NADA expects interest rates to hold through summer, boosting auto sales

7:21 am U.S. ET | March 31, 2015

The National Automobile Dealers Association predicts the Federal Reserve will hold off on raising interest rates through the summer, giving vehicle sales a boost that can offset slow economic growth in the start of the year.... Read More »

PSA CEO Tavares dampens talk of Fiat Chrysler merger

March 31, 2015 11:48 CET

PSA/Peugeot-Citroen will only be ready for a possible merger after it has completed its recovery plan, CEO Carlos Tavares told a newspaper, dampening speculation of a potential tie-up with Fiat Chrysler.... Read More »

Mercedes pickup will be built by Nissan, report says

March 31, 2015 06:01 CET

Daimler declined to comment on a report that its first Mercedes pickup will be based on the Nissan Navara and built by the Japanese automaker.... Read More »

Honda will upgrade UK plant, move CR-V production to Canada

March 31, 2015 10:30 CET

Honda will upgrade its UK factory to turn it into a global production hub for the next-generation Civic compact car. The automaker will also transfer production of its European-market CR-V crossover from the UK to Canada.... Read More »

Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA.... Read More »

Hyundai names sales veteran Schmid as No. 2 in Europe

March 31, 2015 11:21 CET

Hyundai has promoted Thomas Schmid to chief operating officer in Europe. He succeeds Allan Rushforth, who quit the automaker last October to become Nissan's global sales chief.... Read More »

VW halts output for 3 weeks at Brazil plant, union says

March 30, 2015 19:14 CET

Volkswagen has halted production at its second-largest factory in Brazil for three weeks, a local union said, as a steep decline in demand forces carmakers to manage excess capacity. VW is one of many automakers working to cut costs in the country, where sales and output are down more than 20 percent in the first two months.... Read More »

Consumers cry out for better dealership experience

7:00 pm U.S. ET | March 30, 2015

Nearly nine in 10 consumers say they wouldn't buy a car without test driving it first. But a substantial majority -- 70 percent -- would like to be able to test drive multiple vehicles across brands at a single location, without the pressure of a salesperson riding with them, a study of car-buying preferences found.... Read More »

NHTSA would get stop-sale power under U.S. bill

2:59 pm U.S. ET | March 30, 2015

The National Highway Traffic Safety Administration would be able to order automakers to cease the sale of vehicles with dangerous safety defects under the Obama administration's multiyear surface transportation funding bill sent to congress today.... Read More »

Key Safety to use Mobileye vision tech to aid drivers

4:08 pm U.S. ET | March 30, 2015

Supplier Key Safety Systems said it has signed an agreement with Mobileye NV to use the software developer's vision processing chip for new types of driver assist technologies.... Read More »

Magna negotiating to sell interiors business to Grupo Antolin, report says

12:25 pm U.S. ET | March 30, 2015

Canada's Magna International is in talks to sell its car-interior business to Spain's Grupo Antolin, people familiar with the matter told Bloomberg.... Read More »

VIDEO: AutoNews Now: Toyoda's moment of crisis

12:01 am U.S. ET | March 30, 2015

Why Toyota CEO feared losing job; Tesla plant could aid rivals; Chevy's big ad push; Mazda sets MX-5 pricing.... Read More »

JAMES B. TREECE

BLOG: Care about new-car sales? Keep an eye on CPO sales

12:53 pm U.S. ET | March 30, 2015

Can the robust CPO market handle the rising tide of used-vehicle supply? That's one of the critical questions facing everyone in the used-car market -- and the new-car market, too.... Read More »

Base 2016 Mazda MX-5 Miata to start at $25,735

11:07 am U.S. ET | March 30, 2015

The new Mazda MX-5 Miata will start at $25,735. That's a price bump of $1,125 over the outgoing 2014 model. Prices include $820 shipping.... Read More »

Ex-dealership staffers face prison

12:01 am U.S. ET | March 30, 2015

Several former sales staffers at a Birmingham, Ala., Nissan store face federal prison time as part of a federal crackdown on fraudulent practices in car dealerships.... Read More »

Toyota CEO feared losing job over recalls; instead gained sense of purpose

8:21 am U.S. ET | March 30, 2015

In a rare moment of public reflection, Toyota CEO Akio Toyoda marked the company’s unintended-acceleration crisis as the turning point in his career, even as he fretted about being fired.... Read More »

VIDEO: UAW delegates voice frustrations

10:34 am U.S. ET | March 30, 2015

Reporter Dave Barkholz spoke with delegates at the 2015 UAW bargaining convention about the issues they are most passionate about.... Read More »

Toyota's low-price safety tech coming to U.S. this year

7:09 am U.S. ET | March 30, 2015

Toyota said today it will begin offering automatic braking, lane departure alert technology and other safety electronics later this year in a package priced at about $300 in its compact cars. A slightly more advanced version will be priced at about $500 for midsize and larger models.... Read More »

Automotive News wins Grand Neal Award for GM recall reports

12:01 am U.S. ET | March 30, 2015

Automotive News has won the Grand Neal Award for its coverage of the General Motors ignition-switch recall crisis. The Grand Neal, given by the Association of Business Information and Media Companies, marks the pinnacle of achievement in business-to-business media.... Read More »

Volvo plans $500 million U.S. assembly plant

12:30 am U.S. ET | March 30, 2015

Volvo will spend about $500 million to build its first assembly plant in the United States as part of an ambitious effort to jump-start lagging sales. The automaker is talking to three states on a possible location and plans to start production in 2018.... Read More »

New Chevy ads elevate 'focus groups'

12:01 am U.S. ET | March 30, 2015

Chevrolet this week will roll out a major advertising campaign, doubling down on the spoofy "focus group" imagery it has used in its rollout of the Colorado pickup. Chevy will launch the "Real People, Not Actors" campaign in a series of media buys and dealer briefings planned across the country.... Read More »

VIDEO: First Shift: Continental's rich history

12:01 am U.S. ET | March 30, 2015

Lincoln revives the car of popes, presidents; Volvo U.S. factory; Toyota pre-crash system; honors for Barra, Musk.... Read More »

Lincoln to bring back Continental name

12:01 am U.S. ET | March 30, 2015

Lincoln is resurrecting the Continental name and phasing out the brand's signature split-wing grille. A full-size sedan named the Continental will go on sale in North America and China in 2016. Lincoln will then discontinue the MKS, which perennially has been one of the slowest-selling cars in its segment.... Read More »

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned.... Read More »

LUCA CIFERRI

BLOG: While others stand up, Italy stands aside

12:01 am U.S. ET | March 30, 2015

Formula One tire supplier Pirelli will have a Chinese owner, while Ferrari styling house Pininfarina could be acquired by an Indian company. Ducati, Lamborghini and Italdesign Giugiaro are already in German hands. So why isn't Italy doing what other countries are doing to protect its domestic auto sector?... Read More »

 
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