Automotive News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Fri, 31 Jul 2015 06:00:00 EST Pininfarina hopes to agree sale to Mahindra but drafts stand-alone business plan http://europe.autonews.com/article/20150731/ANE/150739963/pininfarina-hopes-to-agree-sale-to-mahindra-but-drafts-stand-alone Fri, 31 Jul 2015 05:29:57 EST Pininfarina is still hoping to clinch a sale to Indian automaker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens. Honda quarterly profit rises 20% as U.S. sales, weak yen offset quality costs http://www.autonews.com/article/20150731/RETAIL01/150739964/honda-quarterly-profit-rises-20-as-u-s-sales-weak-yen-offset-quality Fri, 31 Jul 2015 04:49:28 EST Honda's quarterly profit jumped 20 percent as strong sales in the U.S. and a weak yen helped to absorb the impact of higher quality-related costs linked to a recall of cars equipped with Takata airbags. ANE's August e-magazine goes live Monday http://europe.autonews.com/article/20150731/ANE/307319999/anes-august-e-magazine-goes-live-monday Fri, 31 Jul 2015 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, August 3. BMW drivers collect $1,000 to delay charging i3 in Calif. pilot http://www.autonews.com/article/20150730/OEM05/307309897/bmw-drivers-collect-1000-to-delay-charging-i3-in-calif-pilot Thu, 30 Jul 2015 10:19:21 EST In a new pilot program, a California utility is paying drivers of BMW electric cars to delay charging their vehicles when the power grid is under pressure. Toyota holds Apple, Google at bay with Telenav navigation deal http://www.autonews.com/article/20150730/OEM06/307309899/toyota-holds-apple-google-at-bay-with-telenav-navigation-deal Thu, 30 Jul 2015 16:34:21 EST Toyota will turn to a little-known company instead of Apple or Google to provide navigation and phone connectivity, as it seeks to maintain control of the car features. Senate passes bill raising automaker fines to $105 million http://www.autonews.com/article/20150730/OEM11/150739976/senate-passes-bill-raising-automaker-fines-to-105-million Thu, 30 Jul 2015 16:29:19 EST The U.S. Senate passed legislation that will triple the maximum fines automakers pay for violations of motor-vehicle safety laws yet bypassed other measures sought by consumer groups. GM recalls 82,620 Cadillac ATS sedans over sunroof issue http://www.autonews.com/article/20150730/OEM11/150739975/gm-recalls-82620-cadillac-ats-sedans-over-sunroof-issue Thu, 30 Jul 2015 16:49:31 EST General Motors is recalling 82,620 Cadillac ATS sedans and issuing a stop sale on the vehicle for issues with the power sunroof. GM already had recalled 67,000 ATS sedans in February for the same issue. Chassix gets new board, $300M in financing http://www.autonews.com/article/20150730/OEM10/150739977/chassix-gets-new-board-300m-in-financing Thu, 30 Jul 2015 15:14:09 EST Chassix Holdings, following its successful emergence from Chapter 11 bankruptcy proceedings, has secured $300 million of exit financing and named a new board of directors. AutoNews Now: Marchionne clarifies, compliments during Q2 call http://www.autonews.com/article/20150730/VIDEO/307309999/autonews-now-marchionne-clarifies-compliments-during-q2-call Thu, 30 Jul 2015 00:01:00 EST Marchionne clarifies, compliments during Q2 call; Ford plant bomb threat; GM strike averted; limiting the CFPB's power; Amazon lands Clarkson. 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. 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. GM's OnStar app can be hacked, reseacher says http://www.autonews.com/article/20150730/OEM06/150739978/gms-onstar-app-can-be-hacked-reseacher-says Thu, 30 Jul 2015 14:33:33 EST A researcher is advising drivers to halt the use of a mobile app for General Motors' OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to remotely unlock cars and start engines. Mitsubishi Motors' April-June net falls 15% http://www.autonews.com/article/20150730/OEM/150739979/mitsubishi-motors-april-june-net-falls-15 Thu, 30 Jul 2015 13:51:36 EST Mitsubishi Motors today said its fiscal first-quarter net income fell 15 percent to 23.99 billion yen, or $195.56 million, brought down by widening losses in Japan, poor performance in Europe and a drop in global factory unit sales. 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. 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. 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. %]