Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Wed, 27 Jul 2016 06:00:00 EST Could Trump expose another UAW disconnect? http://www.autonews.com/article/20160727/BLOG06/160729861/could-trump-expose-another-uaw-disconnect Wed, 27 Jul 2016 13:15:30 EST UAW President Dennis Williams faces another potential headache less than a year after a contentious contract ratification process with the Detroit 3: Donald Trump. GM to ramp up truck production http://www.autonews.com/article/20160727/OEM01/160729857/gm-to-ramp-up-truck-production Wed, 27 Jul 2016 15:03:03 EST General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said today. Ferrari, Altair Product Design team up for next-gen vehicle platform http://www.autonews.com/article/20160727/OEM03/160729858/ferrari-altair-product-design-team-up-for-next-gen-vehicle-platform Wed, 27 Jul 2016 14:52:33 EST Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company's next-generation vehicle platform. Elon Musk says it's 'pencils down' for Tesla's Model 3 http://www.autonews.com/article/20160727/OEM05/160729859/elon-musk-says-its-pencils-down-for-teslas-model-3 Wed, 27 Jul 2016 14:35:42 EST Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday. Superior Industries more than doubles Q2 net income http://www.autonews.com/article/20160727/OEM10/160729864/superior-industries-more-than-doubles-q2-net-income Wed, 27 Jul 2016 12:28:38 EST Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico. UAW blasts Renault-Nissan for denying French lawmaker a meeting http://www.autonews.com/article/20160727/OEM01/160729862/uaw-blasts-renault-nissan-for-denying-french-lawmaker-a-meeting Wed, 27 Jul 2016 12:37:06 EST The UAW criticized the Renault-Nissan Alliance after it turned down a meeting with a member of the French parliament at its Canton, Miss., plant, which the UAW hopes to unionize. NextGear Capital will finance vehicle purchases at CarMax auctions http://www.autonews.com/article/20160727/RETAIL04/160729863/nextgear-capital-will-finance-vehicle-purchases-at-carmax-auctions Wed, 27 Jul 2016 12:31:54 EST NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8. FCA boosts 2016 profit target as Jeep fuels Q2 rise http://www.autonews.com/article/20160727/OEM/160729868/fca-boosts-2016-profit-target-as-jeep-fuels-q2-rise Wed, 27 Jul 2016 07:47:14 EST Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs. What&'s in your documents? http://www.autonews.com/article/20160727/FINANCE_AND_INSURANCE/160729865/what-s-in-your-documents Wed, 27 Jul 2016 11:04:29 EST Know the fine print, advises Dave Robertson of the Association of Finance and Insurance Professionals. Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study http://www.autonews.com/article/20160727/RETAIL/160729866/toyota-mitsubishi-volvo-improve-the-most-in-j-d-power-apeal-study Wed, 27 Jul 2016 10:00:00 EST Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th consecutive year. Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal http://www.autonews.com/article/20160727/OEM01/160729872/mitsubishi-motors-q1-operating-profit-tumbles-75-after-mileage Wed, 27 Jul 2016 06:48:53 EST Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles. Consumers want to learn about F&I products sooner, study finds http://www.autonews.com/article/20160727/FINANCE_AND_INSURANCE/307209998/consumers-want-to-learn-about-fi-products-sooner-study-finds Wed, 27 Jul 2016 10:30:00 EST Educating consumers on FandI products before they enter the dealership may help car buyers better understand the value of -- and therefore be more likely to purchase -- those products, a study found. Refunds go out to consumers caught in warranty scam http://www.autonews.com/article/20160727/FINANCE_AND_INSURANCE/160729884/refunds-go-out-to-consumers-caught-in-warranty-scam Wed, 27 Jul 2016 10:30:00 EST Customers who were deceived by illegal robocalls and fooled into paying thousands