11:00 am U.S. ET | Nov. 23, 2015 | UPDATED: 11/23/15 4:26 pm ET - adds interview
Chip Perry said his goal as the new CEO of TrueCar will be to win back the trust of auto dealers. Perry, 62, who helped build AutoTrader from a start-up venture into a $1 billion shopping site, was named CEO of TrueCar earlier today. He replaces Scott Painter, who announced his resignation as CEO in Augus
The EPA said at least 85,000 vehicles from Audi, Volkswagen and Porsche with 3.0-liter diesel V-6 engines contain software allegedly designed to foil emissions tests, substantially widening the number of vehicles believed to be affected by the issue.
Ford is making substantial changes to the Escape crossover, giving the exterior a more rugged, upscale look, and adding safety technology from more expensive vehicles. The 2017 Escape gets a redesigned interior and two new four-cylinder EcoBoost engines, both of which come packaged with stop-start to improve fuel efficiency.
The UAW said today that it has re-entered talks with General Motors on the terms of a tentative four-year labor contract to resolve concerns of skilled-trades workers, who voted down the deal last week despite approval from an overall majority of GM’s union employees.
A top UAW official is recommending to the union's board that it ratify a tentative four-year agreement with GM, despite a “no” vote from skilled-trades workers, according to two people familiar with the matter.
Volkswagen of America will offer $500 to owners of 2.0-liter diesel vehicles with illegal emissions test-rigging software, part of a “goodwill” package aimed at calming customers affected by the company's deception.
Cadillac's new XT5 midsize crossover is lighter and roomier than the outgoing SRX, the first of four new crossovers planned in coming years to fortify Cadillac's patchy lineup. The replacement for the SRX, Cadillac's top-selling nameplate, the 2017 XT5 will be powered by the all-new V-6 engine introduced this year in the ATS and CTS.
U.S. light-vehicle sales, behind strong truck demand, bigger deals and double-digit gains at Hyundai-Kia, GM, FCA, Ford, Toyota, Nissan and Subaru, rose 14 percent last month to 1.455 million, putting the industry on track to set an annual record in 2015. The annualized sales rate, 18.23 million, came in just above September's 18.17 million pace.
Volkswagen's emissions scandal deepened on Monday when the U.S. EPA said several additional models from the automaker, including Audi and Porsche nameplates, contained illegal software that masked higher emissions than allowed by U.S. regulations.
Fiat Chrysler Automobiles reported a net loss of $331 million in the third quarter despite a strong performance in North America and recoveries in Europe and Latin America. The loss stemmed largely from a $667 million charge to reflect the “current regulatory and recall environment.”
Three years after pulling the plug on the rotary-powered RX-8 sports car, Mazda hints it hasn't given up on the peculiar engine design that gave the brand some of its grandest successes. The company's latest concept is a low-slung sports car called the RX-Vision powered by a next-generation rotary engine called the Skyactiv-R.
Ford had its best-ever quarter in North America and more than doubled its global earnings from a year earlier as redesigns of the F-150 and other high-profit nameplates began to pay off. Ford posted third-quarter net income of $1.9 billion, up from $833 million in the same period of 2014. It earned a pretax profit of $2.7 billion in North America.
The executive who served as the face of Fiat Chrysler in its latest travails with U.S. safety regulators and Congress will retire next month. Scott Kunselman, 52, FCA's senior vice president of vehicle safety and regulatory affairs, will retire Nov. 30 after 30 years with the automaker and its corporate predecessors, the company said today.
The UAW and GM reached a tentative agreement late Sunday on a four-year labor contract just before a union-imposed midnight deadline, wrapping up a short but intense bargaining session and defusing for now any chance of a strike.
The UAW said it will pivot to General Motors for its next round of bargaining following Fiat Chrysler Automobiles workers' ratification today of a new four-year contract. The UAW "will pursue a contract for UAW-GM members in the next round of Big Three bargaining as negotiations continue at Ford," the union said in a statement.
UAW-represented workers at Fiat Chrysler Automobiles approved a new four-year agreement with the carmaker after negotiators revised a rejected, earlier deal that failed to provide a pathway for entry-level Tier 2 workers to achieve full pay. The final count was 77 percent in favor, the union said in a statement today following two days of voting.
VW Group's designated North America chief, Winfried Vahland, will leave the automaker due to differences of opinion over VW's U.S. strategy, VW's Skoda unit said today. Vahland had led Skoda since 2010.
The Fiat Chrysler executive who, until last week, was overseeing the struggling Fiat brand in North America, has resigned. Jason Stoicevich, 36, resigned Oct. 7, Automotive News has learned. An FCA spokesman confirmed the resignation, which had not been announced, this morning.
