Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sun, 1 May 2016 06:00:00 EST How PSA plans to become industry's 'most efficient' carmaker http://europe.autonews.com/article/20160501/ANE/160429911/how-psa-plans-to-become-industrys-most-efficient-carmaker Sun, 1 May 2016 00:01:00 EST PSA Group CEO Carlos Tavares has named his latest strategy Push to Pass. The racing term seems appropriate as Tavares seeks to pass rivals to become the world's most efficient automaker. VW whips up miracle view of U.S. http://www.autonews.com/article/20160501/OEM02/305029959/vw-whips-up-miracle-view-of-u-s Sun, 1 May 2016 00:01:00 EST The U.S. may be ground zero for Volkswagen's diesel scandal, but company executives proclaimed it the most important source of long-term growth for VW and said they are at work on a new brand strategy for the region. Skepticism surrounds China EV boom http://www.autonews.com/article/20160501/GLOBAL03/305029967/skepticism-surrounds-china-ev-boom Sun, 1 May 2016 00:01:00 EST No one said electrifying China's auto market would be easy. But even as automakers flood the Chinese market with new eco-models and the government pushes generous incentives, there remains much skepticism about the country's ballyhooed EV boom. More markets for U.S.-made Jeeps http://www.autonews.com/article/20160501/OEM/305029961/more-markets-for-u-s-made-jeeps Sun, 1 May 2016 00:01:00 EST Jeep's fast-growing global manufacturing footprint will not only end the brand's 'Sophie's Choice' allocation challenges, but will increase sales opportunities for top-end Jeeps made exclusively in the U.S. Mini's challenge: Growing while it shrinks http://www.autonews.com/article/20160430/RETAIL01/305029976/mini-s-challenge-growing-while-it-shrinks Sat, 30 Apr 2016 00:01:00 EST BMW's top executive for Mini, Peter Schwarzenbauer, says it will be tricky to launch a fifth nameplate that both attracts consumers and fits the brand's image. How Jaguar spells U.S. future: F-Pace http://www.autonews.com/article/20160430/RETAIL01/305029988/how-jaguar-spells-u-s-future-f-pace Sat, 30 Apr 2016 00:01:00 EST Jaguar's new F-Pace compact crossover will be the key vehicle to boosting the brand's lackluster U.S. sales, Jaguar's top U.S. executive says. Mini boss sees risks and rewards from further expanding brand http://europe.autonews.com/article/20160430/ANE/160429908/mini-boss-sees-risks-rewards-from-further-expanding-brand Sat, 30 Apr 2016 00:01:00 EST Mini sales reached a record last year, but the question is now whether the BMW Group subsidiary can push volume even higher and what models it needs in its "superheroes" lineup to help achieve this. Tesla's long waiting list for Model 3 needs a caveat http://www.autonews.com/article/20160429/BLOG06/160429789/teslas-long-waiting-list-for-model-3-needs-a-caveat Fri, 29 Apr 2016 19:04:59 EST It is certainly possible Tesla had 400,000 reservations from people who intend to buy a Model 3. But we at Automotive News had reservations of our own before CEO Elon Musk clarified the situation. Renault board reaffirms Ghosn's $8 million pay despite shareholder revolt http://europe.autonews.com/article/20160429/ANE/160429797/renault-board-reaffirms-ghosns-8-million-pay-despite-shareholder Fri, 29 Apr 2016 12:27:41 EST Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package. Fiat Chrysler and Google owner Alphabet near self-driving cars deal, reports say http://europe.autonews.com/article/20160429/ANE/160429809/fiat-chrysler-and-google-owner-alphabet-near-self-driving-cars-deal Fri, 29 Apr 2016 02:44:23 EST Fiat Chrysler and Google owner Alphabet are close to a deal on a technology partnership for self-driving cars, multiple reports said. AutoNation resumes ties with TrueCar after 2015 split http://www.autonews.com/article/20160429/RETAIL07/160429799/autonation-resumes-ties-with-truecar-after-2015-split Fri, 29 Apr 2016 11:45:00 EST AutoNation will begin using TrueCar again at 55 of its dealerships starting Saturday in what the retailer is describing as a test. The resumption of ties will reverse AutoNation's