U.S. sales expected to fall in Oct. for third straight month
U.S. new-vehicle sales are expected to decline for a third consecutive month, but the industry's selling rate could reach its highest point of the year because of the way October falls in the calendar.
Ford Q3 profit drops 56% as North America slips
CEO Mark Fields defended Ford's outlook of a “much weaker than normal” ...
Volvo raises 2016 outlook after Q3 profit rise
Volvo reported a 62 percent rise in third quarter earnings, driven by strong demand for new pricier models that have lifted both sales and profitability, and raised its full-year profit outlook.
Mazda's new CX-5 crossover continues premium push
Mazda will use the upcoming Los Angeles auto show in November to debut an all-new 2017 model of its popular CX-5 crossover, an update that is expected to continue the brand's recent push towards more
First Shift: Ford Q3 profit plunges 56%
Ford Q3 earnings plunge 56 percent; Tesla makes a profit; VW reverses loss, raises guidance; New models boost Volvo's bottom line; What's on tap at SEMA.
Audi cuts earnings outlook as VW Group scandal costs rise
Audi cut its earnings outlook and said it expects substantial additional costs triggered by parent VW Group's diesel-emissions scandal. Audi forecasts that its full-year operating margin will be
Autoliv Q3 earnings rise 21% as Europe, China offset weak U.S.
Autoliv reported a 21 percent rise in quarterly earnings as high production levels in Europe and China offset a weaker U.S. market.
Ford, Unifor make little progress in Canada contract talks, Dias says
Ford and Canadian union Unifor have yet to resolve any of the major issues pertaining to economics and investments ahead of Monday's strike deadline, union president Jerry Dias said.
AutoNews Now: Why earnings sank at Ford
Why earnings sank at Ford; Hyundai, Kia settle fuel economy claims; Nissan to invest in U.K.; Mazda CX-5 peek; Musk: 'It's the people vs. Uber.'
Superior Industries net income rises 21% in Q3
Net income at aluminum wheel supplier Superior Industries International rose 21 percent in the third quarter as a $1.1 million income tax benefit offset a slight decline in sales revenue.
VW on track to top Toyota for global sales lead
VW Group leads Toyota in global sales after nine months, putting the Japanese automaker's four-year reign as the world's largest carmaker at risk. Toyota's worldwide deliveries rose 0.4 percent to 7.
Ford idling car plant in Mich. extra two weeks on light demand
Ford said today it will idle its Wayne, Mich., car factory an extra two weeks by the end of the year to adjust supply with demand. The plant makes the light-selling Focus compact and C-Max hybrid
Ford Q3 profit drops 56% as North America slips
CEO Mark Fields defended Ford's outlook of a “much weaker than normal” second half of the year as the company reported a 56 percent decline in third-quarter net income to $957 million
Hyundai and Kia reach $41.2 million settlement with states over fuel economy claims
Hyundai and Kia agreed to a $41.2 million settlement with attorneys general from 33 states and the District of Columbia that will close the remaining investigations into the automakers' overstatement
Musk says Tesla car-share network is 'the people vs. Uber'
Elon Musk is making a populist appeal for Tesla Motors' much-hyped challenger to Uber Technologies Inc.
Nissan ad capitalizes on Star Wars with Rogue tie-in
Nissan's new Rogue One: A Star Wars Story movie marketing campaign for the facelifted 2017 Nissan Rogue is the brand's biggest campaign ever, and the most integrated across all promotional
U.S. sales expected to fall in Oct. for third straight month
U.S. new-vehicle sales are expected to decline for a third consecutive month, but the industry's selling rate could reach its highest point of the year because of the way October falls in the
Unlike Audi, Daimler focuses on Germany for EVs
Daimler's decision to build the EQ electric car and the car's battery in Germany underlines the importance of its domestic operations in the transformation to zero-emission electromobility. In
Again, Wall Street's reaction to auto earnings defies logic
Your spouse is wealthy as hell, but nutty as a loon and virtually incomprehensible. So do you leave? Frankly, that ought to be the question auto executives ask this week when it comes to the stock
Visteon Q3 net income grows to $28 million
Automotive electronics supplier Visteon today reported improved third-quarter earnings despite reduced production volumes, with net income rising to $28 million from $5 million last year.
Mercedes will build first EQ electric car in Germany
Mercedes-Benz will build the first model from its new EQ electric vehicle subbrand in the northern German city of Bremen by the end of the decade, parent Daimler said.
Ford names Laura Merling to new VP post overseeing autonomous vehicles
Ford has taken another step toward its goal of having fully autonomous vehicles on the road by 2021. The automaker today named Laura Merling, who runs a consultancy firm for the integration of
BorgWarner Q3 net income drops on one-time charges
Turbocharger and emissions systems supplier BorgWarner Inc. reported today a 47 percent decline in third-quarter net profit as one-time costs offset sales gains.
VW brand Q3 profit plunges, Porsche lifts group
VW Group said third-quarter operating profit at its core VW brand plunged more than half, adding weight to management calls for cutbacks at the automaker's biggest division.