The UAW and Fiat Chrysler reached another tentative agreement on a new labor contract early this morning, averting a threatened strike that could have sent some or all of FCA's 40,000 unionized workers off the job.
Volkswagen withdrew its application for EPA certification for 2016 models with 2.0-liter diesel engines until they comply with U.S. emissions standards. Without EPA certification, the cars can't be sold, which means there could be a longer wait for certain diesel models.
The UAW notified Fiat Chrysler that it will cancel contract extensions under which 40,000 unionized workers have been working since Sept. 14 and could go on strike. The union set a “strike deadline” of 11:59 p.m. ET Wednesday, though it's unclear if a walkout would be nationwide or target select plants.
Fiat Chrysler has shuffled its North American upper management, giving more responsibility and brands to Dodge boss Tim Kuniskis and Jeep head Mike Manley. North American sales chief Reid Bigland also gets a larger role, taking over fleet sales.
Saad Chehab -- Maserati's global chief marketing officer and the creative force behind several of Fiat Chrysler's celebrated Super Bowl ads -- has resigned. Chehab, 48, resigned Sunday afternoon for personal reasons, according to a source familiar with the move.
Ford canceled a planned overtime shift this weekend at its F-150 plant in Missouri, where workers threaten to strike as soon as Sunday, and is diverting frames for the pickups to its other F-150 plant in Michigan to minimize the consequences of a work stoppage. Ford has also added mandatory overtime shifts at the Michigan factory.
Volkswagen of America finished a scandal-ridden month with roughly flat U.S. sales, defying forecasts that a mid-month halt to diesel vehicle sales and a black eye to its brand image would hammer its September results.
Fiat Chrysler Automobiles has found “significant” under-reporting of deaths and injuries possibly linked to safety defects in its vehicles, the National Highway Traffic Safety Administration said today.
Volkswagen named Porsche boss Matthias Mueller CEO and tapped Skoda chief Winfried Vahland to oversee a newly created North American business unit in a sweeping overhaul triggered by the company's diesel emissions scandal. Michael Horn, strongly defended by U.S. dealers, will remain head of VW in the United States.
Volkswagen CEO Martin Winterkorn resigned today, taking responsibility for the company's rigging of U.S. diesel emissions tests, a scandal that has widened in recent days, slashed the automaker's market value and rocked the auto industry. VW's supervisory board will consider successors at a Friday meeting.
A proposed class-action lawsuit filed today alleges that Volkswagen and a Florida dealership deceived customers about the performance of the diesel-powered vehicles at the center of the German automaker's emissions scandal.
VW and Audi sold about 482,000 diesel models with illegal emissions control software to make the cars appear cleaner in testing than they are in the real world, the EPA charged in ordering a recall of the vehicles.
Daimler AG will invest $1.3 billion at its Alabama plant to boost production of Mercedes-Benz SUVs, creating an additional 300 jobs. The expansion of the factory, which has built Mercedes vehicles since 1997, is geared toward developing the company's next generation of SUVs.
A tentative labor agreement between Fiat Chrysler and the UAW would move U.S. car production to Mexico and concentrate pickup, SUV and crossover production in the U.S., Automotive News has learned. According to sources, production of the Ram 1500 pickup would move from Warren Truck to Sterling Heights Assembly during the proposed four-year pact.
Honda, borrowing from the playbooks of Europe's top luxury compacts, has overhauled the Civic from top to bottom in a bid to re-establish its small-car chops. The redesigned Civic will offer a Christmas list of high-end features and engineering specs that are rare for its class.
The UAW has chosen Fiat Chrysler as its target to set the pattern for a contract deal before turning to GM and Ford. FCA, the most financially challenged of the Detroit 3, could become a strike target if the two sides cannot arrive at an agreement.
A broad group of automakers have agreed in principle to equip all their new vehicles with automatic emergency braking technology as a standard feature in the near future. The group includes Audi, BMW, Ford, General Motors, Mazda, Mercedes-Benz, Tesla, Toyota, Volkswagen and Volvo.
Jaguar is lowering its prices and rolling out free scheduled maintenance in the United States to remove what customers cite as key reasons consumers reject the British brand: high purchase and maintenance costs.
Fiat Chrysler has decided to keep making the Jeep Wrangler in Toledo, Ohio, move production of the Jeep Cherokee to a nearby state and build a Jeep pickup. The news comes after 11 months of uncertainty about the fate of Wrangler production in its historic home.
Monthly U.S. auto sales are expected to fall for the first time in 19 months in August, but analysts say it's a blip caused by a later-than-usual Labor Day rather than a softening of consumer demand. Still, that could be enough to halt Fiat Chrysler Automobiles' streak of consecutive year-over-year gains after 64 months.
Fiat Chrysler dealers meeting in Las Vegas on Tuesday were wowed by a parade of new products coming to their dealerships, including a Dodge Barracuda convertible and a swoopy next-generation Dodge Charger said to resemble a popular 1999 concept designed by Tom Gale.
