Daily Email Friday

SEC investigates Ally on subprime loans, securitization

2:08 pm U.S. ET | Oct. 31, 2014
Ally Financial is being investigated by the Securities and Exchange with regard to “subprime automotive finance and related securitization activities.”... Read More »

 

Kuni Automotive COO Herman dies at 72

4:02 pm U.S. ET | Oct. 31, 2014
Joseph Herman, COO of dealership group Kuni Automotive and a 40-year veteran of the auto retailing industry, died the morning of Oct. 29 after a year-long battle with pancreatic cancer.... Read More »

 

Ferrari fined $3.5 million by U.S. regulators for not filing reports

11:00 am U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ferrari brand has been fined more than $3.5 million for not filing "early warning reports" indicating safety issues with federal safety regulators.... Read More »

 

Ram quality, reliability dragged down by technology, new boss says

12:01 pm U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ram brand chief says cockpit technology was partly responsible for the brand's ranking in the latest Consumer Report's reliability study.... Read More »

 

Hitachi Metals to plead guilty, pay $1.25 million U.S. fine for fixing parts prices sold to Toyota

2:17 pm U.S. ET | Oct. 31, 2014
Hitachi Metals will pay a $1.25 million fine and plead guilty for fixing prices and rigging bids of brake hose installed in cars in the United States, the U.S. Justice Department said Friday.... Read More »

 

Most interested in self-driving cars, but safety is a concern, survey says

1:53 pm U.S. ET | Oct. 31, 2014
When fully autonomous cars become ready to sell, consumers around the globe -- particularly in Asia -- may be ready to buy, but many of them still have concerns, according to a new survey by the University of Michigan.... Read More »

 

Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity.... Read More »

 

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014
Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues.... Read More »

 

Aston Martin wins temporary exemption to new U.S. safety rules

10:27 am U.S. ET | Oct. 31, 2014
British luxury sports car maker Aston Martin has been granted a temporary exemption to new safety rules in the United States that would have stopped it selling hundreds of cars in one of its key markets, federal regulators said today.... Read More »

 

Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014
Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue.... Read More »

 

Takata airbag recalls should include newer cars, watchdog says

8:32 am U.S. ET | Oct. 31, 2014
A watchdog group has asked federal regulators to broaden a defect investigation of Takata airbags to include more vehicles and to see whether replacements used in recalled vehicles are safe.... Read More »

 

Honda, Takata sued in California for airbag-related recalls

8:06 am U.S. ET | Oct. 31, 2014
Honda and airbag supplier Takata were sued by a driver seeking damages on behalf of the owners of 5 million Honda and Acura models recalled so far in the United States to replace potentially unsafe airbags.... Read More »

 

Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.... Read More »

 

Kia Motors says president resigned over prolonged wage disputes

7:11 am U.S. ET | Oct. 31, 2014
Kia Motors said its president, Lee Sam-ung, has resigned to take responsibility for "enormous" production losses caused by recent strikes by its South Korean union during wage talks.... Read More »

 

Mazda, Fuji Heavy post big quarterly profit gains on weak yen

6:49 am U.S. ET | Oct. 31, 2014
Mazda Motor and Subaru's parent company Fuji Heavy Industries today posted rosy second-quarter profit growth as a weak yen made their exports more lucrative.... Read More »

 

Takata taps rivals to help build replacement inflators

6:06 pm U.S. ET | Oct. 30, 2014
Takata, under pressure from federal regulators, has asked rival suppliers if they can help produce replacement inflators for the company's airbag customers.... Read More »

 

Ram chief says consumers aren't clamoring for aluminum pickup

5:58 pm U.S. ET | Oct. 30, 2014
Bob Hegbloom, chief of the Ram brand, isn't buying the buzz that the lightweight aluminum body of the upcoming 2015 F-150 pickup will give Ford a significant advantage.... Read More »

 

GM lawsuit poses danger to future bailouts, Treasury says

4:19 pm U.S. ET | Oct. 30, 2014
The Treasury Department says confidential information it received during the GM bailout should stay secret, otherwise at-risk companies needing government help in the future might not be willing to share data.... Read More »

 

Ford's Fields takes his lumps in Q3, looks to next year

7:06 am U.S. ET | Oct. 24, 2014
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year. While earnings and revenue fell, Fields said new vehicles on tap will deliver "strong, profitable growth."... Read More »

 

Ford snubs bid to divert Mexico investment to Canada, union says

1:38 pm U.S. ET | Oct. 24, 2014
Ford has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's autoworkers' union said.... Read More »

 

ARLENA SAWYERS

Rick Case to sell first N.A. 2015 Alfa Romeo 4C for charity's sake

4:09 pm U.S. ET | Oct. 24, 2014
The first new Alfa Romeo to be sold in this country in 20 years will be auctioned next week for charity. That's thanks to Rick and Rita Case, owners of Rick Case Automotive Group in Fort Lauderdale, Fla.... Read More »

 

GM wins appeal, dismissal of Spyker lawsuit upheld

2:48 pm U.S. ET | Oct. 24, 2014
GM persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.... Read More »

 

NHTSA to brief House committee on Takata airbag recalls

1:37 pm U.S. ET | Oct. 24, 2014
The National Highway Traffic Safety Administration will brief members of the House Energy and Commerce Committee next week on the agency's investigation and recalls of Takata airbags.... Read More »

 

Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America.... Read More »

 

NHTSA in line for cultural overhaul after airbag meltdown

2:04 pm U.S. ET | Oct. 24, 2014
The agency that botched a campaign to publicize a potentially lethal Takata airbag defect affecting 7.8 million U.S. cars is reviewing its safety culture, according to a senior Obama administration official.... Read More »

 

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How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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