acrimonious breakup with TrueCar last July. Renault board maintains Ghosn's 2015 pay despite shareholder revolt http://www.autonews.com/article/20160429/OEM02/160429798/renault-board-maintains-ghosns-2015-pay-despite-shareholder-revolt Fri, 29 Apr 2016 12:15:30 EST Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's compensation package on Friday. Ito named CEO of Denso International America http://www.autonews.com/article/20160429/OEM02/160429791/ito-named-ceo-of-denso-international-america Fri, 29 Apr 2016 15:53:10 EST Kenichiro Ito has been named CEO of Denso International America as part of several top management changes at the Japanese auto parts supplier, the company said in a press release. Nissan will recall 3.53 million vehicles because airbags may not deploy http://www.autonews.com/article/20160429/OEM11/160429794/nissan-will-recall-3-53-million-vehicles-because-airbags-may-not Fri, 29 Apr 2016 14:50:15 EST Nissan said it is recalling 3.53 million vehicles worldwide because passenger-side airbags may not work properly because vehicle sensors may malfunction. Best test for self-driving cars? http://www.autonews.com/article/20160429/OEM06/160429793/best-test-for-self-driving-cars Fri, 29 Apr 2016 15:02:21 EST Federal safety regulators are asking automakers to help them figure out how to test self-driving cars to determine whether the vehicles are safe enough for consumers. AutoNews Now: AutoNation, TrueCar to try again http://www.autonews.com/article/20160429/VIDEO/304299949/autonews-now-autonation-truecar-to-try-again Fri, 29 Apr 2016 00:01:00 EST AutoNation, TrueCar give it another try; No price pressure from VW, Conti says; Acura marks 30 years; Gender gap persists; Cars shed leather to lose weight. Daimler appoints Deloitte to aid diesel engine probe http://www.autonews.com/article/20160429/OEM/304299903/daimler-appoints-deloitte-to-aid-diesel-engine-probe Fri, 29 Apr 2016 12:34:20 EST Daimler appointed investigators from Deloitte Touche Tohmatsu to help gather documents and e-mails on its diesel-engine emissions as part of a probe requested by the U.S. Department of Justice. FCA offers DIY Siri Eyes Free software update http://www.autonews.com/article/20160429/OEM06/160429796/fca-offers-diy-siri-eyes-free-software-update Fri, 29 Apr 2016 13:43:59 EST Fiat Chrysler released a free software package that allows owners of certain 2013-15 vehicles equipped with its Uconnect infotainment system to integrate the Apple iPhone's Siri Eyes Free feature. How to Get the Most Out of Your Service Bays http://www.autonews.com/article/20160429/WEBINAR03/304299933/how-to-get-the-most-out-of-your-service-bays Fri, 29 Apr 2016 00:01:00 EST Attend this webinar to learn strategies to improve your shop's operations. FREE Driverless cars could save lives, kill businesses http://www.autonews.com/article/20160429/OEM06/160429802/driverless-cars-could-save-lives-kill-businesses Fri, 29 Apr 2016 10:56:55 EST The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people killed each year in road accidents in America alone. Inside Google's quest to shape the rules of the driverless road http://www.autonews.com/article/20160429/OEM06/160429810/inside-googles-quest-to-shape-the-rules-of-the-driverless-road Fri, 29 Apr 2016 00:01:00 EST Google is mounting a lobbying and public-relations campaign across America to win acceptance for autonomous vehicles and to shape the rules of the driverless road. Mitsubishi Motors has cash to weather scandal, but brand reputation hurt again http://www.autonews.com/article/20160429/OEM11/160429803/mitsubishi-motors-has-cash-to-weather-scandal-but-brand-reputation Fri, 29 Apr 2016 09:30:41 EST Mitsubishi Motors' market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages. Autoliv sees annual sales growth of 7% after robust Q1 earnings http://europe.autonews.com/article/20160429/ANE/160429805/autoliv-sees-annual-sales-growth-of-7-after-robust-q1-earnings Fri, 29 Apr 2016 06:43:51 EST Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like sales this year while affirming its margin