Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 30 Jul 2015 06:00:00 EST Ford engine plant reopened after bomb threat http://www.autonews.com/article/20150730/OEM01/150739985/ford-engine-plant-reopened-after-bomb-threat Thu, 30 Jul 2015 10:42:57 EST Ford's engine plant in suburban Detroit was reopened this afternoon after the first shift was sent home earlier today because of a bomb threat. GM pulls back on rental fleet sales, seeks better margins http://www.autonews.com/article/20150730/RETAIL01/150739983/gm-pulls-back-on-rental-fleet-sales-seeks-better-margins Thu, 30 Jul 2015 11:44:58 EST General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms. Tech is a key for new-car marketing, study says http://www.autonews.com/article/20150730/OEM06/150739981/tech-is-a-key-for-new-car-marketing-study-says Thu, 30 Jul 2015 12:50:23 EST Targeting techies is an important marketing strategy for automakers, according to a new study from J.D. Power. The company's 2015 U.S. BorgWarner Q2 earnings fall 21% http://www.autonews.com/article/20150730/OEM10/150739986/borgwarner-q2-earnings-fall-21 Thu, 30 Jul 2015 10:29:05 EST Auto supplier BorgWarner said its second-quarter earnings and revenue were hurt by the stronger U.S. dollar and lower-than-expected sales in China and other parts of the world. Mazda's quarterly profit falls 5.4% despite strong China, U.S. sales http://www.autonews.com/article/20150730/RETAIL01/150739998/mazdas-quarterly-profit-falls-5-4-despite-strong-china-u-s-sales Thu, 30 Jul 2015 04:53:48 EST Mazda said quarterly profit fell 5.4 percent despite higher auto sales in China and the U.S. that helped cushion the blow of foreign exchange losses and costs booked for new plants in Mexico and Thailand. Uber launches car leasing unit, makes entry into financial services http://www.autonews.com/article/20150730/RETAIL/150739982/uber-launches-car-leasing-unit-makes-entry-into-financial-services Thu, 30 Jul 2015 11:56:51 EST Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time. Fiat Chrysler lifts guidance after strong second quarter http://europe.autonews.com/article/20150730/ANE/150739988/fiat-chrysler-lifts-guidance-after-strong-second-quarter Thu, 30 Jul 2015 08:51:38 EST Fiat Chrysler Automobiles raised its full-year profit guidance after better-than-expected second-quarter results on a strong performance in North America and record Jeep sales. FCA's Q2 profit rises 69% on strong NAFTA sales http://www.autonews.com/article/20150730/OEM/150739987/fcas-q2-profit-rises-69-on-strong-nafta-sales Thu, 30 Jul 2015 09:02:18 EST Fiat Chrysler Automobiles said its second-quarter net income rose 69 percent to 333 million euros ($364 million) on a strong performance in North America and record global Jeep sales. Ford F-150 aluminum repairs cost more than steel, IIHS says http://www.autonews.com/article/20150730/RETAIL05/150729842/ford-f-150-aluminum-repairs-cost-more-than-steel-iihs-says Thu, 30 Jul 2015 00:01:00 EST Tests by the Insurance Institute for Highway Safety found that repairing body damage on the aluminum-bodied 2015 Ford F-150 took longer and cost 26 percent more than on the 2014 F-150 made of steel. Amazon hires ex-Top Gear presenter Clarkson for TV series http://www.autonews.com/article/20150730/OEM02/150739984/amazon-hires-ex-top-gear-presenter-clarkson-for-tv-series Thu, 30 Jul 2015 11:02:39 EST Jeremy Clarkson, the TV presenter who was ousted as host of 'Top Gear' this year, will front a new show on Amazon.com in 2016, underscoring the online retailer's drive to push its streaming service with big-ticket names. Cuba's '50s Car Culture http://www.autonews.com/article/20150730/HOLD/307309920/cubas-50s-car-culture Thu, 30 Jul 2015 00:01:00 EST Reporter Brad Wernle offers a close-up look at Cuba's car culture. First Shift: Mixed F-150 crash-test results http://www.autonews.com/article/20150730/VIDEO/307309998/first-shift-mixed-f-150-crash-test-results Thu, 30 Jul 2015 00:01:00 EST Mixed F-150 crash-test results; Ford rejects IIHS repair findings; costs cut Mazda's profit; Delphi to buy cabling firm; Tesla's $1,000 test. France prepares to sell 5% stake in Renault http://europe.autonews.com/article/20150730/ANE/150739993/france-prepares-to-sell-5-stake-in-renault Thu, 30 Jul 2015 07:41:16 