Ford posts 9% decline in Q2 profit, warns of challenges aheadThu, 28, Jul 2016
Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be “much weaker than normal” as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.
Group 1's Q2 profits flat, hit by storm expensesThu, 28, Jul 2016
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.
Penske Automotive's Q2 net slips 0.7% on currency, interest costs.Thu, 28, Jul 2016
Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
GM unveils plan to add minority dealersMon, 25, Jul 2016
GM laid out an aggressive plan at the National Association of Minority Automobile Dealers conference to add 10 minority-owned dealerships per year, net, to its retail network for the next five years.
Renault cuts Ghosn's bonus by 20 percentThu, 28, Jul 2016
Renault has cut the bonus of CEO Carlos Ghosn by 20 percent following pressure from French government, which urged the automaker to rein in Ghosn's pay after shareholders opposed his $7.92 million payout in 2015.
Mercedes challenged over 'Drive Pilot' TV adWed, 27, Jul 2016
Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability of automated driving systems available on the sedan.
Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacksWed, 27, Jul 2016
Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit.
GM, aiming for strong 2016 finish, to hike truck outputWed, 27, Jul 2016
General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said Wednesday.
Elon Musk says it's 'pencils down' for Tesla's Model 3Wed, 27, Jul 2016
Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday.
Tesla Model 3 could generate $20 billion in annual revenue, Musk saysTue, 26, Jul 2016
Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.
Clinton, if elected, plans to renegotiate NAFTA, UAW chief saysTue, 26, Jul 2016
UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. The UAW wants an updated treaty to help foster stronger unions in Mexico, where many automakers operate factories.
Wolfsburg allows 'American-style name' for new crossoverMon, 25, Jul 2016
Hinrich Woebcken, head of the Volkswagen brand's new North American Region, says he sees early signs that headquarters in Wolfsburg is willing to give the region more autonomy.