RICHARD TRUETT

Why Toyota punted on a V-6 in the Tundra for '15

11:58 am U.S. ET | Sept. 18, 2014
It's rare when Toyota admits defeat and folds -- especially when it comes to engines and fuel economy. But that's what happened last week when Toyota introduced the 2015 Tundra pickup and revealed that the big truck would be available only with V-8 engines.... Read More »

 

Lotus may cut workforce 27% in restructuring

1:49 pm U.S. ET | Sept. 18, 2014
Group Lotus, the maker of exotic British sports cars, may reduce its workforce by 27 percent to cut costs. As many as 325 of the 1,215 people employed at the company could lose their jobs as the manufacturer restructures, Lotus said Thursday.... Read More »

 

ZF's Sommer sees more acquisitions beyond TRW purchase

Sept. 18, 2014 09:05 CET
ZF, which agreed to buy TRW Automotive Holdings for $13.5 billion including debt, sees a need for more acquisitions as even the largest auto suppliers seek size and technology.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... Read More »

 

GM recalling natural gas-powered vans due to possible leak

10:40 am U.S. ET | Sept. 18, 2014
General Motors will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said today.... Read More »

 

Fiat Chrysler's new HQ will be a short stroll from Buckingham Palace

9:54 am U.S. ET | Sept. 18, 2014
Fiat SpA will locate its new global headquarters in London's West End, opting for the most expensive office district in the world.... Read More »

 

Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.... Read More »

 

Mercedes opts for cloud-computing setup to protect data from hackers

Sept. 18, 2014 13:22 CET
Mercedes is using a cloud-computing setup to protect data generated by vehicles as the industry moves toward driverless cars. Automakers are looking for ways to stop hackers from gaining information or even hijacking vehicles by remote control.... Read More »

 

2014 PARIS AUTO SHOW

SsangYong set to join expanding subcompact SUV segment

Sept. 18, 2014 11:46 CET
SsangYong will preview two subcompact SUV concepts in Paris next month, ahead of the launch of a production model, the X100, next year. SsangYong is the latest automaker to join the fast-growing small SUV segment.... Read More »

 

2014 PARIS AUTO SHOW

Toyota concept previews new crossover

Sept. 18, 2014 06:01 CET
Toyota will unveil the C-HR concept at the Paris auto show. The concept previews a potential new entry in Europe's booming crossover segment.... Read More »

 

Lear contract first step in eliminating two-tier wages, Canadian union chief says

12:01 am U.S. ET | Sept. 18, 2014
The head of Canada's largest auto worker union said a tentative UAW contract ending two-tier pay disparity at a Lear seat plant in Indiana was the first step in eliminating the practice at Detroit 3 plants in the United States.... Read More »

 

CAR CUTAWAY

Magna Powertrain helps Mercedes GLA stay on track

5:02 am U.S. ET | Sept. 18, 2014
Magna Powertrain supplies the all-wheel-drive system for the new Mercedes-Benz GLA. The supplier eliminated seal rings and bearings in the system to reduce drag by about 14 percent and decrease weight by more than 2kg.... Read More »

 

2014 Eurostar winner Didier Leroy

Sept. 18, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars rose above the rest by pushing their companies to new heights. Toyota Europe CEO Didier Leroy is this year's winner for European Operations CEO.... Read More »

 

Toyota to boost Mexico truck plant capacity by 41%

8:50 pm U.S. ET | Sept. 17, 2014
As Toyota ponders its first full assembly plant in Mexico, it plans to boost capacity at its existing factory there almost 40 percent to feed demand for trucks.... Read More »

 

AutoNews Now: Losing weight by keeping steel

12:01 am U.S. ET | Sept. 17, 2014
In study, pickup sheds 383 lbs. without going aluminum; sales up again in Europe; Ford tech-sharing; a Toyota for gamers.... Read More »

 

Audi claims first California autonomous driving permit

11:35 am U.S. ET | Sept. 17, 2014
Volkswagen's Audi unit is the first automaker to receive an autonomous driving permit in California, as new laws in the state governing the process went into effect on Tuesday.... Read More »

 

Ford seeks younger Mustang buyers with tech features

12:44 pm U.S. ET | Sept. 17, 2014
The 2015 Ford Mustang arrives in dealerships next month as Ford's most technology-laden pony car yet. The fastback model will arrive first, followed by the convertible later in the fall. Ford hopes to appeal to a new generation of Mustang buyers -- and overseas markets -- by offering technologies never seen before in Ford's pony car.... Read More »

 

First Shift: 'Silos, firewalls' at GM

12:01 am U.S. ET | Sept. 17, 2014
But NHTSA could have done more to stem crisis, boss says; CFPB to oversee captives?; how GM trucks outsold F-Series.... Read More »

 

LINDSAY CHAPPELL

Scrap Nissan's Leaf battery plant? Hardly

3:23 pm U.S. ET | Sept. 17, 2014
News broke this week that Nissan and Renault are debating the future of their electric-vehicle battery technology sourcing. Frankly, it would be bigger news if the two automaker partners weren't debating it.... Read More »

 

CFPB finds discrimination in auto lending at banks, looks to oversee captives

5:45 pm U.S. ET | Sept. 17, 2014
The nation's consumer finance regulator found discrimination against minority borrowers at several unnamed banks tied to dealer discretion in setting dealer reserve, the share of the customer's interest rate that dealerships earn for negotiating a finance contract. The CFPB also released the first details of a proposed new rule that would officially extend its jurisdiction to nonbank auto lenders.... Read More »

 

CFPB to shed light on identifying protected classes

12:01 am U.S. ET | Sept. 17, 2014
The Consumer Financial Protection Bureau is due to issue a white paper soon -- perhaps even this week -- that spells out in greater detail exactly how the bureau determines which consumers belong to legally protected classes of borrowers -- technical details that can ultimately have a big impact on dealers' business.... Read More »

 

Tesla argues New Jersey regulators can't stop direct sales

2:06 pm U.S. ET | Sept. 17, 2014
Tesla Motors, in a court filing submitted Tuesday, argued that New Jersey regulators have no authority to shut down direct sales at the electric-vehicle maker's stores in the state.... Read More »

 

Exeter CEO sees steady growth of 15-20%

12:01 am U.S. ET | Sept. 17, 2014
Exeter Finance, a subprime auto-financing specialist, should post “just steady growth” of 15 to 20 percent a year, CEO Mark Floyd says. He made the forecast last week even though in July the company started “making some tweaks” to its lending, he said, tightening its credit standards a bit in light of concerns about issues such as used-car prices.... Read More »

 

Guardian automotive glass units to be acquired by Japanese supplier

3:57 pm U.S. ET | Sept. 17, 2014
Japan's Central Glass Company has agreed to purchase the outstanding shares of two automotive units of Guardian Industries, a longtime Detroit area automotive glass supplier with roots dating to the 1930s.... Read More »

 

Ford and Lincoln get connected with Apple's Siri

4:23 pm U.S. ET | Sept. 17, 2014
After years of negative customer reviews of its in-car voice-recognition technology, Ford may solve some of its lingering issues by partnering with Automatic Labs. Soon, drivers will be able to ask Apple's Siri system about the weather and turn on their home thermostat from the wheel of their Ford or Lincoln, the automaker said Tuesday.... Read More »

 

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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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