Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 5 Mar 2015 06:00:00 EST Loan amounts, payments reach new highs http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/303049956/loan-amounts-payments-reach-new-highs Wed, 4 Mar 2015 11:00:00 EST The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3.5 percent, from the year-earlier quarter and a rise of $582, or 2. U.S. light-vehicle fuel economy slips 0.2 mpg in February, report says http://www.autonews.com/article/20150304/RETAIL/150309906/u-s-light-vehicle-fuel-economy-slips-0-2-mpg-in-february-report-says Wed, 4 Mar 2015 15:47:22 EST The average fuel economy of light vehicles sold in the U.S. decreased 0. BMW CEO Reithofer sees challenges mounting for his successor http://europe.autonews.com/article/20150304/ANE/150309907/bmw-ceo-reithofer-sees-challenges-mounting-for-his-successor Wed, 4 Mar 2015 15:46:33 EST The new boss of BMW Group, Harald Krueger, will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, the company's outgoing CEO, Norbert... NHTSA expands Ford Fiesta door-latch probe to 2013 Fusion, Lincoln MKZ http://www.autonews.com/article/20150304/OEM11/150309908/nhtsa-expands-ford-fiesta-door-latch-probe-to-2013-fusion-lincoln-mkz Wed, 4 Mar 2015 15:37:15 EST The National Highway Traffic Safety Administration is expanding a September investigation of door-latch failure in the 2011-13 Ford Fiesta to include the 2013 Fusion and Lincoln MKZ. AutoNation's 8% sales gain beats market for Feb. http://www.autonews.com/article/20150304/RETAIL01/150309917/autonations-8-sales-gain-beats-market-for-feb Wed, 4 Mar 2015 11:14:47 EST AutoNation said its new-vehicle retail sales jumped 8 percent in February compared to a year earlier, reaching 23,780 new units. AutoNews Now: A cool take on Feb. sales http://www.autonews.com/article/20150304/VIDEO/303049999/autonews-now-a-cool-take-on-feb-sales Wed, 4 Mar 2015 00:01:00 EST Snyder on snow, luxury war and road to 17M; Malibu tease; 124 Spider comeback; Audi spoofs 'Birds'; another CNG Ram. Ram will expand lineup of CNG-powered trucks http://www.autonews.com/article/20150304/OEM05/150309913/ram-will-expand-lineup-of-cng-powered-trucks Wed, 4 Mar 2015 13:11:55 EST Fiat Chrysler is expanding the availability of compressed natural gas on its heavy duty Ram pickup. The CNG-fueled truck, originally engineered for fleet operators, is available now only in a four-door crew cab, four-wheel-drive and long-bed model. Jeep ramps up dealers in China as production commences http://www.autonews.com/article/20150304/GLOBAL03/150309909/jeep-ramps-up-dealers-in-china-as-production-commences Wed, 4 Mar 2015 14:14:52 EST Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said. Fiat brand will never again be a mass-market player in Europe, Marchionne says http://europe.autonews.com/article/20150304/ANE/150309912/fiat-brand-will-never-again-be-a-mass-market-player-in-europe Wed, 4 Mar 2015 13:42:24 EST The Fiat brand will never again be the mass-market brand it once was in Europe as it places strategic emphasis on profit and brand discipline, Fiat Chrysler CEO Sergio Marchionne said. ZF-TRW deal to be approved by EU regulators, report says http://www.autonews.com/article/20150304/OEM10/150309911/zf-trw-deal-to-be-approved-by-eu-regulators-report-says Wed, 4 Mar 2015 13:48:22 EST EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today. Chevy Bolt EV variant may be sold as an Opel in Europe, sources say http://europe.autonews.com/article/20150304/ANE/150309914/chevy-bolt-ev-variant-may-be-sold-as-an-opel-in-europe-sources-say Wed, 4 Mar 2015 13:08:15 EST General Motors may sell a version of the Chevrolet Bolt electric car in Europe as an Opel/Vauxhall model, company sources said. BYD heralds its vehicle sales in Japan http://www.autonews.com/article/20150304/BLOG06/150309915/byd-heralds-its-vehicle-sales-in-japan Wed, 4 Mar 2015 13:04:30 EST Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan's auto market? America, land of big spaces, spurs Hyundai Tucson redesign http://www.autonews.com/article/20150304/BLOG06/150309932/america-land-of-big-spaces-spurs-hyundai-tucson-redesign Wed, 4 Mar 2015 00:01:00 EST How do