Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 11 Feb 2016 06:00:00 EST Penske Automotive says earnings improve 4.5% in Q4; stock rises http://www.autonews.com/article/20160211/RETAIL/160219960/penske-automotive-says-earnings-improve-4-5-in-q4-stock-rises Thu, 11 Feb 2016 11:35:57 EST Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2. GM Tech Center valet who pulled gun to stop stabbing still on job http://www.autonews.com/article/20160211/OEM01/160219953/gm-tech-center-valet-who-pulled-gun-to-stop-stabbing-still-on-job Thu, 11 Feb 2016 14:15:04 EST The parking valet who stopped a stabbing at General Motors' Technical Center in Warren, Mich., on Wednesday by pulling out his concealed weapon remains employed. Toyota's TRD Pro version of Tacoma built to take on roughest terrain http://www.autonews.com/article/20160211/OEM04/160219955/toyotas-trd-pro-version-of-tacoma-built-to-take-on-roughest-terrain Thu, 11 Feb 2016 14:45:00 EST Toyota, fresh off launching the redesigned Tacoma late last year, is expanding the midsize truck's lineup with a high-performance off-road version. Toyota unveiled the Tacoma TRD Pro today at the Chicago Auto Show. AutoNews Now: Kia unveils three hybrids http://www.autonews.com/article/20160211/VIDEO/302119978/autonews-now-kia-unveils-three-hybrids Thu, 11 Feb 2016 00:01:00 EST Chicago Auto Show: Kia unveils 3 hybrids, Hyundai shows freshened Santa Fe, Peek at half-ton Titan, Ram's big entrance; New Daimler role for Kaellenius?; Slipping on cheaper oil. Daimler to name Kaellenius randd head, German paper reports http://www.autonews.com/article/20160211/OEM02/160219956/daimler-to-name-kaellenius-rd-head-german-paper-reports Thu, 11 Feb 2016 12:55:18 EST Daimler AG is about to appoint its marketing and sales head Ola Kaellenius as head of research and development, Handelsblatt reported today. Ford's LaNeve stops short of confirming Bronco's expected return http://www.autonews.com/article/20160211/OEM02/160219957/fords-laneve-stops-short-of-confirming-broncos-expected-return Thu, 11 Feb 2016 12:32:42 EST The Bronco, one of Ford's storied nameplates, seems likely to be one of the four new utility vehicles coming to the Ford lineup in the next four years. But Ford's Mark LaNeve stopped just short of confirming it today. Kia adds plug-in hybrid to Optima lineup http://www.autonews.com/article/20160211/OEM04/160209827/kia-adds-plug-in-hybrid-to-optima-lineup Thu, 11 Feb 2016 10:15:00 EST Kia today unveiled the 2017 Optima Hybrid and Optima PHEV alongside the Niro, the company's first dedicated hybrid nameplate. The new models look similar to the Optima, yet they signal the scope of Kia's ambitions. Lower-priced Sprinter van targets plumbers, electricians http://www.autonews.com/article/20160211/OEM04/160209823/lower-priced-sprinter-van-targets-plumbers-electricians Thu, 11 Feb 2016 08:30:00 EST Mercedes-Benz Vans USA is introducing a new, lower-priced Sprinter commercial van model in a bid to win over more plumbers, electricians and other tradespeople. U.S. Fleet Sales, January http://www.autonews.com/article/20160211/DATACENTER/160219954/u-s-fleet-sales-january Thu, 11 Feb 2016 13:39:45 EST Toyota confirms new crossover for Europe http://europe.autonews.com/article/20160211/ANE/160219961/toyota-confirms-new-crossover-for-europe Thu, 11 Feb 2016 11:18:15 EST Toyota confirmed it will launch a new compact SUV/crossover in Europe based on its C-HR concept. The car will be built at the automaker's factory in Turkey for European markets starting toward the end of the year. Opel will launch long-range, affordable electric car http://europe.autonews.com/article/20160211/ANE/160219977/opel-will-launch-long-range-affordable-electric-car Thu, 11 Feb 2016 04:19:48 EST GM CEO Mary Barra said Opel/Vauxhall will launch a long-range, affordable electric car called the Ampera-e in 2017. It will share the Chevrolet Bolt's underpinnings. Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line http://www.autonews.com/article/20160211/RETAIL/160219972/group-1-adjusted-earnings-fall-in-q4-brazil-hurts-bottom-line Thu, 11 Feb 2016 07:30:00 EST Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles. Kia hybrid crossover aims for Prius-like mpg http://www.autonews.com/article/20160211/OEM04/302119999/kia-hybrid-crossover-aims-for-prius-like-mpg Thu, 11 Feb 2016 10:15:00 EST With gas prices under $2 a gallon, fewer people are hunting for hybrids. But they are clamoring for crossovers, which may give Kia Motors a leg up in launching its first dedicated hybrid. Range Rover Evoque convertible is not a 'niche too far' http://europe.autonews.com/article/20160211/ANE/160219969/range-rover-evoque-convertible-is-not-a-niche-too-far Thu, 11 Feb 2016 08:54:37 EST Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the car was launched five years ago. Now wants the convertible variant to do the same in the open-top segment. One-time costs drag down BorgWarner Q4 net income http://www.autonews.com/article/20160211/OEM10/160219959/one-time-costs-drag-down-borgwarner-q4-net-income Thu, 11 Feb 2016 11:59:16 EST BorgWarner, which supplies fuel-saving turbochargers and emissions systems, reported higher adjusted earnings in the fourth quarter, but net income declined after several one-time charges. Hyundai freshens Santa Fe family amid U.S. production boost http://www.autonews.com/article/20160211/OEM04/160219978/hyundai-freshens-santa-fe-family-amid-u-s-production-boost Thu, 11 Feb 2016 12:00:00 EST As it retools its U.S. factory to build more crossovers for truck-loving Americans, Hyundai is updating the midsize Santa Fe and Santa Fe Sport. A QandA with Richfield Bloomington Honda's Tim Carter http://www.autonews.com/article/20160211/VIDEO/302119962/a-qa-with-richfield-bloomington-honda-s-tim-carter Thu, 11 Feb 2016 00:01:00 EST Nissan's half-ton Titan will have different, shorter chassis than Titan XD http://www.autonews.com/article/20160211/OEM04/160219962/nissans-half-ton-titan-will-have-different-shorter-chassis-than Thu, 11 Feb 2016 11:30:00 EST Nissan's half-ton Titan will ride on a completely different chassis than the new Titan XD, the automaker told a Chicago auto show audience today. Heated floors and more: Designing a store around service http://www.autonews.com/article/20160211/RETAIL07/160219983/heated-floors-and-more-designing-a-store-around-service Thu, 11 Feb 2016 11:00:00 EST Richfield Bloomington Honda General Manager Tim Carter and his employees helped design a new, three-story dealership next door to their current store in suburban Minneapolis. High on service: Inside the towering Richfield Bloomington Honda http://www.autonews.com/article/20160211/VIDEO/302119963/high-on-service-inside-the-towering-richfield-bloomington-honda Thu, 11 Feb 2016 00:01:00 EST General Manager Tim Carter needed more room to repair cars. So he and his crew mapped out what they needed in a new dealership. GM's rising faith in Opel http://europe.autonews.com/article/20160211/BLOG15/160209836/gms-rising-faith-in-opel Thu, 11 Feb 2016 00:01:00 EST GM CFO Chuck Stevens expects the U.S. automaker's long-struggling European arm will break even in 2016. Opel CEO Karl-Thomas Neumann is more cautious. Jaguar Land Rover sales decline in China hits parent Tata Motors' profit http://europe.autonews.com/article/20160211/ANE/160219973/jaguar-land-rover-sales-decline-in-china-hits-parent-tata-motors Thu, 11 Feb 2016 06:05:46 EST Tata Motors said net profit for its latest quarter fell by 2 percent, hit by lower Jaguar Land Rover sales in China, once the luxury unit's fastest-growing market. Daimler will invest $2.94 billion on cleaner diesels http://europe.autonews.com/article/20160211/ANE/160219967/daimler-will-invest-2-94-billion-on-cleaner-diesels Thu, 11 Feb 2016 09:21:39 EST Daimler will spend $2.94 billion by 2019 on developing next-generation diesel engines to help the automaker to meet new pollution-measuring standards. Jaguar Land Rover will build XE sports sedan in India http://europe.autonews.com/article/20160211/ANE/160219970/jaguar-land-rover-will-build-xe-sports-sedan-in-india Thu, 11 Feb 2016 08:40:08 EST Jaguar Land Rover will begin assembly of a fourth model, the Jaguar XE sedan, at its plant in Pune, India. Customer Incentives http://www.autonews.com/article/20160211/DATACENTER/160219965/customer-incentives Thu, 11 Feb 2016 09:30:54 EST North America production downtime overtime - 02/15/16 http://www.autonews.com/article/20160211/DATACENTER/160219966/north-america-production-downtime-overtime-02-15-16 Thu, 11 Feb 2016 09:24:22 EST First Shift: Nissan Armada takes luxury turn