EST France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said. Audi cuts global car sales outlook on China http://europe.autonews.com/article/20150730/ANE/150739995/audi-cuts-global-car-sales-outlook-on-china Thu, 30 Jul 2015 05:57:54 EST Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014. French minister sees smoother return to Iran for Renault than PSA http://europe.autonews.com/article/20150730/ANE/150739994/french-minister-sees-smoother-return-to-iran-for-renault-than-psa Thu, 30 Jul 2015 06:47:34 EST PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks... Italy's long-term car rental sector probed by competition authority http://europe.autonews.com/article/20150730/ANE/150739997/italys-long-term-car-rental-sector-probed-by-competition-authority Thu, 30 Jul 2015 05:05:01 EST The Italian Competition Authority has launched an investigation into possible breaches of competition rules by eight long-term car rental companies. Delphi will buy UK cabling company to boost connectivity business http://europe.autonews.com/article/20150730/ANE/150739996/delphi-will-buy-uk-cabling-company-to-boost-connectivity-business Thu, 30 Jul 2015 05:29:27 EST Delphi will buy the UK cabling company HellermannTyton Group to capitalize on growing demand for cars that connect to the Internet, mobile phones and other devices. Renault profit surge fails to impress amid pricing slide http://europe.autonews.com/article/20150730/ANE/150739999/renault-profit-surge-fails-to-impress-amid-pricing-slide Thu, 30 Jul 2015 02:03:24 EST Renault's first-half profit surged on rebounding European demand but not enough to meet investor expectations from the recovery, or concerns about weaker pricing. U.S. House committee approves limit on CFPB's oversight of auto lending http://www.autonews.com/article/20150729/FINANCE_AND_INSURANCE/150729845/u-s-house-committee-approves-limit-on-cfpbs-oversight-of-auto-lending Wed, 29 Jul 2015 17:15:00 EST The U.S. House Financial Services Committee approved a bill Wednesday that would significantly limit the Consumer Financial Protection Bureau's guidance over auto lending. New test shows disparities in Ford F-150 crash protection http://www.autonews.com/article/20150729/OEM11/150729843/new-test-shows-disparities-in-ford-f-150-crash-protection Wed, 29 Jul 2015 18:00:00 EST After a follow-up test, the Insurance Institute for Highway Safety said Ford "shortchanges" some buyers of its redesigned 2015 F-150 pickups by equipping certain models with protective steel bars while leaving them off others. Penske Automotive Q2 earnings rise 29.5% http://www.autonews.com/article/20150729/RETAIL07/150729857/penske-automotive-q2-earnings-rise-29-5 Wed, 29 Jul 2015 09:06:09 EST Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments. VW says China sales may decline this year http://europe.autonews.com/article/20150729/ANE/150729855/vw-says-china-sales-may-decline-this-year Wed, 29 Jul 2015 11:19:35 EST Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market. GM ignition-switch spin battle reignites with plaintiffs' lawyer http://www.autonews.com/article/20150729/OEM11/150729862/gm-ignition-switch-spin-battle-reignites-with-plaintiffs-lawyer Wed, 29 Jul 2015 06:28:29 EST General Motors may face a renewed media campaign over what a key opponent called its 'false narrative' about recalls of cars with defective ignition switches. Average age of U.S. fleet hits record 11.5 years, IHS says http://www.autonews.com/article/20150729/RETAIL/150729861/average-age-of-u-s-fleet-hits-record-11-5-years-ihs-says Wed, 29 Jul 2015 07:00:00 EST The average age of light vehicles on the road in the U.S. reached a new all-time high of 11.5 years at the end of 2014, while the total light vehicles in operation hit a record 257.9 million, up 2.1 percent from 2013, IHS Automotive said today. VW rolls out crash avoidance with '16 lineup http://www.autonews.com/article/20150729/OEM06/150729841/vw-rolls-out-crash-avoidance-with-16-lineup Wed, 29 Jul 2015 18:00:00 EST Volkswagen, catching up to its luxury siblings, will offer sensor-based safety features across nearly its entire U.S. lineup for model year 2016. Fiat Chrysler sued in Canada following recent recalls http://www.autonews.com/article/20150729/OEM/150729840/fiat-chrysler-sued-in-canada-following-recent-recalls