Ford is in discussions with the UAW about bringing the Ranger midsize pickup and Bronco SUV back to the U.S. market, according to media reports and a person with knowledge of the talks. The company is considering a plan to build the vehicles at Michigan Assembly Plant near Detroit after production of the Focus and C-Max ends in 2018, the source said.
Toyota's redesigned Prius is still weeks away from its global debut, but new spy photos captured this week give the clearest look yet at the fourth-generation hybrid. Caught during a photo shoot in Malibu, Calif., the latest shots reveal the dramatic front and rear design of the 2016 Prius, set to debut in Las Vegas on Sept. 8.
After reports this week of a ruptured Takata airbag in a Volkswagen vehicle, two U.S. senators today called on Japanese airbag manufacturer Takata to immediately recall all vehicles containing the company's airbags. U.S. Sens. Richard Blumenthal and Edward Markey said their move was prompted by an incident in June, in which a Takata airbag inflator in a 2015 VW Tiguan ruptured after a collision
Dealertrack Technologies has moved to clear a regulatory impediment to its merger with Cox Automotive by agreeing to sell its inventory-management software business to DealerSocket for $55 million in cash.
Audi issued a teaser picture and some details of an all-electric SUV that it will launch to rival the upcoming Tesla Model X. The SUV will have a range of more than 310 miles and will go into production in 2018 as the brand's first volume electric car, Audi said.
Toyota said today more than 50 of its employees were injured by Wednesday night's explosions in the Chinese port of Tianjin that killed 56 people. Several other automakers including Volkswagen and Hyundai scrambled to assess damage to their cars and facilities at China's largest auto import hub.
Dean Evans, who managed the feel-good advertising at Subaru from 2011 to 2014 and pushed the automaker to concentrate more strongly on digital marketing, has been hired by Hyundai as its U.S. marketing chief.
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. In response, Ford said it will add "countermeasures" to improve crash-test performance.
TrueCar and Sonic Automotive reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement. As part of the deal, Sonic agreed to transfer to TrueCar all rights to and use of its True Price, True View and all other True-related marks. Sonic also will lift a ban on using TrueCar at its dealerships.
Mike Accavitti, vice president and general manager of Acura, has abruptly left the company and has been replaced by Jon Ikeda, American Honda Motor said. Ikeda was formerly division director of auto design at Honda's R&D Americas division and has been with Honda since 1989.
Fiat Chrysler is recalling 1.4 million vehicles to close a software loophole that allowed hackers to remotely take control of a 2014 Jeep Cherokee. The company previously only advised owners to download a software patch or take their vehicle to a dealer to have it installed.
Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company.
GM's strong second-quarter results in China seemed to allay investors' concerns that a slowdown in Chinese demand would dent the company's bottom line. The automaker posted net income of $1.1 billion last quarter, fueled by strong demand for pickups and SUVs, and higher pretax profit and margins in China.
Tesla Motors, channeling a moment from the Mel Brooks comedy “Spaceballs,” announced a $10,000 option on its newest Model S variant that runs zero to 60 in a face-stretching 2.8 seconds -- a feature Tesla calls "Ludicrous Mode." That compares with 3.2 seconds for the "Insane Mode" setting on its previous high-end model.
Chevrolet is scrapping the long-running dual stacked headlights on the freshened 2016 Silverado and giving the hot-selling pickup a mean-machine look. The 2016 model also adds a more muscular hood and a new front fascia. The changes are designed to keep the truck competitive against Ford's revamped F-150 and Fiat Chrysler's Ram 1500.
AutoNation is severing ties with TrueCar following a protracted contract dispute centered on access to customer data. AutoNation informed TrueCar executives that its dealerships would stop using the Internet vehicle shopping service at the end of July. AutoNation says 226 of its 240 U.S. stores use TrueCar.
U.S. light-vehicle sales, fueled by strong truck volume at Nissan, Fiat Chrysler, Honda and Toyota, rose 3.9 percent last month as the industry continued to climb toward one of its biggest sales years ever. The seasonally adjusted sales rate came in at 17.16 million, slightly below forecasts, and down from May's 17.78 million rate but higher than the 16.91 million pace set in June 2014.
Toyota said Julie Hamp, its first female managing officer, had resigned following her arrest last month on suspicion of illegally importing the painkiller oxycodone into Japan. Hamp, 55, notified Toyota of her intent to resign, the company said in a statement today.
Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the family's namesake carmaker. Osamu Suzuki will keep his positions as chairman and CEO.
Hyundai and the NFL jointly announced a four-year sponsorship deal today as the Korean automaker continued its push into sports marketing. The new sponsorship, which replaces General Motors, allows Hyundai to use NFL trademarks in its own advertising.
