Daimler earns $780 million windfall from sale of Tesla stake

Oct. 21, 2014 23:42 CET
Daimler said it would book a $780 million windfall from selling its 4 percent stake in electric car maker Tesla. The company said it will continue sourcing powertrain for the Mercedes B-Class Electric Drive from Tesla... Read More »

 

NHTSA expands faulty airbag warning to 6.1 million vehicles

9:31 am U.S. ET | Oct. 21, 2014
NHTSA expanded a warning late Tuesday about faulty airbags made by Japanese auto parts maker Takata to 6.1 million vehicles in the United States. The agency also corrected and expanded a list of vehicles included in an advisory on Monday. The crisis involving deadly airbags is shaking confidence in the ability of Toyota, Honda and other automakers to ensure the safety of millions of U.S. drivers.... Read More »

 

Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.... Read More »

 

NHTSA website search function crashes as drivers look for airbag recalls

4:10 pm U.S. ET | Oct. 21, 2014
The website federal safety regulators are urging 4.7 million people to check to see if their cars have defective airbags couldn't be fully accessed today.... Read More »

 

Daimler sees $780 million windfall from sale of Tesla stake

5:18 pm U.S. ET | Oct. 21, 2014
Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.... Read More »

 

Asbury raises its acquisition target

7:27 am U.S. ET | Oct. 21, 2014
Asbury Automotive Group Inc.'s acquisition ambitions keep getting bigger. Asbury, the nation's seventh-largest dealership group, said today that it now aims to buy stores that will add $500 million in annual revenue during the next 18 months.... Read More »

 

JAMIE LaREAU

Gen Y guru entertains, informs

4:23 pm U.S. ET | Oct. 21, 2014
Who knew that demographics could be so funny?... Read More »

 

Toyota ordered to pay $12.5 million to woman 'virtually decapitated' by seat belt

2:22 pm U.S. ET | Oct. 21, 2014
A California jury ordered Toyota to pay $12.5 million for being responsible for debilitating lap-only seat belt injuries in a 2010 crash.... Read More »

 

Nissan's 2016 Maxima drives back to roots

12:01 am U.S. ET | Oct. 21, 2014
Nissan's redesigned Maxima sedan may be getting back to its “4DSC” roots. Recent spy photos show an early prototype of the 2016 Maxima. The 2016 Maxima's fastback styling mimics the four-door coupe body styles found on several German cars.... Read More »

 

AutoNews Now: Tesla loses in Michigan

12:01 am U.S. ET | Oct. 21, 2014
Gov. signs bill that effectively bars direct car sales; Daimler to make Sprinters in N.A.; Ford slashes price of Focus EV.... Read More »

 

Sonic pushes back rollout of customer-experience program

3:40 pm U.S. ET | Oct. 21, 2014
Sonic Automotive will take at least six months longer than originally planned to roll its new customer experience program out to all of its dealerships.... Read More »

 

Ford cuts Focus Electric price by $6,000

3:23 pm U.S. ET | Oct. 21, 2014
Ford slashed the price of the Focus Electric by $6,000 to $29,995, including shipping. The price reduction will remain in effect for all 2014 models and will continue when 2015 models are introduced.... Read More »

 

Ford to close climate control plant, lay off 257 workers

3:11 pm U.S. ET | Oct. 21, 2014
Ford plans to shed the last line of business in nine-year-old Automotive Component Holdings LLC by December when ACH closes its Sheldon Road climate control plant in suburban Detroit and lays off its last 257 employees.... Read More »

 

Viper plant to reopen in mid-November

3:05 pm U.S. ET | Oct. 21, 2014
Chrysler Group will restart the idled Conner Avenue plant in Detroit in mid-November to build the Dodge Viper.... Read More »

 

Mich. blocks Tesla's sales model by plugging loophole

2:19 pm U.S. ET | Oct. 21, 2014
Michigan Governor Rick Snyder signed a bill today that effectively bars Tesla Motors' direct-sales model in the state. While Tesla's model was already prohibited in Michigan, the wording of its franchise law left an opening that the automaker could potentially exploit as it has in Massachusetts, where dealers unsuccessfully tried to stop it from operating a store there. That potential loophole is now closed.... Read More »

 

Q&A

Wagener: Mercedes-Benz S-class coupe a design 'revolution'

12:01 am U.S. ET | Oct. 21, 2014
Gorden Wagener has been transforming Mercedes-Benz design since he took the helm as chief designer in mid-2008. His latest creation is the S-class coupe, which embodies what Wagener calls “sensual purity” and “modern luxury.”... Read More »

 

RICHARD TRUETT

Sizing up the field for 2015 Car, Truck of Year honors

12:01 am U.S. ET | Oct. 21, 2014
A look at select and notable candidates for 2015 Car and Truck of the Year honors from the twisting roads of western Michigan.... Read More »

 

Acura plans refreshed ILX for 2016

12:34 pm U.S. ET | Oct. 21, 2014
Acura plans to introduce a "substantially new" 2016 ILX entry premium sedan at the L.A. Auto Show next month.... Read More »

 

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

Oct. 21, 2014 18:21 CET
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.... Read More »

 

Daimler will shift some Sprinter production to North America from Germany

Oct. 21, 2014 17:51 CET
Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.... Read More »

 

Takata hit with 2 more airbag lawsuits

11:54 am U.S. ET | Oct. 21, 2014
The recall crisis involving Takata airbags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.... Read More »

 

Mercedes G class to soldier on with '70s styling

12:01 am U.S. ET | Oct. 21, 2014
As Mercedes-Benz restyles the rest of its luxury SUVs, the G class's angular form -- it's about as sleek as a snow plow -- will stay the same. It hasn't had a redesign since its introduction in 1979 -- and sales are higher than ever.... Read More »

 

Takata, wrestling with airbag recall, sees shares take 23% plunge

7:08 am U.S. ET | Oct. 21, 2014
Takata shares plunged by a record in Tokyo trading after Toyota advised U.S. owners of its cars to seat passengers in the back amid reports of metal shrapnel being propelled from inside faulty airbags.... Read More »

 

Daimler eyes stake in motorcycle maker MV Agusta, report says

Oct. 21, 2014 10:39 CET
Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.... Read More »

 

GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.... Read More »

 

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