Wed, 29 Jul 2015 18:45:42 EST A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Tesla offers $1,000 referral incentive on Model S http://www.autonews.com/article/20150729/RETAIL/150729844/tesla-offers-1000-referral-incentive-on-model-s Wed, 29 Jul 2015 16:09:17 EST Tesla, testing the power of viral marketing to sell its EVs, will offer a word-of-mouth discount on the Model S through the end of October, with both referrer and buyer receiving $1,000. CDK sees 25 percent profit growth in 2016 http://www.autonews.com/article/20150729/OEM06/150729848/cdk-sees-25-percent-profit-growth-in-2016 Wed, 29 Jul 2015 15:37:23 EST CDK Global CEO Steve Anenen predicted that earnings at the dealership software giant would jump in its 2016 fiscal year. AutoNews Now: TrueCar, Sonic settle trademark suit http://www.autonews.com/article/20150729/VIDEO/307299999/autonews-now-truecar-sonic-settle-trademark-suit Wed, 29 Jul 2015 00:01:00 EST TrueCar, Sonic settle trademark suit; a setback for GM; Mini Cooper callback; Hyundai's DIY Android Auto install; OnStar's 1B chats; Toyota's street music. GM to invest $1 billion in India, plans to double market share by 2020 http://www.autonews.com/article/20150729/OEM01/150729860/gm-to-invest-1-billion-in-india-plans-to-double-market-share-by-2020 Wed, 29 Jul 2015 06:59:53 EST General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said today. Mini issues recall for side impact protection http://www.autonews.com/article/20150729/OEM11/150729853/mini-issues-recall-for-side-impact-protection Wed, 29 Jul 2015 11:45:42 EST Mini is recalling 30,456 Cooper and Cooper S cars in the U.S. to address poor side impact protection. TrueCar, Sonic settle trademark lawsuit http://www.autonews.com/article/20150729/RETAIL/150729850/truecar-sonic-settle-trademark-lawsuit Wed, 29 Jul 2015 15:00:00 EST TrueCar and Sonic Automotive reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement. Arbitration decision contrasts fantasy literature and legalese http://www.autonews.com/article/20150729/LEGALFILE/150729851/arbitration-decision-contrasts-fantasy-literature-and-legalese Wed, 29 Jul 2015 11:45:00 EST An arbitration provision in one deal document applies to other documents signed as part of the same transaction, including the financing agreement, the Maryland Court of Appeals has ruled in a case that contrasted fantasy literature such as J.R.R. Dealer satisfaction grows when auto lenders embrace e-contracting http://www.autonews.com/article/20150729/FINANCE_AND_INSURANCE/307299994/dealer-satisfaction-grows-when-auto-lenders-embrace-e-contracting Wed, 29 Jul 2015 12:00:00 EST Dealers like e-contracting. That's one of the key findings from the 2015 U.S. Dealer Financing Satisfaction Study by J.D. Power released this week. Another takeaway: Dealers are willing to pay lenders a premium for good service. Public retailers boost FandI profits in Q2 http://www.autonews.com/article/20150729/FINANCE_AND_INSURANCE/150729869/public-retailers-boost-fi-profits-in-q2 Wed, 29 Jul 2015 12:30:00 EST FandI profits increased at all six of the largest public new-car retailers in the second quarter. The nation's largest retailer, AutoNation, led the way with FandI revenue per new vehicle retailed of $1,528 on a same-store basis. AutoNation, Group 1 are neck and neck in FandI race http://www.autonews.com/article/20150729/BLOG13/307299995/autonation-group-1-are-neck-and-neck-in-fi-race Wed, 29 Jul 2015 12:30:00 EST AutoNation overtook former frontrunner Group 1 Automotive for the top spot among the public retailers in FandI profit per vehicle in the second quarter. Or did it? It depends on how you measure. Ally's second-quarter auto lending flat despite GM pullback http://www.autonews.com/article/20150729/FINANCE_AND_INSURANCE/307299996/allys-second-quarter-auto-lending-flat-despite-gm-pullback Wed, 29 Jul 2015 11:45:00 EST Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.8 billion, despite a sharp drop in lease originations for GM vehicles. PSA says anti-French backlash weighs on Iran talks http://europe.autonews.com/article/20150729/ANE/150729863/psa-says-anti-french-backlash-weighs-on-iran-talks Wed, 29 Jul 2015 06:20:01 EST PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Start