OEM Coverage

VW earnings outlook overly cautious, analysts say

Oct. 31, 2014 10:54 CET
VW Group expects to post a 6 percent gain in underlying earnings this year, setting a new record, yet analysts believe the automaker is being overly cautious and can do even better.... Read More »

 

LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months.... Read More »

 

ANE's November e-magazine goes live Monday

Oct. 31, 2014 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Nov. 3. This month's edition looks at why megaplatforms are a must-have for any automaker with global ambitions.... Read More »

 

Ram chief says consumers aren't clamoring for aluminum pickup

5:58 pm U.S. ET | Oct. 30, 2014
Bob Hegbloom, chief of the Ram brand, isn't buying the buzz that the lightweight aluminum body of the upcoming 2015 F-150 pickup will give Ford a significant advantage.... Read More »

 

Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.... Read More »

 

GM lawsuit poses danger to future bailouts, Treasury says

4:19 pm U.S. ET | Oct. 30, 2014
The Treasury Department says confidential information it received during the GM bailout should stay secret, otherwise at-risk companies needing government help in the future might not be willing to share data.... Read More »

 

NHTSA orders Takata to produce documents related to airbag probe

1:47 pm U.S. ET | Oct. 30, 2014
Federal safety regulators today ordered Japanese supplier Takata to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata airbags in millions of vehicles.... Read More »

 

Takata taps rivals to help build replacement inflators

6:06 pm U.S. ET | Oct. 30, 2014
Takata, under pressure from federal regulators, has asked rival suppliers if they can help produce replacement inflators for the company's airbag customers.... Read More »

 

Jaguar Land Rover opens $750 million engine plant

4:12 pm U.S. ET | Oct. 30, 2014
Jaguar Land Rover moved another step closer today to gaining greater control of its destiny with the opening of its $750 million engine plant near Wolverhampton in the U.K.... Read More »

 

Airbag investigators focus on metal shards sprayed at crashes

6:56 am U.S. ET | Oct. 30, 2014
More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them. Takata, which accounts for about a quarter of all airbag inflators produced globally, is finding it far more difficult to silence safety questions.... Read More »

 

Detroit Manufacturing Systems to hire 200 workers to support new F-150

3:25 pm U.S. ET | Oct. 30, 2014
Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January 2015 to support production growth of the Ford F-150 truck.... Read More »

 

BorgWarner posts flat net income for Q3 after one-time charges

2:15 pm U.S. ET | Oct. 30, 2014
BorgWarner reported today a 13 percent increase in revenue and flat net income for the third quarter after one-time charges.... Read More »

 

Lawyers urge U.S. judge to move quickly in Takata airbags case

1:19 pm U.S. ET | Oct. 30, 2014
Lawyers for consumers in the United States asked a federal judge in Miami today to speed up a class action lawsuit against Japanese auto parts maker Takata and four automakers, saying that public safety was at stake over defective airbags.... Read More »

 

Daimler, VW dampen speculation about imminent CEO succession

11:02 am U.S. ET | Oct. 30, 2014
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies.... Read More »

 

Tower International reports higher Q3 profits on improved sales in Americas

10:19 am U.S. ET | Oct. 30, 2014
Tower International today reported improved earnings in the third quarter due to improved sales in the Americas.... Read More »

 

Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill.... Read More »

 

VW's Q3 profit jumps on record Audi, Porsche sales

Oct. 30, 2014 10:37 CET
VW Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China. Earnings rose 16 percent to 3.23 billion euros ($4.07 billion), VW said.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

9:30 am U.S. ET | Oct. 30, 2014
Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.... Read More »

 

Hyundai plans to take on Toyota's Prius with new hybrid model

9:01 am U.S. ET | Oct. 30, 2014
South Korea's Hyundai Motor said it is developing its first dedicated gas-electric car that would go up against Toyota's best-selling Prius. The move will help it diversify its eco-friendly vehicle line-up and hedge its bets in next-generation green technology to meet stricter emission regulations in key markets.... Read More »

 

Fiat Chrysler to issue $2.5 billion bond

Oct. 29, 2014 15:40 CET
Fiat Chrysler will issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its 48 billion euro ($61 billion) investment plan.... Read More »

 

Fiat Chrysler profit increases 7% in Q3

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit.... Read More »

 

Renault's revenue rises on Dacia, Europe

Oct. 29, 2014 21:26 CET
Renault reported a 7 percent increase in revenue in the third quarter, boosted by higher demand for low-cost Dacia models in its home region. Revenue rose to 8.53 billion euros ($10.9 billion) from 7.99 billion euros a year earlier.... Read More »

 

JLR picks Discovery Sport to lead Brazil output

Oct. 29, 2014 16:00 CET
The Land Rover Discovery Sport will be the first model Jaguar Land Rover produces at its new plant in Brazil, the automaker said. Output will begin in 2016.... Read More »

 

Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surges

9:13 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt.... Read More »

 

 
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Special Report
Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
» Watch the Video
     
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