you design a crossover with a name evoking the old West -- that cowboy, cactus, rugged desert terrain ethos? Audi R8 e-tron signals shift by German automakers to high-end EVs http://europe.autonews.com/article/20150304/ANE/150309921/audi-r8-e-tron-signals-shift-by-german-automakers-to-high-end-evs Wed, 4 Mar 2015 10:12:01 EST German carmakers are shifting their focus towards high-end electric vehicles such as the Audi R8 e-tron and away from cheaper city cars in an effort to revive environmentally-friendly but unpopular zero-emission vehicles. Online retail tools are changing FandI jobs, work force analyst says http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/150309926/online-retail-tools-are-changing-fi-jobs-work-force-analyst-says Wed, 4 Mar 2015 11:00:00 EST The neat organization of dealership FandI departments isn't so neat anymore. And industry researchers believe online retail is the reason why. The auto fallout from tax refund delays http://www.autonews.com/article/20150304/BLOG13/303059999/the-auto-fallout-from-tax-refund-delays Wed, 4 Mar 2015 11:45:00 EST Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago. Next Malibu tackles weight, space challenges http://www.autonews.com/article/20150304/OEM04/150309922/next-malibu-tackles-weight-space-challenges Wed, 4 Mar 2015 09:49:19 EST The next-generation Chevrolet Malibu will have more interior space and weigh 300 pounds less than the current car, General Motors said today. Millennials coming on stream in auto loans, leases http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/303049955/millennials-coming-on-stream-in-auto-loans-leases Wed, 4 Mar 2015 11:00:00 EST Millennials get a bum rap as being less interested in driving and cars -- and in auto finance -- than previous generations, TransUnion says in a new study. Toyota Financial explores how to improve e-commerce http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/303049957/toyota-financial-explores-how-to-improve-e-commerce Wed, 4 Mar 2015 11:00:00 EST As more shoppers turn to e-commerce as part of buying a car, Toyota Financial Services is turning to its U.S. dealers to find ways to improve its digital offerings. Ford warning shows Britain must stay in EU, UK lawmaker says http://europe.autonews.com/article/20150304/ANE/150309920/ford-warning-shows-britain-must-stay-in-eu-uk-lawmaker-says Wed, 4 Mar 2015 10:23:40 EST Ford of Europe CEO Jim Farley said the UK needs to stay in the EU to keep its manufacturers at the forefront of global production. "We really believe that the UK being part of the EU is critical for business," Farley said in a radio interview. Santander Consumer USA to pay $9.35 million settlement over military repos http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/303059996/santander-consumer-usa-to-pay-9-35-million-settlement-over-military Wed, 4 Mar 2015 00:01:00 EST Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justice said. Allow customers time to ponder http://www.autonews.com/article/20150304/FINANCE_AND_INSURANCE/150309918/allow-customers-time-to-ponder Wed, 4 Mar 2015 11:08:56 EST Customers sometimes need to go home and think, and that's OK, says Brandon Wood, finance manager at Van Bortel Ford in East Rochester, N.Y. Toyota promotes Europe CEO Leroy to new global role http://europe.autonews.com/article/20150304/ANE/150309931/toyota-promotes-europe-ceo-leroy-to-new-global-role Wed, 4 Mar 2015 03:55:55 EST Toyota will add Europe boss Didier Leroy to its board and promote him to global head of business in developed countries in a wider management shuffle. Johan van Zyl, currently CEO of Toyota's Africa region, will become Europe chief. Audi spreads wireless connectivity to nearly all 2016 models http://www.autonews.com/article/20150304/OEM06/150309919/audi-spreads-wireless-connectivity-to-nearly-all-2016-models Wed, 4 Mar 2015 10:53:01 EST Audi said it plans to equip nearly all of its 2016 model-year vehicles with 4G LTE or 3G high-speed data connectivity to give drivers Wi-Fi access from the road. Fiat's Mazda-based roadster will be called the 124 Spider http://europe.autonews.com/article/20150304/ANE/150309927/fiats-mazda-based-roadster-will-be-called-the-124-spider