Daily Email Thursday

Bentley preps fastback Bentayga

1:00 pm U.S. ET | Feb. 4, 2016

Bentley is hatching plans to introduce a sportier, coupelike version of the Bentayga, the brand’s first SUV. Bentley CEO Wolfgang Duerheimer said advance design and engineering work on a performance-enhanced, fastback Bentayga variant are under way, though the program still needs formal approval.... Read More »

GM worker dies at Ohio plant; U.S. investigating

12:06 pm U.S. ET | Feb. 4, 2016

Federal authorities are investigating the death of a General Motors worker at its Defiance, Ohio, casting operations plant this week.... Read More »

Obama seeks $10-a-barrel oil tax for self-driving cars, transport outlays

4:24 pm U.S. ET | Feb. 4, 2016

President Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget to finance self driving cars, public transit, railroads and other transportation improvements, the White House said.... Read More »

Honda will recall 341,000 Accord sedans in U.S. over restraint system

7:09 am U.S. ET | Feb. 4, 2016

Honda said it will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units.... Read More »

Fiat Chrysler preps 2 Super Bowl ads

3:23 pm U.S. ET | Feb. 4, 2016

Fiat Chrysler Automobiles will air two spots during Super Bowl 50 on Sunday. The first ad will air after Coldplay's halftime performance. The second ad will air during the first commercial break in the fourth quarter, FCA revealed today.... Read More »

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations.... Read More »

Brazil wants to lift Mexico, Argentina trade caps as auto crisis deepens

3:44 pm U.S. ET | Feb. 4, 2016

Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the automotive industry had its worst January in a dozen years.... Read More »

Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis.... Read More »

VW, seeking approval on emissions fix, replaces top U.S. lawyer

11:33 am U.S. ET | Feb. 4, 2016

Volkswagen AG replaced the head of its U.S. legal department with an outside lawyer as it seeks approval to fix nearly 600,000 vehicles that had software allowing them to cheat on emission levels.... Read More »

Asbury income, revenues up in Q4; vehicle margins down

11:20 am U.S. ET | Feb. 4, 2016

Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion.... Read More »

CHRISTIAAN HETZNER

BLOG: How GM's 'shampoo princess' is restoring Opel's image

12:01 am U.S. ET | Feb. 4, 2016

Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is playing a pivotal role in restoring the brand's battered image.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Subaru parent says quarterly earnings rise 21%

6:52 am U.S. ET | Feb. 4, 2016

Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit.... Read More »

Cybersecurity experts urge automakers to take steps to stop hackers

4:49 pm U.S. ET | Feb. 3, 2016

As vehicles become increasingly more connected to smartphones, infrastructure and other vehicles, it will become vital for all parties to collaborate and become informed on the risks associated with connectivity, a panel of four experts said at an event in Detroit.... Read More »

Cox Automotive acquires stake in F&I company

1:16 pm U.S. ET | Jan. 28, 2016

Cox Automotive has acquired a minority interest in SilverRock Holdings, which owns three service-contract and insurance companies. The purchase will give dealers affiliated with GO Financial and NextGear Capital the ability to offer consumers extended service contracts, GAP and other insurance, as well as vehicle-theft recovery products.... Read More »

Hyundai's Super Bowl blitz reflects work of new marketing team

9:00 am U.S. ET | Jan. 28, 2016

Whether the Denver Broncos or Carolina Panthers end up winning the Super Bowl, Hyundai wants to come away as the winner of the advertising free-for-all that surrounds America's most-watched live event.... Read More »

GM names executive to lead autonomous driving efforts

4:13 pm U.S. ET | Jan. 28, 2016

GM is reorganizing certain vehicle engineering operations to speed efforts to develop autonomous and electrified vehicles. Doug Parks, GM's vice president for global product programs, will become vice president for autonomous technology and vehicle execution, reporting to global product chief Mark Reuss.... Read More »

GM, Lithia, Koons settle advertising allegations by FTC

1:38 pm U.S. ET | Jan. 28, 2016

GM and two dealership companies, Jim Koons Management and Lithia Motors, will settle allegations that they advertised cars as being carefully inspected when, in fact, they had unrepaired safety recalls, the FTC said.... Read More »

How GM ignition-switch plaintiffs' lawyer botched his big case

11:35 am U.S. ET | Jan. 28, 2016

Plaintiffs' lawyer Robert Hilliard has litigated some 1,300 cases against General Motors over its deadly ignition switches, but he suffered a stunning blow in the middle of a high-visibility trial last week in New York. It was a lucky "Perry Mason" moment for GM.... Read More »

Ford, aiming for pickup fuel economy crown, preps diesel-powered F-150

2:30 pm U.S. ET | Jan. 28, 2016

Ford appears to be gearing up to launch a diesel-powered version of the F-150, possibly as early as next year, and wrest the fuel efficiency crown from the hot-selling Ram 1500 EcoDiesel. Diesel-powered F-150 test trucks have been spotted running around Ford's product development center in Dearborn, Mich.... Read More »

Ford generates $7.4 billion profit for 2015 after strong Q4

7:15 am U.S. ET | Jan. 28, 2016

Ford's net income quintupled in 2015 to $7.4 billion, including $1.9 billion in the fourth quarter, as sales of its high-margin pickups and SUVs surged in a record year for the U.S. auto industry. The company earned a fourth-quarter record of $2 billion in North America.... Read More »

AutoNation's Q4 net drops 16% on discounts, VW charge

7:45 am U.S. ET | Jan. 28, 2016

AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure.... Read More »

Lithia's DCH makes first acquisition

3:36 pm U.S. ET | Jan. 28, 2016

Lithia Motors completed the first purchase through its DCH Auto Group with the acquisition of Riverside Subaru in Riverside, Calif., the company said today.... Read More »

Automatic braking reduces rear-end crashes, IIHS study finds

12:01 am U.S. ET | Jan. 28, 2016

Automatic braking systems were shown in a new study to reduce rear-end crashes by about 40 percent on average, adding momentum to a push by safety groups, regulators and some automakers to equip all new cars with the technology.... Read More »

Gentex Q4 profit, sales rise as mirror shipments increase

12:27 pm U.S. ET | Jan. 28, 2016

Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014.... Read More »

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