of dollars for fraudulent extended warranties will receive more than $4. Look beyond payment when structuring leases http://www.autonews.com/article/20160727/BLOG13/307279996/look-beyond-payment-when-structuring-leases Wed, 27 Jul 2016 10:30:00 EST Monthly payments have become a significant factor in customers' financing decisions. But dealers should look beyond the monthly payment to offer customers the best lease deal. Hail storms dent Ally's insurance business in Q2 http://www.autonews.com/article/20160727/FINANCE_AND_INSURANCE/307279997/hail-storms-dent-allys-insurance-business-in-q2 Wed, 27 Jul 2016 10:30:00 EST Ally Financial's auto insurance business swung to a loss in the second quarter on higher weather losses and lower investment gains, even as the lender carved out gains with a new flagship product, Ally Premier Protection. Fiat Chrysler Q2 profit boosted by Jeep, Europe rebound http://europe.autonews.com/article/20160727/ANE/160729869/fiat-chrysler-q2-profit-boosted-by-jeep-europe-rebound Wed, 27 Jul 2016 07:33:10 EST Fiat Chrysler said adjusted operating profit for the second quarter rose 16 percent to 1.63 billion euros. PSA posts record first-half earnings, downplays Brexit impact http://europe.autonews.com/article/20160727/ANE/160729878/psa-posts-record-first-half-earnings-downplays-brexit-impact Wed, 27 Jul 2016 02:18:58 EST PSA unveiled record first-half profits on productivity gains and a European market rebound. The automaker said its operational margin resisted sterling's fall against the euro after the UK voted to quit the EU. First Shift: Grand jury probes FCA sales http://www.autonews.com/article/20160727/VIDEO/307279920/first-shift-grand-jury-probes-fca-sales Wed, 27 Jul 2016 00:01:00 EST FCA dealers subpoenaed in sales probe; Nissan and Mitsu profits slide, FCA rises; UAW: Clinton open to NAFTA changes; Tesla-Mobileye split; Snyder: Service nirvana. Nissan profit declines 9% as stronger yen hits earnings http://europe.autonews.com/article/20160727/ANE/160729875/nissan-profit-declines-9-as-stronger-yen-hits-earnings Wed, 27 Jul 2016 04:07:03 EST Nissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings. Valeo first-half profit rises 23% on intuitive driving, low-emissions tech http://europe.autonews.com/article/20160727/ANE/160729876/valeo-first-half-profit-rises-23-on-intuitive-driving-low-emissions Wed, 27 Jul 2016 03:46:36 EST Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets Mercedes challenges Tesla with electric heavy truck http://europe.autonews.com/article/20160727/ANE/160729873/mercedes-challenges-tesla-with-electric-heavy-truck Wed, 27 Jul 2016 05:34:10 EST Mercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors. Ally nearly doubles net income to $360 million in Q2 http://www.autonews.com/article/20160726/FINANCE_AND_INSURANCE/160729886/ally-nearly-doubles-net-income-to-360-million-in-q2 Tue, 26 Jul 2016 15:01:56 EST Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases. VW's $14.7B diesel U.S. emissions settlement clears hurdle http://europe.autonews.com/article/20160726/ANE/160729877/vws-14-7b-diesel-u-s-emissions-settlement-clears-hurdle Tue, 26 Jul 2016 00:01:00 EST Volkswagen's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. Federal grand jury probes FCA's U.S. sales http://www.autonews.com/article/20160726/RETAIL07/160729881/federal-grand-jury-probes-fcas-u-s-sales Tue, 26 Jul 2016 19:30:00 EST Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices. Tesla Model 3 could generate $20 billion in annual revenue, Musk says http://www.autonews.com/article/20160726/OEM05/160729880/tesla-model-3-could-generate-20-billion-in-annual-revenue-musk-says Tue, 26 Jul 2016 19:42:23 EST Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plant http://www.autonews.com/article/20160726/OEM01/160729899/fca-earmarks-1-5-billion-to-build-ram-1500-pickups-at-chrysler-200 Tue, 