Wed, 4 Mar 2015 08:24:26 EST Fiat Chrysler CEO Sergio Marchionne revealed that Fiat will call its new Mazda-based roadster the 124 Spider, reviving a name from the 1960s. The roadster will be based on the Miata MX-5. AvtoVAZ raises Lada prices again on weak ruble http://europe.autonews.com/article/20150304/ANE/150309923/avtovaz-raises-lada-prices-again-on-weak-ruble Wed, 4 Mar 2015 09:21:57 EST Russian automaker AvtoVAZ has raised the prices of its Lada cars for the second time this year because of the weaker ruble. The automaker said prices rose by 4.8 percent on average after an increase of around 9 percent in January this year. First Shift: February winners, losers http://www.autonews.com/article/20150304/VIDEO/303049998/first-shift-february-winners-losers Wed, 4 Mar 2015 00:01:00 EST Nissan advances in weather-beaten month; Toyota diversifies leadership; Sprinter van plan?; watching Apple, Google. Leroy's Toyota Europe success brings reward http://europe.autonews.com/article/20150304/BLOG15/150309930/leroys-toyota-europe-success-brings-reward Wed, 4 Mar 2015 06:34:41 EST When Didier Leroy was promoted to head Toyota's European operations in April 2011, his goal was to return the region to sustainable profitability. Apple explores resolution of A123 Systems' poaching suit http://www.autonews.com/article/20150304/OEM10/150309929/apple-explores-resolution-of-a123-systems-poaching-suit Wed, 4 Mar 2015 06:59:12 EST Apple said it's exploring a potential resolution of a lawsuit in which it's accused of poaching employees from a lithium ion battery maker amid reports that it's trying to develop an electric car. Lamborghini CEO takes aim at another sales record http://europe.autonews.com/article/20150304/ANE/150229957/lamborghini-ceo-takes-aim-at-another-sales-record Wed, 4 Mar 2015 00:30:00 EST Lamborghini CEO Stephan Winkelmann is bullish about the supercar maker's future after setting a new sales record last year and entering 2015 with a "solid order book." PSA may expand sales of Citroen C4 Cactus to China http://europe.autonews.com/article/20150304/ANE/150309944/psa-may-expand-sales-of-citroen-c4-cactus-to-china Wed, 4 Mar 2015 00:01:00 EST PSA may expand sales of its Citroen C4 Cactus to China in a sign that a repositioning of the brand is bearing fruit. Sales of the hatchback have topped 50,000, beating expectations. U.S. sales rise 5.3% as wintry weather takes toll http://www.autonews.com/article/20150303/RETAIL01/150309968/u-s-sales-rise-5-3-as-wintry-weather-takes-toll Tue, 3 Mar 2015 08:00:00 EST Toyota and Subaru joined a handful of smaller automakers in posting double-digit U.S. sales increases for February as severe winter weather crimped demand more than analysts had forecast. AutoNews Now: Toyota soars, Ford slips in Feb. http://www.autonews.com/article/20150303/VIDEO/303039950/autonews-now-toyota-soars-ford-slips-in-feb Tue, 3 Mar 2015 00:01:00 EST GM, FCA, Honda also see U.S. sales gains as industry misses forecast; Lexus, Mini reveals; Takata's unchanged view. Automotive News SAAR - 2015 http://www.autonews.com/article/20150303/DATACENTER/150309934/automotive-news-saar-2015 Tue, 3 Mar 2015 17:13:47 EST andnbsp;CarLt TruckSAARJanuary U.S. car sales, Feb. and YTD http://www.autonews.com/article/20150303/DATACENTER/150309936/u-s-car-sales-feb-ytd Tue, 3 Mar 2015 17:11:41 EST andnbsp;Feb. 2015Feb. 2014% change2 mos. 20152 mos. U.S. total vehicle sales by make, Feb. and YTD http://www.autonews.com/article/20150303/DATACENTER/150309937/u-s-total-vehicle-sales-by-make-feb-ytd Tue, 3 Mar 2015 17:09:16 EST andnbsp;Total 2015Total 20142015 Total Share2014 Total SharePoint... U.S. light-vehicle sales by nameplate, Feb. and YTD http://www.autonews.com/article/20150303/DATACENTER/150309935/u-s-light-vehicle-sales-by-nameplate-feb-ytd Tue, 3 Mar 2015 17:11:54 EST andnbsp;Feb. 2015Feb. 2014% change2 mos. 20152 mos. U.S. light-truck sales, Feb. and YTD http://www.autonews.com/article/20150303/DATACENTER/150309938/u-s-light-truck-sales-feb-ytd Tue, 3 Mar 2015 17:06:41 EST andnbsp;Feb. 2015Feb. 2014% change2 mos. 20152 mos. First Shift: Marchionne's big mystery