Company Information

Faurecia raises dividend after sales, margins climb

Feb. 11, 2016 11:24 CET

French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent....
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Opel will launch long-range, affordable electric car in 2017

Feb. 11, 2016 10:19 CET

GM CEO Mary Barra said Opel/Vauxhall will launch a long-range, affordable electric car called the Ampera-e in 2017. It will share the Chevrolet Bolt's underpinnings....
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Seat Ateca takes aim at booming SUV market

Feb. 10, 2016 23:12 CET

VW Group's Seat unit unveiled its first SUV, the Ateca, as the brand seeks to benefit from booming demand for high-riding vehicles....
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Renault will launch Koleos successor in Europe

Feb. 10, 2016 06:01 CET

Renault will begin selling a replacement for its Koleos SUV in Europe next year. Unlike its platform sibling, the Nissan X-Trail, the Renault model will not offer a seven-seat version....
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Chevy freshens Trax as crossover competition multiplies

12:01 am U.S. ET | Feb. 10, 2016

The Chevrolet Trax will get a new face and freshened interior for the 2017 model year, an effort to stay ahead of a slew of newcomers in the burgeoning market for subcompact crossovers....
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Tesla revenue spikes on Model S demand, but Q4 losses grow to $320M

4:55 pm U.S. ET | Feb. 10, 2016

Tesla set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said as it reported a net loss of $320 million, up from $108 million a year earlier....
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Will Japan's auto industry consolidate?

10:21 am U.S. ET | Feb. 10, 2016

Japan's crowded auto industry is poised to look more like other major markets, with three or fewer carmakers left by the end of the decade. That's more than car-loving Germany or the far bigger U.S. market....
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About 1 in 5 U.S. vehicles has open safety recall, Carfax says

4:21 pm U.S. ET | Feb. 10, 2016

Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax....
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LARRY P. VELLEQUETTE

BLOG: I agree with NHTSA: E-shifters stink, but they're not defective

2:07 pm U.S. ET | Feb. 10, 2016

I have something in common with the fine folks at the National Highway Traffic Safety Administration: I don't like e-shifters, either. But let's be clear. This isn't an alleged defect....
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GM ignition-switch deal will not be reviewed, U.S. judge rules

11:29 am U.S. ET | Feb. 10, 2016

A U.S. judge today rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition-switch defect that prompted GM to recall 2.6 million vehicles....
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HANNAH LUTZ

BLOG: When a client dies, lender can make or break trust

11:00 am U.S. ET | Feb. 10, 2016

A consumer's death during his or her lease term isn't a common occurrence, but how the lender responds to the needs of the consumer's family members makes a lasting impression....
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Self-driving cars succumb to snow blindness as driving lanes disappear

6:41 am U.S. ET | Feb. 10, 2016

As automakers race to get robot cars on the road, they're encountering an obstacle very familiar to humans: Old Man Winter. Simple snow can render the most advanced computing power useless and leave vehicles dead on the highway....
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Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting....
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Daimler recalls 840,000 vehicles in U.S. for airbag concerns

Feb. 9, 2016 20:49 CET

Daimler said it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of $383.96 million....
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EPA, SEMA at odds over proposed racecar rule

5:10 pm U.S. ET | Feb. 9, 2016

A potential EPA ban on many road-to-racecar conversions has touched off a battle with the aftermarket industry, whose trade group says the move would reverse decades of agency policy and deal a blow to auto racing and the parts market....
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Tenneco adjusted earnings rise 23% in Q4, shares rise

3:14 pm U.S. ET | Feb. 9, 2016

Tenneco's fourth-quarter adjusted earnings rose 23 percent to $80 million as the the supplier of emission-control systems and ride-control components today reported higher revenue generated from light vehicle production in North America, Europe and China....
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Mercedes is not chasing luxury sales lead at any price, Zetsche says

Feb. 9, 2016 11:29 CET

Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand....
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Bob Rossiter, who helped build and rebuild seating giant Lear, dies at 69

11:28 am U.S. ET | Feb. 9, 2016

Former Lear CEO Bob Rossiter, who worked with the company for 40 years and led it through bankruptcy in 2009, died Sunday after a yearlong battle with cancer....
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Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Infiniti CEO calls Q30 a 'game changer' for brand; eyes adding a plug-in hybrid

Feb. 9, 2016 06:01 CET

Infiniti is bullish about its future in Europe. With Q30 production underway in England and output of the QX30 due to join it later this year, 2016 will be a breakout year for Nissan's premium brand, Infiniti CEO Roland Krueger told Automotive News Europe....
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Ferrari retools FF four-seat grand tourer as GTC4Lusso

12:01 am U.S. ET | Feb. 9, 2016

Ferrari is renaming its FF four-seat coupe as the GTC4Lusso and adding rear-wheel steering to boost the appeal of a model launched five years ago as a practical ultraluxury sports car aimed at wealthy families....
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Tesla shares dogged by falling gas prices, output concerns

4:49 pm U.S. ET | Feb. 8, 2016

Tesla shares fell to a two-year low amid concerns that cheap gasoline is stifling demand for electric cars as well as whether the company can efficiently produce enough of its new crossover....
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Ferrari's 'family' car gets new name, more power

Feb. 8, 2016 15:41 CET

Ferrari is renaming its FF four-seat coupe as the GTC4Lusso and adding rear-wheel steering to boost the appeal of a model launched five years ago as a practical ultraluxury sports car aimed at wealthy families....
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Suzuki quarterly operating profit up slightly; net profit outlook trimmed

1:57 pm U.S. ET | Feb. 8, 2016

Suzuki said operating profit rose slightly in the third quarter on healthy demand in India, but trimmed its full-year net profit outlook due to a tax-related issue....
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NEWS ANALYSIS

VW haunted by emissions lies as it faces tougher U.S. prosecutors

11:30 am U.S. ET | Feb. 8, 2016

No one has died from the emissions-cheating software Volkswagen has admitted it installed in some of its cars, yet U.S. prosecutors may treat it more harshly than two automakers whose defective vehicles killed people. Neither GM nor Toyota plead guilty in their cases, but VW may be forced to if charged with criminal conduct and also wants to settle....
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