Automotive News Breaking News Feed http://www.autonews.com News and commentary from the leader in North American automotive news en-us Sun, 30 Apr 2017 06:00:00 EST Mazda wants new CMO to lead upscale climb http://www.autonews.com/article/20170430/RETAIL03/305019955/mazda-wants-new-cmo-to-lead-upscale-climb Sun, 30 Apr 2017 00:01:00 EST Mazda's new US marketing chief, Dino Bernacchi, joins the brand at a precarious time, as it attempts to move from its youthful 'Zoom Zoom' image into a higher tier. Nissan's new design chief on following a legend http://www.autonews.com/article/20170430/OEM03/305019949/nissans-new-design-chief-on-following-a-legend Sun, 30 Apr 2017 00:01:00 EST After 30 years in Nissan studios around the world, Alfonso Albaisa has become Nissan's first non-Japanese head of global design. He's ready - even if it means laying down his pencil. Ford-GM gap isn't as wide as it looks http://www.autonews.com/article/20170430/OEM/305019947/ford-gm-gap-isnt-as-wide-as-it-looks Sun, 30 Apr 2017 00:01:00 EST Ford and General Motors' first-quarter results aren't necessarily emblematic of how each company will look later in the year. FNR-X concept spotlights Chevy's new technology http://www.autonews.com/article/20170429/OEM03/305019996/fnr-x-concept-spotlights-chevys-new-technology Sat, 29 Apr 2017 00:01:00 EST Chevrolet's Chinese FNR-X crossover shows off new elements that will appear in production vehicles. For Lexus sedans, it could be do or die http://www.autonews.com/article/20170429/RETAIL01/305019995/for-lexus-sedans-it-could-be-do-or-die Sat, 29 Apr 2017 00:01:00 EST With car sales falling at Lexus, Toyota's top branding officer says the luxury line is contemplating sedans that are more casual and sporty - and maybe even a station wagon. Nismo's global expansion could bring performance pickup http://www.autonews.com/article/20170429/OEM03/305019994/nismos-global-expansion-could-bring-performance-pickup Sat, 29 Apr 2017 00:01:00 EST Nissan's Nismo performance tuner sub-brand plans a massive global push over the next five years. Car Dogs' have their day on screen http://www.autonews.com/article/20170429/RETAIL07/305019950/car-dogs-have-their-day-on-screen Sat, 29 Apr 2017 00:01:00 EST A new feature film about a day in the life of a car dealership resonated with some store employees who could identify with the long hours, the hypercompetitive atmosphere and the sense of camaraderie among stressed-out salespeople. Self-driving technology could boost market for mergers and acquisitions http://www.autonews.com/article/20170429/MOBILITY/170429798/self-driving-technology-could-boost-market-for-mergers-and Sat, 29 Apr 2017 00:01:00 EST The race to deploy self-driving cars could bring new life to the mergers and acquisitions market. Tesla must complete brake fix to regain top safety rating, Consumer Reports says http://www.autonews.com/article/20170428/OEM05/170429789/tesla-must-complete-brake-fix-to-regain-top-safety-rating-consumer Fri, 28 Apr 2017 23:11:10 EST Tesla needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports' top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough. Tesla looks to Mexico to lure engineers for California plant http://www.autonews.com/article/20170428/OEM01/170429795/tesla-looks-to-mexico-to-lure-engineers-for-california-plant Fri, 28 Apr 2017 17:11:16 EST Tesla has been actively hiring for assembly-line jobs as it prepares to launch U.S. output of the Model 3. But finding manufacturing engineers, who are in even shorter supply than software engineers in Silicon Valley, has been a tougher challenge. Used-car retailer Carvana's shares skid in debut http://www.autonews.com/article/20170428/RETAIL04/170429810/used-car-retailer-carvanas-shares-skid-in-debut Fri, 28 Apr 2017 11:49:31 EST Shares of used-car retailer Carvana fell 26 percent below the company's initial pricing in their Wall Street debut on Friday. GM's Q1 profit surges 34% on North America strength http://www.autonews.com/article/20170428/OEM/170429827/gms-q1-profit-surges-34-on-north-america-strength Fri, 28 Apr 2017 07:45:00 EST GM defied a slowdown in the U.S. market in posting its highest first-quarter profit since emerging from bankruptcy. The results