Company Information

AutoCanada acquires Chevrolet dealership in B.C.

7:30 am U.S. ET | Aug. 24, 2015

AutoCanada, one of Canada's biggest dealership groups, received approval from GM to purchase an 80 percent stake in Don Folk Chevrolet, a dealership in Kelowna, British Columbia....
Read More »

EDITORIAL

Is a merger the way to go? Automakers better know history

12:01 am U.S. ET | Aug. 24, 2015

Every auto merger is difficult. Every one is unique. Automotive News' Industry on Trial series demonstrates that many mergers flop or fall short of expectations. But it also shows that other some companies have found ways to make mergers or alliances succeed....
Read More »

JESSE SNYDER

M&A fever's hefty toll on talent

12:01 am U.S. ET | Aug. 24, 2015

Throughout Automotive News' Industry on Trial series, we've looked at wasted capital, duplicated engineering and how economies of scale drive the urge to merge. Let's set aside the corporate chessboard to focus on people....
Read More »

JASON STEIN

Tesla strikes again at Pebble Beach

12:01 am U.S. ET | Aug. 24, 2015

If there is one constant as of late at the 65-year-old Pebble Beach Concours d'Elegance it is this: Everyone wants to talk about Tesla....
Read More »

Zetsche mulls cooperation with Apple, Google, report says

8:03 am U.S. ET | Aug. 21, 2015

Daimler's CEO said "different types" of cooperation with Apple and Google are possible as carmakers realize next-generation autos cannot be built without greater input from telecoms and software experts....
Read More »

YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small- and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
Read More »

YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
Read More »

VW delays revamp of Phaeton flagship in profit push, report says

Aug. 21, 2015 10:51 CET

Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the upscale sedan by lowering production and material costs, Bloomberg reported....
Read More »

U.S. senators urge recall of all autos with Takata airbags

1:15 pm U.S. ET | Aug. 20, 2015

After reports this week of a ruptured Takata airbag in a Volkswagen vehicle, two U.S. senators today called on Japanese airbag manufacturer Takata to immediately recall all vehicles containing the company's airbags. U.S. Sens. Richard Blumenthal and Edward Markey said their move was prompted by an incident in June, in which a Takata airbag inflator in a 2015 VW Tiguan ruptured after a collision...
Read More »

Sleeker 2017 Hyundai Elantra teased in sketch

11:06 am U.S. ET | Aug. 20, 2015

Hyundai is trying to stir up excitement for the 2017 Elantra with the release of a teaser sketch of the re-engineered vehicle. The sketch revels the Elantra has a longer nose and sleeker lines, borrowing cues from Hyundai's Genesis luxury sedan....
Read More »

Dealertrack to sell inventory-management business to clear way for Cox merger

9:15 am U.S. ET | Aug. 20, 2015

Dealertrack Technologies has moved to clear a regulatory impediment to its merger with Cox Automotive by agreeing to sell its inventory-management software business to DealerSocket for $55 million in cash....
Read More »

Schaeffler will cut 500 jobs as first-half earnings drop nearly 2%

Aug. 20, 2015 11:04 CET

Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months....
Read More »

2015 FRANKFURT AUTO SHOW

Audi teases Tesla Model X fighter, says launch planned for 2018

Aug. 19, 2015 11:06 CET

Audi issued a teaser picture and some details of an all-electric SUV that it will launch to rival the upcoming Tesla Model X. The SUV will have a range of more than 500km (310 miles) and will go into production in 2018 as the brand's first volume electric car, Audi said....
Read More »

Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV....
Read More »

HANNAH LUTZ

BLOG: Why industry's trudging tech rep no longer applies

12:15 pm U.S. ET | Aug. 19, 2015

Auto dealers and lenders have a reputation of resisting change, especially when it comes to technology. But maybe that reputation is undeserved now....
Read More »

Autoliv says M/A-COM unit acquisition will beef up automated-driving tech

11:00 am U.S. ET | Aug. 19, 2015

Automotive safety systems supplier Autoliv Inc. said it completed the acquisition of the automotive unit of M/A-COM Technology Solutions Holdings Inc....
Read More »

Volvo first-half profit rises 71% as Europe offsets China, U.S. slowdown

Aug. 19, 2015 08:28 CET

Volvo boosted its earnings goal for the year after operating profit rose 71 percent in the first half as strong demand in Europe offset slower development in China and North America....
Read More »

Mazda makes new MX-5 lighter, more agile

Aug. 19, 2015 06:01 CET

The fourth-generation Mazda MX-5 represents the biggest step to date in the roadster's development. The car's program manager said the new MX-5 is smaller, safer, lighter, more agile and more efficient than its predecessor....
Read More »

Aston aims to launch 800-hp, all-electric Rapide in 2 years

7:00 am U.S. ET | Aug. 18, 2015

Aston Martin is betting that even James Bond won't mind an 800-hp electric car. The longtime builder of British sports cars will bring an all-electric version of its four-door Rapide to market in two years, CEO Andy Palmer confirmed to Automotive News....
Read More »

Hyundai, Kia replace China executives after sales slump

11:12 am U.S. ET | Aug. 18, 2015

Hyundai and sister automaker Kia replaced three China executives, the South Korean carmaker said today, after sales skidded in the country, the group's largest market....
Read More »

2015 FRANKFURT AUTO SHOW

Kia gives Sportage sleeker look, upscale interior

Aug. 18, 2015 06:01 CET

Kia has given its Sportage a sleeker look and an upscale interior to help the model compete better in the tough compact SUV segment. The new Sportage will have Kia's "most refined, highest-quality cabin to date," the automaker said. The SUV will debut next month in Frankfurt....
Read More »

AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001....
Read More »

Tesla, VW remain only Takata airbag users without recalls

6:54 am U.S. ET | Aug. 18, 2015

Volkswagen and Tesla are the only automakers that have avoided U.S. recalls while continuing to use Takata Corp. airbag inflators, which have triggered a global safety crisis....
Read More »

VW faces NHTSA probe after Takata airbag incident

3:51 pm U.S. ET | Aug. 17, 2015

NHTSA is widening its Takata airbag probe after a Takata side airbag in a Volkswagen SUV ruptured in June....
Read More »

Lear buys technology from California automotive app developer

3:34 pm U.S. ET | Aug. 17, 2015

Lear said today it has acquired the intellectual property and technology of Autonet Mobile, a software and device developer of automotive applications in California....
Read More »

Automotive News Cover
News by Brand