OEM01/170229920/gm-worker-released-from-hospital-after-stabbing-at-wentzville-plant Thu, 23 Feb 2017 11:29:58 EST A worker at General Motors' Wentzville assembly plant in Missouri has been released from the hospital after being stabbed five times Wednesday night at the plant, according to officials. PSA could sell Opel cars outside of Europe http://europe.autonews.com/article/20170223/ANE/170229926/psa-could-sell-opel-cars-outside-of-europe Thu, 23 Feb 2017 07:53:40 EST PSA Group CEO Carlos Tavares laid out his vision for Opel that includes expanding the German brand outside its European home market. Tavares talks about Opel/Vauxhall jobs with Germany's Merkel and UK's May http://europe.autonews.com/article/20170223/ANE/170229925/tavares-talks-about-opel-vauxhall-jobs-with-germanys-merkel-and-uks Thu, 23 Feb 2017 08:42:53 EST UK Prime Minister Theresa May and German Chancellor Angela Merkel have both spoken with PSA CEO Carlos Tavares in the last few days as the executive looks likely to preside over a deal with Opel/Vauxhall that may put UK and German car jobs at risk. First Shift: Ghosn gives up Nissan CEO title http://www.autonews.com/article/20170223/VIDEO/302239965/first-shift-ghosn-gives-up-nissan-ceo-title Thu, 23 Feb 2017 08:30:00 EST Ghosn gives up Nissan CEO title; Tesla narrows Q4 loss; Arraignment set for VW exec; PSA a partner in LA, San Francisco airport car-sharing venture; Sweet spots for EV sales. PSA ready for 'opportunities' as profit gain helps Opel stance http://europe.autonews.com/article/20170223/ANE/170229932/psa-ready-for-opportunities-as-profit-gain-helps-opel-stance Thu, 23 Feb 2017 01:29:38 EST PSA's earnings jumped 18 percent last year on cost cuts, underscoring the automaker's revival and helping its efforts to buy GM's struggling European operations. Nissan can manage just fine without Ghosn at the wheel http://www.autonews.com/article/20170223/OEM02/170229927/nissan-can-manage-just-fine-without-ghosn-at-the-wheel Thu, 23 Feb 2017 06:48:55 EST Nissan, which has counted Carlos Ghosn as chairman, CEO and president for most of the period since Renault saved it from the brink of collapse in 1999, is going to have to make do with less of him. Brexit-induced fall in pound left Nissan worse off in UK http://europe.autonews.com/article/20170223/ANE/170229928/brexit-induced-fall-in-pound-left-nissan-worse-off-in-uk Thu, 23 Feb 2017 05:26:41 EST Nissan said the Brexit-induced fall in the pound, which dropped by some 15 percent against the euro after the June referendum, had left it slightly worse off in the UK as the extra cost of importing euro-denominated parts outweighed the currency... Kia counts on loyal buyers for new Picanto http://europe.autonews.com/article/20170223/ANE/170229987/kia-counts-on-loyal-buyers-for-new-picanto Thu, 23 Feb 2017 00:01:00 EST Kia hopes customer loyalty, along with new connectivity and safety features, will help lift sales of the Picanto in the price-sensitive minicar segment. UK car production reaches 9-year high in January http://europe.autonews.com/article/20170223/ANE/170229930/uk-car-production-reaches-9-year-high-in-january Thu, 23 Feb 2017 04:16:49 EST UK car production rose by an annual 7.5 percent in January to hit its highest level since 2008, as strong demand for exports compensated for a decline in demand at home, according to data from the SMMT industry body. Ghosn steps down as Nissan CEO, hands reins to Saikawa as focus shifts http://www.autonews.com/article/20170222/OEM02/170229933/ghosn-steps-down-as-nissan-ceo-hands-reins-to-saikawa-as-focus-shifts Wed, 22 Feb 2017 18:34:31 EST Carlos Ghosn, the long-serving chief executive who rescued Nissan from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi. Tesla loss narrows to $121 million in Q4 http://www.autonews.com/article/20170222/OEM/170229936/tesla-loss-narrows-to-121-million-in-q4 Wed, 22 Feb 2017 17:45:00 EST Tesla reported a net loss of $121.3 million in the fourth quarter as the company prepared to launch Model 3 output. Revenue surged 88 percent to $2.3 billion in the fourth quarter behind a rise in vehicle sales. Auto finance OK overall, but subprime shows blemishes, N.Y. Fed says http://www.autonews.com/article/20170222/FINANCE_AND_INSURANCE/302229997/auto-finance-ok-overall-but-subprime-shows-blemishes-n-y-fed-says