Daily Email Friday

Honda quarterly profit rises 20% as U.S. sales, weak yen offset quality costs

4:49 am U.S. ET | July 31, 2015

Honda's quarterly profit jumped 20 percent as strong sales in the U.S. and a weak yen helped to absorb the impact of higher quality-related costs linked to a recall of cars equipped with Takata airbags.... Read More »

BMW drivers collect $1,000 to delay charging i3 in Calif. pilot

10:19 am U.S. ET | July 30, 2015

In a new pilot program, a California utility is paying drivers of BMW electric cars to delay charging their vehicles when the power grid is under pressure.... Read More »

Toyota holds Apple, Google at bay with Telenav navigation deal

4:34 pm U.S. ET | July 30, 2015

Toyota will turn to a little-known company instead of Apple or Google to provide navigation and phone connectivity, as it seeks to maintain control of the car features. Toyota has been the biggest holdout among automakers as Apple and Google turn dashboards into screens that closely mirror their smartphones.... Read More »

Senate passes bill raising automaker fines to $105 million

4:29 pm U.S. ET | July 30, 2015

The U.S. Senate passed legislation that will triple the maximum fines automakers pay for violations of motor-vehicle safety laws yet bypassed other measures sought by consumer groups.... Read More »

GM recalls 82,620 Cadillac ATS sedans over sunroof issue

4:49 pm U.S. ET | July 30, 2015

General Motors is recalling 82,620 Cadillac ATS sedans and issuing a stop sale on the vehicle for issues with the power sunroof. GM already had recalled 67,000 ATS sedans in February for the same issue.... Read More »

Barra pressed for cost cuts, other moves to help GM hit China target

6:29 am U.S. ET | July 24, 2015

GM Chief Executive Mary Barra has been pushing executives in China since the first signs of trouble in the market early this year to find ways to hit the company's target of delivering 9 to 10 percent profit margins, despite falling car prices and weak economic growth.... Read More »

Fiat Chrysler recalls 1.4 million vehicles to install anti-hacking software

11:30 am U.S. ET | July 24, 2015

Fiat Chrysler is recalling 1.4 million vehicles to close a software loophole that allowed hackers to remotely take control of a 2014 Jeep Cherokee. The company previously only advised owners to download a software patch or take their vehicle to a dealer to have it installed.... Read More »

Mitsubishi to end U.S. vehicle output, shutter factory by Nov. if there's no buyer

12:49 pm U.S. ET | July 24, 2015

Mitsubishi will shutter its only North American assembly plant by November if it can’t find a buyer for the factory, and will soon start shipping tooling back to Japan.... Read More »

JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company.... Read More »

Hot wheels: Blue-green, deep red, sparking gold on horizon

3:30 pm U.S. ET | July 24, 2015

Cars and trucks of the future will sport deep reds, sparkling golds, bright silvers, rich blues and deep blue-greens, trend spotters at supplier BASF's automotive coatings divisions predict.... Read More »

Chevrolet plans low-cost pedestrian avoidance on Malibu

3:45 pm U.S. ET | July 24, 2015

GM is introducing a pedestrian-avoidance system on the redesigned 2016 Chevrolet Malibu, the latest example of active-safety features proliferating on mainstream vehicles. GM said Friday it will offer 22 active safety systems across its brands for the 2016 model year.... Read More »

Tenneco Q2 profits fall 3.7%

11:00 am U.S. ET | July 24, 2015

Tenneco’s second-quarter profits dipped 3.7 percent to $78 million from the year-earlier period. Revenue, adjusted for the unfavorable impact of currency exchange rates, increased 3 percent to $2.31 billion.... Read More »

JCI profit rises on improved margins

10:20 am U.S. ET | July 24, 2015

Johnson Controls, the largest U.S. auto parts supplier, reported higher quarterly net profit on fatter margins across the company's main three business segments.... Read More »

Ferrari stock faces soaring Testarossa prices for investor favor

6:19 am U.S. ET | July 24, 2015

Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat.... Read More »

TrueCar calls second quarter a 'wake-up call'; shares plunge

9:20 pm U.S. ET | July 23, 2015

TrueCar's CEO warned the online car-shopping company will miss its previous guidance on second-quarter earnings, calling the shortfall a “wake-up call to focus on the business.”... Read More »

Honda's freshened Accord gets new smartphone, safety tech for 2016

5:37 pm U.S. ET | July 23, 2015

Honda unveiled a midlife update for its midsize Accord, a lightly freshened model that will play nice with both Apple CarPlay and Android Auto. The 2016 Accord sedan and coupe will also offer the Honda Sensing suite of autonomous safety features.... Read More »

FTC probes GM over possible CPO sales without recall fixes

6:03 pm U.S. ET | July 23, 2015

The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs.... Read More »

Ferrari recalls 814 supercars for improper airbag installations

10:51 am U.S. ET | July 17, 2015

Luxury supercar maker Ferrari is recalling 814 vehicles, costing from $200,000 to more than $1.4 million, to fix driver-side airbags that were installed at an improper angle.... Read More »

Tesla Model S option offers 'Ludicrous' 0-to-60 time of 2.8 seconds

3:04 pm U.S. ET | July 17, 2015

Tesla Motors, channeling a moment from the Mel Brooks comedy “Spaceballs,” announced a $10,000 option on its newest Model S variant that runs zero to 60 in a face-stretching 2.8 seconds -- a feature Tesla calls "Ludicrous Mode." That compares with 3.2 seconds for the "Insane Mode" setting on its previous high-end model.... Read More »

Google self-driving car was rear-ended July 1, causing minor injuries

11:07 am U.S. ET | July 17, 2015

One of Google's self-driving cars was involved in an accident early in July, in which three people were injured when a vehicle equipped with Google technology was rear-ended by another vehicle, the company said.... Read More »

Former GM researcher, auto safety expert Donald Friedman dies at 88

1:14 pm U.S. ET | July 17, 2015

Donald Friedman, a former General Motors researcher and auto safety consultant, died last month in Southern California. He was 88.... Read More »

Friedman to leave NHTSA after serving as interim boss

12:25 pm U.S. ET | July 17, 2015

David Friedman, deputy administrator of NHTSA and its interim leader during the 2014 General Motors recall crisis, is leaving his position, the agency confirmed today.... Read More »

Autoliv agrees to buy M/A COM automotive tech unit for $100 million

6:58 am U.S. ET | July 17, 2015

Swedish auto safety products supplier Autoliv agreed to purchase the automotive unit of semiconductor provider M/A COM Technology Solutions for a base price of $100 million plus incentives and fees.... Read More »

CHAD HALCOM

BLOG: Is the DOJ auto parts price-fixing crackdown winding down?

2:35 pm U.S. ET | July 17, 2015

After scouring the U.S. auto supply chain in a five-year crackdown on price-fixing, has the Department of Justice found something else to do?... Read More »

VW plans parts warehouse serving West Coast dealerships

10:35 am U.S. ET | July 17, 2015

Volkswagen Group of America will spend $6.8 million to open a new parts distribution center in Sacramento, Calif., to serve dealers in the Pacific northwest and northern California, the company said today.... Read More »

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