Automakers and Suppliers

VW's $14.7B diesel U.S. emissions settlement clears hurdle

July 26, 2016 06:01 CET

Volkswagen's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles.... Read More »

Federal grand jury probes FCA's U.S. sales

7:30 pm U.S. ET | July 26, 2016

Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices.... Read More »

Tesla Model 3 could generate $20 billion in annual revenue, Musk says

7:42 pm U.S. ET | July 26, 2016

Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.... Read More »

FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plant

11:01 am U.S. ET | July 26, 2016

Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup. The automaker today confirmed that the plant will end production of the slow-selling Chrysler 200 sedan in December to begin the conversion.... Read More »

FCA restates U.S. sales, says winning streak ended 3 years ago

1:30 pm U.S. ET | July 26, 2016

Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in September 2013.... Read More »

Clinton, if elected, plans to renegotiate NAFTA, UAW chief says

1:56 pm U.S. ET | July 26, 2016

UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. The UAW wants an updated treaty to help foster stronger unions in Mexico, where many automakers operate factories.... Read More »

U.S. report says Tesla driver speeding in fatal Autopilot crash

2:29 pm U.S. ET | July 26, 2016

A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause.... Read More »

Porsche to skip 2017 Detroit auto show

12:41 pm U.S. ET | July 26, 2016

Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles.... Read More »

Fairlane Ford dealership porter killed in parking lot incident

2:33 pm U.S. ET | July 26, 2016

A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. The Dearborn Police Department said other dealership employees found the man around 7 a.m. partially out of his door and pinned in between the truck he was moving and one he crashed into.... Read More »

Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits

10:24 am U.S. ET | July 26, 2016

Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.... Read More »

VIDEO: AutoNews Now: FCA: Sales win streak ended in '13

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

FCA revises sales reporting, streak ended in '13; End near for Dart, 200?; VW buyback plan gets early OK; Report: Tesla driver speeding; Cadillac XT5 strategy; Toyota's '18 entries.... Read More »

German prosecutors widen VW emissions probe to 21 staff

July 26, 2016 20:42 CET

German prosecutors have widened their probe into Volkswagen Group's diesel emissions cheating, with 21 current and former staff under investigation.... Read More »

Porsche will create 1,400 jobs for Tesla-fighting EV

July 26, 2016 10:34 CET

Porsche has raised the number of jobs it will create to produce its first all-electric car to more than 1,400 from 1,000.... Read More »

Sonic Automotive's Q2 net income surges 54%

2:11 pm U.S. ET | July 26, 2016

Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.... Read More »

VW diesel emissions settlement approved by U.S. judge

1:40 pm U.S. ET | July 26, 2016

A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.... Read More »

Hyundai preps hot-hatch version of Elantra for U.S.

11:00 am U.S. ET | July 26, 2016

Spy photos signal Hyundai's performance division is close to fielding its first production model for the U.S. The 2018 Elantra GT N features a lower profile and sportier styling than the standard compact hatchback.... Read More »

Asbury Q2 net income falls 11%

11:20 am U.S. ET | July 26, 2016

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.... Read More »

Audi prices A4 allroad from $44,950

9:30 am U.S. ET | July 26, 2016

When the 2017 Audi A4 allroad reaches dealership lots this fall, it will start at $44,950, including a $950 shipping charge. The A4 allroad, the second wagon in Audi's U.S. lineup, is powered by a 2.0-liter engine that produces 252 hp and 273 pounds-feet of torque.... Read More »

'17 Ford Raptor pricing to start at $49,520

10:00 am U.S. ET | July 26, 2016

Pricing for the 2017 Ford F-150 Raptor SuperCab will start at $49,520, including shipping, giving Ford another opportunity to drive average transaction prices higher for the F series, the top-selling light vehicle in the U.S.... Read More »

Hyundai quarterly profit slips 3%; tougher U.S. market, Brexit hit forecast

July 26, 2016 09:03 CET

Hyundai's quarterly profit slipped 3 percent to $1.46 billion, the 10th consecutive quarterly decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the UK's Brexit vote had clouded its outlook for the EU.... Read More »

Cadillac XT5 price undercuts rivals in Europe

July 26, 2016 06:01 CET

Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium rivals such as the Audi Q5 and BMW X3, and by offering more equipment.... Read More »

Daimler's mytaxi will merge with Hailo to take on Uber

July 26, 2016 08:51 CET

Daimler's mytaxi said it will merge with British rival Hailo, creating Europe's largest smartphone-based taxi-hailing business.... Read More »

Higher GM, Volvo shipments to U.S. boost Chinese vehicle exports

July 26, 2016 09:51 CET

China's passenger vehicle exports rose 13 percent in June as GM and Volvo boosted exports to North America.... Read More »

Faurecia lifts 2016 profit guidance after strong first half

July 26, 2016 09:40 CET

Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.... Read More »

Who pays wholesale for auto loans?

