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FCA says net income rises 25% to $353 million; revenue drops 2% to $31 billion


FCA Canada says it will make needed changes on sales reporting within a month

Fiat Chrysler Automobiles Canada is evaluating its monthly sales reporting system in light of changes announced July 26 by FCA in the United States that would make the company more "transparent."

Federal grand jury probes FCA's U.S. sales

Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide ...

Tesla Model 3 could generate $20 billion in annual revenue, Musk says

Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue ...

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

Porsche will create 1,400 jobs for Tesla-fighting sports car

Porsche has raised the number of jobs it will create to produce its first all-electric car to more than 1,400 from 1,000.

Tesla Model 3 could generate $20 billion in annual revenue, Musk says

Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.

U.S. report says Tesla driver speeding in fatal Autopilot crash

A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did

Federal grand jury probes FCA's U.S. sales

Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting

So sorry about your analysis

FCA US’ move to revise the methodology it has used to report U.S. sales for 30 years and restating monthly results since January 2011 is unsettling.

First Shift: Cars.com buying DealerRater

Cars.com buying DealerRater; Hyundai profit falls on sedan slump; 'Creating the future' is GM exec's focus; Daimler taxi deal; Porsche raises job projection.

'17 Ford Raptor pricing to start at $49,520

Pricing for the 2017 Ford F-150 Raptor SuperCab will start at $49,520, including shipping, giving Ford another opportunity to drive average transaction prices higher for the F series, the top-selling

Higher GM, Volvo shipments to U.S. boost Chinese vehicle exports

China's light-vehicle exports rose 13 percent in June as GM and Volvo boosted exports to North America.

VW diesel emissions settlement approved by U.S. judge

A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.

All-Terrain Technology

JLR is working on connected-car technologies that work regardless of terrain with the goal of reducing driver stress, accidents and injuries. No word yet on when these will debut.

First Shift: '17 Fords to get Apple, Android

'17 Fords to get Apple, Android; Sources: FCA sales-reporting practices uncovered in 2015 review; GM rethinks India spending; VW tries new way to name crossover; Rosekind's plea.

No auctions for this used-car manager

A pre-owned sales manager at a Buick-GMC dealership in Ohio pays staffers $200 when they find the vehicles he wants.

Toyota plans to deliver a more dynamic future

Years of planning are now bearing fruit as Toyota puts more of its vehicles on the new global modular architecture that debuted on the fourth-generation Prius for 2016.

How Honda's purchase got found out by Porsche

When Honda's Acura NSX development team bought a rival supercar, the other company took notice.

Wolfsburg allows 'American-style name' for new crossover

Hinrich Woebcken, head of the Volkswagen brand's new North American Region, says he sees early signs that headquarters in Wolfsburg is willing to give the region more autonomy.

The coming clash over MPG rules

Agencies hailed the 1,217-page draft Technical Assessment Report's findings as evidence that the industry is ahead of schedule in complying with the Obama administration's ambitious National Program

Sources: FCA found sales were inflated

An internal review ordered in mid-2015 by top Fiat Chrysler FCA US executives uncovered thousands of vehicle sales reported by FCA brands for which there was no actual buyer, according to two company

Infiniti's new product wave is rolling in now

Infiniti's new North American product campaign launches in the coming weeks with long-awaited fresh vehicles and engines.

Nissan, Toyota vie for the hearts of Texans

To grow in the U.S., Nissan needs more of Texas. But Dallas is about to become Toyota Town.

Cox shifts into 'integration mode' after shopping spree

Cox Automotive will be in “integration mode for a couple of years,” after a string of acquisitions and company launches this decade, President Sandy Schwartz said.

Nissan declares its 'year of the truck'

Nissan has declared this as its “year of the truck,” with fresh changes coming for the Titan, Armada, Pathfinder and Rogue.

Hyundai to roll out next-gen fuel cell in '18

Hyundai will use the 2018 Winter Olympics in South Korea to showcase a new next-generation fuel cell vehicle.

Redesigns due for 3 core Honda models

Honda's product onslaught continues for 2017, with the next 12 months heralding the launch of next-gen Accord, Odyssey and CR-V models, plus an expanded green footprint and wider proliferation of

Vehicle-shopping app swipes a dating idea

A new app allows shoppers to swipe through images of new and used vehicles gathered from more than 29,000 dealership sites across the U.S.

GM rides North America to record post-Chap. 11 net

General Motors, riding profitable North American retail sales, posted second-quarter net income that more than doubled to $2.87 billion, as revenue rose 11 percent to $42.37 billion.

Japan 3 chart their own courses

Japan's big three automakers have set their sights in different directions as they craft their product plans over the next few years.

Judge allows dealership discrimination suit to proceed

A lawsuit alleges that a former new-car manager made "racially inappropriate comments every day" towards an African-American car salesman.

ASKED & ANSWERED: Gill Pratt, CEO, Toyota Research Institute

Gill Pratt talks autonomous driving and about those that don't want a machine driving for them.

Lexus' sexy, sporty flagship leads the way

Several Lexus models will be moving to the TNGA platform in coming years. Meanwhile, the new RC and coming LC 500 are leading the brand's shift to a sexier and sportier vibe.

When 'Unsafe at Any Speed' sped away

Ralph Nader's landmark 1965 book on auto safety, Unsafe At Any Speed, had a very bumpy ride to the publisher.

Store expects its used-car leasing to grow

Dealer Wes Lutz took used-vehicle leasing into his own hands. He offers his customers leases on late-model used cars and trucks that, in some cases, can cut payments in half compared with purchasing

Switch to 48 volts? Not so fast

Every five years or so, you hear scuttlebutt that sometime soon a luxury car is about to replace its 12-volt electrical system with a battery capable of handling all the electronics now being

GM unveils plan to add minority dealers

GM laid out an aggressive plan at the National Association of Minority Automobile Dealers conference to add 10 minority-owned dealerships per year, net, to its retail network for the next five years.