Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 24 Jul 2014 06:00:00 EST Group 1 Q2 profit tumbles 55% on Brazilian problems http://www.autonews.com/article/20140724/RETAIL07/140729928/group-1-q2-profit-tumbles-55-on-brazilian-problems Thu, 24 Jul 2014 09:47:02 EST Group 1 Automotive's second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which accounts for 8 percent of its revenue. GM's quarterly profit plunges on recall costs http://www.autonews.com/article/20140724/OEM01/140729931/gms-quarterly-profit-plunges-on-recall-costs Thu, 24 Jul 2014 07:36:54 EST General Motors today posted an 85 percent drop in second-quarter net income, hurt by recall-related expenses including a special charge of $400 million for the cost of a program to compensate victims of GM's faulty ignition switch. Ford Q2 earnings rise on N.A. record, first European profit in 3 years http://www.autonews.com/article/20140724/OEM01/140729937/ford-q2-earnings-rise-on-n-a-record-first-european-profit-in-3-years Thu, 24 Jul 2014 06:45:00 EST Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years. GM Korea could make next-gen Cruze if union calls off strike http://www.autonews.com/article/20140724/GLOBAL02/140729932/gm-korea-could-make-next-gen-cruze-if-union-calls-off-strike Thu, 24 Jul 2014 07:22:46 EST GM's South Korean subsidiary told its employee union that the automaker could consider making the next-generation Chevrolet Cruze in South Korea if the union calls off a wage-related strike. Hyundai Q2 profit dips 7% on strengthening currency http://www.autonews.com/article/20140724/OEM01/140729936/hyundai-q2-profit-dips-7-on-strengthening-currency Thu, 24 Jul 2014 06:33:20 EST Hyundai's net profit fell the most in five quarters, hit by the local currency's strength, and said it may make more vehicles overseas as it braces for a tough second half with the won still strong. GM seeks broader immunity in switch lawsuits http://www.autonews.com/article/20140723/OEM11/307239920/gm-seeks-broader-immunity-in-switch-lawsuits Wed, 23 Jul 2014 15:49:20 EST GM, moving to expand its immunity from lawsuits after recalling almost 29 million cars in North America, said it sees no need to try to settle customer claims until a judge decides whether it's legally responsible for faults in its predecessor's... GM sales surge despite recalls as Barra proves quality sells http://www.autonews.com/article/20140723/RETAIL01/140729956/gm-sales-surge-despite-recalls-as-barra-proves-quality-sells Wed, 23 Jul 2014 09:10:11 EST General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2. GM lists more Cobalt, Ion fatalities in quarterly crash data http://www.autonews.com/article/20140723/OEM11/140729944/gm-lists-more-cobalt-ion-fatalities-in-quarterly-crash-data Wed, 23 Jul 2014 15:37:38 EST In the first quarter, General Motors received claims that defects in the Chevrolet Cobalt and Saturn Ion caused 17 deaths and 167 injuries, according to data it submitted to federal safety regulators. Opel plans 'electric' successor to Ampera plug-in hybrid http://www.autonews.com/article/20140723/OEM04/140729943/opel-plans-electric-successor-to-ampera-plug-in-hybrid Wed, 23 Jul 2014 15:53:05 EST Opel said it plans an "electric" successor to the Ampera. The plug-in hybrid was introduced across Europe in 2011 but will be discontinued. Hyundai nabs a win in J.D. Power APEAL Study a month after leading IQS http://www.autonews.com/article/20140723/OEM01/140729958/hyundai-nabs-a-win-in-j-d-power-apeal-study-a-month-after-leading-iqs Wed, 23 Jul 2014 10:00:00 EST For the first time, Hyundai is the top-ranked nonpremium brand in the J.D. Power 2014 U.S. Automotive Performance, Execution and Layout Study -- a month after leading nonpremium brands in the company's Initial Quality Study.