Daily Email Thursday

GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.... Read More »

Pricing pressure in U.S., China raises fears about future auto profits

3:20 pm U.S. ET | April 23, 2015

The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits.... Read More »

Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers

3:40 pm U.S. ET | April 23, 2015

Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. The plant builds the Focus and C-Max, whose sales are down a combined 22 percent this year after falling 15 percent last year.... Read More »

Fiat Chrysler recalls 46,000 vehicles for ignition switch, airbag issues

2:48 pm U.S. ET | April 23, 2015

Fiat Chrysler is recalling 43,874 Jeep Liberty, Jeep Wrangler and Dodge Viper models for possible ignition-switch issues and 2,408 Ram ProMaster City models for airbag problems.... Read More »

GM Financial Q1 net rises as lease volume skyrockets

2:17 pm U.S. ET | April 23, 2015

Captive finance company GM Financial had a giant increase in lease volume in the first quarter, as parent company GM switched to GM Financial as its exclusive preferred lender for Buick, Cadillac, Chevrolet and GMC subsidized leases.... Read More »

Dealerships can gain an edge with Spanish-language marketing

2:10 pm U.S. ET | April 23, 2015

Dealerships willing to advertise and post videos in Spanish face little competition reaching a growing number of Latino car buyers, said Ricky Lopez, Internet director at David Maus Toyota in Sanford, Fla.... Read More »

JESSE SNYDER

BLOG: Midsize with a four-banger or large and loaded? How auto insurance affects consumers' buying power

11:32 am U.S. ET | April 23, 2015

Want $7,700 more to spend on a new car? Move from Michigan to Maine before you insure it. That's because U.S. insurance premiums on a new vehicle vary wildly by state, according Insure.com... Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector.... Read More »

GM gets boost from smaller pickups, but doubters question for how long

10:29 am U.S. ET | April 23, 2015

General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models.... Read More »

Hyundai may boost SUV capacity in U.S., China after Q1 profit dips

10:04 am U.S. ET | April 23, 2015

South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends.... Read More »

Ford F-150 regular cab, SuperCab join SuperCrew with 5-star safety ratings

7:00 pm U.S. ET | April 22, 2015

The redesigned Ford F-150 pickup has earned the government's highest possible crash safety rating, answering worries that the truck's all-new aluminum body would compromise crashworthiness.... Read More »

GM, Clemson roll out Deep Orange concept for urban, young buyers

6:30 pm U.S. ET | April 22, 2015

GM and Clemson University students unveiled a vehicle -- Deep Orange 5 -- aimed at young, price-conscious consumers in big cities that takes the connected, digital car to a new level.... Read More »

U.S. House OKs bill to kill 'death tax'

3:50 pm U.S. ET | April 16, 2015

The House of Representatives passed a bill to repeal the 40 percent tax applied on estates worth more than $5 million, which dealers have long complained could saddle their family members with huge tax bills should they die unexpectedly. A similar bill has been introduced in the Republican-controlled Senate.... Read More »

Frank Audette, longtime Detroit area Cadillac dealer, dead at 90

3:28 pm U.S. ET | April 16, 2015

Frank Audette, the creator of the Troy Motor Mall and founder of the former Audette Cadillac dealership in suburban Detroit, died April 10. He was 90.... Read More »

Chinese automakers are taking over the hottest SUV market

12:34 pm U.S. ET | April 16, 2015

After years of losing out to foreign brands, China's automakers are winning in the world's hottest SUV market by employing a tried-and-tested strategy: offering them cheap.... Read More »

Aluminum F-150 improves crash-test rating from all-steel predecessor

9:48 am U.S. ET | April 16, 2015

The aluminum-bodied Ford F-150 has earned a better government crash-test rating than its all-steel predecessor, countering any concerns that the lighter material would result in a weaker truck and eliminating one of the Chevrolet Silverado's advantages.... Read More »

Magna to sell interiors unit to Grupo Antolin for $525 million

9:17 am U.S. ET | April 16, 2015

Canadian auto supplier Magna has agreed to sell its interiors operations to Grupo Antolin, a Spanish supplier with global operations, in a deal valued at about $525 million, Magna said today in a statement.... Read More »

Chinese conglomerate completes acquisition of Prestolite Electric

1:11 pm U.S. ET | April 16, 2015

Chinese conglomerate Zhongshan Broad-Ocean Motor has completed its acquisition of Michigan-based supplier Prestolite Electric LLC.... Read More »

Volkswagen extends Routan ignition-switch recalls

12:55 pm U.S. ET | April 16, 2015

Volkswagen is recalling 20,676 Routan minivans with potentially faulty ignition switches. It is an extension of recalls for ignition-switch defects that replaced only detent plungers, instead of the full ignition switch.... Read More »

Chevy runs digital video ads in print

10:54 am U.S. ET | April 16, 2015

Chevrolet has purchased a series of print ads to show off digital videos promoting the Colorado pickup.... Read More »

Fiat goes Dutch with first annual investor meeting in Amsterdam

6:38 am U.S. ET | April 16, 2015

After a century of meeting in Italy, Fiat shareholders convened today in Amsterdam, swapping the company's Lingotto factory with its rooftop racetrack for a luxury hotel in the Dutch city's red light district. Only 10 investors attended the session.... Read More »

Toyota engineer doubts electric cars will spread even with rapid chargers

6:50 am U.S. ET | April 16, 2015

Battery-powered electric vehicles don't have a practical future as a long-range alternative to conventional cars even if technological breakthroughs allow them to be charged quickly, a top Toyota engineer said today.... Read More »

GM is shielded from some ignition-switch suits, ruling finds

4:45 pm U.S. ET | April 15, 2015

General Motors will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a federal bankruptcy judge ruled Wednesday.... Read More »

VIDEO: Seattle VW dealer mixes metrics and fun

12:01 am U.S. ET | April 13, 2015

Matthew Welch may own Auburn Volkswagen, but the title he cherishes is “chief relationship officer.'' In that role, he relentlessly pushes communication, whether by spreading “true rumors” or holding team meetings to discuss “WIGs” – wildly important goals. The effort has yielded better metrics for tire sales and parts orders. There's a big intangible, too. As Welch says: “You have to run it like a business, but why can't you have fun?”... Read More »

GM considers big investments in Michigan tech center

12:00 pm U.S. ET | April 9, 2015

General Motors is considering a multiyear expansion project at its Warren Tech Center in Michigan that would include new buildings, renovations and more jobs.... Read More »

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