were aided by a buildup in inventory, which portends a rougher financial performance later this year. Apple, automakers suggest changes to California's self-driving car testing policies http://www.autonews.com/article/20170428/MOBILITY/170429802/apple-automakers-suggest-changes-to-californias-self-driving-car Fri, 28 Apr 2017 14:36:19 EST Apple asked California to make changes in its proposed self-driving car policies, the latest sign the company is pursuing driverless car technology. Automakers also suggested changes. Ford gets visit from Facebook CEO Mark Zuckerberg http://www.autonews.com/article/20170428/OEM02/170429801/ford-gets-visit-from-facebook-ceo-mark-zuckerberg Fri, 28 Apr 2017 14:55:04 EST Facebook's Mark Zuckerberg, in his first trip to Michigan, stopped by Ford's Rouge Complex and helped build an F-150 pickup truck. Apple's autonomous test vehicle photographed in Silicon Valley http://www.autonews.com/article/20170428/MOBILITY/170429821/apples-autonomous-test-vehicle-photographed-in-silicon-valley Fri, 28 Apr 2017 09:28:58 EST Almost two weeks after Apple secured permission to test its autonomous-car technology in California, the first images of the vehicle have been captured on Silicon Valley roads. SiriusXM acquires connected-vehicle services company for $115 million http://www.autonews.com/article/20170428/OEM06/170429803/siriusxm-acquires-connected-vehicle-services-company-for-115-million Fri, 28 Apr 2017 13:19:26 EST SiriusXM reached further into connected-vehicle services by completing the acquisition of Automatic Labs for $115 million in cash. GM wouldn't benefit from Trump tax plan for years, but supports reform http://www.autonews.com/article/20170428/OEM02/170429814/gm-wouldnt-benefit-from-trump-tax-plan-for-years-but-supports-reform Fri, 28 Apr 2017 10:46:48 EST GM broadly supports President Trump's effort to cut corporate taxes but wouldn't benefit for about five years because of the huge losses it incurred leading up to its 2009 bankruptcy. Group 1's first-quarter profits slip on Oil Patch struggles http://www.autonews.com/article/20170428/RETAIL07/170429811/group-1s-first-quarter-profits-slip-on-oil-patch-struggles Fri, 28 Apr 2017 11:19:11 EST Group 1 Automotive said first-quarter earnings fell nearly 1 percent, citing weakness in US energy markets that countered an otherwise healthy quarter. Toyota expands connected-car hub in Texas http://www.autonews.com/article/20170428/MOBILITY/170429838/toyota-expands-connected-car-hub-in-texas Fri, 28 Apr 2017 00:01:00 EST Toyota Connected, the automaker's global data-science hub, is expanding staff and operations near the company's new North American headquarters in Texas. Uber demotes executive at center of Waymo self-driving car lawsuit http://www.autonews.com/article/20170428/MOBILITY/170429820/uber-demotes-executive-at-center-of-waymo-self-driving-car-lawsuit Fri, 28 Apr 2017 09:41:19 EST Anthony Levandowsk stepped down from his post overseeing self-driving car technology. Uber said he won't be involved in decisions relating to lidar technology. Mazda quarterly operating profit plunges 56% http://www.autonews.com/article/20170428/OEM/170429828/mazda-quarterly-operating-profit-plunges-56 Fri, 28 Apr 2017 06:20:57 EST Mazda's operating profit tumbled 56 percent in the latest quarter, as a deteriorating sales mix, foreign exchange rate losses and recall costs undermined results. Kia picks Saad Chehab to lead marketing http://www.autonews.com/article/20170427/OEM02/170429847/kia-picks-saad-chehab-to-lead-marketing Thu, 27 Apr 2017 13:30:00 EST Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief. Asbury's Q1 net rises 9.7% on FandI, parts and service gains http://www.autonews.com/article/20170427/RETAIL07/170429856/asburys-q1-net-rises-9-7-on-fi-parts-and-service-gains Thu, 27 Apr 2017 09:16:14 EST Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat. Visteon triples Q1 net income http://www.autonews.com/article/20170427/OEM10/170429845/visteon-triples-q1-net-income Thu, 27 Apr 2017 14:00:00 EST Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations. BorgWarner Q1 gains driven by organic growth http://www.autonews.com/article/20170427/OEM10/170429846/borgwarner-q1-gains-driven-by-organic-growth