Daily Email Thursday

ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said.... Read More »

 

S.C. governor tells unionized companies to stay away

2:44 pm U.S. ET | Feb. 20, 2014
South Carolina Governor Nikki Haley, in the wake of the UAW's failed attempt to organize Volkswagen's plant in Chattanooga, is advising companies with union work forces to stay out of her state.... Read More »

 

Fresh from win over UAW at VW, Norquist vows anti-union push

1:44 pm U.S. ET | Feb. 20, 2014
Fresh from helping to defeat a unionization drive at the Volkswagen AG plant in Tennessee, Republican lobbyist Grover Norquist outlined an anti-union strategy that ties labor to liberals, with the long-term goal of sapping union financial support for Democrats.... Read More »

 

China will ease limits on foreign stake in JVs

1:48 pm U.S. ET | Feb. 20, 2014
China's Ministry of Industry and Information Technology wants to loosen ownership restrictions on foreign automakers' joint ventures despite strong opposition from state-owned auto companies.... Read More »

 

GM knew of ignition defect a decade ago, report says

12:53 pm U.S. ET | Feb. 20, 2014
General Motors knew a decade ago about the ignition problems that triggered last week's recall of compact cars, according to a newspaper report that cites documents in a civil lawsuit against GM.... Read More »

 

Ford sued over use of company's hybrid vehicle inventions

11:07 am U.S. ET | Feb. 20, 2014
Ford is accused of developing its hybrid vehicles using technology from a Baltimore company that won a patent-infringement case against Toyota. Paice LLC, in a lawsuit, says hybrid and plug-in versions of Ford's C-Max, Fusion and Lincoln MKZ all infringe its patents covering ways to control electric motors and internal combustion engines so they have increased fuel efficiency and reduced emissions without any loss of performance.... Read More »

 

2014 GENEVA AUTO SHOW

Audi gives TT a fresh look

6:05 am U.S. ET | Feb. 20, 2014
The latest Audi TT coupe, which will debut at the Geneva auto show, will feature more angular styling, a sketch unveiled today by the automaker shows.... Read More »

 

Ford splits with longtime TV pitchman Mike Rowe

7:33 am U.S. ET | Feb. 20, 2014
Ford and longtime pitchman Mike Rowe, host of "Dirty Jobs," have made a clean break. Ford spokesman Chris Preuss said the Detroit automaker has parted ways with the TV personality and host of the Discovery Channel's now cancelled show.... Read More »

 

Tesla Q4 net loss narrows to $16 million

4:17 pm U.S. ET | Feb. 19, 2014
Tesla Motors' fourth-quarter net loss narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher deliveries, strong transaction prices, and manufacturing efficiencies. Tesla said it sold 6,892 cars in the fourth quarter and 22,477 for all of 2013.... Read More »

 

Chrysler to stop publishing N.A. production reports

3:55 pm U.S. ET | Feb. 13, 2014
Chrysler Group will no longer publish monthly North American vehicle production reports, claiming it is not a good representation of the company's finances.... Read More »

 

Penske reports record net income for Q4 and year

11:47 am U.S. ET | Feb. 13, 2014
Penske Automotive Group reported its highest fourth-quarter and full-year net income in company history, driven by higher retail sales and cost controls. For the fourth quarter, Penske's net income rose 21 percent to $59.7 million, as revenue increased 15 percent to $3.86 billion.... Read More »

 

Ford: Crossovers driving global growth

4:21 pm U.S. ET | Feb. 13, 2014
Though the F-150 full-sized pickup drives Ford Motor Co.’s North American sales, compact and subcompact crossovers such as the Escape/Kuga and EcoSport increasingly generate the company’s global growth, Ford marketing boss Jim Farley told journalists today.... Read More »

 

GM recalls 778,000 Cobalts, Pontiac G5s for engine cutoff

7:45 am U.S. ET | Feb. 13, 2014
General Motors is recalling 778,562 Chevrolet Cobalt and Pontiac G5 sedans in North America after six deaths were linked to faulty ignition switches that may have caused engines and air bags to turn off. Key rings that are too heavy or a “jarring event” can cause the ignition switches to come out of the run position, GM said in a statement today. The engine may then shut off and result in a misfire of a crash-sensing algorithm.... Read More »