outlook. First Shift: Tesla's task: Curb warranty costs http://www.autonews.com/article/20160429/VIDEO/304299948/first-shift-teslas-task-curb-warranty-costs Fri, 29 Apr 2016 00:01:00 EST High warranty costs a challenge for Tesla; Ford to temporarily idle F-150 line, inventories near 10-year high; VW chief apologizes to Obama for scandal; The hack of a lifetime? French probe highlights gap between real-world and lab test emissions http://europe.autonews.com/article/20160429/ANE/160429807/french-probe-highlights-gap-between-real-world-and-lab-test-emissions Fri, 29 Apr 2016 04:47:50 EST French officials found that some cars they tested had higher CO2 and NOx emissions on the road than in laboratory tests but discovered no "cheat" devices. VW offers a look inside the diesel scandal #8212; and it is not pretty http://europe.autonews.com/article/20160429/ANE/160429806/vw-offers-a-look-inside-the-diesel-scandal-and-it-is-not-pretty Fri, 29 Apr 2016 05:24:47 EST Buried in VW's 400-page annual report are crucial details on the diesel-emissions scandal that investors can't afford to ignore. Continental raises margin target after Q1 profit gain http://europe.autonews.com/article/20160429/ANE/160429808/continental-raises-margin-target-after-q1-profit-gain Fri, 29 Apr 2016 04:19:54 EST Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher. Suppliers to the new Skoda Superb http://www.autonews.comhttp://europe.autonews.com/article/20160429/CUTAWAY01/160409803/suppliers-to-the-new-skoda-superb Fri, 29 Apr 2016 00:01:00 EST Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Czech Republic. Output is expected to peak at more than 75,000 units this year, according to IHS Automotive. Lightweighting push puts pressure on leather http://europe.autonews.com/article/20160429/BLOG15/160429883/lightweighting-push-puts-pressure-on-leather Fri, 29 Apr 2016 00:01:00 EST Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that makes the substitute. ANE's May e-magazine goes live Monday http://europe.autonews.com/article/20160429/ANE/304299999/anes-may-e-magazine-goes-live-monday Fri, 29 Apr 2016 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 2. This month's edition looks at how CEO Carlos Tavares plans to turn PSA Group the world's most efficient carmaker. Retailers need to see service as the hot money spot this year http://www.autonews.com/article/20160429/BLOG06/160429811/retailers-need-to-see-service-as-the-hot-money-spot-this-year Fri, 29 Apr 2016 00:01:00 EST Dealers are -- or should be -- preparing to take any sales slowdown in stride, by beefing up their service and parts operations. Customer Incentives http://www.autonews.com/article/20160428/DATACENTER/160429819/customer-incentives Thu, 28 Apr 2016 15:06:12 EST Ford profits soar on F-150 sales, Europe rebound http://www.autonews.com/article/20160428/OEM/160429830/ford-profits-soar-on-f-150-sales-europe-rebound Thu, 28 Apr 2016 07:15:00 EST Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs. Visteon reports drop in Q1 net income but gross margin rises http://www.autonews.com/article/20160428/OEM10/160429816/visteon-reports-drop-in-q1-net-income-but-gross-margin-rises Thu, 28 Apr 2016 15:31:30 EST Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million. VW CEO eyes solid 2016 growth despite crisis http://europe.autonews.com/article/20160428/ANE/160429831/vw-ceo-eyes-solid-2016-growth-despite-crisis Thu, 28 Apr 2016 07:00:00 EST VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Bosch set aside 650 million euros for legal costs in '15 http://europe.autonews.com/article/20160428/ANE/160429834/bosch-set-aside-650-million-euros-for-legal-costs-in-15 Thu, 28 Apr 2016 05:20:18 EST Bosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW. VW to pay top execs $72 million for 2015 http://europe.autonews.com/article/20160428/ANE/160429836/vw-to-pay-top-execs-72-million-for-2015 Thu, 28 Apr 2016 04:14:37 EST VW Group said it plans to pay the 12 current and former members of its management board $71.8 million for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on emissions