26 Jul 2016 11:01:35 EST Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup. FCA restates U.S. sales, says winning streak ended 3 years ago http://www.autonews.com/article/20160726/RETAIL01/160729893/fca-restates-u-s-sales-says-winning-streak-ended-3-years-ago Tue, 26 Jul 2016 13:30:00 EST Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in September 2013. So sorry about your analysis http://www.autonews.com/article/20160726/BLOG06/160729882/so-sorry-about-your-analysis Tue, 26 Jul 2016 18:15:00 EST FCA US' move to revise the methodology it has used to report U.S. sales for 30 years and restating monthly results since January 2011 is unsettling. Clinton, if elected, plans to renegotiate NAFTA, UAW chief says http://www.autonews.com/article/20160726/OEM01/160729891/clinton-if-elected-plans-to-renegotiate-nafta-uaw-chief-says Tue, 26 Jul 2016 13:56:34 EST UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. U.S. report says Tesla driver speeding in fatal Autopilot crash http://www.autonews.com/article/20160726/OEM11/160729889/u-s-report-says-tesla-driver-speeding-in-fatal-autopilot-crash Tue, 26 Jul 2016 14:29:12 EST A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. Porsche to skip 2017 Detroit auto show http://www.autonews.com/article/20160726/OEM/160729895/porsche-to-skip-2017-detroit-auto-show Tue, 26 Jul 2016 12:41:03 EST Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles. Fairlane Ford dealership porter killed in parking lot incident http://www.autonews.com/article/20160726/RETAIL/160729888/fairlane-ford-dealership-porter-killed-in-parking-lot-incident Tue, 26 Jul 2016 14:33:17 EST A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. The Dearborn Police Department said other dealership employees found the man around 7 a.m. Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits http://www.autonews.com/article/20160726/OEM06/160729901/mobileye-says-tesla-contract-wont-be-extended-tech-supplier-posts-76 Tue, 26 Jul 2016 10:24:00 EST Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires. AutoNews Now: FCA: Sales win streak ended in '13 http://www.autonews.com/article/20160726/VIDEO/307269923/autonews-now-fca-sales-win-streak-ended-in-13 Tue, 26 Jul 2016 00:01:00 EST FCA revises sales reporting, streak ended in '13; End near for Dart, 200?; VW buyback plan gets early OK; Report: Tesla driver speeding; Cadillac XT5 strategy; Toyota's '18 entries. How to get "Futurismo" episodes early by subscribing http://www.autonews.com/article/20160726/STATIC/160729883/how-to-get-futurismo-episodes-early-by-subscribing Tue, 26 Jul 2016 15:46:44 EST Can't wait to hear the next episode of "Futurismo"? Subscribe through a podcast app to receive episodes days in advance. Here are some options. German prosecutors widen VW emissions probe to 21 staff http://europe.autonews.com/article/20160726/ANE/160729887/german-prosecutors-widen-vw-emissions-probe-to-21-staff Tue, 26 Jul 2016 14:42:46 EST German prosecutors have widened their probe into Volkswagen Group's diesel emissions cheating, with 21 current and former staff under investigation. Porsche will create 1,400 jobs for Tesla-fighting EV http://europe.autonews.com/article/20160726/ANE/160729903/porsche-will-create-1400-jobs-for-tesla-fighting-ev Tue, 26 Jul 2016 04:34:59 EST Porsche has raised the number of jobs it will create to produce its first all-electric car to more than 1,400 from 1,000. Sonic Automotive's Q2 net income surges 54% http://www.autonews.com/article/20160726/RETAIL/160729890/sonic-automotives-q2-net-income-surges-54 Tue, 26 Jul 2016 14:11:42 EST Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell. Cars.com will buy DealerRater to create review giant http://www.autonews.com/article/20160726/RETAIL07/160729908/cars-com-will-buy-dealerrater-to-create-review-giant Tue, 26 Jul 2016 08:30:00 EST Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry. VW