Lear Q2 net rises 10% to $312 million
Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million.
Uber lawyers should be booted after aiding cover-up, Waymo says
Waymo claims Uber had an accomplice in the theft of invaluable driverless technology trade secrets -- the ride-hailing giant’s own lawyers.
Ford profit edges up on lower tax rate
Foreign tax credits helped Ford's second-quarter net income rise 3.7 percent to $2.04 billion, but the automaker reduced its pretax profit outlook for the rest of the year amid declining U.S. sales.
Hyundai faces weak outlook as U.S., China woes persist, dent Q2 results
Hyundai posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues.
For GM and Ford, home is where the profits are
North America is increasingly where the earnings are for Detroit's biggest automakers. But that's a source of heartburn as U.S. sales stall after seven straight years of growth. Other signs of trouble have emerged: Ford's latest North American operating margin declined to 9 percent from 11.3 percent a year earlier.
U.K. to ban sales of gasoline, diesel cars starting 2040
The U.K., aiming to reduce harmful NOx emissions, is the latest European country after France to focus on electric vehicles for future transportation, dealing another blow to diesel's prospects on the continent.
BMW halts talks after Daimler disclosure over alleged collusion, report says
BMW suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German automakers to cartel authorities, Sueddeutsche Zeitung reported
Strategy review may result in legally separate entities, Daimler says
Daimler is reviewing its company structure and may legally separate some divisions if it helps to make the company more customer focused.
Daimler earnings rise as cartel allegations cloud gains
Daimler, reeling from allegations of decades-long collusion with other German automakers, reported a 15 percent jump in second-quarter profit as its Mercedes brand delivered another double-digit boost to revenue.
Musk says Facebook's Zuckerberg naive about AI
Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.
BMW's Willisch to retire Aug. 1 as Americas chief
After 21 years with BMW, including six in the U.S., Ludwig Willisch will retire as the company's Americas chief as of Aug. 1. The retirement of Willisch, 61, had been expected.
Israeli settles Mobileye insider trading case with U.S. regulators
An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel.
GM launching over-the-air updates 'before 2020,' Barra says
GM CEO Mary Barra said the company plans to launch a new electrical vehicle architecture and infotainment system capable of over-the-air updates "before 2020."
Hot hatches, cubs and profitable paw prints: What people are saying about the Jaguar E-Pace
Jaguar's F-Pace has been a quick hit with consumers in the short time the crossover has been on the market. For an encore, the automaker has added a second, smaller crossover, the E-Pace, to its lineup. Set to arrive in January 2018, the crossover will be available with either a 246- or 296-hp Ingenium 2.0-liter gas engine and standard all-wheel-drive. Here's what people are saying about the latest Jaguar.
Subaru sets modest price hike for '18 Impreza
Subaru's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model.
VW exec Oliver Schmidt expected to plead guilty in emissions cheating case
Oliver Schmidt, one of the eight VW executives charged in the automaker's diesel emissions scandal, plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said.
Tesla Model S regains top safety rating with software update, Consumer Reports says
Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds.
U.S. may revise 2021 fuel efficiency standards, freeze targets
The Transportation Department said it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025.
5 questions with Mercedes' director of r&d
Ola Kaellenius, head of r&d at Mercedes-Benz Cars, sat down with reporters at the launch of the updated S class and covered topics ranging from the return of the Mercedes inline-six to robot taxis to the coming of autonomy to the staying power of V-12s.
GM faces earnings test as several plants retool
The discipline that helped GM beat Wall Street expectations for nine consecutive quarters will be put to the test in the coming months because several of its most profitable plants will temporarily close for retooling.
Tesla buyers antsy for Model 3 keys months after $1,000 deposit
Thousands of Tesla Model 3 reservation holders are in limbo, with deposits paid but little clarity about the status of their car -- when they'll get it or what they'll pay.