Wed, 22 Feb 2017 11:30:00 EST Credit quality looks OK for auto finance overall, and outstanding auto loans and leases combined hit a record $1. PSA sets sales and savings goals for Opel deal, report says http://europe.autonews.com/article/20170222/ANE/170229950/psa-sets-sales-and-savings-goals-for-opel-deal-report-says Wed, 22 Feb 2017 11:33:31 EST PSA expects its planned acquisition of GM's Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as $2.1 billion annually, Reuters reported. VW said to renew India push with Tata alliance talks http://europe.autonews.com/article/20170222/ANE/170229945/vw-said-to-renew-india-push-with-tata-alliance-talks Wed, 22 Feb 2017 13:53:56 EST VW Group is in advanced talks to team up with Tata Motors as the German automaker takes another stab at India's fast-growing demand for cars, Bloomberg reported. FCA's quality woes are systemic http://www.autonews.com/article/20170222/BLOG06/170229952/fcas-quality-woes-are-systemic Wed, 22 Feb 2017 11:30:00 EST Take a good look at today's J.D. Power Vehicle Dependability Study. Scroll down that long list of brands. There they are: FCA's brands, bringing up the rear. Looks familiar, doesn't it? KAR Auction's Q4 net income drops despite gain at ADESA http://www.autonews.com/article/20170222/RETAIL04/170229940/kar-auctions-q4-net-income-drops-despite-gain-at-adesa Wed, 22 Feb 2017 14:54:36 EST ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses. Mobileye Q4 net income climbs 73% in strong finish to 2016 http://www.autonews.com/article/20170222/MOBILITY/170229946/mobileye-q4-net-income-climbs-73-in-strong-finish-to-2016 Wed, 22 Feb 2017 12:37:01 EST Mobileye's stream of self-driving partnership announcements and success with aftermarket products pushed it to a strong finish in 2016. Interiors supplier AGM being acquired by Flex Ltd. http://www.autonews.com/article/20170222/OEM10/170229937/interiors-supplier-agm-being-acquired-by-flex-ltd Wed, 22 Feb 2017 15:44:34 EST Flex Ltd. is buying automotive supplier AGM Automotive. AGM, headquartered near Detroit, supplies interior systems including overhead consoles, interior lighting, electronic components and carpet. GM supplier organized after strike by UAW in Kansas City http://www.autonews.com/article/20170222/OEM01/170229941/gm-supplier-organized-after-strike-by-uaw-in-kansas-city Wed, 22 Feb 2017 14:42:40 EST Workers at a Kansas City factory that supplies General Motors on Tuesday ratified their first UAW-bargained contract with a nearly unanimous vote after a three-week strike. AutoNews Now: Lexus, Porsche top dependability study http://www.autonews.com/article/20170222/VIDEO/302229977/autonews-now-lexus-porsche-top-dependability-study Wed, 22 Feb 2017 14:45:00 EST Lexus, Porsche top dependability study, Fiat struggle continues; PSA eyes partnership with Lotus owner Proton; BMW inks deal with Mobileye; Boost in range for VW's e-Golf. Lexus, Porsche rank as most-dependable brands, J.D. Power says http://www.autonews.com/article/20170222/OEM01/170229953/lexus-porsche-rank-as-most-dependable-brands-j-d-power-says Wed, 22 Feb 2017 10:00:00 EST Lexus and Porsche are the most dependable brands after three years of vehicle ownership, while Toyota leads non-premium labels, according to a J.D. Power study. Fiat Chrysler posted four of the bottom five brands. North America production downtime overtime - 02/27/17 http://www.autonews.com/article/20170222/DATACENTER/170229942/north-america-production-downtime-overtime-02-27-17 Wed, 22 Feb 2017 14:39:50 EST First Shift: Automakers take case to new EPA boss http://www.autonews.com/article/20170222/VIDEO/302229976/first-shift-automakers-take-case-to-new-epa-boss Wed, 22 Feb 2017 08:30:00 EST Automakers take case to new EPA boss; Poll puts Takata reputation on 'critical' list; Smoother CUE?; New Range Rover model: Velar; Benz dealers get a break; 'One price' expansion. EPA rates VW's 2017 e-Golf at 126 mpg-e and boosts range to 125 miles http://www.autonews.com/article/20170222/OEM04/170229947/epa-rates-vws-2017-e-golf-at-126-mpg-e-and-boosts-range-to-125-miles Wed, 22 Feb 2017 12:30:28 EST An upgraded lithium ion battery pack and electric motor have enabled the 2017 Volkswagen e-Golf to achieve a 126 mpg-e city rating and a doubled estimated range to 125 miles from U.S. regulators. EFG launching