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Mobility for Tesla? Musk isn't saying -- or is he?

12:01 am U.S. ET | Aug. 24, 2015

What's behind that eye-popping new share price outlook Morgan Stanley analyst Adam Jonas put on Tesla? Bloomberg reports that the key reason for raising the target to $465 from $280 (the stock closed at $255.25 on Aug. 19) is currently at about $243) is what Jonas calls “Tesla Mobility, an app-based, on-demand mobility service.”... Read More »

Getting behind the gap in public, private dealership profits

12:01 am U.S. ET | Aug. 24, 2015

Publicly traded dealership groups' reported first-half profits were much higher than what private dealerships reported to the National Automobile Dealers Association. Here's why.... Read More »

Tesla revamps retail stores, adds apparel, gear

12:01 am U.S. ET | Aug. 22, 2015

Tesla Motors is launching a wholesale revamp of its stores worldwide as the electric-car company prepares to introduce the Model X, its first SUV. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious -- and intimidating -- to most drivers.... Read More »

'Performance is good business'

Amid sales decline, Dodge boss sees a plan coming together

12:01 am U.S. ET | Aug. 22, 2015

With Dodge's U.S. sales off 16 percent this year in a rising overall market, you could argue brand chief Tim Kuniskis should be worried. Yet standing in a parking lot with 10,000 fellow gearheads this month, Kuniskis looked around and saw a brand strategy that is coming together nicely.... Read More »

Tesla engineer joins Apple's growing team of automated car experts

2:53 pm U.S. ET | Aug. 21, 2015

Apple has hired a senior engineer from Tesla, according to a LinkedIn posting, as part of Apple's effort to build a team of experts in automated driving.... Read More »

VW delays revamp of Phaeton flagship in profit push, report says

Aug. 21, 2015 10:51 CET

Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the upscale sedan by lowering production and material costs, Bloomberg reported.... Read More »

2015 FRANKFURT AUTO SHOW

Citroen will debut Mehari-inspired concept

Aug. 20, 2015 06:01 CET

Citroen will preview a potential new model inspired by its iconic Mehari utility vehicle at the Frankfurt auto show. The concept will be based on the C4 Cactus.... Read More »

Former Ford Europe COO tapped to recruit for U.S.-Chinese EV startup

2:58 pm U.S. ET | Aug. 20, 2015

Martin Leach, former COO at Ford of Europe, is recruiting staff for a new electric car manufacturer based mainly in China and California. Leach declined to say which company is backing the new venture, but said, "It is not a company with a background in the car industry."... Read More »

Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV.... Read More »

Toyota, Scion target younger consumers with online sales, finance tool

11:45 am U.S. ET | Aug. 19, 2015

Toyota and Scion are targeting young consumers with a new car-buying program that will enable customers to start both the shopping experience and financing process online. Scion began a pilot of its online transaction program, Pure Process Plus, in May. The Toyota brand plans to launch its online shopping tool in six to 12 months.... Read More »

Volvo first-half profit rises 71% as Europe offsets China, U.S. slowdown

Aug. 19, 2015 08:28 CET

Volvo boosted its earnings goal for the year after operating profit rose 71 percent in the first half as strong demand in Europe offset slower development in China and North America.... Read More »

Aston aims to launch 800-hp, all-electric Rapide in 2 years

7:00 am U.S. ET | Aug. 18, 2015

Aston Martin is betting that even James Bond won't mind an 800-hp electric car. The longtime builder of British sports cars will bring an all-electric version of its four-door Rapide to market in two years, CEO Andy Palmer confirmed to Automotive News.... Read More »

Hyundai, Kia replace China executives after sales slump

11:12 am U.S. ET | Aug. 18, 2015

Hyundai and sister automaker Kia replaced three China executives, the South Korean carmaker said today, after sales skidded in the country, the group's largest market.... Read More »

AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001.... Read More »

Audi launches special sales service for R8 and RS buyers

Aug. 18, 2015 06:01 CET

Audi is rolling out dedicated space in selected showrooms for buyers of its R8 supercar and high-performance RS models. The automaker plans to have 200 so-called Audi Sport dealers in place by the year-end.... Read More »

Will U.S. get Buick made in China?

12:01 am U.S. ET | Aug. 17, 2015

In 2013, GM polled some U.S. Buick dealers about their volume and model-mix expectations for a new vehicle: a compact crossover that has since been launched in China as the Buick Envision. It's two years later and there's no U.S. Envision, leaving industry watchers and dealers scratching their heads.... Read More »

Cadillac 'definitely' bringing diesels to U.S. in several years

12:01 am U.S. ET | Aug. 17, 2015

Cadillac will launch diesel-powered models in the U.S. early in the next decade, said the brand's president, Johan de Nysschen.... Read More »

Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla.... Read More »

Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board.... Read More »

What a difference a Trump -- and a day -- can make for Ford

12:01 am U.S. ET | Aug. 17, 2015

Score another one for Donald Trump.... Read More »

Toyota to embrace online car shopping

12:01 am U.S. ET | Aug. 17, 2015

Toyota plans to unveil its own version of Scion's Pure Process Plus online transaction system within the next six to 12 months.... Read More »

Fine-tune your marketing message with help from experts

12:01 am U.S. ET | Aug. 17, 2015

With a constantly changing marketing landscape, how do you ensure that your message is on target and reaching new and diverse consumers? Five influential automotive marketing executives will speak on that topic at the Automotive News Marketing Seminar on Sept. 22 at the New York Marriott Marquis.... Read More »

Obituary

12:01 am U.S. ET | Aug. 17, 2015

Jean Mayer, who rose through the ranks at Ford Motor Co. to become a global purchasing executive, died Aug. 5. She was 61.... Read More »

De Nysschen's Cadillac: On track, but a slow one

12:01 am U.S. ET | Aug. 16, 2015

Johan de Nysschen says his first-year report card offers a glimpse of his vision for the future, one in which Cadillacs are coveted luxury goods rather than simply decent cars that consumers will consider if the deal is enticing enough.... Read More »

Henrik Fisker designs exotic convertible for Galpin

6:57 am U.S. ET | Aug. 16, 2015

Luxury designer Henrik Fisker has created a convertible variation of the Ford GT Mustang to be sold by Galpin Auto Sports of Los Angeles.... Read More »

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