http://www.autonews.com/article/20150303/VIDEO/303039949/first-shift-marchionnes-big-mystery Tue, 3 Mar 2015 00:01:00 EST FCA head has tie-up in mind - but not with VW; Ford, Hyundai, Infiniti debuts; Toyota Venza exit; ultra-luxury boom. Lexus reveals potential Mini fighter http://europe.autonews.com/article/20150303/ANE/150309951/lexus-reveals-potential-mini-fighter Tue, 3 Mar 2015 08:55:44 EST Lexus revealed the aggressively styled LF-SA subcompact concept at the Geneva auto show that, if built, would compete against the Mini hatchback and Audi A1. Opel/Vauxhall touts connectivity as OnStar rolls out in Europe http://europe.autonews.com/article/20150303/ANE/150309945/opel-vauxhall-touts-connectivity-as-onstar-rolls-out-in-europe Tue, 3 Mar 2015 12:43:55 EST Opel/Vauxhall believes its OnStar digital service will help it win new customers, boost sales and return to profit after it begins to roll out the service in 13 European markets including Germany, the UK, France, Italy and Spain. Daimler to build Sprinter vans in South Carolina, lawmaker says http://www.autonews.com/article/20150303/OEM01/150309933/daimler-to-build-sprinter-vans-in-south-carolina-lawmaker-says Tue, 3 Mar 2015 20:29:54 EST Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday. Fiat Chrysler may sell more than 10% of Ferrari in New York IPO http://www.autonews.com/article/20150303/OEM02/150309939/fiat-chrysler-may-sell-more-than-10-of-ferrari-in-new-york-ipo Tue, 3 Mar 2015 16:57:34 EST Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer. Fiat Chrysler rises 6% on SUV, pickup, Chrysler 200 demand http://www.autonews.com/article/20150303/RETAIL01/150309967/fiat-chrysler-rises-6-on-suv-pickup-chrysler-200-demand Tue, 3 Mar 2015 10:00:00 EST Strong sales of Jeeps, Ram pickups and the Chrysler 200 pushed Fiat Chrysler sales up 5.6 percent in February. FCA US reported sales of 163,586 vehicles in February, its 59th consecutive month of year-over-year sales increases in the United States. Hyundai-Kia ride Sonata, Genesis to 7% gain http://www.autonews.com/article/20150303/RETAIL01/150309962/hyundai-kia-ride-sonata-genesis-to-7-gain Tue, 3 Mar 2015 16:00:00 EST Korean siblings Hyundai and Kia, which combined are the seventh-largest seller of cars in the U.S., posted a 7 percent sales increase in February, giving the group a better result than any top-six automaker except Toyota. Lexus jumps back into U.S. luxury race; BMW tops Mercedes http://www.autonews.com/article/20150303/RETAIL/150309940/lexus-jumps-back-into-u-s-luxury-race-bmw-tops-mercedes Tue, 3 Mar 2015 15:39:01 EST With a new entry in the hot-selling compact crossover segment, Toyota's Lexus brand has gotten itself back in the hunt for the U.S. luxury auto-sales crown. Crossover sales help lift Toyota above Ford http://www.autonews.com/article/20150303/RETAIL01/303039902/crossover-sales-help-lift-toyota-above-ford Tue, 3 Mar 2015 12:00:00 EST Powered by strong performances in cars, minivans and trucks, Toyota pulled off a rare feat in February: It outsold the perennial No. 2 in the U.S. market, Ford. Toyota's three U.S. Fiat Chrysler Canadian sales top Ford in February; GM, Toyota rise http://www.autonews.com/article/20150303/RETAIL/150309942/fiat-chrysler-canadian-sales-top-ford-in-february-gm-toyota-rise Tue, 3 Mar 2015 14:14:40 EST Fiat Chrysler Automobiles topped February sales in Canada, handily beating Ford, which posted lower car and truck sales, according to company sales data. Ford slips 2% on soft car performance, tight F-150 supplies http://www.autonews.com/article/20150303/RETAIL01/150309966/ford-slips-2-on-soft-car-performance-tight-f-150-supplies Tue, 3 Mar 2015 12:00:00 EST Ford posted its eighth US sales decline in the past 14 months, allowing Toyota Motor Sales to overtake it for the first time in six months. VW, Porsche hit by weather, port troubles, but Audi extends streak http://www.autonews.com/article/20150303/RETAIL01/150309963/vw-porsche-hit-by-weather-port-troubles-but-audi-extends-streak Tue, 3 Mar 2015 14:00:00 EST What looked like a hint of a sales rebound at Volkswagen evaporated in February, as every model except its red-hot Golf lineup posted lower sales. %]