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Apple taps BlackBerry talent as car project takes software turn, report says

Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.

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How a Modern and Integrated Ownership Experience Can Drive Profitable Growth

Learn how your service department can better meet and exceed rising consumer ...

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Turning Wholesale Sourcing into a Competitive Advantage

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AutoNews Now: Ford's plan to battle weak Q3

How Fields plans to boost Ford profits, 'play through' stock swings; UAW's beef with Nissan; Renault trims Ghosn's bonus; Ferrari to lighten up with next-generation platform.

Apple taps BlackBerry talent as car project takes software turn, report says

Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people

Lithia's Q2 net rises 0.4% on used, service and parts gains

Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.

BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars

BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter,

VW brand Q2 profit falls 12% on emissions scandal effects

VW Group's namesake brand posted a 12 percent drop in second-quarter profit, after cost cuts and streamlining fell short amid rising costs of the company's diesel emissions-cheating crisis.

Renault first-half profit rises 41% on new models, Europe recovery

Renault's first-half operating profit jumped 41 percent to $1.7 billion, thanks to a refreshed model lineup and a rebounding European auto market.

Lear Q2 earnings rise on gains in both seating and electronics

Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income

First Shift: Ford Q2 profit falls 9%

Ford posts 9% lower profits for Q2, warns of 'very weak' 3rd quarter; Volkswagen brand plunges; GM to make more trucks; Who's No. 1?; Mercedes ad draws complaints; Honda future product.

Renault cuts Ghosn's bonus by 20 percent

Renault has cut the bonus of CEO Carlos Ghosn by 20 percent following pressure from French government, which urged the automaker to rein in Ghosn's pay after shareholders opposed his $7.92 million

Mercedes pulls ad challenged by safety groups

Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle’s driver-

Group 1's Q2 profits flat, hit by storm expenses

Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in

Visteon says it booked record $1.6 billion in new business during Q2

Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.

Wells Fargo faces U.S. probe over soldiers' car seizures, report says

Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, two people with knowledge of the probe told Bloomberg.

Ford posts 9% decline in Q2 profit, warns of challenges ahead

Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker

Penske Automotive's Q2 net slips 0.7% on currency, interest costs.

Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.

PSA unveils record first-half earnings, downplays Brexit impact

PSA unveiled record first-half profits on productivity gains and a European market rebound. The automaker said its operational margin resisted sterling's fall against the euro after the UK voted to

FCA boosts 2016 profit target as Jeep fuels Q2 rise

Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs.

Look beyond payment when structuring leases

Monthly payments have become a significant factor in customers’ financing decisions. But dealers should look beyond the monthly payment to offer customers the best lease deal.

Ferrari, Altair Product Design team up for next-gen vehicle platform

Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company’s next-generation vehicle platform.

Mercedes challenged over 'Drive Pilot' TV ad

Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability

Nissan profit declines 9% as stronger yen hits earnings

Nissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings.

NextGear Capital will finance vehicle purchases at CarMax auctions

NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8.

Mercedes plans electric heavy truck in about 5 years

Mercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors.

Could Trump expose another UAW disconnect?

UAW President Dennis Williams faces another potential headache less than a year after a contentious contract ratification process with the Detroit 3: Donald Trump.

Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study

Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th

Elon Musk says it's 'pencils down' for Tesla's Model 3

Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That

First Shift: Grand jury probes FCA sales

FCA dealers subpoenaed in sales probe; Nissan and Mitsu profits slide, FCA rises; UAW: Clinton open to NAFTA changes; Tesla-Mobileye split; Snyder: Service nirvana.

Valeo first-half profit rises 23% on intuitive driving, low-emissions tech

Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets

Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks

Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit.

UAW blasts Renault-Nissan for denying French lawmaker a meeting

The UAW criticized the Renault-Nissan Alliance after it turned down a meeting with a member of the French parliament at its Canton, Miss., plant, which the UAW hopes to unionize.

Superior Industries more than doubles Q2 net income

Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased

GM, aiming for strong 2016 finish, to hike truck output

General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said Wednesday.

Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal

Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles.

Asbury Q2 net income falls 11%

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627

A case for the spare tire’s return

Our safety may depend, legislatively, on correcting the weight-slashing, overzealousness that has eliminated spare tires from many new cars.

Porsche to skip 2017 Detroit auto show

Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles.

AutoNews Now: FCA: Sales win streak ended in '13

FCA revises sales reporting, streak ended in '13; End near for Dart, 200?; VW buyback plan gets early OK; Report: Tesla driver speeding; Cadillac XT5 strategy; Toyota's '18 entries.

Faurecia lifts 2016 profit guidance after strong first half

Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.

FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plant

Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup. The

Hyundai Q2 profit slips 2.6%; tougher U.S. market, Brexit hit forecast

Hyundai's quarterly profit slipped 2.6 percent percent to $1.46 billion, the 10th consecutive decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the U.K.'s Brexit

Clinton, if elected, plans to renegotiate NAFTA, UAW chief says

UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. The UAW

Sonic Automotive's Q2 net income surges 54%

Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.

Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits

Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.

Audi prices A4 allroad from $44,950

When the 2017 Audi A4 allroad reaches dealership lots this fall, it will start at $44,950, including a $950 shipping charge. The A4 allroad, the second wagon in Audi's U.S. lineup, is powered by a 2.

Daimler's mytaxi will merge with Hailo to take on Uber in Europe

Daimler's mytaxi said it will merge with British rival Hailo, creating Europe's largest smartphone-based taxi-hailing business.

FCA restates U.S. sales, says winning streak ended 3 years ago

Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in

Fairlane Ford dealership porter killed in parking lot incident

A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. The Dearborn Police Department said other dealership employees found the man around 7 a.m.

Cars.com will buy DealerRater to create review giant

Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the

Hyundai preps hot-hatch version of Elantra for U.S.

Spy photos signal Hyundai's performance division is close to fielding its first production model for the U.S. The 2018 Elantra GT N features a lower profile and sportier styling than the standard

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