Thu, 27 Apr 2017 14:00:00 EST BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion. Ford profits fall on recall charges, higher costs http://www.autonews.com/article/20170427/OEM01/170429858/ford-profits-fall-on-recall-charges-higher-costs Thu, 27 Apr 2017 07:00:00 EST Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1. Ford's loss on canceled Mexico plant will be lower than expected http://www.autonews.com/article/20170427/OEM01/170429854/fords-loss-on-canceled-mexico-plant-will-be-lower-than-expected Thu, 27 Apr 2017 09:46:58 EST Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked. Toyota recalls 228,000 Tacomas in U.S. for differential oil leaks http://www.autonews.com/article/20170427/OEM11/170429840/toyota-recalls-228000-tacomas-in-u-s-for-differential-oil-leaks Thu, 27 Apr 2017 15:00:00 EST Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil. Ally's Q1 net falls 14 percent on increased loan-loss provision http://www.autonews.com/article/20170427/FINANCE_AND_INSURANCE/170429841/allys-q1-net-falls-14-percent-on-increased-loan-loss-provision Thu, 27 Apr 2017 14:19:45 EST Ally Financial's first-quarter net income dropped 14 percent from a year earlier primarily because of an increased provision for auto losses Tesla's Klaus Grohmann ousted after clash with Elon Musk http://www.autonews.com/article/20170427/OEM02/170429848/teslas-klaus-grohmann-ousted-after-clash-with-elon-musk Thu, 27 Apr 2017 12:39:57 EST Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported. Tesla hikes pay to quell unrest at key German supplier http://www.autonews.com/article/20170427/OEM01/170429859/tesla-hikes-pay-to-quell-unrest-at-key-german-supplier Thu, 27 Apr 2017 06:25:26 EST Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor officials said. Wells Fargo, JPMorgan wary of auto loans, pack them in bonds http://www.autonews.com/article/20170427/FINANCE_AND_INSURANCE/170429851/wells-fargo-jpmorgan-wary-of-auto-loans-pack-them-in-bonds Thu, 27 Apr 2017 11:05:44 EST Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them. Kia plans $1.1 billion plant in India http://www.autonews.com/article/20170427/OEM01/170429855/kia-plans-1-1-billion-plant-in-india Thu, 27 Apr 2017 09:25:19 EST Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging. Automakers to meet with U.S. transportation, EPA chiefs http://www.autonews.com/article/20170426/OEM11/170429867/automakers-to-meet-with-u-s-transportation-epa-chiefs Wed, 26 Apr 2017 22:19:40 EST Major automakers were scheduled to meet with the chiefs of the US Transportation Department and Environmental Protection Agency as the agencies begin a review of federal fuel efficiency rules. Penske Automotive's Q1 net rises 3.5% on acquisitions, U.K. http://www.autonews.com/article/20170426/RETAIL07/170429887/penske-automotives-q1-net-rises-3-5-on-acquisitions-u-k Wed, 26 Apr 2017 10:31:38 EST Penske Automotive's first-quarter net income rose from a year earlier, as acquisitions and strong sales at its UK dealerships pushed revenue to a record for the quarter. GM investors will 'vote with their wallets,' says Greenlight Capital http://www.autonews.com/article/20170426/OEM01/170429892/gm-investors-will-vote-with-their-wallets-says-greenlight-capital Wed, 26 Apr 2017 07:22:28 EST Greenlight Capital, which has been pressuring General Motors to restructure its share class, said it believed the automaker's shareholders will vote in their best financial interests and support the hedge fund's two-class stock proposal and nominees... European ride service Gett buys U.S. rival Juno for $200 million http://www.autonews.com/article/20170426/MOBILITY/170429872/european-ride-service-gett-buys-u-s-rival-juno-for-200-million Wed, 26 Apr 2017 16:05:10 EST European ride-service Gett has bought New York rival Juno for $200 million in a deal that further consolidates the ride-hailing industry. Were Juno drivers short-changed? Takata stock trading suspended after reported bankruptcy filing plan http://www.autonews.com/article/20170426/OEM10/170429868/takata-stock-trading-suspended-after-reported-bankruptcy-filing-plan Wed, 26 Apr 2017 22:08:32 EST Takata stock trading was suspended in Japan after a newspaper report that the embattled