tests. Some days, it's nice to be a Mitsubishi dealer http://www.autonews.com/article/20160428/BLOG06/160429812/some-days-its-nice-to-be-a-mitsubishi-dealer Thu, 28 Apr 2016 16:36:35 EST Facing a scandal over emissions violations, how did Mitsubishi quickly provide the kind of clarity and closure that Volkswagen dealers still yearn for? Ford will shut one F-150 line for a week over mechanical issues http://www.autonews.com/article/20160428/OEM01/160429817/ford-will-shut-one-f-150-line-for-a-week-over-mechanical-issues Thu, 28 Apr 2016 15:15:58 EST Ford is idling its F-150 assembly line in Missouri for one week in May to address mechanical issues that had been hindering the plant's output. The temporary shutdown comes as F-series inventory reaches its highest level in nearly a decade. BorgWarner Q1 adjusted earnings rise 5% http://www.autonews.com/article/20160428/OEM10/160429823/borgwarner-q1-adjusted-earnings-rise-5 Thu, 28 Apr 2016 11:19:05 EST Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income. Supplier Tower International cancels plan to sell European unit http://www.autonews.com/article/20160428/OEM10/160429813/supplier-tower-international-cancels-plan-to-sell-european-unit Thu, 28 Apr 2016 16:10:16 EST Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region. Mich. bills would make hacking electronic vehicle systems a felony, with life in prison http://www.autonews.com/article/20160428/OEM11/160429815/mich-bills-would-make-hacking-electronic-vehicle-systems-a-felony Thu, 28 Apr 2016 15:41:38 EST Hacking into an electronic vehicle system would have serious consequences under bills introduced today in the Michigan Senate: life in prison for the offender. GM China sees strong growth for luxury models and EVs http://www.autonews.com/article/20160428/GLOBAL03/160429814/gm-china-sees-strong-growth-for-luxury-models-and-evs Thu, 28 Apr 2016 15:56:41 EST Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today. AutoNews Now: FCA, Google in talks? http://www.autonews.com/article/20160428/VIDEO/304289926/autonews-now-fca-google-in-talks Thu, 28 Apr 2016 00:01:00 EST FCA reportedly near deal with Google; FCA's Chinese partner seeks way into U.S.; April U.S. sales rise expected; Ford working on 200-mile EV; Autonomous-car tech going bust with boomers. Gen Y more likely than older drivers to trust self-driving tech, study finds http://www.autonews.com/article/20160428/OEM06/160429822/gen-y-more-likely-than-older-drivers-to-trust-self-driving-tech Thu, 28 Apr 2016 13:00:00 EST More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's annual U.S. Tech Choice Study found. Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14% http://www.autonews.com/article/20160428/OEM10/160429818/densos-fiscal-year-net-falls-5-8-aisin-seikis-climbs-14 Thu, 28 Apr 2016 15:13:21 EST Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent. Ford plans EV to compete with Chevy Bolt, Tesla Model 3, Fields confirms http://www.autonews.com/article/20160428/OEM05/160429821/ford-plans-ev-to-compete-with-chevy-bolt-tesla-model-3-fields Thu, 28 Apr 2016 12:42:52 EST Ford is developing an electric vehicle that would be competitive with the Chevrolet Bolt and Tesla Model 3, CEO Mark Fields said. FCA-Google talks? Marchionne may have dropped a hint http://www.autonews.com/article/20160428/OEM06/160429820/fca-google-talks-marchionne-may-have-dropped-a-hint Thu, 28 Apr 2016 13:53:27 EST Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked about potential partnerships with nonautomotive... Auto industry must do more to close gender gap in leadership roles, report finds http://www.autonews.com/article/20160428/OEM/160429825/auto-industry-must-do-more-to-close-gender-gap-in-leadership-roles Thu, 28 Apr 2016 10:24:10 EST The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm. China's GAC looks to Fiat Chrysler to help enter U.S. http://www.autonews.com/article/20160428/GLOBAL03/160429826/chinas-gac-looks-to-fiat-chrysler-to-help-enter-u-s Thu, 28 Apr 2016 09:44:13 EST China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales.