Automakers and Suppliers

GM ignition-switch deal will not be reviewed, U.S. judge rules

11:29 am U.S. ET | Feb. 10, 2016

A U.S. judge today rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition-switch defect that prompted GM to recall 2.6 million vehicles.... Read More »

CU Direct's network ranks third, again, in auto-loan originations

11:00 am U.S. ET | Feb. 10, 2016

Credit unions on CU Direct's lending network originated a record 1.06 million auto loans in 2015, up 13 percent. For the second straight year, the CUDL network was the nation's third-biggest lender based on auto loan originations, trailing only Ally and Wells Fargo.... Read More »

Death and leases: The challenge of helping a grieving family

11:00 am U.S. ET | Feb. 10, 2016

When a lease customer dies during his or her term, what happens to the contract? Mercedes-Benz Financial has simplified the required steps for grieving family members.... Read More »

Self-driving cars succumb to snow blindness as driving lanes disappear

6:41 am U.S. ET | Feb. 10, 2016

As automakers race to get robot cars on the road, they're encountering an obstacle very familiar to humans: Old Man Winter. Simple snow can render the most advanced computing power useless and leave vehicles dead on the highway.... Read More »

Leasing on rise and being 'done right,' says Cox economist

10:00 am U.S. ET | Feb. 10, 2016

Although leasing is on the rise, it is “leasing done right” this time, in contrast to “leasing done wrong” in 1999 when leases last peaked and ultimately damaged residual values dramatically, Tom Webb, Cox Automotive chief economist, writes in the Manheim 2016 Used Car Market Report released Monday.... Read More »

BMW drops to 3rd place in global luxury sales race during January

6:30 am U.S. ET | Feb. 10, 2016

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year.... Read More »

BMW drops to third place in luxury sales race during January

Feb. 10, 2016 11:56 CET

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes moved closer to a goal of unseating its rival this year.... Read More »

Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting.... Read More »

Daimler recalls 840,000 vehicles in U.S. for airbag concerns

Feb. 9, 2016 20:49 CET

Daimler said it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of $383.96 million.... Read More »

Google's autonomous tech can be considered driver under federal law, NHTSA says

8:12 pm U.S. ET | Feb. 9, 2016

U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads.... Read More »

GM mobilizes to build more small pickups

3:44 pm U.S. ET | Feb. 9, 2016

General Motors will increase production of the Chevrolet Colorado midsize pickup, which has been in tight supply since its debut 18 months ago, a company executive said today.... Read More »

EPA, SEMA at odds over proposed racecar rule

5:10 pm U.S. ET | Feb. 9, 2016

A potential EPA ban on many road-to-racecar conversions has touched off a battle with the aftermarket industry, whose trade group says the move would reverse decades of agency policy and deal a blow to auto racing and the parts market.... Read More »

Tenneco adjusted earnings rise 23% in Q4, shares rise

3:14 pm U.S. ET | Feb. 9, 2016

Tenneco's fourth-quarter adjusted earnings rose 23 percent to $80 million as the the supplier of emission-control systems and ride-control components today reported higher revenue generated from light vehicle production in North America, Europe and China.... Read More »

GM recalling 473,000 SUVs, pickups in N.A. for brake pedal problems

4:14 pm U.S. ET | Feb. 9, 2016

General Motors said it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut.... Read More »

Applied Acoustics International names industry veteran Larry Hagood as CEO

3:55 pm U.S. ET | Feb. 9, 2016

Applied Acoustics International, the sound barrier and noise dampening supplier created last week when UGN Inc. sold its automotive acoustics business, today named Larry Hagood, 56, as its CEO.... Read More »

Mercedes is not chasing luxury sales lead at any price, Zetsche says

Feb. 9, 2016 11:29 CET

Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand.... Read More »

Outstanding auto loans hit record

2:54 pm U.S. ET | Feb. 9, 2016

The outstanding U.S. auto-loan balance climbed to a record $987 billion in the fourth quarter on rising vehicle sales, Experian Automotive said in part one of its quarterly State of the Automotive Finance Market report. Finance companies and credit unions led the increase.... Read More »

Toyota recalling 26,000 Scion FR-S sports cars

2:35 pm U.S. ET | Feb. 9, 2016

Toyota today said it is recalling 26,000 Scion FR-S sports cars from the 2013-16 model years because of an ignition key interlock issue.... Read More »

Bob Rossiter, who helped build and rebuild seating giant Lear, dies at 69

11:28 am U.S. ET | Feb. 9, 2016

Former Lear CEO Bob Rossiter, who worked with the company for 40 years and led it through bankruptcy in 2009, died Sunday after a yearlong battle with cancer.... Read More »

RICHARD TRUETT

BLOG: It's time to fully embrace the gasoline-electric powertrain

11:00 am U.S. ET | Feb. 9, 2016

Hybrid powertrains and battery packs have proven their durability, and now it is time to make them standard.... Read More »

Diesel Fiat 500X has excess emissions, German lobby group claims

9:16 am U.S. ET | Feb. 9, 2016

German environmental lobby group DUH stepped up its campaign against auto industry pollution today, accusing Fiat Chrysler Automobiles' 500X compact SUV of releasing excessive levels of toxic diesel emissions.... Read More »

GM awards more business to ad agency Commonwealth

10:24 am U.S. ET | Feb. 9, 2016

Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett.... Read More »

Ford EcoSport inches closer to U.S. shores

10:30 am U.S. ET | Feb. 9, 2016

Ford appears to be getting closer to selling the tiny EcoSport crossover in the U.S. Spy photos show the EcoSport, a subcompact crossover based on the same platform as the Fiesta, being tested near Ford’s headquarters in Dearborn, Mich.... Read More »

Continental to build $1.4 billion tire plant in Mississippi

6:07 am U.S. ET | Feb. 9, 2016

Continental's decision to commit $1.4 billion for a truck/bus tire plant in Mississippi reflects the company's belief that demand for its commercial tire products in North America will continue to grow at above market pace.... Read More »

Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said.... Read More »

 
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