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Renault board reaffirms Ghosn's $8 million pay despite shareholder revolt

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package.

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Renault board maintains Ghosn's 2015 pay despite shareholder revolt

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in ...

noimage
AutoNation resumes ties with TrueCar after 2015 split

AutoNation will begin using TrueCar again at 55 of its dealerships starting Saturday ...

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Renault board maintains Ghosn's 2015 pay despite shareholder revolt

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's compensation package on Friday.

Inside Google's quest to shape the rules of the driverless road

Google is mounting a lobbying and public-relations campaign across America to win acceptance for autonomous vehicles and to shape the rules of the driverless road. And the tech giant, one of the

Lightweighting push puts pressure on leather

Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that makes the substitute.

AutoNation resumes ties with TrueCar after 2015 split

AutoNation will begin using TrueCar again at 55 of its dealerships starting Saturday in what the retailer is describing as a test. The resumption of ties will reverse AutoNation's acrimonious breakup

Mitsubishi Motors has cash to weather scandal, but brand reputation hurt again

Mitsubishi Motors' market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should

Retailers need to see service as the hot money spot this year

Dealers are -- or should be -- preparing to take any sales slowdown in stride, by beefing up their service and parts operations.

First Shift: Tesla's task: Curb warranty costs

High warranty costs a challenge for Tesla; Ford to temporarily idle F-150 line, inventories near 10-year high; VW chief apologizes to Obama for scandal; The hack of a lifetime?

Autoliv sees annual sales growth of 7% after robust Q1 earnings

Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like

Driverless cars could save lives, kill businesses

The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people killed each year in

Continental raises margin target after Q1 profit gain

Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher.

VW open to new partnerships but not talking to Google, Apple

VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Discussions are

VW CEO eyes solid 2016 growth despite crisis

VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost

Some days, it's nice to be a Mitsubishi dealer

Facing a scandal over emissions violations, how did Mitsubishi quickly provide the kind of clarity and closure that Volkswagen dealers still yearn for?

Supplier Tower International cancels plan to sell European unit

Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region.

FCA-Google talks? Marchionne may have dropped a hint

Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked

Visteon reports drop in Q1 net income but gross margin rises

Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.

GM China sees strong growth for luxury models and EVs

Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today.

China's GAC looks to Fiat Chrysler to help enter U.S.

China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping

Ford profits soar on F-150 sales, Europe rebound

Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs.

Ford plans EV to compete with Chevy Bolt, Tesla Model 3, Fields confirms

Ford is developing an electric vehicle that would be competitive with the Chevrolet Bolt and Tesla Model 3, CEO Mark Fields said.

VW to pay top exes $71.8 million for 2015

VW Group said it plans to pay the 12 current and former members of its management board 63.24 million euros ($71.8 million) for 2015, a year when Europe's largest carmaker posted a record loss due to

Auto industry must do more to close gender gap in leadership roles, report finds

The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm.

AutoNews Now: FCA, Google in talks?

FCA reportedly near deal with Google; FCA's Chinese partner seeks way into U.S.; April U.S. sales rise expected; Ford working on 200-mile EV; Autonomous-car tech going bust with boomers.

First Shift: Ford posts record Q1 profit

F-150 helps push Ford to record Q1 profit; Fields: 'Absolutely terrific start'; Mitsubishi: No test-data problems in newer U.S. models; VW's growth outlook; JLR phone-finder app; Hyundai NFL promo.

Ford will shut one F-150 line for a week over mechanical issues

Ford is idling its F-150 assembly line in Missouri for one week in May to address mechanical issues that had been hindering the plant's output. The temporary shutdown comes as F-series inventory

Gen Y more likely than older drivers to trust self-driving tech, study finds

More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's

Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14%

Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue

Mich. bills would make hacking electronic vehicle systems a felony, with life in prison

Hacking into an electronic vehicle system would have serious consequences under bills introduced today in the Michigan Senate: life in prison for the offender.

BorgWarner Q1 adjusted earnings rise 5%

Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.

VW brand reports $144 million Q4 loss on emissions crisis

VW Group's namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted

Mitsubishi CEO, COO likely to resign over cheating, report says

Mitsubishi Motors CEO Osamu Masuko and COO Tetsuro Aikawa are likely to resign over the Japanese automaker's manipulation of fuel economy data, Japanese media reported today. The scandal has halved

Volvo announces 3 regional executive moves in U.S.

Volvo Car USA has announced three executive changes in its regional structure effective May 1.

April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 million

U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. After falling short of expectations

Icahn's Federal-Mogul returns to profitability in Q1

Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.

High warranty costs reflect Tesla's struggle with quality

Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making

VW said to hire McKinsey to address diesel scandal

VW Group has hired external advisers McKinsey & Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the

Superior Industries more than triples Q1 net income

Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.

First Shift: EPA orders Mitsubishi testing

EPA orders Mitsubishi testing, automaker delays earnings guidance; Mazda expecting profit drop; A smoking slide in VW scandal?; Barra's life lessons; Latina shoppers' viewpoint.

Bosch CEO: We did not say that Fiat is using defeat devices

Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat

Group 1 CEO says automakers need to cut production

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.

Mitsubishi says 2013-17 audit showed no U.S. testing flaws

Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United

AutoNews Now: A drop-off in drop-tops

Can Buick counter the drop-off in drop-tops?; Ford issues 5 recalls; Getting Germany to go green; Volvo to test autonomous cars in U.K.; GM plant investments; May I rent your Mini?

GM to build new engine line in Tennessee, create 800 jobs

General Motors plans to spend $789 million to prepare its Spring Hill, Tenn., plant for production of a new engine program, creating nearly 800 jobs, GM said today.

VW presentation described how to cheat emissions tests, report says

A Volkswagen PowerPoint presentation from 2006 described “in detail” how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.

Germany to introduce $4,500 subsidy for buying an EV

Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for

On F&I front, AutoNation finds a groove

Branded F&I products are working in AutoNation's favor and the nation's largest dealership group sees even more room to grow.

Mitsubishi COO denies he and CEO plan to step down

Mitsubishi Motors COO Tetsuro Aikawa today denied Japanese media reports that he and CEO Osamu Masuko plan to resign over the Japanese automaker's manipulation of fuel economy data. He added that the

Ford issues five recalls for 285,000 N.A. vehicles

Ford today issued five recalls covering a total of about 285,000 vehicles in North America for problems that include transmissions downshifting into first gear at high speeds, poor welding and tires

Automakers face deadline to challenge deposition orders in supplier price-fixing litigation

General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-

Lear net income surges 69% in Q1

Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.

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