Automakers and Suppliers

Group 1 adjusted earnings rise in Q4; Brazil hurts bottom line

7:30 am U.S. ET | Feb. 11, 2016

Group 1 Automotive reported solid growth in fourth-quarter revenue, thanks to higher vehicle sales, but its profit picture was mixed as a result of tighter margins on new cars, especially luxury vehicles, and a one-time charge related to its chain of dealerships in Brazil.... Read More »

Jaguar Land Rover sales decline in China hits parent Tata Motors' profit

Feb. 11, 2016 12:05 CET

Tata Motors said net profit for its latest quarter fell by 2 percent, hit by lower Jaguar Land Rover sales in China, once the luxury unit's fastest-growing market.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's new sales boss predicts continued growth after record 2015

Feb. 11, 2016 06:01 CET

Porsche easily surpassed its goal of 200,000 annual global sales last year and can now look forward to another year of worldwide growth, Detlev von Platen, the brand's new sales boss, told Automotive News Europe.... Read More »

Faurecia raises dividend after sales, margins climb

Feb. 11, 2016 11:24 CET

French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent.... Read More »

Opel will launch long-range, affordable electric car in 2017

Feb. 11, 2016 10:19 CET

GM CEO Mary Barra said Opel/Vauxhall will launch a long-range, affordable electric car called the Ampera-e in 2017. It will share the Chevrolet Bolt's underpinnings.... Read More »

Ram updates off-road offerings with freshened Power Wagon

12:01 am U.S. ET | Feb. 11, 2016

Ram is updating back-country, heavy-duty offerings for 2017 with a freshened Power Wagon trim and expanded off-road packages across its three-quarter-ton pickup lineup.... Read More »

Seat Ateca takes aim at booming SUV market

Feb. 10, 2016 23:12 CET

VW Group's Seat unit unveiled its first SUV, the Ateca, as the brand seeks to benefit from booming demand for high-riding vehicles.... Read More »

Will Japan's auto industry consolidate?

10:21 am U.S. ET | Feb. 10, 2016

Japan's crowded auto industry is poised to look more like other major markets, with three or fewer carmakers left by the end of the decade. That's more than car-loving Germany or the far bigger U.S. market.... Read More »

2016 GENEVA AUTO SHOW

Honda hints at sporty Civic hatchback

Feb. 10, 2016 12:29 CET

Honda will preview its next Civic hatchback with a sporty prototype at the upcoming Geneva auto show. The five-door model will be rolled out globally next year including in the U.S.... Read More »

Renault will launch Koleos successor in Europe

Feb. 10, 2016 06:01 CET

Renault will begin selling a replacement for its Koleos SUV in Europe next year. Unlike its platform sibling, the Nissan X-Trail, the Renault model will not offer a seven-seat version.... Read More »

Chevy freshens Trax as crossover competition multiplies

12:01 am U.S. ET | Feb. 10, 2016

The Chevrolet Trax will get a new face and freshened interior for the 2017 model year, an effort to stay ahead of a slew of newcomers in the burgeoning market for subcompact crossovers.... Read More »

Nissan's Patrol platform yields a new Armada

7:00 pm U.S. ET | Feb. 10, 2016

The 2017 Armada will no longer share its underpinnings and Mississippi factory with the brawny Titan pickup. Instead, Nissan will produce the 2017 Armada in Kyushu, Japan, on the same Nissan Patrol platform that now yields the luxury Infiniti QX80 SUV.... Read More »

Tesla revenue spikes on Model S demand, but Q4 losses grow to $320M

4:55 pm U.S. ET | Feb. 10, 2016

Tesla set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said as it reported a net loss of $320 million, up from $108 million a year earlier.... Read More »

Camaro 1LE performance version will offer V-6

12:01 am U.S. ET | Feb. 10, 2016

The Chevrolet Camaro 1LE track-ready performance model that debuts this week at the Chicago Auto Show will for the first time be offered with a V-6 engine under the hood.... Read More »

About 1 in 5 U.S. vehicles has open safety recall, Carfax says

4:21 pm U.S. ET | Feb. 10, 2016

Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax.... Read More »

Subaru recalls 77,000 Tribecas for hood latch defect

3:58 pm U.S. ET | Feb. 10, 2016

Subaru is recalling 77,000 Tribeca SUVs from the 2006-14 model years in the U.S. for a defect that could cause the hood to unexpectedly open while driving.... Read More »

Cadillac prices XT5 below rivals, but aims high

12:09 pm U.S. ET | Feb. 10, 2016

The new 2017 Cadillac XT5 will have a base sticker price of $39,990, including shipping, when it hits showrooms in April -- about $1,400 more than its predecessor, the SRX, but considerably less than key competitors in the luxury midsize crossover market. The price range will stretch far higher on the XT5 than on the SRX.... Read More »

GM Tech Center employee stabbed on campus

12:33 pm U.S. ET | Feb. 10, 2016

A General Motors employee was in critical condition today after she was stabbed multiple times on the campus of the automaker's Technical Center in Warren, Mich.... Read More »

VW, Audi, BMW recall 1.7 million U.S. cars with Takata airbags

8:27 am U.S. ET | Feb. 10, 2016

The Volkswagen Group of America is recalling about 850,000 vehicles due to potentially faulty airbags made by Japanese supplier Takata -- the company at the center of a long-running global safety crisis. BMW added another 840,000 vehicles to the recall.... Read More »

GM ignition-switch deal will not be reviewed, U.S. judge rules

11:29 am U.S. ET | Feb. 10, 2016

A U.S. judge today rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition-switch defect that prompted GM to recall 2.6 million vehicles.... Read More »

CU Direct's network ranks third, again, in auto-loan originations

11:00 am U.S. ET | Feb. 10, 2016

Credit unions on CU Direct's lending network originated a record 1.06 million auto loans in 2015, up 13 percent. For the second straight year, the CUDL network was the nation's third-biggest lender based on auto loan originations, trailing only Ally and Wells Fargo.... Read More »

Death and leases: The challenge of helping a grieving family

11:00 am U.S. ET | Feb. 10, 2016

When a lease customer dies during his or her term, what happens to the contract? Mercedes-Benz Financial has simplified the required steps for grieving family members.... Read More »

Self-driving cars succumb to snow blindness as driving lanes disappear

6:41 am U.S. ET | Feb. 10, 2016

As automakers race to get robot cars on the road, they're encountering an obstacle very familiar to humans: Old Man Winter. Simple snow can render the most advanced computing power useless and leave vehicles dead on the highway.... Read More »

Leasing on rise and being 'done right,' says Cox economist

10:00 am U.S. ET | Feb. 10, 2016

Although leasing is on the rise, it is “leasing done right” this time, in contrast to “leasing done wrong” in 1999 when leases last peaked and ultimately damaged residual values dramatically, Tom Webb, Cox Automotive chief economist, writes in the Manheim 2016 Used Car Market Report released Monday.... Read More »

BMW drops to 3rd place in global luxury sales race during January

6:30 am U.S. ET | Feb. 10, 2016

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year.... Read More »

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