Daily Email Wednesday

Next Malibu tackles weight, space challenges

9:49 am U.S. ET | March 4, 2015
The next-generation Chevrolet Malibu will have more interior space and weigh 300 pounds less than the current car, General Motors said today.... Read More »

 

U.S. light-vehicle fuel economy slips 0.2 mpg in February, report says

3:47 pm U.S. ET | March 4, 2015
The average fuel economy of light vehicles sold in the U.S. decreased 0.2 mpg last month from January, likely because of severe weather in much of the country, according to a monthly report by the University of Michigan Transportation Research Institute.... Read More »

 

NHTSA expands Ford Fiesta door-latch probe to 2013 Fusion, Lincoln MKZ

3:37 pm U.S. ET | March 4, 2015
The National Highway Traffic Safety Administration is expanding a September investigation of door-latch failure in the 2011-13 Ford Fiesta to include the 2013 Fusion and Lincoln MKZ.... Read More »

 

AutoNation's 8% sales gain beats market for Feb.

11:14 am U.S. ET | March 4, 2015
AutoNation said its new-vehicle retail sales jumped 8 percent in February compared to a year earlier, reaching 23,780 new units.... Read More »

 

Ram will expand lineup of CNG-powered trucks

1:11 pm U.S. ET | March 4, 2015
Fiat Chrysler is expanding the availability of compressed natural gas on its heavy duty Ram pickup. The CNG-fueled truck, originally engineered for fleet operators, is available now only in a four-door crew cab, four-wheel-drive and long-bed model. This fall, the truck will be offered in a regular cab two-door body style with two-wheel drive and a long bed.... Read More »

 

Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015
Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said.... Read More »

 

ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015
EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today.... Read More »

 

HANS GREIMEL

BYD heralds its vehicle sales in Japan

1:04 pm U.S. ET | March 4, 2015
Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan's auto market?... Read More »

 

Audi spreads wireless connectivity to nearly all 2016 models

10:53 am U.S. ET | March 4, 2015
Audi said it plans to equip nearly all of its 2016 model-year vehicles with 4G LTE or 3G high-speed data connectivity to give drivers Wi-Fi access from the road.... Read More »

 

Apple explores resolution of A123 Systems’ poaching suit

6:59 am U.S. ET | March 4, 2015
Apple said it’s exploring a potential resolution of a lawsuit in which it’s accused of poaching employees from a lithium ion battery maker amid reports that it’s trying to develop an electric car.... Read More »

 

Daimler to build Sprinter vans in South Carolina, lawmaker says

8:29 pm U.S. ET | March 3, 2015
Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday.... Read More »

 

Fiat Chrysler may sell more than 10% of Ferrari in New York IPO

4:57 pm U.S. ET | March 3, 2015
Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer.... Read More »

 

Santander Consumer USA to pay $9.35 million settlement over military repos

3:07 pm U.S. ET | Feb. 25, 2015
Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justice said.... Read More »

 

Sonic is most-improved in Q4 F&I revenue

11:22 am U.S. ET | Feb. 25, 2015
Sonic Automotive Inc. posted the biggest increase in average F&I revenue per vehicle in the fourth quarter among the six public new-car retail groups, the tallies, completed today, show.... Read More »

 

GM cutting production at 2 plants as car inventory mounts, sources say

11:12 am U.S. ET | Feb. 25, 2015
General Motors is trimming production at two of its car plants amid mounting dealer inventories, an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models.... Read More »

 

Lexus wins 4th straight J.D. Power dependability title; Buick rises to No. 2

10:00 am U.S. ET | Feb. 25, 2015
Toyota's Lexus claimed its fourth consecutive title as most-dependable automotive brand after three years of ownership while corporate sibling Scion jumped to ninth place from 22nd a year earlier, J.D. Power and Associates said today. Buick came in at No. 2, rising three spots from last year.... Read More »

 

U.S. auto sales roar toward strongest February since 2002

2:00 pm U.S. ET | Feb. 25, 2015
U.S. auto sales are on pace for the best February since 2002, forecasters say, even as relentless snow slowed demand in the Northeast. February is expected to mark the 12th consecutive month of year-over-year gains for the industry. Analysts said sales have been minimally affected by rising gasoline prices and a work stoppage at West Coast ports that could reduce March inventories of some vehicles imported from Asia.... Read More »

 

Lithia Q4 net income jumps 50% as it makes acquisitions top priority

9:38 am U.S. ET | Feb. 25, 2015
Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter.... Read More »

 

Consumer Portfolio gains volume; retraining continues after FTC action

10:57 am U.S. ET | Feb. 25, 2015
Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the Federal Trade Commission last year.... Read More »

 

Lender groups want answers from the CFPB

12:15 pm U.S. ET | Feb. 25, 2015
A letter sent last week by the American Financial Services Association and other trade associations to Richard Cordray, director of the Consumer Financial Protection Bureau, was aimed at prodding the CFPB to publicly respond to a study AFSA commissioned last year.... Read More »

 

Reports of growing auto loan delinquencies are overblown, credit bureaus say

10:39 am U.S. ET | Feb. 25, 2015
Despite media notions that U.S. auto loan delinquencies are accelerating, they are in fact trending flat, credit reporting bureaus Equifax and Experian Automotive said last week.
... Read More »

 

Blazing-fast McLaren 675LT to debut in Geneva

9:20 am U.S. ET | Feb. 25, 2015
British sports car manufacturer McLaren Automotive plans to introduce the 675LT at next week’s Geneva auto show. The sleek coupe can top 120 mph in a faster amount of time than many normal cars can get to 60 mph.... Read More »

 

Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe.... Read More »

 

Toyota says union pay demand 'impossible' because costs would jump

6:19 am U.S. ET | Feb. 25, 2015
Toyota rebuffed the largest wage increase proposal from its union since 1998, saying the raise would lift costs by about $168 million.... Read More »

 

JPMorgan says U.S. examining racial disparities on car loans

11:03 pm U.S. ET | Feb. 24, 2015
JPMorgan Chase, the largest US bank, said it’s in talks with the Department of Justice about possible racial disparities in markups that auto dealers charged on loans.... Read More »

 

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