OEM Coverage

Ally's second-quarter auto lending flat despite GM pullback

11:45 am U.S. ET | July 29, 2015

Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.8 billion, despite a sharp drop in lease originations for GM vehicles. For the first time, GM accounted for less than half of Ally's auto originations.... Read More »

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran.... Read More »

PSA reports positive H1 earnings for first time in four years

July 29, 2015 08:33 CET

PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold more vehicles at higher prices in its home region and in Asia. Net income was 571 million euros ($631 million), after a 114 million euro loss a year earlier.... Read More »

VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows

July 29, 2015 09:27 CET

Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.... Read More »

Hyundai compact truck based on Santa Cruz concept set for approval

3:15 pm U.S. ET | July 28, 2015

Positive public reaction on the auto show circuit has reportedly helped persuade Hyundai to build the Santa Cruz truck.... Read More »

Ford Q2 net soars 44% for strongest auto profit in 15 years

7:00 am U.S. ET | July 28, 2015

Ford's second-quarter net income increased 44 percent from a year earlier to $1.9 billion, marking the best quarterly profit from its automotive business since 2000. The automaker posted a record quarterly profit in North America, despite lackluster sales in the U.S., as the redesigned F-150 and other vehicles commanded higher prices.... Read More »

Jeep hacking sends warning to BMW, Audi and Mercedes

July 28, 2015 10:55 CET

When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower.... Read More »

GM prices diesel Colorado from $31,700; towing capacity set at 7,700 pounds

9:00 am U.S. ET | July 28, 2015

DETROIT -- The diesel-powered Chevrolet Colorado will be priced from about $31,700 to $38,700, including destination charge, when it debuts this fall.
... Read More »

Jeep fuel-tank fire death verdict slashed to $40 million

4:46 pm U.S. ET | July 28, 2015

A judge in Georgia has reduced a $150 million award to $40 million for the family of a young boy killed when the 1999 Jeep Grand Cherokee in which he was riding was rear-ended and burst into flames, according to orders released on Tuesday.... Read More »

GM plans $5B vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.... Read More »

Daimler, Renault-Nissan detail plans for Mexico JV plant

1:44 pm U.S. ET | July 28, 2015

Daimler and the Renault-Nissan Alliance said today their new plant for Mercedes-Benz and Infiniti cars in Aguascalientes, Mexico, will employ some 3,600 staff and have an initial production capacity of more than 230,000 vehicles.... Read More »

GM prices diesel Chevy Colorado from $31,700

9:00 am U.S. ET | July 28, 2015

The diesel-powered Chevrolet Colorado will be priced from about $31,700 to $38,700, including destination charge, when it debuts this fall. It will also have a towing capacity of 7,700 pounds, GM said today.... Read More »

Jeep hacking sends warning to BMW, Audi and Mercedes

4:55 am U.S. ET | July 28, 2015

When friendly hackers landed a Jeep Cherokee in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the luxury automakers compete increasingly on technology rather than just horsepower.... Read More »

RICHARD TRUETT

BLOG: GM's new powertrain boss, with bases covered, aims for high batting average

12:00 pm U.S. ET | July 28, 2015

Dan Nicholson is charged with ensuring GM Powertrain does its part to improve the fuel economy of the company's North American vehicles about 5 percent a year to reach the 2025 fleet average of 54.5 mpg target set by the U.S.... Read More »

Chinese supplier YFS to build plant in Detroit

3:08 pm U.S. ET | July 28, 2015

Chinese auto supplier YFS Automotive Systems said it plans to construct a 150,000-square-foot plant on 30 acres of vacant industrial property in Detroit.... Read More »

Ally's Q2 auto lending flat despite GM pullback

1:12 pm U.S. ET | July 28, 2015

Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.8 billion, despite a sharp drop in lease originations for General Motors vehicles, the company said today.... Read More »

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET

Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Reuters.... Read More »

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.... Read More »

Mercedes-Benz Financial leads in dealer satisfaction, J.D. Power finds

8:00 am U.S. ET | July 27, 2015

Mercedes-Benz Financial Services ranks No. 1 among auto lenders in terms of dealerships' satisfaction with lenders' services, according to a study released today by J.D. Power.... Read More »

J FERRON

Thinking outside the customers' box

12:01 am U.S. ET | July 27, 2015

Innovation drives the automotive industry. But what drives innovation? I get that question all the time in the Automotive News PACE Awards Program, now in its 22nd year, where independent judges study companies that commercialize innovative products and processes. How companies innovate is only the starting point. More important is understanding why they risk capital and resources.... Read More »

Dodge cancels unfilled '15 Hellcat orders, doubles '16 output

12:01 am U.S. ET | July 27, 2015

Dodge will more than double Hellcat Charger and Challenger production for 2016. But about 900 unfilled 2015 orders will be canceled.... Read More »

Fiat Chrysler under tighter scrutiny after record NHTSA penalty

4:10 pm U.S. ET | July 27, 2015

Fiat Chrysler Automobiles agreed to pay a $70 million fine, accept three years of close oversight by an independent monitor and buy back thousands of pickup trucks as part of a far-reaching consent agreement to settle a U.S. government probe into 23 safety recalls since 2009.... Read More »

At last, Honda and Toyota prepare for turbo charge

12:01 am U.S. ET | July 27, 2015

After years of setting the pace in fuel economy without relying on technologies like turbocharging, direct injection or CVTs, Japan's big three will spend the next several years playing catch-up.... Read More »

1,100-hp supercar's problem? 'Too powerful'

12:01 am U.S. ET | July 27, 2015

The founder of Denmark's Zenvo might have to go to a four-wheel-drive system for the next model, just to make the replacement for the 1,104-hp ST1 more drivable. “It's too powerful,” founder Troels Vollertsen told Automotive News.... Read More »

Hack attack vs. FCA shows flaws with rush to connectivity

12:01 am U.S. ET | July 27, 2015

By the time it was publicized last week that hackers managed to take over a Jeep Cherokee, Fiat Chrysler had posted an urgent security patch on its website and was scrambling to further lock down the system. But the industry's response is only now ramping up, as automakers come to terms with the implications of building devices that increasingly function as networked computers on wheels.... Read More »

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