compliance tutorials http://www.autonews.com/article/20170222/FINANCE_AND_INSURANCE/170229963/efg-launching-compliance-tutorials Wed, 22 Feb 2017 11:30:00 EST EFG aims to simplify FandI compliance for industry newcomers and veterans through a series of free podcasts and YouTube videos. Q4 F&I results improve at 5 of 6 publics http://www.autonews.com/article/20170222/FINANCE_AND_INSURANCE/302229996/q4-fi-results-improve-at-5-of-6-publics Wed, 22 Feb 2017 11:45:00 EST Group 1, AutoNation, Asbury, Sonic and Lithia posted improved FandI results in the fourth quarter, although the retailers gave mixed views this month on whether growth will continue. Keep the buying process flexible http://www.autonews.com/article/20170222/BLOG13/302229995/keep-the-buying-process-flexible Wed, 22 Feb 2017 11:45:00 EST In the evolution to the online car-buying process, it's important to remember there is no one-size-fits-all solution. German lawmakers call for inquiry into VW compliance chief exit http://www.autonews.com/article/20170222/OEM02/170229951/german-lawmakers-call-for-inquiry-into-vw-compliance-chief-exit Wed, 22 Feb 2017 11:12:32 EST Lawmakers from Volkswagen's home region called on Wednesday for an inquiry into the sudden departure of the German carmaker's compliance chief last month, saying they were concerned the supervisory board was not overseeing the business effectively. Early F&I intros speed deals, enable tailored menus http://www.autonews.com/article/20170222/FINANCE_AND_INSURANCE/302239999/early-fi-intros-speed-deals-enable-tailored-menus Wed, 22 Feb 2017 00:01:00 EST Introduce FandI early in the sales process to speed up the transaction, suggests John Stephens of EFG Cos. PSA seeks Southeast Asia expansion with Proton bid http://europe.autonews.com/article/20170222/ANE/170229954/psa-seeks-southeast-asia-expansion-with-proton-bid Wed, 22 Feb 2017 04:40:43 EST PSA confirmed it had submitted a bid for a partnership with Proton, putting the French automaker in a potential bidding war for the ailing Malaysian owner of the UK-based Lotus Cars unit. Italdesign launches new division for limited-edition models http://europe.autonews.com/article/20170222/ANE/170229967/italdesign-launches-new-division-for-limited-edition-models Wed, 22 Feb 2017 00:01:00 EST Italdesign has formed a business division to build limited-edition supercars. The new unit will unveil its first car, a $1.6 million coupe, at the Geneva auto show next month. Stuttgart will ban some diesel cars from city center http://europe.autonews.com/article/20170222/ANE/170229955/stuttgart-will-ban-some-diesel-cars-from-city-center Wed, 22 Feb 2017 04:33:06 EST Stuttgart, home to German automakers Mercedes and Porsche, will ban from next year diesel cars which do not meet the latest Euro 6 emissions standards from entering the city on days when pollution is heavy. Range Rover will add Velar as Porsche Macan rival http://europe.autonews.com/article/20170222/ANE/170229957/range-rover-will-add-velar-as-porsche-macan-rival Wed, 22 Feb 2017 03:36:10 EST Land Rover confirmed Velar as the name for a new SUV that will be a rival to the Porsche Macan. The Velar will be the fourth member of the Range Rover family and will be positioned between the Evoque and the Range Rover Sport. German court bars discussion of emissions documents in Audi case http://europe.autonews.com/article/20170222/ANE/170229956/german-court-bars-discussion-of-emissions-documents-in-audi-case Wed, 22 Feb 2017 04:02:35 EST A German court barred the public disclosure of documents relating to VW Group's emissions scandal during a hearing for wrongful dismissal brought by a former Audi engineer. Man and machine highlight Lexus spot http://www.autonews.com/article/20170222/VIRALVIDEO/302229998/man-and-machine-highlight-lexus-spot Wed, 22 Feb 2017 00:01:00 EST Lexus showcases the sporty LC 500 in the latest spot to top our weekly viral video charts. PSA says it will honor existing Opel job guarantees http://europe.autonews.com/article/20170221/ANE/170229986/-psa-says-it-will-honor-existing-opel-job-guarantees Tue, 21 Feb 2017 05:19:48 EST PSA Group told German Chancellor Angela Merkel that it would uphold Opel and Vauxhall job guarantees if it buys the GM's European arm, though some analysts say thousands of job losses are likely eventually.