Automotive News Automaker News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sat, 25 Apr 2015 06:00:00 EST Ruthless VW patriarch Piech overplays last hand, ending era http://www.autonews.com/article/20150425/OEM02/150429856/ruthless-vw-patriarch-piech-overplays-last-hand-ending-era Sat, 25 Apr 2015 20:29:40 EST Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-ton trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest... Piech resigns as VW chairman after failing to oust CEO http://www.autonews.com/article/20150425/OEM02/150429858/piech-resigns-as-vw-chairman-after-failing-to-oust-ceo Sat, 25 Apr 2015 12:38:03 EST Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman on Saturday after losing a showdown with CEO Martin Winterkorn. Bitter rivals at home, GM and Ford taking different roads abroad http://www.autonews.com/article/20150425/OEM/304259996/bitter-rivals-at-home-gm-and-ford-taking-different-roads-abroad Sat, 25 Apr 2015 00:01:00 EST General Motors and Ford, Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions. Booming Ford banks on China product blitz http://www.autonews.com/article/20150425/GLOBAL03/304279976/booming-ford-banks-on-china-product-blitz Sat, 25 Apr 2015 00:01:00 EST Ford, on a rampage in China, aims improve on its 4. Higher octane fuel could add mpg, SAE panel says http://www.autonews.com/article/20150425/OEM06/304279979/higher-octane-fuel-could-add-mpg-sae-panel-says Sat, 25 Apr 2015 00:01:00 EST In a world of higher octane gasoline -- in which 95 would replace 87 and become the new regular -- automakers could more easily and affordably meet stringent fuel economy standards as well as reduce carbon dioxide emissions. VW C Coupe GTE will be brand's low-emissions flagship in China http://europe.autonews.com/article/20150425/ANE/150429920/vw-c-coupe-gte-will-be-brands-low-emissions-flagship-in-china Sat, 25 Apr 2015 00:15:00 EST VW plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup. Uber might trump the cost of car ownership, but not leasing#8230;yet http://www.autonews.com/article/20150425/BLOG06/150429866/uber-might-trump-the-cost-of-car-ownership-but-not-leasing-yet Sat, 25 Apr 2015 00:01:00 EST Most dealers probably don't lose sleep with worry that Uber, the popular app-based service that pairs private drivers with riders, will usurp car ownership anytime soon despite Uber's ambitions to make it so. VW leadership crisis escalates as board members criticize Piech http://europe.autonews.com/article/20150424/ANE/150429879/vw-leadership-crisis-escalates-as-board-members-criticize-piech Fri, 24 Apr 2015 09:39:20 EST VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. JLR sees Mexico as 'strong' option for N.A. assembly plant http://www.autonews.com/article/20150424/OEM01/304249931/jlr-sees-mexico-as-strong-option-for-n-a-assembly-plant Fri, 24 Apr 2015 17:04:21 EST Jaguar Land Rover is considering building a plant in Mexico, following other luxury car makers lured by cheap labor and free trade agreements. Mazda quarterly profits fall on currency losses while sales rise http://www.autonews.com/article/20150424/OEM01/150429886/mazda-quarterly-profits-fall-on-currency-losses-while-sales-rise Fri, 24 Apr 2015 06:41:30 EST Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales. Ford recalls 390,000 cars to fix doors that may fly open while driving http://www.autonews.com/article/20150424/OEM11/150429865/ford-recalls-390000-cars-to-fix-doors-that-may-fly-open-while-driving Fri, 24 Apr 2015 15:51:09 EST Ford is recalling about 390,000 cars for an issue that could prevent the doors from latching or allow them to open unexpectedly while driving. Maybe NHTSA could use excessive force to fix old Jeeps -- or leg traps http://www.autonews.com/article/20150424/BLOG06/150429868/maybe-nhtsa-could-use-excessive-force-to-fix-old-jeeps-or-leg-traps Fri, 24 Apr 2015 14:25:41 EST So the National Highway Traffic Safety Administration is