Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014
Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million.... 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 »

 

NICK BUNKLEY

How the 'Chevy Guy' became, you know, a hit and stuff

10:51 am U.S. ET | Oct. 30, 2014
Late Wednesday night, General Motors introduced America to the 2015 Chevrolet Colorado -- the dependable, all-new pickup that comes with “you know, technology and stuff.”... 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 »

 

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 Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States.... 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 »

 

Edmunds.com buys startup, plans to offer texting services to dealerships

12:09 pm U.S. ET | Oct. 29, 2014
Edmunds has purchased a startup texting technology company that it helped nurture. The acquisition will enable Edmunds dealership subscribers to offer texting services to mobile customers.... Read More »

 

Ford’s Fields lunch auction draws top bid of $100,000

3:57 pm U.S. ET | Oct. 29, 2014
The price to have lunch with Mark Fields? $100,000. Ford's new CEO will have an exclusive lunch with the highest bidder to benefit Detroit charity Focus: HOPE.... Read More »

 

AutoNews Now: Peeling off from Ferrari

12:01 am U.S. ET | Oct. 29, 2014
Fiat Chrysler tackling debt, ambitious growth plan; Chrysler, Ford recalls; GM to expand Mich. plant; Nissan aids Ebola fight.... Read More »

 

First Shift: Worker speaks up, GM acts

12:01 am U.S. ET | Oct. 29, 2014
Program encourages raising safety concerns; Takata's big test; new leader at NHTSA?; Edmunds makes buy; rise of 3-D printing.... 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 »

 

Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo.... Read More »

 

NHTSA steps up inquiry into defective Takata airbags

7:39 pm U.S. ET | Oct. 29, 2014
More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs.In letters today to 10 automakers, the National Highway Traffic Safety Administration asked for details about how the companies are reaching nearly 8 million affected consumers and what is being done for people who are afraid to drive their cars.... Read More »

 

Lawmakers ask GAO to review NHTSA actions

4:47 pm U.S. ET | Oct. 29, 2014
Bipartisan leaders of a key House committee have asked Congress' independent watchdog arm for a review of the National Highway Traffic Safety Administration amid escalating concern over the agency's handling of the General Motors ignition switch and Takata airbag recalls.... Read More »

 

Penske Automotive eyes more growth overseas, retail truck stores

10:04 am U.S. ET | Oct. 29, 2014
Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Penske said today it agreed to raise its stake in The Around The Clock Freightliner Group, a “heavy-duty retail truck dealership group” in Texas, Oklahoma and New Mexico. Penske said such businesses are attractive because they provide strong revenue with lower costs.... Read More »

 

Freshened 2016 Ford Explorer to debut in L.A.

4:32 pm U.S. ET | Oct. 29, 2014
Ford will reveal the 2016 Ford Explorer at the Los Angeles Auto Show on November 19. The latest version of the Explorer will go on sale next year in North America, Ford said in a statement today.... Read More »

 

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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
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