Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier.... Read More »

Toyota makes noise with Mirai hydrogen fuel cell vehicle

10:18 am U.S. ET | April 24, 2015

For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. And the distinct whirring and intermittent clicking are unique to its hydrogen drivetrain.... Read More »

VW, BMW are top brands among Chinese auto buyers, survey says

April 24, 2015 14:30 CET

Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse.... Read More »

MIKE COLIAS

BLOG: Buick chief says new China duties won't distract from 'a lot more to do' in U.S.

6:00 am U.S. ET | April 24, 2015

In the year since he took over the Buick and GMC brands in the U.S., Duncan Aldred has made a lot of fans among dealers.... Read More »

VIDEO: First Shift: 'Unfortunate' layoff at Ford

12:01 am U.S. ET | April 24, 2015

Slow Focus, C-Max sales doom 700 jobs; Mitsu snaps N.A. loss streak; Barra on FCA partnership buzz; 'Mobilegeddon.'... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Plug-ins poised to be Europe's top electrified drivetrain

April 24, 2015 06:01 CET

Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers strive to meet tougher European CO2 rules that start to take effect in 2020.... Read More »

Skoda, unions agree on 3.5% wage hike

April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker.... Read More »

Valeo posts quarterly sales gain on Europe, China

April 24, 2015 11:56 CET

Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia.... Read More »

Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Suzuki sees Vitara as its best-seller in Europe

April 24, 2015 06:01 CET

Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream look, roomy interior and better fuel economy.... Read More »

Piech denies reports saying he wants to oust Winterkorn

April 23, 2015 13:07 CET

Volkswagen Chairman Ferdinand Piech denied reports that he is seeking to oust CEO Martin Winterkorn, a German newspaper reported, quoting Piech. Separate German media reports had said that Piech aims to push out Winterkorn ahead of the carmaker's May 5 annual shareholder meeting.... Read More »

VIDEO: First Shift: GM earnings rise in Q1

12:01 am U.S. ET | April 23, 2015

Trucks give automaker a push; Hyundai's capacity challenge; Toyota still ahead; Snyder: Insurance and car choices.... Read More »

GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.... Read More »

Renault revenue rises 14% on European upturn

April 23, 2015 17:56 CET

Renault said first-quarter revenue rose 14 percent as its improving sales in Europe helped offset plummeting demand in Russia and South America.... Read More »

Mercedes fined $56 million in China for price fixing

April 23, 2015 08:30 CET

Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker since the government started to crack down on antitrust violations last year.... Read More »

Pricing pressure in U.S., China raises fears about future auto profits

3:20 pm U.S. ET | April 23, 2015

The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits.... Read More »

Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States.... Read More »

Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers

3:40 pm U.S. ET | April 23, 2015

Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. The plant builds the Focus and C-Max, whose sales are down a combined 22 percent this year after falling 15 percent last year.... Read More »

VIDEO: AutoNews Now: Taking 'bullish' to new level

12:01 am U.S. ET | April 23, 2015

Toyota's cheeky answer to fuel-cell skeptics; GM's speedy buybacks; Piech-Winterkorn update; Musk's free labor.... Read More »

Fiat Chrysler recalls 46,000 vehicles for ignition switch, airbag issues

2:48 pm U.S. ET | April 23, 2015

Fiat Chrysler is recalling 43,874 Jeep Liberty, Jeep Wrangler and Dodge Viper models for possible ignition-switch issues and 2,408 Ram ProMaster City models for airbag problems.... Read More »

GM Financial Q1 net rises as lease volume skyrockets

2:17 pm U.S. ET | April 23, 2015

Captive finance company GM Financial had a giant increase in lease volume in the first quarter, as parent company GM switched to GM Financial as its exclusive preferred lender for Buick, Cadillac, Chevrolet and GMC subsidized leases.... Read More »

Dealerships can gain an edge with Spanish-language marketing

2:10 pm U.S. ET | April 23, 2015

Dealerships willing to advertise and post videos in Spanish face little competition reaching a growing number of Latino car buyers, said Ricky Lopez, Internet director at David Maus Toyota in Sanford, Fla.... Read More »

JESSE SNYDER

BLOG: Midsize with a four-banger or large and loaded? How auto insurance affects consumers' buying power

11:32 am U.S. ET | April 23, 2015

Want $7,700 more to spend on a new car? Move from Michigan to Maine before you insure it. That's because U.S. insurance premiums on a new vehicle vary wildly by state, according Insure.com... Read More »

First Shift: GM earnings rise in Q1

12:01 am U.S. ET | April 23, 2015

Trucks give automaker a push; Hyundai's capacity challenge; Toyota still ahead; Snyder: Insurance and car choices.... Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector.... Read More »

 
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