considering its options on how to speed up the repair rate on a couple older recalls. May I suggest leg traps? France to 'talk again' with Renault; reaffirms vote plan http://europe.autonews.com/article/20150424/ANE/150429867/france-to-talk-again-with-renault-reaffirms-vote-plan Fri, 24 Apr 2015 14:50:32 EST French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes. Volvo will build new compacts in Belgium, CEO says http://europe.autonews.com/article/20150424/ANE/150429881/volvo-will-build-new-compacts-in-belgium-ceo-says Fri, 24 Apr 2015 08:57:24 EST Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may also be built in China, the CEO said. Mitsubishi posts first annual N.A. profit in seven years http://www.autonews.com/article/20150424/OEM01/150429884/mitsubishi-posts-first-annual-n-a-profit-in-seven-years Fri, 24 Apr 2015 07:47:44 EST Mitsubishi booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years. GM paid Barra $16.2 million in 2014 http://www.autonews.com/article/20150424/OEM02/150429876/gm-paid-barra-16-2-million-in-2014 Fri, 24 Apr 2015 11:00:00 EST GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2. Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020 http://www.autonews.com/article/20150424/OEM10/150429874/supplier-thyssenkrupp-plans-to-invest-869-million-in-n-a-by-2020 Fri, 24 Apr 2015 11:39:35 EST German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production. Lear Q1 net income, revenue up after Eagle Ottawa acquisition http://www.autonews.com/article/20150424/OEM10/150429875/lear-q1-net-income-revenue-up-after-eagle-ottawa-acquisition Fri, 24 Apr 2015 11:25:01 EST Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier. Toyota makes noise with Mirai hydrogen fuel cell vehicle http://www.autonews.com/article/20150424/OEM05/150429878/toyota-makes-noise-with-mirai-hydrogen-fuel-cell-vehicle Fri, 24 Apr 2015 10:18:00 EST For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. VW, BMW are top brands among Chinese auto buyers, survey says http://europe.autonews.com/article/20150424/ANE/150429883/vw-bmw-are-top-brands-among-chinese-auto-buyers-survey-says Fri, 24 Apr 2015 08:30:16 EST Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse. Audi prepares electric SUV to fight Tesla http://europe.autonews.com/article/20150424/ANE/150429940/audi-prepares-electric-suv-to-fight-tesla Fri, 24 Apr 2015 00:01:00 EST Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. Buick chief says new China duties won't distract from 'a lot more to do' in U.S. http://www.autonews.com/article/20150424/BLOG06/304259999/buick-chief-says-new-china-duties-wont-distract-from-a-lot-more-to Fri, 24 Apr 2015 06:00:00 EST In the year since he took over the Buick and GMC brands in the U.S., Duncan Aldred has made a lot of fans among dealers. Plug-ins poised to be Europe's top electrified drivetrain http://europe.autonews.com/article/20150424/ANE/150409886/plug-ins-poised-to-be-europes-top-electrified-drivetrain Fri, 24 Apr 2015 00:01:00 EST Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers strive to meet tougher European CO2 rules that start to take effect in 2020. Skoda, unions agree on 3.5% wage hike http://europe.autonews.com/article/20150424/ANE/150429885/skoda-unions-agree-on-3-5-wage-hike Fri, 24 Apr 2015 07:10:23 EST Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker. Valeo posts quarterly sales gain on Europe, China http://europe.autonews.com/article/20150424/ANE/150429887/valeo-posts-quarterly-sales-gain-on-europe-china Fri, 24 Apr 2015 05:56:19 EST Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia. Haldex first-quarter profit rises 37% http://europe.autonews.com/article/20150424/ANE/150429888/haldex-first-quarter-profit-rises-37 Fri, 24 Apr 2015 05:10:14 EST Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year. Suzuki sees Vitara as its best-seller in Europe http://europe.autonews.com/article/20150424/ANE/150429936/suzuki-sees-vitara-as-its-best-seller-in-europe