diesel emissions settlement approved by U.S. judge http://www.autonews.com/article/20160726/OEM/160729892/vw-diesel-emissions-settlement-approved-by-u-s-judge Tue, 26 Jul 2016 13:40:07 EST A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles. Hyundai preps hot-hatch version of Elantra for U.S. http://www.autonews.com/article/20160726/OEM04/307269999/hyundai-preps-hot-hatch-version-of-elantra-for-u-s Tue, 26 Jul 2016 11:00:00 EST Spy photos signal Hyundai's performance division is close to fielding its first production model for the U.S. The 2018 Elantra GT N features a lower profile and sportier styling than the standard compact hatchback. A case for the spare tire&'s return http://www.autonews.com/article/20160726/BLOG06/307269997/a-case-for-the-spare-tire-s-return Tue, 26 Jul 2016 11:00:00 EST Our safety may depend, legislatively, on correcting the weight-slashing, overzealousness that has eliminated spare tires from many new cars. Asbury Q2 net income falls 11% http://www.autonews.com/article/20160726/RETAIL/160729897/asbury-q2-net-income-falls-11 Tue, 26 Jul 2016 11:20:42 EST Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. 2016 Ford Focus RS: A thrilling blast with a proper handbrake, too http://www.autonews.com/article/20160726/CRITICS_CORNER/160729896/2016-ford-focus-rs-a-thrilling-blast-with-a-proper-handbrake-too Tue, 26 Jul 2016 11:28:43 EST Ford's ultra-high-performance Focus RS hatchback has finally arrived. Priced at around $40,000, it is one of the most expensive cars in its class. But auto writers are unanimous in their praise for its performance and handling. Kia helps surfer tackle waves in top campaign http://www.autonews.com/article/20160726/VIRALVIDEO/307279999/kia-helps-surfer-tackle-waves-in-top-campaign Tue, 26 Jul 2016 00:01:00 EST To hammer home the point of craftsmanship, the spot shows leather being stitched together on a steering wheel while wood grain is being carved as viewers get a glimpse of the CX-9's interior. Citroen's Tin Snail meets the end of the line http://www.autonews.com/article/20160726/CCHISTORY/160729909/citroens-tin-snail-meets-the-end-of-the-line Tue, 26 Jul 2016 11:00:00 EST Citroen's last 2CV, France's venerable 'people's car' that was nicknamed the 'Tin Snail' for its quirky design, rolls off the assembly line at the company's factory in Mangualde, Portugal, on July 27, 1990. Audi prices A4 allroad from $44,950 http://www.autonews.com/article/20160726/OEM04/160729910/audi-prices-a4-allroad-from-44950 Tue, 26 Jul 2016 09:30:00 EST When the 2017 Audi A4 allroad reaches dealership lots this fall, it will start at $44,950, including a $950 shipping charge. The A4 allroad, the second wagon in Audi's U.S. lineup, is powered by a 2. '17 Ford Raptor pricing to start at $49,520 http://www.autonews.com/article/20160726/OEM04/307269998/17-ford-raptor-pricing-to-start-at-49520 Tue, 26 Jul 2016 10:00:00 EST Pricing for the 2017 Ford F-150 Raptor SuperCab will start at $49,520, including shipping, giving Ford another opportunity to drive average transaction prices higher for the F series, the top-selling light vehicle in the U.S. First Shift: Cars.com buying DealerRater http://www.autonews.com/article/20160726/VIDEO/307269922/first-shift-cars-com-buying-dealerrater Tue, 26 Jul 2016 00:01:00 EST Cars.com buying DealerRater; Hyundai profit falls on sedan slump; 'Creating the future' is GM exec's focus; Daimler taxi deal; Porsche raises job projection. Hyundai quarterly profit slips 3%; tougher U.S. market, Brexit hit forecast http://europe.autonews.com/article/20160726/ANE/160729906/hyundai-quarterly-profit-slips-3-tougher-u-s-market-brexit-hit Tue, 26 Jul 2016 03:03:06 EST Hyundai's quarterly profit slipped 3 percent to $1.46 billion, the 10th consecutive quarterly decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the UK's Brexit vote had clouded its outlook for the EU.