Automakers and Suppliers

Lear Q4 profits surge on North America growth

10:12 am U.S. ET | Jan. 30, 2015
Seating and electronics supplier Lear reported better-than-expected fourth-quarter profits due to strong demand from North America.... Read More »

 

Audi could hit 2 million sales goal ahead of 2020

Jan. 30, 2015 15:43 CET
Audi could reach its goal of 2 million sales a year before its 2020 target, helped by models such as the A4 sedan, the flagship Q7 SUV and the R8 sports car, CEO Rupert Stadler said.... Read More »

 

BMW, Mini and Rolls-Royce cars found vulnerable to being unlocked by hackers

Jan. 30, 2015 15:14 CET
BMW brand, Mini and Rolls-Royce vehicles equipped with BMW Group's ConnectedDrive service can be vulnerable to hackers who can tap into a security flaw in a digital-service system to wirelessly open cars, Germany's ADAC auto club said.... Read More »

 

BMW, Toyota may cooperate on entry-level Mini, report says

Jan. 30, 2015 06:01 CET
BMW and Toyota may cooperate on a small, decontented entry model for the Mini lineup that would be called the Minor, a German media report said. Toyota could sell its own version of the car, which may be called the Starlet, the report added.... Read More »

 

Bosch says automotive sales rose 9% in 2014

Jan. 30, 2015 11:30 CET
Bosch said revenue at its automotive division rose 9 percent to 33.3 billion euros ($37.7 billion) last year, boosted by growth in sales of car safety, fuel-saving technology and infotainment systems. The supplier also said it is looking at acquisitions for its non-automotive businesses to reduce dependence on the car industry.... Read More »

 

2015 GENEVA AUTO SHOW

Mitsubishi concept teases next ASX, bolder design

Jan. 30, 2015 06:01 CET
Mitsubishi will use the Geneva auto show to reveal a plug-in hybrid concept that previews the next ASX compact crossover and showcases the brand's bolder design language.... Read More »

 

Renault will increase dealer rebates in China as market demand slows

Jan. 30, 2015 11:32 CET
Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association.... Read More »

 

European suppliers poised for boost from self-driving cars, lower emissions

Jan. 30, 2015 06:01 CET
European suppliers such as Faurecia and Valeo have a five- to 10-year window for above-average organic growth because of trends such as the race to produce vehicles that can drive themselves and to build cars that are more fuel efficient, according to a report.... Read More »

 

ANE's February e-magazine goes live Monday

Jan. 30, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 2. This month's edition looks at Europe's big 2014 sales winners and explains why 2015 is off to a positive start.... Read More »

 

Honda cuts profit target as Takata airbag recalls bite

2:52 am U.S. ET | Jan. 30, 2015
Honda sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata. Honda also said third-quarter earnings fell 23 percent as it soaked up recall costs.... Read More »

 

THE TAKATA RECALL CRISIS

New crash death may be linked to Takata airbag

6:21 pm U.S. ET | Jan. 29, 2015
American Honda has alerted federal safety regulators to another fatal crash involving the possible rupture of an airbag inflator made by Takata, the embattled supplier whose airbags are behind the recall of some 24 million vehicles worldwide.... Read More »

 

GM will suspend output at Russian plant

Jan. 29, 2015 20:01 CET
General Motors will suspend production at its plant in St. Petersburg, Russia, from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.... Read More »

 

Group 1 and Prestige settle Fla. buy-sell dispute

3:50 pm U.S. ET | Jan. 29, 2015
A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said.... Read More »

 

THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries.... Read More »

 

Fiat Chrysler to air 3 Super Bowl ads

4:21 pm U.S. ET | Jan. 29, 2015
Fiat Chrysler says it will air three Super Bowl commercials during Sunday's game. The first ad is slated to air as the first commercial after the two-minute warning in the second quarter.... Read More »

 

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."... Read More »

 

2015 CHICAGO AUTO SHOW

Kia to unveil off-roader concept at Chicago show

3:34 pm U.S. ET | Jan. 29, 2015
Kia Motors will unveil a rugged concept car with electric all-wheel drive at the Chicago Auto Show, the automaker said today as it released a teaser image.... Read More »

 

VW could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said.... Read More »

 

U.S. driver death rates fall more than a third in 3 years, IIHS says

2:40 pm U.S. ET | Jan. 29, 2015
After the year of the recall, the Insurance Institute for Highway Safety shared some positive news about vehicle safety: The likelihood of driver deaths in late-model vehicles has fallen more than a third in the US in three years, IIHS said in a status report today.... Read More »

 

GM's lease incentive move to captive unit surprised, angered Ally's chief

11:40 am U.S. ET | Jan. 29, 2015
General Motors' recent move to steer 100 percent of its Buick, Cadillac and GMC lease incentives in the US to captive finance company GM Financial took Ally Financial by surprise, Ally CEO Michael Carpenter said during a conference call today.... Read More »

 

Toyota recalls 52,000 Avalons to fix potential wiring fire hazard

10:13 am U.S. ET | Jan. 29, 2015
Toyota Motor Sales USA said it plans to recall about 52,000 Avalon sedans from the 2011-12 model years for wiring that could cause a fire.... Read More »

 

Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.... Read More »

 

Bollore eyes Los Angeles in car-sharing expansion

Jan. 29, 2015 11:45 CET
Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.The French car-sharing service currently has about 70,000 subscribers in Paris.... Read More »

 

Daimler, Schaeffler hit by German strikes

Jan. 29, 2015 11:21 CET
Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday. Further warning stoppages are expected today and in the coming weeks.... Read More »

 

Lending by credit unions, others grew in 2014

11:00 am U.S. ET | Jan. 28, 2015
Credit unions and other lenders are beginning to release data that confirm what the industry knows: Last year, when U.S. new light-vehicle sales rose 6 percent, was a very good year for vehicle lending.... Read More »

 

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