Fri, 24 Apr 2015 00:01:00 EST Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream look, roomy interior and better fuel economy. Piech denies reports saying he wants to oust Winterkorn http://europe.autonews.com/article/20150423/ANE/150429916/piech-denies-reports-saying-he-wants-to-oust-winterkorn Thu, 23 Apr 2015 07:07:51 EST Volkswagen Chairman Ferdinand Piech denied reports that he is seeking to oust CEO Martin Winterkorn, a German newspaper reported, quoting Piech. GM profit rises, aided by North America http://www.autonews.com/article/20150423/OEM01/150429914/gm-profit-rises-aided-by-north-america Thu, 23 Apr 2015 07:45:00 EST General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. Renault revenue rises 14% on European upturn http://europe.autonews.com/article/20150423/ANE/150429905/renault-revenue-rises-14-on-european-upturn Thu, 23 Apr 2015 11:56:24 EST Renault said first-quarter revenue rose 14 percent as its improving sales in Europe helped offset plummeting demand in Russia and South America. Mercedes fined $56 million in China for price fixing http://europe.autonews.com/article/20150423/ANE/150429921/mercedes-fined-56-million-in-china-for-price-fixing Thu, 23 Apr 2015 02:30:46 EST Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker since the government started to crack down on antitrust violations last year. Pricing pressure in U.S., China raises fears about future auto profits http://www.autonews.com/article/20150423/OEM01/150429892/pricing-pressure-in-u-s-china-raises-fears-about-future-auto-profits Thu, 23 Apr 2015 15:20:24 EST The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits. Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing http://www.autonews.com/article/20150423/OEM01/150429890/former-hitachi-exec-sentenced-to-15-months-in-prison-after-guilty Thu, 23 Apr 2015 05:45:00 EST A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States. Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers http://www.autonews.com/article/20150423/OEM01/150429891/ford-to-cut-700-jobs-at-mich-plant-hitting-tier-2-workers Thu, 23 Apr 2015 15:40:16 EST Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. Fiat Chrysler recalls 46,000 vehicles for ignition switch, airbag issues http://www.autonews.com/article/20150423/OEM11/150429893/fiat-chrysler-recalls-46000-vehicles-for-ignition-switch-airbag Thu, 23 Apr 2015 14:48:03 EST Fiat Chrysler is recalling 43,874 Jeep Liberty, Jeep Wrangler and Dodge Viper models for possible ignition-switch issues and 2,408 Ram ProMaster City models for airbag problems. Dealerships can gain an edge with Spanish-language marketing http://www.autonews.com/article/20150423/RETAIL03/150429895/dealerships-can-gain-an-edge-with-spanish-language-marketing Thu, 23 Apr 2015 14:10:08 EST Dealerships willing to advertise and post videos in Spanish face little competition reaching a growing number of Latino car buyers, said Ricky Lopez, Internet director at David Maus Toyota in Sanford, Fla. Goodyear to spend $550 million on tire plant in Mexico, report says http://www.autonews.com/article/20150423/OEM01/150429907/goodyear-to-spend-550-million-on-tire-plant-in-mexico-report-says Thu, 23 Apr 2015 10:54:01 EST Goodyear Tire and Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector. GM gets boost from smaller pickups, but doubters question for how long http://www.autonews.com/article/20150423/RETAIL01/150429908/gm-gets-boost-from-smaller-pickups-but-doubters-question-for-how-long Thu, 23 Apr 2015 10:29:03 EST General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models. Hyundai may boost SUV capacity in U.S., China after Q1 profit dips http://www.autonews.com/article/20150423/OEM01/150429909/hyundai-may-boost-suv-capacity-in-u-s-china-after-q1-profit-dips Thu, 23 Apr 2015 10:04:47 EST South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends. PSA's Tavares open to adding partners to Toyota