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VW said to hire McKinsey to address diesel scandal

April 27, 2016 18:05 CET

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 matter said.... Read More »

GM Financial's prime originations surge thanks to GM subvention

11:15 am U.S. ET | April 27, 2016

GM Financial's lease originations more than doubled in the first quarter, resulting in more prime-credit customers.... Read More »

VIDEO: Ford Credit COO on auto finance trends, leasing and subprime lending

10:32 am U.S. ET | April 27, 2016

Joy Falotico, Ford Motor Credit COO and chairwoman of the American Financial Services Association's vehicle finance division, this year expects leasing to keep growing and subprime lending and term lengths to stay disciplined. She spoke with Automotive News F&I beat reporter Hannah Lutz last month at AFSA's vehicle finance conference in Las Vegas.... Read More »

Volvo announces 3 regional executive moves in U.S.

10:28 am U.S. ET | April 27, 2016

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

Mitsubishi COO denies he and CEO plan to step down

April 27, 2016 10:09 CET

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 automaker has "absolutely no plans" to pull out of the automotive market... Read More »

Bosch profit boosted by auto sensor technology sales

April 27, 2016 14:26 CET

Robert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41.7 billion euros last year and achieved EBIT of 3.5 billion euros.... Read More »

VIDEO: First Shift: EPA orders Mitsubishi testing

12:01 am U.S. ET | April 27, 2016

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.... Read More »

PSA Q1 revenue falls as car sales decline in China

April 27, 2016 09:36 CET

PSA's first-quarter revenue fell 1.4 percent as Europe's second-biggest carmaker struggled to increase sales outside its home market and contended with currency shifts. Sales amounted to 13 billion euros ($14.7 billion). That compares with a restated 13.2 billion euros a year earlier.... Read More »

Mitsubishi's existence at risk as fraud case widens

April 27, 2016 11:35 CET

For the second time in about a decade, Mitsubishi faces a scandal that could affect the company's very existence after the automaker admitted to improperly testing the fuel economy of its cars over the past 25 years.... Read More »

Valeo sales rise 9% on intuitive driving systems

April 27, 2016 10:44 CET

French supplier Valeo reported a 9.4 percent rise in first-quarter sales, lifted by demand for pricier content such as display screens, parking assistance and radar systems.... Read More »

Ally net income, originations down as it gets tougher on approvals

12:36 pm U.S. ET | April 26, 2016

Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said Tuesday.... Read More »

Mercedes' sales surge may be too late to unseat Audi, BMW in China

April 26, 2016 13:07 CET

The sales surge that has put Mercedes within reach of the top spot in the global luxury-car market this year may be too little, too late to deliver leadership in China as rivals Audi and BMW re-stock their lineups to keep Mercedes at bay... Read More »

VW's diesel scandal should not affect workers' wage increase, union says

April 26, 2016 15:19 CET

Volkswagen has no right to use the crisis over its emissions test cheating to deny workers a reasonable wage increase, the IG Metall union said, reiterating its call for a 5 percent pay hike for about 120,000 VW staff in western Germany.... Read More »

BMW promotes Petter Witt to N.A. vice president of operations

1:33 pm U.S. ET | April 26, 2016

BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. Petter Witt becomes executive vice president, operations, in North America, effective May 1.... Read More »

Tenneco Q1 net income up 16% on record revenue

12:56 pm U.S. ET | April 26, 2016

Ride-control and emission-control supplier Tenneco has reported a 16 percent rise in first-quarter net income on a wave of record revenue.... Read More »

VIDEO: First Shift: Mitsu misconduct goes back 25 yrs

12:01 am U.S. ET | April 26, 2016

25 years of Mitsu misconduct; Ford, Volvo, Google, Uber, Lyft in self-driving push; Earnings up at FCA, down at Hyundai; VW outsells Toyota; Honda Clarity's aerodynamic design.... Read More »

Mitsubishi says fuel test misconduct dates back to 1991

April 26, 2016 11:37 CET

Mitsubishi said it has improperly tested the fuel economy of its cars for 25 years, deepening a crisis that has already wiped out half its market value. The automaker has formed an external panel of three former prosecutors to investigate falsification of fuel-efficiency data.... Read More »

BMW will help Mini owners rent out their cars

April 26, 2016 11:55 CET

Mini plans to help its customers turn idle downtime into cash by allowing them to rent out their cars when they are not using them. New Minis will soon be available with devices that track the vehicle and accept payments from renters.... Read More »

Japan to probe car-testing methods after Mitsubishi scandal

April 26, 2016 11:28 CET

Japan will set up a task force to look into measures to prevent irregularities in vehicle testing after Mitsubishi admitted it falsified fuel-economy data to get better ratings for some of its models.... Read More »

Q&A: JIM NGUYEN, GENERAL MANAGER, ALG

ALG chief: Millennials will drive strong leasing

12:01 am U.S. ET | April 25, 2016

Millennials are paying off their student loans and moving out of their parents' basements. That cohort's emphasis on affordability will continue to drive lease growth, Jim Nguyen, the new head of ALG, predicts in this Q&A.... Read More »

Cadillac targets 11% operating margin in 10 years

6:54 am U.S. ET | April 25, 2016

Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround.... Read More »

THE SUPPLIER SPEAKS: TOM GEBHARDT, PRESIDENT, PANASONIC AUTOMOTIVE SYSTEMS

Panasonic to make push into autonomous tech

12:01 am U.S. ET | April 25, 2016

Consumer electronics maker Panasonic grew big in automotive with vehicle displays and batteries for electric vehicles. But now, the supplier is looking for even bigger growth from its emerging technologies for autonomous-drive cars.... Read More »

John Irwin joins Automotive News

12:01 am U.S. ET | April 25, 2016

Automotive News has hired John Irwin as a general assignment reporter and Web producer.... Read More »

LETTER TO THE EDITOR

FCA human resources chief disputes Automotive News column

11:15 am U.S. ET | April 25, 2016

The following letter was written to Staff Reporter Larry Vellequette, in response to his column “What FCA employees need to hear from their leaders.”... Read More »

Mitsubishi execs skip Beijing as partner aims high for SUVs

7:25 am U.S. ET | April 25, 2016

Mitsubishi Motors' senior executives skipped the Beijing auto show as the automaker grapples with the fallout from its mileage fraud admission. That didn't stop its local joint venture from declaring it wants to become the top SUV brand in the world's largest vehicle market.... Read More »

 
Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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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... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
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VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
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Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
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Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
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Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
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PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
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VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
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Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
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Newsletters & Alerts
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
 Read More ›
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
 Read More ›
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
 Read More ›
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
 Read More ›
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
 Read More ›
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
 Read More ›
IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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