Daily Email Thursday

Loan amounts, payments reach new highs

11:00 am U.S. ET | March 4, 2015
The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3.5 percent, from the year-earlier quarter and a rise of $582, or 2.1 percent, from the previous high of $27,799, set in the third quarter last year.... Read More »

 

Ford hires 400 more than planned in Canada to support output of new Edge

12:01 am U.S. ET | Feb. 26, 2015
Ford has hired about 400 more workers than it previously said it would need to build the redesigned Edge crossover in Canada.... Read More »

 

Mini designers dream up a racy Clubman for 'Gran Turismo 6' video game

3:59 pm U.S. ET | Feb. 26, 2015
Mini has joined a growing list of automakers that have released high-performance concepts for “Gran Turismo 6” on the PlayStation 3 game system.... Read More »

 

Strike ends at Brazil GM plant after union flexes muscle

4:13 pm U.S. ET | Feb. 26, 2015
Workers at a General Motors factory in Brazil ended a six-day strike today after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.... Read More »

 

U.S. Senate panel OKs auto industry whistleblower incentive

1:18 pm U.S. ET | Feb. 26, 2015
A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a US Senate panel today.... Read More »

 

Fiat Chrysler to review its digital agency business, report says

12:37 pm U.S. ET | Feb. 26, 2015
Fiat Chrysler Automobiles has begun a digital agency review, people familiar with the matter told Advertising Age, an affiliate of Automotive News.... Read More »

 

Automakers choose aerospace firm to run Takata airbag tests

10:54 am U.S. ET | Feb. 26, 2015
A consortium of 10 automakers formed to investigate the root cause behind Takata airbag inflator ruptures said today they have selected Orbital ATK to test the supplier's troubled inflators on their behalf.... Read More »

 

Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year.... Read More »

 

GM cuts capacity, jobs in Indonesia, where Japanese dominate

7:32 am U.S. ET | Feb. 26, 2015
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs.... Read More »

 

U.S. orders Takata to preserve airbag inflators for federal probe

4:39 pm U.S. ET | Feb. 25, 2015
A federal safety regulator on Wednesday ordered troubled Japanese supplier Takata to preserve all airbag inflators removed through a recall process as evidence for a federal investigation and private litigation cases.... Read More »

 

Delphi's thermal unit is bought by Mahle for $727 million

4:40 am U.S. ET | Feb. 19, 2015
German auto supplier Mahle has agreed to buy rival Delphi's air conditioning business for $727 million, expanding its thermal management expertise as cars make greater use of electric motors and batteries that need special cooling.... Read More »

 

2015 GENEVA AUTO SHOW

Infiniti reveals photo of QX30 crossover concept

9:16 am U.S. ET | Feb. 19, 2015
Infiniti released a full photo of its QX30 crossover concept today in advance of the 2015 Geneva auto show.... Read More »

 

Volkswagen to promote Porsche CEO to management board, reports say

11:51 am U.S. ET | Feb. 19, 2015
Volkswagen plans to promote Matthias Mueller, currently head of Porsche, to its management board, reports said. Mueller will get a newly created post overseeing cooperation among VW Group's luxury sports brands, the reports said.... Read More »

 

JAMIE LaREAU

Volvo captive finance's plan to help spur sales of Volvo's XC90

3:30 pm U.S. ET | Feb. 19, 2015
The redesigned 2016 Volvo XC90 is “the big” launch facing Volvo's captive finance company. Just ask Dan Romagnoli. He is the man responsible for making sure dealers get enough financing support to sell the heck out of the crossover when it goes on sale in May.... Read More »

 

U.S. consumers expect gas prices to rise again, survey finds

3:37 pm U.S. ET | Feb. 19, 2015
Gas prices in the United States may be down, but consumers don’t expect the lower prices to last.... Read More »

 

Dana posts gains in Q4 net income

12:27 pm U.S. ET | Feb. 19, 2015
Powertrain component supplier Dana Holding reported gains in net income for the fourth quarter and 2014, but slipped in revenue in both the quarter and year. Net income for the quarter was $109 million, up from $42 million in 2013.... Read More »

 

GM names new top lawyer as embattled Millikin retires

9:43 am U.S. ET | Feb. 19, 2015
General Motors has named Craig Glidden, the top attorney at a global plastics and chemicals refiner, to succeed departing chief counsel Michael Millikin. Glidden, 57, oversaw legal, communications, government-affairs and compliance functions at LyondellBasell Industries, a Dutch company with US headquarters in Houston. Before that, he was general counsel at Chevron Phillips Chemical Co.... Read More »

 

Subaru ranks high in dealer attitude survey

12:01 am U.S. ET | Feb. 16, 2015
Subaru ranked third overall in the Summer 2014 NADA Dealer Attitude Survey, behind Lexus and Toyota and ahead of Porsche and Ford.... Read More »

 

As Hispanics buy more cars, stores add videos in Spanish

12:01 am U.S. ET | Feb. 16, 2015
Eighteen months ago, Coast Nissan in San Luis Obispo, Calif., introduced Spanish-language videos with each car posted online.... Read More »

 

Survey: Suppliers upbeat as N.A. factories hum

12:01 am U.S. ET | Feb. 16, 2015
As North American light-vehicle output remains strong, suppliers are optimistic about their prospects for the coming year and are unfazed about meeting higher production quotas.... Read More »

 

Toyota shifts r&d base to Michigan

12:01 am U.S. ET | Feb. 16, 2015
Toyota Motor Corp. is consolidating its North American r&d base in a step that moves it closer to creating the carmaker's first truly self-sufficient product development center outside Japan.... Read More »

 

Kia showcases electric awd with Trail'ster concept

10:00 am U.S. ET | Feb. 12, 2015
Kia is out to prove that fuel economy does not have to be sacrificed by all-wheel drive with the Trail'ster concept unveiled Thursday at the Chicago Auto Show.... Read More »

 

Chevy gives Equinox nip, tuck for 2016

12:01 am U.S. ET | Feb. 12, 2015
Chevrolet is giving the Equinox a facelift this fall for the 2016 model year, the first cosmetic upgrade to the popular crossover in six years. The refreshed Equinox features a revised front fascia with a deeper, wider grille, outlined in chrome and retaining the twin-port look of the current model.... Read More »

 

Honda Pilot sheds 300 pounds, boxy styling in major overhaul for 2016

10:45 am U.S. ET | Feb. 12, 2015
Honda is giving the Pilot a major makeover as part of a three-pronged bid to jump-start its lagging U.S. truck sales and cash in on one of the industry's hottest segments. The 2016 Pilot has shed some 300 pounds by adopting a new platform and wider use of high and ultrahigh strength body materials that also help reduce noise and vibration, improve handling and increase rigidity.... Read More »

 

U.S. Postal Service to seek bids on next delivery vehicle

6:00 am U.S. ET | Feb. 12, 2015
Faced with rising maintenance costs for its aging fleet and needing extra cargo space to satisfy the desires of online shoppers, the Postal Service is asking automakers to bid on a commercial van that would replace the boxy Long Life Vehicle and become the backbone of the service's delivery fleet starting in 2018. It could be one of the largest fleet purchases ever.... Read More »

 

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