http://www.autonews.com/article/20160211/VIDEO/302119977/first-shift-nissan-armada-takes-luxury-turn Thu, 11 Feb 2016 00:01:00 EST In Chicago: Nissan Armada takes luxury turn, Ram freshens Power Wagon, Ford talks SUVs; Honda teases Civic hatchback; Opel's Bolt; Tesla Model 3 update; Hyundai brand cheapest to own. Porsche's new sales boss predicts continued growth after record 2015 http://europe.autonews.com/article/20160211/ANE/160209859/porsches-new-sales-boss-predicts-continued-growth-after-record-2015 Thu, 11 Feb 2016 00:01:00 EST Porsche easily surpassed its goal of 200,000 annual global sales last year and can now look forward to another year of worldwide growth, Detlev von Platen, the brand's new sales boss, told Automotive News Europe. Faurecia raises dividend after sales, margins climb http://europe.autonews.com/article/20160211/ANE/160219974/faurecia-raises-dividend-after-sales-margins-climb Thu, 11 Feb 2016 05:24:11 EST French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent. Ford can boost Europe profits by adding upscale Vignale SUVs http://europe.autonews.com/article/20160211/BLOG15/160209837/ford-can-boost-europe-profits-by-adding-upscale-vignale-suvs Thu, 11 Feb 2016 00:01:00 EST Ford of Europe isn't saying which models will next get its upscale Vignale trimline but the brand's two largest SUVs are the top candidates as the automaker plans to expand its Vignale variants to at least five by 2017 from just two now. Ram updates off-road offerings with freshened Power Wagon http://www.autonews.com/article/20160211/OEM04/160209825/ram-updates-off-road-offerings-with-freshened-power-wagon Thu, 11 Feb 2016 00:01:00 EST Ram is updating back-country, heavy-duty offerings for 2017 with a freshened Power Wagon trim and expanded off-road packages across its three-quarter-ton pickup lineup. Seat Ateca takes aim at booming SUV market http://europe.autonews.com/article/20160210/ANE/160219979/seat-ateca-takes-aim-at-booming-suv-market Wed, 10 Feb 2016 17:12:29 EST VW Group's Seat unit unveiled its first SUV, the Ateca, as the brand seeks to benefit from booming demand for high-riding vehicles. Will Japan's auto industry consolidate? http://www.autonews.com/article/20160210/OEM/160219991/will-japans-auto-industry-consolidate Wed, 10 Feb 2016 10:21:33 EST Japan's crowded auto industry is poised to look more like other major markets, with three or fewer carmakers left by the end of the decade. That's more than car-loving Germany or the far bigger U.S. market. Honda hints at sporty Civic hatchback http://europe.autonews.com/article/20160210/ANE/160219997/honda-hints-at-sporty-civic-hatchback Wed, 10 Feb 2016 06:29:16 EST Honda will preview its next Civic hatchback with a sporty prototype at the upcoming Geneva auto show. The five-door model will be rolled out globally next year including in the U.S. Renault will launch Koleos successor in Europe http://europe.autonews.com/article/20160210/ANE/160209839/renault-will-launch-koleos-successor-in-europe Wed, 10 Feb 2016 00:01:00 EST Renault will begin selling a replacement for its Koleos SUV in Europe next year. Unlike its platform sibling, the Nissan X-Trail, the Renault model will not offer a seven-seat version. Chevy freshens Trax as crossover competition multiplies http://www.autonews.com/article/20160210/OEM04/160209810/chevy-freshens-trax-as-crossover-competition-multiplies Wed, 10 Feb 2016 00:01:00 EST The Chevrolet Trax will get a new face and freshened interior for the 2017 model year, an effort to stay ahead of a slew of newcomers in the burgeoning market for subcompact crossovers. Nissan's Patrol platform yields a new Armada http://www.autonews.com/article/20160210/OEM04/160219985/nissans-patrol-platform-yields-a-new-armada Wed, 10 Feb 2016 19:00:00 EST The 2017 Armada will no longer share its underpinnings and Mississippi factory with the brawny Titan pickup. Tesla revenue spikes on Model S demand, but Q4 losses grow to $320M http://www.autonews.com/article/20160210/OEM05/160219980/tesla-revenue-spikes-on-model-s-demand-but-q4-losses-grow-to-320m Wed, 10 Feb 2016 16:55:54 EST Tesla set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said as it reported a net loss of $320 million, up from $108 million a year earlier. Camaro 1LE performance version will offer V-6 