auto supplier was considering filing for bankruptcy protection. Detroit auto show to open mobility showcase to public http://www.autonews.com/article/20170426/MOBILITY/170429871/detroit-auto-show-to-open-mobility-showcase-to-public Wed, 26 Apr 2017 16:09:24 EST The North American International Auto Show plans to expand its mobility and technology showcase, Automobili-D, to the public next year with a focus on talent recruitment. Lear posts 23% boost in Q1 net income http://www.autonews.com/article/20170426/OEM10/170429883/lear-posts-23-boost-in-q1-net-income Wed, 26 Apr 2017 11:43:59 EST Seating and electronics supplier Lear reported a 23 percent leap in 2017 first-quarter net income and stronger profit margins. White House unveils opening bid for 'biggest tax cut' http://www.autonews.com/article/20170426/OEM01/170429884/white-house-unveils-opening-bid-for-biggest-tax-cut Wed, 26 Apr 2017 11:29:59 EST The White House made its opening bid for what officials called the 'biggest tax cut' in U.S. history -- with cuts that would benefit businesses, the middle class and certain high-earning individuals. U.S. auto sales forecast to slip in April as retail demand slumps http://www.autonews.com/article/20170426/RETAIL01/170429878/u-s-auto-sales-forecast-to-slip-in-april-as-retail-demand-slumps Wed, 26 Apr 2017 14:00:00 EST It's becoming increasingly clear that U.S. new-vehicle sales have passed their peak, with April expected to mark the industry's fourth consecutive monthly decline. Superior Industries Q1 net income falls 79% http://www.autonews.com/article/20170426/OEM10/170429876/superior-industries-q1-net-income-falls-79 Wed, 26 Apr 2017 14:04:17 EST Superior Industries posted a 79 percent plunge in first-quarter net income to $3.1 million, saying it experienced higher costs and lower unit sales in the quarter. VW's charging station plan for Calif. faces objections from competitors http://www.autonews.com/article/20170426/OEM11/170429877/vws-charging-station-plan-for-calif-faces-objections-from-competitors Wed, 26 Apr 2017 13:48:21 EST Major automakers and other groups are raising objections to the way VW wants to spend $2 billion on electric vehicle infrastructure and projects, as part of VW's atonement for emissions cheating. Tesla dinged by Consumer Reports for not implementing safety feature http://www.autonews.com/article/20170426/OEM11/170429899/tesla-dinged-by-consumer-reports-for-not-implementing-safety-feature Wed, 26 Apr 2017 06:00:00 EST Tesla vehicles have dropped in Consumer Reports' ratings because the automaker failed to implement a safety feature that was expected to come standard. Sonic swings to Q1 loss on refinancing costs, weak sales http://www.autonews.com/article/20170426/RETAIL07/170429882/sonic-swings-to-q1-loss-on-refinancing-costs-weak-sales Wed, 26 Apr 2017 11:52:24 EST Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help. Canadian supplier Linamar at center of Trump-NAFTA clash http://www.autonews.com/article/20170426/OEM10/170429889/canadian-supplier-linamar-at-center-of-trump-nafta-clash Wed, 26 Apr 2017 07:55:12 EST Going global has paid off handsomely for Linamar. Enter Donald Trump. The U.S. president's election is the latest in a string of populist, anti-globalization events. Linamar CEO Linda Hasenfratz is undaunted. Oil powerhouse Total predicts a boom in EV sales http://www.autonews.com/article/20170426/OEM05/170429890/oil-powerhouse-total-predicts-a-boom-in-ev-sales Wed, 26 Apr 2017 07:40:45 EST Electric cars are coming fast -- and that's not just the opinion of carmakers anymore. Total, one of the world's biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade. Automakers ask California to ease rules for self-driving car tests http://www.autonews.com/article/20170426/MOBILITY/170429893/automakers-ask-california-to-ease-rules-for-self-driving-car-tests Wed, 26 Apr 2017 06:59:56 EST Automakers urged California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars. Hyundai goes to Antarctica http://www.autonews.com/article/20170426/VIRALVIDEO/304269999/hyundai-goes-to-antarctica Wed, 26 Apr 2017 00:01:00 EST In the latest video to top our weekly viral video charts, Hyundai helps finish a 100-year old expedition. %]