Automakers and Suppliers

Autoliv predicts more growth after Q1 revenues rise

April 22, 2015 16:05 CET

Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs.... Read More »

EVs need more fed support, study finds

11:32 am U.S. ET | April 22, 2015

A study commissioned by Congress says the federal government must to do more to support the market for electric and plug-in hybrid vehicles.... Read More »

Lithia's Q1 net income soars 64% on broad gains, DCH integration

11:03 am U.S. ET | April 22, 2015

Lithia Motors' net income surged 64 percent to $41 million in the first quarter from a year earlier, on strong sales across all divisions and the continued integration of its purchase last year of DCH Auto Group, the dealership group said today.... Read More »

VIDEO: AutoNews Now: Most-desired car tech

12:01 am U.S. ET | April 22, 2015

J.D. Power: Crash-prevention features top list; Lincoln losing taste for alphabet soup?; 200's breezy backstory.... Read More »

Auto safety technology trumps entertainment for consumers, J.D. Power study finds

1:00 pm U.S. ET | April 22, 2015

Automakers should invest in safety technology, over entertainment and convenience, to satisfy customers, according to a J.D. Power study released today.... Read More »

Dealers missing out on digital F&I sales, study finds

11:30 am U.S. ET | April 22, 2015

Consumers want F&I product information online rather than all-at-once at the end of their vehicle purchases, a new study finds. The survey by MakeMyDeal indicates that consumers want to learn about F&I products online before entering a new-vehicle store.... Read More »

Asbury, Sonic see below-average F&I revenue at new-initiative stores

11:30 am U.S. ET | April 22, 2015

Two of the nation's biggest publicly traded dealership groups said early, small-scale results from their nontraditional dealerships -- either stand-alone used-vehicle stores or ones that use techniques such as no-haggle pricing -- showed below average F&I revenue per vehicle retailed.... Read More »

Some auto lenders let others pursue volume

11:15 am U.S. ET | April 22, 2015

Some auto lenders are choosing not to chase volume. Consumer Portfolio Services and PNC Bank are consciously passing up volume to protect profits and their credit standards. Wells Fargo made a similar statement this month.... Read More »

BMW is building vehicle distribution center in Texas to serve the South

10:44 am U.S. ET | April 22, 2015

BMW AG said it is building a vehicle distribution center in Texas to serve the Southern US. The facility at the Port of Galveston will serve the 45 BMW and Mini dealers in Texas, Oklahoma, Louisiana and Arkansas.... Read More »

AutoNation's Q1 net income rises 17%

7:00 am U.S. ET | April 22, 2015

AutoNation is picking up its acquisition pace as its profits continue to rise. Net income for the nation's largest new-car retailer jumped 17 percent in the first quarter to $111.5 million, the company said today.... Read More »

Peugeot, IBM agree to develop new connected-car services

8:26 am U.S. ET | April 22, 2015

PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today.... Read More »

France completes move to increase Renault stake

April 22, 2015 11:01 CET

The French government has completed steps to increase its stake in Renault despite opposition from the company's alliance partner, Nissan, and Carlos Ghosn, who heads both automakers..... Read More »

Suzuki recalls record 2 million cars for smoking ignition switch

7:21 am U.S. ET | April 22, 2015

Suzuki said it would recall 2 million cars, a record for the automaker, including Chevrolet Cruzes it builds for GM, to replace the ignition switch after reports of fumes being emitted from the faulty component.... Read More »

Audi sees compact cars driving sales in China

April 22, 2015 11:52 CET

Audi sees compact cars increasingly becoming the main driver of sales in China as the country's booming middle class looks for more affordable luxury.... Read More »

Tesla to unveil home and utility batteries April 30

6:51 am U.S. ET | April 22, 2015

Tesla Motors Inc. will announce a home battery and a “very large” utility-scale battery on April 30, according to an e-mail sent to investors and analysts.... Read More »

TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million.... Read More »

Aston Martin mulls U.S. plant for crossover, report says

April 22, 2015 10:50 CET

Aston Martin may add a plant in the U.S. to build the brand's first crossover, the Financial Times reported. The British automaker has held talks with officials in several states about the factory, the paper said, citing several sources familiar with the talks.... Read More »

VIDEO: AutoNews Now: Ford exec: We're big enough

12:01 am U.S. ET | April 21, 2015

Hinrichs on FCA's partner hunt; futurist Kurzweil on self-driving, and cell-size phones; VW beat GM globally in Q1.... Read More »

Norway to review EV subsidies as sales soar

April 21, 2015 14:29 CET

Norway is reviewing its subsidies for electric vehicles after generous government incentives made the country the biggest user of EVs in the world, hurting state revenues, the finance ministry said.... Read More »

Continental will invest 1 billion euros in China, CEO says

April 21, 2015 15:40 CET

Continental plans to invest about 1 billion euros ($1.07 billion) in China over the next five years, CEO Elmar Degenhart said. The company is seeking to boost its share of Asian sales to 30 percent of global turnover by 2020 from a fifth at present.... Read More »

BMW will expand i lineup with plug-in hybrid based on 5 series, report says

April 21, 2015 06:01 CET

BMW will add a third model to its i subbrand called the i5 that will be based on the 5 series, a report said. The i5 plug-in hybrid will go on sale in 2018 and it could become the subbrand's best-seller, AutoBild said.... Read More »

BMW will build fwd cars in China to attract middle class

April 21, 2015 10:11 CET

BMW will double the number of cars it builds in China to six as it adds models including the front-wheel-drive 2-series Active Tourer minivan in a bid to increase sales to middle class buyers who don't have chauffeurs.... Read More »

Sonic Q1 revenue up, net income down on costs for new initiatives

9:06 am U.S. ET | April 21, 2015

Sonic Automotive reported a nearly 5 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business.... Read More »

Google exec sees self-driving cars as inevitable

4:05 pm U.S. ET | April 21, 2015

Ray Kurzweil, inventor, futurist and Google's director of engineering, opened the SAE World Congress here by pointing out that predicting the future is easy -- and saying self-driving cars are inevitable.... Read More »

GM's Q1 global volume climbs 1.9%; company trails VW in global sales race

1:38 pm U.S. ET | April 21, 2015

General Motors said today that it sold 2,421,123 million vehicles globally in the first quarter, a 1.9 percent increase from a year ago. GM trails Volkswagen AG by about 70,000 vehicles in the race to be the world's biggest automaker with Toyota yet to report.... Read More »

 
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