Wrangler will remain body-on-frame, sources say

3:04 pm U.S. ET | Oct. 23, 2014
The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned. As a result, the popular off-roader will likely remain built in Toledo, Ohio, where city and union officials have been fighting for weeks to keep the Wrangler in its historical home.... Read More »

 

Toyota sells some Tesla shares, cooperation still possible

5:53 pm U.S. ET | Oct. 23, 2014
Toyota said today it had sold some of its shares in Tesla Motors but that it would continue to study possible cooperation with the California electric car maker in the future.... Read More »

 

First Shift: GM earns $1.38 billion

12:01 am U.S. ET | Oct. 23, 2014
Stronger pricing helps in Q3; Honda appoints quality czar amid Fit recalls; NHTSA apologizes; Chrysler's Boomer booster.... Read More »

 

Audi will recall 850,000 A4s globally over airbag problems

Oct. 23, 2014 15:42 CET
Audi will recall 850,000 A4s worldwide due to an airbag problem that could prevent front airbags from deploying. Audi said its faulty airbags are not made by Takata, which is at the center of a growing number of recalls.... Read More »

 

Marchionne invests more of his own money in Fiat Chrysler

Oct. 23, 2014 10:41 CET
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker.... Read More »

 

Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut

6:28 am U.S. ET | Oct. 23, 2014
In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car.... Read More »

 

Autoliv lowers sales outlook but says Takata woes are helping its business

Oct. 23, 2014 16:55 CET
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags.... Read More »

 

GM Financial faces government, state probes over subprime loans, securities

5:49 pm U.S. ET | Oct. 23, 2014
GM Financial disclosed Thursday it is being investigated by “state attorneys general and other governmental offices” in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities.... Read More »

 

NHTSA's botched airbag recall leaves car owners in dark

6:12 pm U.S. ET | Oct. 23, 2014
NHTSA botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk.... Read More »

 

AutoNation signs on to sponsor college bowl game

5:16 pm U.S. ET | Oct. 23, 2014
AutoNation will become title sponsor of a new college football bowl game that will raise money for breast cancer research.... Read More »

 

Toyota's ad agency will join move to Texas

5:30 pm U.S. ET | Oct. 23, 2014
Toyota's Los Angeles-based U.S. advertising agency is following its longtime client to Dallas in a bid to prolong their nearly 40-year relationship.... Read More »

 

GABE NELSON

Why Honda is venturing into Oculus' virtual world

11:56 am U.S. ET | Oct. 23, 2014
From the back seat of an Acura MDX, I peered out at a stone house on a cliff, fields of wind-swept grass and blue butterflies close enough to touch. All of it was a mirage. In reality, I was in the parking lot of the Honda Silicon Valley Lab in Mountain View, Calif.... Read More »

 

Dana Q3 net income leaps to $90 million

3:52 pm U.S. ET | Oct. 23, 2014
Powertrain component supplier Dana reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier.... Read More »

 

Edmunds.com pulls anti-haggling ads after dealer complaints

4:00 pm U.S. ET | Oct. 23, 2014
Edmunds.com has pulled a YouTube ad campaign that spoofed price haggling but that dealers found offensive. “Our digital videos illustrating the 'Absurdity of Haggling' missed the mark,” Edmunds President Seth Berkowitz said in a statement today.... Read More »

 

GM operating profits fall 14% in Q3 on flat revenue

7:45 am U.S. ET | Oct. 23, 2014
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent.... Read More »

 

AutoNews Now: Wrangler to stay body-on-frame

12:01 am U.S. ET | Oct. 23, 2014
Signs iconic Jeep will stay in Toledo; GM's 'headwinds'; UAW sets VW goal; Ford gives Hot Wheels an EcoBoost.... Read More »

 

N.Y. taxi owners to fight Nissan's 'Taxi of Tomorrow' in court of appeals

3:34 pm U.S. ET | Oct. 23, 2014
New York taxi fleet operators won permission to challenge the city's $1 billion plan for the "Taxi of Tomorrow," a new fleet of cabs from Nissan, before the state's top court.... Read More »

 

GM Financial profits down despite higher volumes

3:10 pm U.S. ET | Oct. 23, 2014
For the second quarter in a row, net income fell slightly for GM Financial despite sharply higher loan and lease originations. The captive finance company today reported net income of $158 million in the third quarter of 2014, down 1.9 percent from the same quarter last year. Pretax earnings were down 13 percent to $208 million.... Read More »

 

Group 1 slows acquisition pace

1:03 pm U.S. ET | Oct. 23, 2014
Put off by high prices for dealerships and unacceptable returns, Group 1 Automotive will slow its acquisition pace in the near term, CEO Earl Hesterberg said today.... Read More »

 

Nissan expands Takata airbag recall by 260,000 units worldwide

7:08 am U.S. ET | Oct. 23, 2014
Nissan today expanded a global recall of cars using Takata-made airbags, which have been linked to four deaths in Honda cars.... Read More »

 

Mazda may appeal $10 million accident verdict in Ala.

12:47 pm U.S. ET | Oct. 23, 2014
Mazda said it is considering an appeal of an Alabama jury order to pay $9.9 million to the victims of a 2010 crash that resulted in a fuel-fed fire, injuring the driver and killing the only passenger.... Read More »

 

Toyota claims 'healthy' supply of replacement airbags

12:26 pm U.S. ET | Oct. 23, 2014
Toyota has a “healthy” supply of replacement parts that should allow dealers to move forward with repairs required by the widening recall of airbags made by supplier Takata, said Bob Carter, senior vice president of the automaker’s U.S. sales unit.... Read More »

 

Land Rover production will continue to boom in UK despite new China plant

Oct. 23, 2014 09:39 CET
Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is also built. The Evoque is the first model produced in Jaguar Land Rover's new factory in Changshu, northwest of Shanghai.... Read More »

 

EU will allow car emissions into carbon trading market

Oct. 23, 2014 13:55 CET
The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases.... Read More »

 

Lotus names Carr as new design chief

Oct. 23, 2014 12:09 CET
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car maker. Coco, one of a number of star hirings made by former CEO Dany Bahar, will be replaced by the carmaker's current design manager, Russell Carr.... Read More »

 

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How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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