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

A Texas dealer and the CFPB's head of fair-lending enforcement held a lively discussion of why and how dealerships charge for arranging auto financing at the annual National Association of Minority Automobile Dealers conference. Both agreed that greater consumer financial education is needed.... Read More »

 
PSA bravely reveals industry's dirty secret

Luca Ciferri
12:01 am U.S. ET | July 7 2016

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Give credit to PSA for being bold enough to reveal in great detail something none of its rivals woul ...
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How to push self-driving tech to the limits without the risks

Nick Gibbs
12:01 am U.S. ET | July 6 2016

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There's a risk-free way to push autonomous cars to their limits. A simulator in the UK is going to d ...
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Volvo defies gravity

Luca Ciferri
8:33 am U.S. ET | July 5 2016

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Volvo doesn't consider itself a true global player in the premium segment. ...
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BMW CEO scores first big win with Intel, Mobileye deal

Christiaan Hetzner
10:40 am U.S. ET | July 2 2016

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Led by CEO Harald Krueger, BMW's strong push into autonomous driving with Intel and Mobileye could b ...
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Why Europe's car buyer categories need a shake-up

Douglas A. Bolduc
4:49 am U.S. ET | July 1 2016

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Johnson Controls says current car buyer categories aren't telling the full story. ...
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Nissan struggles to make sense of Sunderland shocker

Nick Gibbs
5:42 am U.S. ET | June 28 2016

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Nissan's team in the UK is “shell-shocked” by the decision of the country's voters to leave the EU, a person close to the company told me. ...
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Goodbye to the Europe I knew

Bradford Wernle
12:01 am U.S. ET | June 27 2016

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I am deeply shocked and disappointed by the decision of British voters to leave the European Union. ...
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Recapping Toyota's traumatic loss at Le Mans

Luca Ciferri
12:01 am U.S. ET | June 23 2016

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Toyota was reminded of how cruel motorsports can be when it lost the 24 Hours of Le Mans to Porsche ...
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VW's long day as shareholders quiz management

Christiaan Hetzner
6:40 am U.S. ET | June 22 2016

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As Volkswagen's 56th annual shareholder meeting began there were still long lines of people waiting ...
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Probe overshadows VW's annual meeting

Christiaan Hetzner
7:01 am U.S. ET | June 21 2016

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When VW shareholders gather for their annual meeting it is sure to be a turbulent event, not least b ...
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Newsletters & Alerts
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European June car sales slow as Brexit vote reduces confidence
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighe ...
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Russia car sales fall 13% in June
Russian car sales fell 13 percent in June as an economic crisis driven by low oil prices and Western ...
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UK's June car sales fall; gov't asked for support
UK car sales fell for only the second time in more than four years in June, prompting an industry bo ...
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W. Europe car sales up 6% in June despite UK decline
Western European car registrations increased nearly 6 percent in June as demand rose last month in G ...
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VW Group sales rise nearly 2% in May, helped by Audi, Skoda gains
Volkswagen Group's global sales rose 1.6 percent in May, helped by rising demand for Audi and Skoda ...
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VW brand sales stable as Europe, China demand offsets drops in U.S., Brazil
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting decl ...
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Russia car sales fall 15% in May
New-car sales in Russia fell 15 percent in May, after an 8. ...
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Western Europe car sales rise 14% in May
Western European car registrations increased 14 percent in May as demand rose last month in Germany, ...
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Mercedes SUVs help boost U.S. sales lead over Lexus, BMW
Mercedes outsold its luxury auto competitors in the U.S. in May, building its lead in a down month t ...
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VW sales in U.S. fall 17% for worst May since 2010
Continued weakness in car deliveries led Volkswagen of America to its worst May U.S. ...
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Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chief
Daimler named Britta Seeger as global sales and marketing head of Mercedes cars. ...
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BMW names former F1 exec Duesmann as new purchasing chief
BMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, t ...
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Fiat Chrysler creates post to oversee global regulatory compliance
Fiat Chrysler as appointed longtime engineering executive Mark Chernoby to a new role as the automaker's global chief technical compliance officer. ...
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VW's Seat recruits new sales boss from Audi
VW Group's Seat brand has recruited Audi veteran Wayne Griffiths as its new sales and marketing boss ...
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Daimler lures exec from Citroen to lead digital sales unit at Mercedes
Daimler has hired a former Citroen executive to run a new department focused on technology sales and ...
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FCA's U.S. communications chief Ranieri returns to Italy
Gualberto Ranieri, the senior vice president for communications for Fiat Chrysler Automobiles' subsidiary, FCA US, has returned to Italy, seven years after arriving to work... ...
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Former Audi, Mercedes exec named new Cadillac Europe boss
GM has appointed former Audi and Mercedes executive Felix Weller as head of Cadillac Europe as it tr ...
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VW veteran Powels faces tough task in South America
VW brand named David Powels as head of its South American operations. Powels faces a tough challenge ...
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Faraday names Ferrari exec Mattiacci global brand chief
Electric vehicle startup Faraday Future appointed longtime Ferrari executive Marco Mattiacci to the post of global chief brand and commercial officer. ...
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GM names Boler-Davis head of global manufacturing
General Motors named Alicia Boler-Davis as its head of global manufacturing and labor relations, the ...
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Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
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Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
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Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
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Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
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MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
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Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
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McLaren aims cozy 570GT at new audience
McLaren says that the 570GT is the first supercar it has produced that was not conceived primarily w ...
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VW Tiguan offers more room, less weight
Volkswagen has made its new Tiguan lighter, roomier and added more technology as standard equipment ...
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Audi SQ7's electric compressor banishes turbo lag
Audi's SQ7 is the world's first production vehicle equipped with an electric powered compressor, whi ...
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F-Pace set to become Jaguar's top-seller
Jaguar expects the F-Pace to become the brand's best-selling model to date after record advance sale ...
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Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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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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