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Infiniti pushes performance, technology

Infiniti boss Roland Krueger is picking his battles to grow his premium brand. His strategy? Focus on what's under the hood.

NAMAD: Prepare for decline

The National Association of Minority Automobile Dealers is taking industry ...

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Lincoln's selling an experience at the luxury mall

Lincoln has a new gambit to regain brand awareness among luxury shoppers. It's ...

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Lincoln's selling an experience at the luxury mall

Lincoln has a new gambit to regain brand awareness among luxury shoppers. It's located between a Starbucks and a spa offering a "15-minute laser and light facial."

Infiniti pushes performance, technology

Infiniti boss Roland Krueger is picking his battles to grow his premium brand. His strategy? Focus on what's under the hood.

NAMAD: Prepare for decline

The National Association of Minority Automobile Dealers is taking industry predictions of slowing new-vehicle sales seriously.

First Shift: Lower sales, profits at AutoNation

AutoNation profit drops amid lower sales; Penske, Asbury down, Group 1, Sonic, Lithia up; Mazda profit dips, Audi lowers outlook; VW fined; Mercedes pulls ad; Nissan future product.

Tesla crash does little to sway public opinion on self-driving cars

Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology.

AutoNation Q2 profit slips 2.7% on lower unit sales

AutoNation's net income dropped 2.7 percent to $112 million in the second quarter as it sold fewer vehicles and saw same-store gross profits from three of its four business operations fall.

American Axle Q2 net income rises 21%

American Axle & Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to

Daimler will build second Mercedes plant in Hungary

Daimler said it will invest $1.1 billion in a second Mercedes plant in Hungary to build front- and rear-wheel drive cars, and possibly alternative powertrain models.

New Dodge ad campaign launched with tagline 'Domestic. Not Domesticated'

Dodge is launching a new ad campaign with the tagline "Domestic. Not Domesticated." The brand, which had been running a Wieden & Kennedy campaign hearkening back to founding brothers John and Horace

Mazda profit falls on strong yen, lower N.A. sales

Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan.

Slight gains expected for July U.S. sales as analysts lower outlooks for 2016

U.S. new light-vehicle sales are forecast to rise slightly in July, helped by an extra weekend and sharply higher discounts from some automakers, amid more warnings the market is leveling off. Demand

VW 'regrets' Washington state's $176M fine for polluting diesels

VW said it regretted the state of Washington's decision to fine it $176 million over the automaker's diesel emissions violations.

Toyota Group suppliers grapple with yen's impact on profits

Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following

AutoNation expands TrueCar pilot, in latest sign of reconciliation

After getting good results in an initial pilot program, AutoNation will expand its use of TrueCar to at least 23 more dealerships. After a bitter break in 2015, the third-party lead provider could be

Tenneco boosts net income 10% in Q2

Tenneco, the suburban Chicago supplier of ride-control and emission control systems, reported net income of $86 million in the second quarter, a 10 percent increase from the year-earlier period.

Tesla mulling 2 theories to explain 'Autopilot' crash, report says

Tesla told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car's "Autopilot"

FCA safety, recall oversight extended by NHTSA for another year

NHTSA will require Fiat Chrysler Automobiles to continue meeting monthly with the agency on potential safety issues at the company for another year, extending a part of the automaker’s 2015

Audi will miss profitability goal as VW scandal, Takata hit earnings

Audi will miss its profitability target this year as costs for parent VW Group's diesel emissions scandal and possible recalls of cars fitted with Takata airbags hit earnings.

AutoNews Now: Higher July sales? Yes and no

Higher July U.S. sales? Yes and no; Ford CFO: 'The growth is over'; Report: QNX founder now core member of Apple car team; Daimler plans Hungary plant; One giant leap for cupholders?

Panasonic to raise about $3.9 billion from bonds to help fund Tesla gigafactory

Panasonic Corp., the exclusive supplier of Tesla Motors' Model 3 lithium ion batteries, said today it would raise up to 400 billion yen ($3.86 billion) in corporate bonds primarily to invest in

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.

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