where the customer left off http://www.autonews.com/article/20150729/FINANCE_AND_INSURANCE/150729856/start-where-the-customer-left-off Wed, 29 Jul 2015 10:06:12 EST Although most customers research products before entering the FandI office, 'traditional dealerships still want to take them through all the steps. First Shift: U.S., yen fuel Nissan profit http://www.autonews.com/article/20150729/VIDEO/307299998/first-shift-u-s-yen-fuel-nissan-profit Wed, 29 Jul 2015 00:01:00 EST U.S., yen fuel Nissan profit; Calif. dealership whacks Trump; judge cuts Jeep verdict; hope for Hyundai pickup; vehicles slowly get older. PSA reports positive H1 earnings for first time in four years http://europe.autonews.com/article/20150729/ANE/150729866/psa-reports-positive-h1-earnings-for-first-time-in-four-years Wed, 29 Jul 2015 02:33:50 EST PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold more vehicles at higher prices in its home region and in Asia. Nissan Q1 earnings jump 58% on strong U.S. sales, weak yen http://www.autonews.com/article/20150729/RETAIL01/150729864/nissan-q1-earnings-jump-58-on-strong-u-s-sales-weak-yen Wed, 29 Jul 2015 04:36:38 EST Nissan said first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in the U.S. and China as well as a weak yen which boosted the value of earnings overseas. VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows http://europe.autonews.com/article/20150729/ANE/150729865/vw-boosts-q2-profit-on-europe-recovery-but-lowers-sales-forecast-as Wed, 29 Jul 2015 03:27:43 EST Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America. Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants http://www.autonews.com/article/20150728/RETAIL07/150729867/nissan-backs-away-from-dealer-ad-attacking-trump-for-denouncing Tue, 28 Jul 2015 21:00:00 EST Nissan distanced itself from a controversial ad created by a California dealership that shows store managers whacking away at a Mexican piņata resembling Republican Party presidential candidate Donald Trump. Hyundai compact truck based on Santa Cruz concept set for approval http://www.autonews.com/article/20150728/OEM04/150729871/hyundai-compact-truck-based-on-santa-cruz-concept-set-for-approval Tue, 28 Jul 2015 15:15:00 EST Positive public reaction on the auto show circuit has reportedly helped persuade Hyundai to build the Santa Cruz truck. Mitsubishi Outlander Sport: Smaller outside, bigger inside and practical all around http://www.autonews.com/article/20150728/CRITICS_CORNER/150729875/mitsubishi-outlander-sport-smaller-outside-bigger-inside-and Tue, 28 Jul 2015 10:17:10 EST Editor's note: An earlier version of this article featured the wrong image of the Mitsubishi Outlander Sport. The Outlander Sport crossover -- some people even call it a hatchback -- has pumped new life into Mitsubishi's U.S. sales. Ford Q2 net soars 44% for strongest auto profit in 15 years http://www.autonews.com/article/20150728/OEM/150729885/ford-q2-net-soars-44-for-strongest-auto-profit-in-15-years Tue, 28 Jul 2015 07:00:00 EST Ford's second-quarter net income increased 44 percent from a year earlier to $1.9 billion, marking the best quarterly profit from its automotive business since 2000. Jeep hacking sends warning to BMW, Audi and Mercedes http://europe.autonews.com/article/20150728/ANE/150729888/jeep-hacking-sends-warning-to-bmw-audi-and-mercedes Tue, 28 Jul 2015 04:55:56 EST When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower. GM prices diesel Colorado from $31,700; towing capacity set at 7,700 pounds http://www.autonews.com/article/20150728/OEM04/150729879/gm-prices-diesel-colorado-from-31700-towing-capacity-set-at-7700 Tue, 28 Jul 2015 09:00:00 EST DETROIT -- The diesel-powered Chevrolet Colorado will be priced from about $31,700 to $38,700, including destination charge, when it debuts this fall. Jeep fuel-tank fire death verdict slashed to $40 million http://www.autonews.com/article/20150728/OEM11/150729868/jeep-fuel-tank-fire-death-verdict-slashed-to-40-million Tue, 28 Jul 2015 16:46:57 EST A judge in Georgia has reduced a $150 million award to $40 million for the family of a young boy killed when the 1999 Jeep Grand Cherokee in which he was riding was rear-ended and burst into flames, according to orders released on Tuesday. %]