Buffett to buy Van Tuyl dealership group, create Berkshire Hathaway Automotive

8:40 am U.S. ET | Oct. 2, 2014
Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive.... Read More »

 

Toyota keeps European sales target despite Russian market slump

Oct. 2, 2014 14:42 CET
Toyota expects its focus on high-end vehicles in Russia will help it ride out the worst effects of the market slump in the country. The automaker says it is sticking to its target of increasing European sales to a million vehicles next year.... Read More »

 

First Shift: Sept. winners, losers

12:01 am U.S. ET | Oct. 2, 2014
Lower pump prices fuel surge in U.S. truck sales; Tesla mystery vehicle?; VW's big surprise, plug-ins plentiful in Paris.... Read More »

 

2014 PARIS AUTO SHOW

Fiat expects 500X's Italian styling to win sales in booming segment

Oct. 2, 2014 12:37 CET
Fiat is touting the 500X's Italian styling as a standout feature that will help the car win sales in the booming but hotly contested subcompact crossover segment.... Read More »

 

DAVE GUILFORD

Will the customer buy what governments demand?

7:30 am U.S. ET | Oct. 2, 2014
Audi CEO Rupert Stadler says that after a global wave of new emissions and fuel economy regulations, the automotive industry needs a break. In doing so, he's warning about the unintended consequences of rapid regulatory change.... Read More »

 

2014 PARIS AUTO SHOW

Lamborghini unveils 910-hp hybrid Asterion

Oct. 2, 2014 09:45 CET
Lamborghini has unveiled the mid-engine, all-wheel-drive Asterion LPI 910-4 hybrid concept. The supercar uses a 5.2-liter V-10 engine from the brand's Huracan model as well as three electric motors to produce a combined 910 hp.... Read More »

 

2014 PARIS AUTO SHOW

Renault bets on SUV looks to revive Espace

Oct. 2, 2014 10:46 CET
Renault has turned the new Espace into a crossover from a minivan as it seeks to revive the model's European sales and follow a market shift to more rugged-looking vehicles.... Read More »

 

DOUGLAS A. BOLDUC

XC90 boosts Volvo CEO's belief in e-commerce

6:41 am U.S. ET | Oct. 2, 2014
Volvo CEO Hakan Samuelsson's belief in e-commerce got a huge boost because of the XC90.... Read More »

 

Hyundai Motor workers approve 2014 wage pact, end strikes

7:08 am U.S. ET | Oct. 2, 2014
Hyundai Motor's union workers in South Korea agreed to end strikes that may have cost the company more than 900 billion won ($847 million) in lost output after they accepted the carmaker’s proposal to increase wages.... Read More »

 

Tesla's Musk hints at a new model and 'something else'

6:37 am U.S. ET | Oct. 2, 2014
Tesla Motors CEO Elon Musk sent out a cryptic tweet, saying it is "about time to unveil the D and something else," with an accompanying photo which mentioned a date, Oct. 9.... Read More »

 

DIANA T. KURYLKO

Making a splashy entrance in Paris

12:01 am U.S. ET | Oct. 2, 2014
Land Rover pulled the wraps off its new compact Discovery Sport at a pre-show event for journalists, hauling it up the Seine River on a massive barge.... Read More »

 

2014 PARIS AUTO SHOW

Infiniti Q80 will boost brand in Europe, exec says

Oct. 2, 2014 09:17 CET
Infiniti will launch a production version of its Q80 Inspiration concept sedan within three to five years to rival models such as the Porsche Panamera and help boost the brand's image and sales in Europe.... Read More »

 

Fiat says Luxembourg tax deal probe will not significantly impact finances

Oct. 2, 2014 09:09 CET
Fiat said the potential financial impact of a European Commission probe into a tax agreement granted by Luxembourg to one of its subsidiaries would not be significant.... Read More »

 

Mercedes tops BMW in monthly luxury sales

5:00 pm U.S. ET | Oct. 1, 2014
Mercedes-Benz's record September in the United States was enough to top the BMW brand in the luxury sales race, but BMW held a small lead for the first nine months of the year.... Read More »