Bob Lutz blasts Tesla, Musk, compares followers to a 'religious cult'
Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the
Spanish supplier Gestamp to invest $158.7 million into Mich. operations
Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and
Audi pilots corporate car-sharing fleet in latest mobility push
Audi of America is expanding its mobility services with a national corporate car-sharing fleet service it plans to roll out next year, the company said today. Called Audi Shared Fleet, the service is
Auto industry cyber security group hires Boeing veteran
The organization that automakers in the U.S. created to cope with cyber security threats said today it has hired a former Boeing executive as its leader.
Federal-Mogul posts Q3 gains as Icahn offer remains pending
Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a
Tesla records 2nd profit as public company
For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter. The company on Wednesday attributed the gains -- which
Audi quits Le Mans to focus on electric car racing
Audi will end its involvement in Le Mans next year after almost two decades to focus on racing electric cars. The move marks a shift in strategy as parent company Volkswagen Group battles to recover
Penske Automotive Q3 net rises 1.1% to $88.5 million
Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global
AutoNews Now: OnStar's Big Blue move
OnStar's Big Blue move; Audi pulls out of Le Mans; Subaru, Ford recalls; LG to challenge Tesla in energy storage; Mercedes powers up E class; This driverless truck's for you.
Amid industry turmoil, 'Thank God for F&I'
Front-end margins are tightening, dealership-automaker relationships are on edge, and regulators are more stringent. Amidst all that, dealers love F&I.
Hyundai net income falls 11th straight quarter as strikes cut production
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won
First Shift: Scion says 'sayonara'
Scion says 'sayonara'; Hyundai profit drops; Toyota recalls 5.8 million vehicles; Takata names ethics chief; OnStar meets IBM's Watson; Asbury's Arkansas exit; Party cars?
GM to use IBM's Watson AI software for new OnStar Go service
General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in
Subaru to recall 100,000 U.S. turbocharged vehicles for faulty pump
Subaru of America will recall about 100,000 vehicles equipped with turbocharged engines over increased risk of a fire. A faulty relay controlling the secondary air injection pump in the turbocharged
Apple said to develop car operating system in BlackBerry country
Apple has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, Calif.,
Alfa will add a Giulia wagon to boost European sales
Alfa Romeo will launch a station wagon version of its Giulia sedan in Europe late next year to help boost sales of the key model, people briefed on the matter said.
Lear Q3 net income rises 18% to $214 million
Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales reached new heights.
Toyota recalls nearly 1.5 million cars in Europe over Takata airbags
Toyota is recalling about 5.8 million cars worldwide, including 1.47 million in Europe, over potentially faulty airbag inflators made by Takata. The recall includes the Yaris and Corolla.
Nissan to stop making Mexican veteran Tsuru amid safety criticism
Nissan said today it will stop production in May of the Mexican-built Tsuru, an economical and hardy sedan beloved by taxi drivers but often sold without airbags and widely criticized for its poor
2017 Mini Cooper Countryman becomes biggest in brand history
While the next-gen 2017 Mini Cooper Countryman may have “Mini” on the hood, it’s actually the biggest vehicle in the brand’s history. Mini increased the 2017 model’s
Map provider Here forms partnership with Alibaba
Here, a major automotive provider of maps for onboard navigation systems owned by BMW, Mercedes and Audi, says it has formed a partnership with China's Alibaba to offer maps, traffic updates and
Germany's VW probe hasn't implicated leading execs, prosecutors say
German prosecutors investigating Volkswagen Group say they have a "fairly good" picture of how the diesel-cheating scandal evolved and that doesn't include any clear-cut link between the automaker's
AutoNews Now: Marchionne's profit margin mission
Marchionne's profit margin mission; Barra on autonomous cars: Safety first; VW diesel settlement gets final OK; Poor ratings for pickup-truck headlights; Benz pickup concept.
Refreshed 2017 Chevy Trax crossover gets a familiar face
The Chevy Trax has spent just a few years on sale in the U.S., but it's been largely unchanged since its global launch in 2013. That, well, changes for 2017.
The Mazda Miata and Fiat 124 Spider might point the way to a different type of platform sharing
The Fiat 124 Spider is a rare car. Not just because its U.S. sales (so far) are miniscule, but because it's better than the car that spawned it, the Mazda MX-5 Miata.
What people are saying about Lynk & CO 01
Geely Automobile's new global brand, Lynk & CO, will start sales of its first model, an SUV developed with Volvo Cars, in 2018 in Europe and the U.S. Here's a look at what people are saying about the
FCA buys 'peace on the farm' with Unifor deal, Marchionne says
The collective bargaining agreement Fiat Chrysler Automobiles signed with Unifor in early October is "relatively satisfactory" and keeps the automaker competitive in Canada, CEO Sergio Marchionne
Asbury plans to sell 4 stores in Arkansas
Asbury is getting out of Arkansas, a market which has underperformed for the company. The retailer is working on a deal to buy dealerships elsewhere that would be more profitable.