http://www.autonews.com/article/20160210/OEM04/160209806/camaro-1le-performance-version-will-offer-v-6 Wed, 10 Feb 2016 00:01:00 EST The Chevrolet Camaro 1LE track-ready performance model that debuts this week at the Chicago Auto Show will for the first time be offered with a V-6 engine under the hood. About 1 in 5 U.S. vehicles has open safety recall, Carfax says http://www.autonews.com/article/20160210/OEM11/160219981/about-1-in-5-u-s-vehicles-has-open-safety-recall-carfax-says Wed, 10 Feb 2016 16:21:55 EST Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. Subaru recalls 77,000 Tribecas for hood latch defect http://www.autonews.com/article/20160210/OEM11/160219982/subaru-recalls-77000-tribecas-for-hood-latch-defect Wed, 10 Feb 2016 15:58:06 EST Subaru is recalling 77,000 Tribeca SUVs from the 2006-14 model years in the U.S. for a defect that could cause the hood to unexpectedly open while driving. AutoNews Now: Hyundai targets counterfeit parts http://www.autonews.com/article/20160210/VIDEO/302109962/autonews-now-hyundai-targets-counterfeit-parts Wed, 10 Feb 2016 00:01:00 EST Hyundai targets counterfeit auto parts; VW Group of America recalls 850K; Cadillac XT5 pricing plan; GM employee stabbed; Mercedes tops Audi, BMW in January; Autonomous snow woes. Millennials: Hiring The Generation You're Selling To http://www.autonews.com/article/20160210/WEBINAR/302109938/millennials-hiring-the-generation-youre-selling-to Wed, 10 Feb 2016 00:01:00 EST 95% of dealerships have processes in place to make daily operations more efficient, but have you invested in a workforce that can use this new technology? Millennials make up half of all hires in the U.S. and 30% in retail automotive. I agree with NHTSA: E-shifters stink, but they're not defective http://www.autonews.com/article/20160210/BLOG06/160219984/i-agree-with-nhtsa-e-shifters-stink-but-theyre-not-defective Wed, 10 Feb 2016 14:07:25 EST I have something in common with the fine folks at the National Highway Traffic Safety Administration: I don't like e-shifters, either. But let's be clear. This isn't an alleged defect. Cadillac prices XT5 below rivals, but aims high http://www.autonews.com/article/20160210/OEM04/160219987/cadillac-prices-xt5-below-rivals-but-aims-high Wed, 10 Feb 2016 12:09:27 EST The new 2017 Cadillac XT5 will have a base sticker price of $39,990, including shipping, when it hits showrooms in April -- about $1,400 more than its predecessor, the SRX, but considerably less than key competitors in the luxury midsize crossover... GM Tech Center employee stabbed on campus http://www.autonews.com/article/20160210/OEM01/160219986/gm-tech-center-employee-stabbed-on-campus Wed, 10 Feb 2016 12:33:45 EST A General Motors employee was in critical condition today after she was stabbed multiple times on the campus of the automaker's Technical Center in Warren, Mich. VW, Audi, BMW recall 1.7 million U.S. cars with Takata airbags http://www.autonews.com/article/20160210/OEM11/160219994/vw-audi-bmw-recall-1-7-million-u-s-cars-with-takata-airbags Wed, 10 Feb 2016 08:27:28 EST The Volkswagen Group of America is recalling about 850,000 vehicles due to potentially faulty airbags made by Japanese supplier Takata -- the company at the center of a long-running global safety crisis. GM ignition-switch deal will not be reviewed, U.S. judge rules http://www.autonews.com/article/20160210/OEM11/160219989/gm-ignition-switch-deal-will-not-be-reviewed-u-s-judge-rules Wed, 10 Feb 2016 11:29:47 EST A U.S. judge today rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition-switch defect that prompted GM to recall 2.6 million vehicles. When a client dies, lender can make or break trust http://www.autonews.com/article/20160210/BLOG13/302109997/when-a-client-dies-lender-can-make-or-break-trust Wed, 10 Feb 2016 11:00:00 EST A consumer's death during his or her lease term isn't a common occurrence, but how the lender responds to the needs of the consumer's family members makes a lasting impression. CU Direct's network ranks third, again, in auto-loan originations http://www.autonews.com/article/20160210/FINANCE_AND_INSURANCE/302109998/cu-directs-network-ranks-third-again-in-auto-loan-originations Wed, 10 Feb 2016 11:00:00 EST Credit unions on CU Direct's lending network originated a record 1.06 million auto loans in 2015, up 13 percent. %]