Daily Email Wednesday

FCA recalls 144,416 Dodge Journeys to secure engine cover

3:53 pm U.S. ET | July 22, 2015

Fiat Chrysler is recalling an estimated 144,416 Dodge Journey models in the U.S. to better secure their engine covers.... Read More »

Senate bill aims to secure cars from hackers, protect consumer privacy

3:12 pm U.S. ET | July 22, 2015

A bill proposed by two U.S. senators would direct NHTSA and the Federal Trade Commission to establish rules that would secure cars against hackers and protect consumer privacy. The proposal comes as Fiat Chrysler offers a software patch to close a loophole that let two hackers take control of a moving Jeep SUV.... Read More »

Mini, Subaru, Scion improve the most in J.D. Power APEAL Study

10:00 am U.S. ET | July 22, 2015

Mini, Subaru and Scion had the biggest improvements in J.D. Power's latest study of new-vehicle appeal. Porsche was the overall leader for the 11th consecutive year.... Read More »

Google's self-driving cars, mishaps aside, are 'learning the road,' exec says

12:43 pm U.S. ET | July 22, 2015

The head of Google's self-driving car program said the company's test vehicles are very safe and noted recent accidents involving them were minor and actually the fault of other drivers, not Google technology.... Read More »

HANNAH LUTZ

BLOG: How Honda Finance’s settlement could be a win for all retailers

11:30 am U.S. ET | July 22, 2015

At face value, the consent order between Honda Finance and the CFPB over lending practices doesn’t seem like a gift to retailers industrywide, but it could be.... Read More »

Lithia prepares for next acquisition

1:41 pm U.S. ET | July 22, 2015

Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months.... Read More »

Sonic rethinks the appeal of captive finance arm

11:30 am U.S. ET | July 22, 2015

Wary of regulators, Sonic Automotive is slowing its plans to establish a captive finance arm. The Consumer Financial Protection Bureau’s investigations and citations of automakers’ finance arms have given Sonic pause.... Read More »

AutoNation's Q2 net rises 15%; revenue up 9%

8:00 am U.S. ET | July 22, 2015

AutoNation's net income rose 15 percent in the second quarter from the year-earlier period to $115.1 million. Revenue rose 9 percent to $5.22 billion, boosted by higher sales of premium luxury, domestic and import brands, and higher results in new vehicles, used vehicles, parts and service, and finance and insurance operations.... Read More »

Subprime auto-lending veteran calls longer loan maturities new normal

11:30 am U.S. ET | July 22, 2015

The man who created one of the biggest U.S. subprime lenders says there's nothing dangerous about borrowers being given longer car loans.... Read More »

Lithia's Q2 net jumps 34% on DCH purchase

9:19 am U.S. ET | July 22, 2015

Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes.... Read More »

New Aisin Seiki boss pressures supplier to compete

6:33 am U.S. ET | July 22, 2015

A former Toyota executive is telling the carmaker's second-biggest supplier to raise its game across its auto parts businesses or risk being benched.... Read More »

Regulators urge captives to follow Honda Finance's lead

11:30 am U.S. ET | July 15, 2015

Regulators are urging other captive finance arms to follow the lead of American Honda Finance after it entered into a settlement on Tuesday that will see it limit dealer reserve and pay $24 million to consumers harmed by alleged auto-lending discrimination nationwide.... Read More »

Chevy sticks with Kid Rock amid Confederate flag controversy

10:48 am U.S. ET | July 15, 2015

General Motors will still sponsor the Kid Rock summer tour, despite the performer's support of the Confederate flag, the company confirmed today.... Read More »

Ford confirms it will build Lincoln Continental in Michigan plant

4:15 pm U.S. ET | July 15, 2015

The Lincoln Continental, which Ford Motor is bringing back to life next year to replace the MKS sedan, will be assembled at a plant in Flat Rock, Mich. The factory, where the Mustang sports car and Fusion sedan are also assembled, will build the Continental for export to China and other markets, in addition to the U.S., Ford said today.... Read More »

Magna near deal to acquire German transmission maker Getrag, report says

2:30 pm U.S. ET | July 15, 2015

Magna International is nearing an agreement to buy Getrag, one of the largest independent makers of transmissions. A deal could be announced as soon as this week, Bloomberg reported, citing unidentified people familiar with the talks.... Read More »

Subaru recalls 32,400 Imprezas to fix potential airbag problem

10:07 am U.S. ET | July 15, 2015

Subaru of America is recalling some Impreza compact cars for an issue with the occupancy detection system that can prevent the front passenger airbag from deploying during a crash.... Read More »

Toyota taps GoPro to defend truck turf against new GM pickups

12:01 am U.S. ET | July 15, 2015

It's lights, camera and action time in America's suddenly competitive small-pickup segment. The market for small pickups was whittled down to just Toyota and Nissan a year ago. Now GM has returned with 2 trucks. To defend its share, Toyota is borrowing some cool factor from action-camera maker GoPro for the Tacoma's first redesign in a decade.... Read More »

GMC updates Sierra pickup's face for 2016

9:00 am U.S. ET | July 15, 2015

GMC is refreshing the Sierra pickup for the 2016 model year with a redesigned front end in a bid to keep the sales momentum going for one of GM's most profitable vehicles.... Read More »

GM recalls nearly 51,000 Spark, Sonic models for radio, warning glitch

4:00 pm U.S. ET | July 15, 2015

General Motors is recalling nearly 51,000 Spark and Sonic subcompact cars in the U.S. and Canada for a software issue that can turn off warning chimes or in some cases drain the battery.... Read More »

Mobileye offers alternative route to Google's driverless future

8:06 am U.S. ET | July 15, 2015

Automotive technology supplier Mobileye's plans for bringing hands-free driving to market marks a contrast with the headline-grabbing effort by Google, whose moonshot, bottom-up approach aims to transform the auto industry in one dramatic sweep. Mobileye is already making money with systems that lay the stepping stones toward a driverless future.... Read More »

New York dealerships to pay more than $300,000 in deceptive advertising, fraud settlement

11:30 am U.S. ET | July 15, 2015

The New York Attorney General’s Office reached a settlement Tuesday requiring 23 dealerships in the New York area -- the Atlantic Auto Group’s 22 stores and Hyundai of White Plains -- to pay restitution and penalties to resolve false advertising claims, many of which involved vehicle financing.... Read More »

FTC, dealerships settle price-misrepresentation charges

11:30 am U.S. ET | July 15, 2015

In the past three months, the Federal Trade Commission has approved final consent orders involving five dealerships and one loan-acceleration provider for misrepresenting vehicle and add-on costs.... Read More »

Fiat Chrysler in talks to head off NHTSA fines over recalls

5:28 pm U.S. ET | July 14, 2015

Fiat Chrysler Automobiles is in talks with U.S. auto safety regulators to head off potential fines over the company's handling of recalls involving 11 million vehicles, CEO Sergio Marchionne said Tuesday.... Read More »

Bosch mobility unit's N.A. sales grow 10%

1:26 pm U.S. ET | July 8, 2015

North American sales of Robert Bosch LLC's automotive-dominated Mobility Solutions unit grew nearly 10 percent to $8 billion in 2014, the company said today in a press release.... Read More »

Used-vehicle prices rise after 4 down months, Manheim says

2:55 pm U.S. ET | July 8, 2015

Wholesale prices of used vehicles in June were up slightly after four consecutive months of decline, the Manheim Used Vehicle Value Index released today shows.... Read More »

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