 

Twitter, eyeing $15 billion auto ad market, says users buy more cars

12:34 pm U.S. ET | Feb. 13, 2014
Twitter, seeking a bigger slice of the more than $15 billion auto-advertising market, said households with users of its service were twice as likely to buy a new car as the average U.S. household.... Read More »

 

Ford to keep Edge crossover production at plant near Toronto

11:12 am U.S. ET | Feb. 13, 2014
Ford will build its redesigned Edge mid-sized crossover at its Oakville Assembly plant near Toronto. The Edge will be exported to more than 60 countries from Oakville, where Ford builds the current Edge as well as three other crossover models, the Ford Flex, Lincoln MKX and Lincoln MKT.... Read More »

 

Bridgestone agrees to pay $425M U.S. fine for bid-rigging rubber auto parts

10:39 am U.S. ET | Feb. 13, 2014
Rubber parts supplier Bridgestone has agreed to plead guilty and pay a $425 million criminal fine for its alleged role in a conspiracy to fix the prices of rubber anti-vibration automotive parts, the Department of Justice said today. The government's ongoing price-fixing investigation into the auto supply chain now has yielded a total of $2.28 billion in criminal fines -- making it the largest single-industry prosecution in antitrust division history.... Read More »

 

BMW cancels shift at S.C. plant again because of severe weather

1:36 pm U.S. ET | Feb. 13, 2014
BMW canceled the “A” shift again today because of severe winter weather in South Carolina.... Read More »

 

China brands face death 'in the cradle' if foreign limits are lifted, group warns

11:34 am U.S. ET | Feb. 13, 2014
Chinese brands will be "killed in the cradle" if the government allows foreign automakers to become more independent from their domestic partners in the world's biggest car market, the country's main auto group warned.... Read More »

 

Marchionne: Chrysler still weighing where to build next minivan

12:34 pm U.S. ET | Feb. 13, 2014
Chrysler Group is still exploring where to build its next minivans and may decide whether to move forward by the end of March, CEO Sergio Marchionne said Thursday in Toronto.... Read More »

 

Ohio dealers launch new front in anti-Tesla battle

12:41 pm U.S. ET | Feb. 13, 2014
Ohio auto dealers are renewing their bid to block Tesla Motors' factory store model.... Read More »

 

BorgWarner Q4 net income rises 17% to $141M

11:33 am U.S. ET | Feb. 13, 2014
BorgWarner, which makes automotive turbochargers and emissions systems, posted a 17 percent gain in fourth-quarter profits on strong demand for all-wheel drive systems, dual clutch transmission modules and other parts in its drivetrain business.... Read More »

 

VW counters Corker, says new product not linked to UAW vote

10:09 pm U.S. ET | Feb. 12, 2014
Volkswagen, in a brief but bluntly worded statement Thursday, said a vote this week on UAW representation at its Chattanooga plant would have no bearing on whether it will build a new crossover vehicle there.... Read More »

 

DIANA T. KURYLKO

Jaguar, aided by 3 villains, ready to challenge

4:37 pm U.S. ET | Feb. 12, 2014
Americans like puppies, Bob Dylan and even angel wings, as shown by the response to this year's Super Bowl commercials. But they also like villains -- so much that Jaguar has decided to post a two-minute director's cut of the 60-second “Rendezvous” commercial it aired during the Super Bowl.... Read More »

 

Barra named world's most powerful woman in business by Fortune

1:40 pm U.S. ET | Feb. 6, 2014
GM CEO Mary Barra has been named the world's most powerful woman in business by Fortune magazine in its inaugural list of the 50 Global Most Powerful Women in Business.... Read More »

 

GM's Q4 profit grows 2% on strong N.A., China results

7:31 am U.S. ET | Feb. 6, 2014
General Motors rode strong pricing in North America and sales growth in China to slightly higher fourth-quarter profits, even as its performance skidded in other international markets. GM said its net income for the October-December period rose 2 percent from a year earlier, to $913 million, marking its 16th straight quarterly profit since exiting bankruptcy.... Read More »

 


Rocket Fuel