JULY U.S. AUTO SALES

Chrysler sets pace with 20% gain on Jeep, truck volume

5:45 am U.S. ET | Aug. 1, 2014
Major automakers, led by Chrysler's 20 percent gain, posted higher sales in July on higher incentives and strong retail and fleet demand. Sales rose 12 percent at Toyota, 11 percent at Nissan and 10 percent at Ford. GM, despite another round of recalls, said July deliveries rose 9 percent, on double-digit increases in fleet and commercial shipments. GM's retail sales edged up 4 percent.... Read More »

 

Chrysler Group posts best July since 2005, gains 20% on sales of bigger vehicles

11:56 am U.S. ET | Aug. 1, 2014
Strong sales of SUVs, pickups and minivans pushed Chrysler Group's volume up 20 percent last month to its highest July U.S. sales in nine years.... Read More »

 

Collision avoidance software firm Mobileye raises $890 million in IPO

11:25 am U.S. ET | Aug. 1, 2014
Mobileye NV, the Israeli company that creates collision avoidance software, raised $890 million in its initial public stock offering in the United States on Thursday -- and its shares surged today in morning trading.... Read More »

 

Fiat shareholders approve Chrysler merger

Aug. 1, 2014 08:08 CET
Fiat shareholders approved the automaker's merger with Chrysler in a move that seals the end of Fiat as an Italian company. The new company arising from the merger, Fiat Chrysler Automobiles will be incorporated under Dutch law, based in the UK and listed on the New York Stock Exchange.... Read More »

 

Renault, PSA lose ground as French July car sales fall

Aug. 1, 2014 11:31 CET
French car sales fell 4 percent in July as economic problems weighed on demand, the country's CCFA industry body said.... Read More »

 

VW production chief Macht quits with immediate effect

Aug. 1, 2014 15:19 CET
Volkswagen said group production chief Michael Macht is quitting immediately, the second top executive to leave the automaker within a week.... Read More »

 

First Shift: Unleashing flood of GM claims

12:01 am U.S. ET | Aug. 1, 2014
Hundreds of petitions expected over switches; Tesla widens loss; Ford, GM sued over CD-ripping tech; Barra's perfect pitch?... Read More »

 

INTERACTIVE

VW, Renault are Europe's engine plant leaders

Aug. 1, 2014 06:01 CET
Automotive News Europe's Guide to Powertrains shows the 83 locations where 19 automakers and suppliers produce the engines and transmissions that help drive the auto industry in Europe.... Read More »

 

Renault will build Fiat Scudo successor

Aug. 1, 2014 06:01 CET
Renault will build Fiat's replacement for its Scudo commercial van starting in 2016, taking over production of the model from PSA/Peugeot-Citroen. The Scudo successor will be based on the Renault Trafic.... Read More »

 

VW may raise stake in FAW Chinese joint venture

Aug. 1, 2014 12:15 CET
VW's CFO Hans Dieter Poetsch said the automaker's only likely acquisition is a possible increase of its stake in its FAW Chinese joint venture and not a takeover of Fiat or truckmaker Paccar.... Read More »

 

Audi's profits rise as sales growth offsets costs

Aug. 1, 2014 11:56 CET
Audi reported higher second-quarter operating profit, as gains from record vehicle sales outweighed the impact of spending on technology and foreign expansion.... Read More »

 

ZF supervisory board said to support TRW takeover talks

Aug. 1, 2014 11:02 CET
ZF's supervisory board has given its support to continuing negotiations to buy TRW Automotive, sources said.... Read More »

 

ANE's August e-magazine goes live Monday

Aug. 1, 2014 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 4. This month's edition looks at the potential risks and rewards facing Porsche.... Read More »

 

MIKE COLIAS

Eurofication of Buick lineup continues with … an imported Regal?

1:51 pm U.S. ET | July 31, 2014
The Buick Regal already is the most Euro-looking vehicle in Buick's lineup. In a few years, it might literally be European.... Read More »

 

First Shift: Tesla-Panasonic 'giga' team

12:01 am U.S. ET | July 31, 2014
Partners make battery deal; VW profit off, Subaru and Mazda up; NY used-car crackdown; Snyder: July U.S. sales on course.... Read More »

 

Supplier exec pleads guilty to price-fixing, remains an employee

4:02 pm U.S. ET | July 31, 2014
An executive from GS Electech, a supplier to Toyota, pleaded guilty Thursday to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the Department of Justice said. He remains employed by the company, a spokesman said today.... Read More »

 

VW profit falls, raising pressure to cut costs

July 31, 2014 11:38 CET
Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings.... Read More »

 

Fiat investors likely to approve Chrysler merger

July 31, 2014 06:01 CET
Fiat shareholders will likely approve the automaker's merger with Chrysler when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger.... Read More »

 

Tesla's Q2 net loss widens to $62 million as r&d expenses soar

4:39 pm U.S. ET | July 31, 2014
Tesla's net loss widened to $61.9 million in the second quarter even though it assembled and delivered record numbers of Model S electric cars. Revenues surged nearly 90 percent.... Read More »

 

AutoNews Now: Ford, GM cut parts to boost payloads

12:01 am U.S. ET | July 31, 2014
Automakers delete bumpers, spare tires to calculate key metric; Fields' currency concern; optimistic car colors.... Read More »

 

Superior’s Q2 net income drops 21%; Ark. plant to close

3:17 pm U.S. ET | July 31, 2014
Aluminum wheel supplier Superior Industries International said today that its second-quarter net income tumbled 21 percent from the year-earlier period to $5 million on flat sales of $199 million.... Read More »

 

Daimler will invest 1.5 billion euros in its biggest German plant after winning labor deal

July 31, 2014 10:51 CET
Daimler plans a 1.5 billion euros investment its Mercedes plant in Sindelfingen, Germany, after employees agreed a labor deal that the company says will save 100 million euros in costs.... Read More »

 

BorgWarner net income up 9% for Q2 as engine division grows

2:24 pm U.S. ET | July 31, 2014
BorgWarner, a supplier of turbochargers and emissions systems, reported a 9 percent increase in net income for the second quarter as its engine division grows and the European market -- which makes up about half of the company's customer base -- continues to recover.... Read More »

 

Future car colors inspired by Midwest homes, landscape, BASF says

1:38 pm U.S. ET | July 31, 2014
Future cars and light trucks will sport more sparkling oranges and browns, soft blues and greens, and pearly whites and grays -- all inspired by the clear skies, lush lawns and warm homes found in the nation's heartland -- according to trend spotters at BASF's automotive coatings divisions.... Read More »

 

Denso's quarterly profit falls on Japan labor costs, compact car shift

1:28 pm U.S. ET | July 31, 2014
Denso, the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable.... Read More »

 

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