JV http://europe.autonews.com/article/20150423/ANE/150429912/psas-tavares-open-to-adding-partners-to-toyota-jv Thu, 23 Apr 2015 07:53:12 EST PSA/Peugeot-Citroen is open to bringing in more partners to its existing collaboration with Toyota to share the cost of designing and manufacturing minicars, PSA CEO Carlos Tavares said. BMW targets U.S. market with 2-series softtop http://europe.autonews.com/article/20150423/ANE/150429938/bmw-targets-u-s-market-with-2-series-softtop Thu, 23 Apr 2015 00:01:00 EST BMW has increased the size of the 2-series convertible compared with its predecessor model, the 1-series convertible, largely to boost the car's appeal among U.S. buyers. Seeing through Mini's digital goggles http://europe.autonews.com/article/20150423/BLOG15/150429918/seeing-through-minis-digital-goggles Thu, 23 Apr 2015 04:30:09 EST I cannot imagine life without a smartphone or a tablet, but after testing a set of digital goggles from Mini I am not convinced yet that I need to add augmented reality eyewear to my driving experience. Toyota keeps global sales lead over VW on U.S. demand http://europe.autonews.com/article/20150423/ANE/150429917/toyota-keeps-global-sales-lead-over-vw-on-u-s-demand Thu, 23 Apr 2015 05:37:57 EST Toyota beat Volkswagen and General Motors to remain the world's top-selling automaker during the last quarter despite declining deliveries. Demand for SUVs has helped to boost Toyota's market-share gains in the U.S. Honda will cut European Civic production costs with global platform http://europe.autonews.com/article/20150423/ANE/150429962/honda-will-cut-european-civic-production-costs-with-global-platform Thu, 23 Apr 2015 00:01:00 EST Honda will significantly reduce production costs on its next European Civic compact hatchback by basing it on a global platform. Honda will launch its next-generation Civic five-door in Europe in 2017. TRW to sell suspension unit to THK for $400 million http://www.autonews.com/article/20150422/OEM10/150429943/trw-to-sell-suspension-unit-to-thk-for-400-million Wed, 22 Apr 2015 06:46:43 EST TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million. EVs need more fed support, study finds http://www.autonews.com/article/20150422/OEM05/150429930/evs-need-more-fed-support-study-finds Wed, 22 Apr 2015 11:32:07 EST A study commissioned by Congress says the federal government must to do more to support the market for electric and plug-in hybrid vehicles. Tesla to unveil home and utility batteries April 30 http://www.autonews.com/article/20150422/OEM06/150429942/tesla-to-unveil-home-and-utility-batteries-april-30 Wed, 22 Apr 2015 06:51:20 EST Tesla Motors Inc. will announce a home battery and a 'very large' utility-scale battery on April 30, according to an e-mail sent to investors and analysts. Ford F-150 regular cab, SuperCab join SuperCrew with 5-star safety ratings http://www.autonews.com/article/20150422/OEM11/150429922/ford-f-150-regular-cab-supercab-join-supercrew-with-5-star-safety Wed, 22 Apr 2015 19:00:00 EST The redesigned Ford F-150 pickup has earned the government's highest possible crash safety rating, answering worries that the truck's all-new aluminum body would compromise crashworthiness. GM, Clemson roll out Deep Orange concept for urban, young buyers http://www.autonews.com/article/20150422/OEM03/150429923/gm-clemson-roll-out-deep-orange-concept-for-urban-young-buyers Wed, 22 Apr 2015 18:30:00 EST GM and Clemson University students unveiled a vehicle -- Deep Orange 5 -- aimed at young, price-conscious consumers in big cities that takes the connected, digital car to a new level. Toyota's message to critics who, um, pooh-pooh fuel cells http://www.autonews.com/article/20150422/BLOG06/150429925/toyotas-message-to-critics-who-um-pooh-pooh-fuel-cells Wed, 22 Apr 2015 15:40:35 EST Tongue planted firmly in cheek, Toyota launched a new campaign today showing how cow pies are a viable source of renewable energy. %]