 

SEPTEMBER U.S. AUTO SALES

GM, Nissan, Chrysler gains propel market to 9% increase

8:00 am U.S. ET | Oct. 1, 2014
U.S. light-vehicle sales -- paced by truck-fueled gains at GM, Chrysler Group and Nissan Group -- rose 9 percent in a September marked by sharp brand advances and a few steep declines. The industry-wide results were just below forecasts and cooler than the scorching rate of sales set in August. Still, they reflect a market coasting toward its fifth straight year of recovery following the 2007-09 recession. The SAAR has topped 16 million for 6 straight months.... Read More »

 

MIKE COLIAS

What the new Opel Corsa and next-gen Chevy Volt have in common

1:33 pm U.S. ET | Oct. 1, 2014
It wasn't long ago when the smallest engine in one of General Motors' smallest European cars wouldn't have stood a chance of showing up under hoods in the United States. But times have changed, thanks to tightening fuel-economy and emissions standards.... Read More »

 

First Shift: Ford hiring 1,000 in Canada

12:01 am U.S. ET | Oct. 1, 2014
Overseas exports for redesigned Edge; GM landmark; dealer Irma Elder, Chevy collector Ray Lambrecht die; Detroit truck tactics.... Read More »

 

2014 PARIS AUTO SHOW

VW, Porsche, Lamborghini roll out plug-in hybrids

Oct. 1, 2014 23:33 CET
VW Group premiered four plug-in hybrids in Paris. The VW Passat GTE and Porsche Cayenne S E-Hybrid production cars as well as the Lamborghini Asterion and XL Sport concepts are aimed at helping VW meet tougher CO2 targets.... Read More »

 

2014 PARIS AUTO SHOW

Lamborghini, Ferrari supercars join fuel sippers as show stars

Oct. 1, 2014 06:01 CET
Supercars such as a new 900hp Lamborghini and the Ferrari 458 Speciale A will line up alongside fuel-efficient plug-in hybrids such as the VW Passat GTE at the Paris auto show. The Mercedes-AMG GT and Jaguar XE will also debut.... Read More »

 

GM predicts Europe profit in '16, ending years of losses

Oct. 1, 2014 18:02 CET
GM said it expects its first profit in Europe in more than a decade in 2016. CEO Mary Barra said the target for Europe took into account steps to minimize the effect of the downturn in the Russia.... Read More »

 

RICHARD JOHNSON

Ghosn's take on being on the front lines in battle for auto talent

5:53 pm U.S. ET | Oct. 1, 2014
How does Carlos Ghosn feel about the high-level executives who have left Renault-Nissan of late? He takes it all in Ghosn-like stride, which is to say: analytically, not emotionally.... Read More »

 

Winterkorn warns EU on overburdening automakers on CO2 emissions

Oct. 1, 2014 22:00 CET
Volkswagen CEO Martin Winterkorn warned EU regulators that it would be "fatal" to overburden the auto industry with tougher CO2 emission targets before a market can develop for electric cars, plug-in hybrids and other fuel-efficient models.... Read More »

 

PSA's Tavares keeps door open to partnerships

Oct. 1, 2014 16:42 CET
PSA CEO Carlos Tavares says the carmaker is open to potential partnerships but must first complete its restructuring. In July, PSA reported a surprise surge in first-half cash flow and the first auto-division profit in three years.... Read More »

 

Italy car sales rise 3% in September

Oct. 1, 2014 19:33 CET
New-car registrations in Italy rose 3 percent in September, according to data published by the country's transport ministry. Full-year sales are seen rising to about 1.35 million, up from the 1.3 million units sold last year.... Read More »

 

2014 PARIS AUTO SHOW

Opel expects new Corsa to remain a best seller

Oct. 1, 2014 15:48 CET
Opel hopes its heavily reworked Corsa will remain the automaker's best seller in Europe. CEO Karl-Thomas Neumann said new driver assistance and infotainment systems will help maintain the car's success.... Read More »

 

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