U.S. auto sales have shown no signs of weakening this month after a blowout performance in May, with forecasters projecting an industrywide gain of about 5 percent to close out the best spring in a decade.
The Alfa Romeo Giulia's most sporty version will offer more power than rival models from BMW and Mercedes-Benz because it will use Maserati's Ferrari-derived 510-hp V-6 engine. Dubbed the Giulia Quadrifoglio, the car was unveiled today at the Alfa Romeo museum near Milan.
Ford said its work on autonomous vehicles has moved into the second of three phases, shifting "from a research effort to an advanced engineering program" that brings the technology closer to production.
Kia topped all other nonpremium brands in J.D. Power and Associates' latest survey of new-vehicle quality for the first time ever, while Japanese brands fell below the industry average -- another first in the study's 29-year history.
Cox Automotive's $4 billion blockbuster acquisition of Dealertrack Technologies brings together software giants with complementary strengths and little product overlap, the CEOs of the two companies said today.
BMW's sixth-generation 7-series flagship sedan will use gee-whiz technology aimed at keeping buyers from defecting to rivals. Features include the largest head-up display in the industry, fully autonomous parking and the world's first use of gesture-recognition controls in a production car.
Johnson Controls said it is "exploring strategic options" for its automotive business -- the first step in the possible sale or spinoff of its seating and interiors units. CEO Alex Molinaroli said the company “had no specific timetable for the completion of the strategic review, which includes a full range of strategic options for the automotive business.”
On the verge of UAW negotiations, Fiat Chrysler said Al Iacobelli -- its head of North American employee relations -- is retiring and is being replaced with the HR head in Mexico. Iacobelli, 55, who has been a key driver of Chrysler's labor relations for more than a decade, “has announced his plans to retire from the company” effective immediately, FCA US said in a statement today.
Automakers and suppliers can expect tougher data requests and more frequent audits from the National Highway Traffic Safety Administration, the agency said today as it outlined a plan to prevent safety lapses similar to General Motors' ignition switch crisis of 2014.
GM has assigned Bryan Nesbitt the new global head of design for Buick amid a broader shuffling of design executives at the company. Nesbitt shot to fame when he penned Chrysler's retro-styled PT Cruiser. He joined GM in 2001.
Light-vehicle sales -- fueled by robust demand for trucks, crossovers and SUVs -- rose 1.6 percent last month, setting a May record and bucking projections for a modest decline. FCA, Honda, GM, Kia and Subaru generated gains while Ford, Nissan, Toyota and Hyundai fell as the industry enjoyed the strongest pace of sales in nearly a decade.
Fiat Chrysler Automobiles is reducing its powertrain warranty for the 2016 model year to five years or 60,000 miles from five years or 100,000 miles. The move follows a similar change in March by General Motors.
Chevrolet is giving the sixth-generation Camaro a leaner design and a broader engine lineup as it tries to challenge the revitalized Ford Mustang for pony car sales supremacy. The 2016 Camaro coupe retains the overall shape of the late 1960s-era cars, but loses some of the hard edges of today's model.
Volvo has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, the automaker said today, targeting a bigger share of the increasingly competitive North American premium market.
Fiat Chrysler, seeking to curb the industry's “dramatic” turnover rate among dealership employees, said it will offer “no-cost, no-debt” college educations to workers at participating U.S. dealerships.
Ford, which has forecast a "breakthrough year" for itself after remaking a large swath of its global lineup, today said its first-quarter net income fell 6.6 percent to $924 million as the launch of its aluminum-bodied pickup cut production.
New-vehicle sales in the United States are projected to reach the highest April level in a decade, capping the best four-month start to a year since 2001. Four forecasts -- calling for a year-over-year increase of about 5 percent to 6 percent this month -- show the industry remains on track to finish 2015 right around 17 million units, a threshold last crossed in 2001. TrueCar.
Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman on Saturday after losing a showdown with CEO Martin Winterkorn. Piech, the 78-year-old grandson of the inventor of the VW Beetle, had previously ousted other executives who crossed him, including his hand-picked successor as Volkswagen CEO, Bernd Pischetsrieder.
General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.
BMW Group, which thinks computerized headsets such as Google Glass could be the next big thing, has unveiled a prototype of goggles that turn the world into a digital display, making it easier to follow navigation directions and park in a BMW or Mini.
Opening its purse after a three-year expansion freeze, Toyota announced plans today to spend nearly $1.5 billion on a new factory in Mexico and a new line in China to support sales growth in key markets and underpin a global overhaul in the way it builds vehicles.
Ford plans to announce on Friday an investment of about $2.5 billion in Mexico, industry sources told Reuters. Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines. Another $1.2 billion is destined for a transmission plant in central Guanajuato state, the sources said.
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