Business and Finance

Smart ForTwo takes on more American dimensions

3:34 pm U.S. ET | Aug. 27, 2015

The bite-size Smart ForTwo may have a European flavor, but the third-generation model coming to the U.S. in September was cooked up using plenty of American ingredients. All of the key changes to the 2016 model -- increased width, new transmission choices, and more substantial styling -- were made primarily with the U.S. in mind....
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Tesla Model S breaks Consumer Reports' test scale

6:43 am U.S. ET | Aug. 27, 2015

Tesla's high-performance Model S P85D scored a 103 on Consumer Reports' ratings scale meant to top out at 100, forcing the magazine to recalibrate its ratings. “It blew away everything else we've ever tested,” said Jake Fisher, the magazine's automotive testing director....
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AUGUST U.S. AUTO SALES

Sales may dip for first time in 19 months

1:00 pm U.S. ET | Aug. 27, 2015

Monthly U.S. auto sales are expected to fall for the first time in 19 months in August, but analysts say it's a blip caused by a later-than-usual Labor Day rather than a softening of consumer demand. Still, that could be enough to halt Fiat Chrysler Automobiles' streak of consecutive year-over-year gains after 64 months....
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Monthly payments, loan terms up in Q2, Experian says

1:49 pm U.S. ET | Aug. 27, 2015

The average monthly payment increased and new-vehicle loan terms grew during the second quarter as average U.S. transaction prices for new cars and light trucks rose, Experian Automotive reported today....
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China's BAIC in talks to take Daimler stake, report says

Aug. 27, 2015 11:09 CET

Chinese automaker BAIC Motor is in talks with Daimler about taking a stake in the German luxury carmaker, Reuters reported. If a deal is completed BAIC will become one of Daimler's top shareholders after Kuwait and Renault-Nissan....
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Ferrari considers appointing Marchionne as CEO, report says

Aug. 27, 2015 15:10 CET

Ferrari is considering appointing Sergio Marchionne as CEO after Amedeo Felisa retires from the post in the coming months, sources told Bloomberg. Marchionne is already chairman of Ferrari and CEO of Ferrari owner Fiat Chrysler....
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Cars will be ripe for identity theft as shopping comes to dashboard, experts say

11:48 am U.S. ET | Aug. 27, 2015

Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too. Eager for a cut of drivers' purchases of fast food, gas and more, automakers have big plans to bring e-commerce to the dashboard....
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2015 FRANKFURT AUTO SHOW

Renault touts Talisman wagon's upscale features

Aug. 27, 2015 11:40 CET

Renault is touting upscale features and a roomy interior for the wagon version of its new Talisman midsize model line. The Talisman wagon is a key launch for Renault because 54 percent of sales in Europe's midsize segment are that bodystyle....
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Volkswagen will invest $340 million in South Africa

Aug. 27, 2015 15:52 CET

Volkswagen is investing more than $340 million in South Africa for new products and infrastructure. Automakers in the country, which also include Toyota, BMW and Mercedes, are stepping up exports, helped by the weak rand, as the local market shrinks....
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Toyota poised to restart production at China plant

10:22 am U.S. ET | Aug. 27, 2015

Toyota said it will restart work today at China plants that were shut after explosions in the city of Tianjin. Workers at two lines in the Tianjin Economic Technological Development Area were expected to return today and start preparation to begin production on Friday, Toyota said in an e-mailed statement....
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Honda offers facelift of slow-selling CR-Z sports hybrid

7:12 am U.S. ET | Aug. 27, 2015

Honda hopes a facelift will give a sales lift to one of its weakest entries: the CR-Z sporty hybrid. A revamped version goes on sale in Japan in October and is expected to hit U.S. showrooms sometime the following month....
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China's luxury shoppers hit pause amid roiling markets

7:40 am U.S. ET | Aug. 27, 2015

The rout in China stocks is posing another threat to the world's biggest car market, jeopardizing growth plans for companies from Volkswagen AG to General Motors....
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Global carmakers rework India plans

Aug. 27, 2015 12:01 CET

Leading global carmakers including VW, GM, Nissan and Renault are reviewing their plans in India as they seek to boost sales, avoid more cutbacks, and better compete against market leaders Maruti Suzuki, Hyundai and Mahindra....
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2015 FRANKFURT AUTO SHOW

Kia releases Sportage pictures ahead of show debut

Aug. 27, 2015 10:30 CET

Kia released pictures of its latest Sportage ahead of the model's debut at the Frankfurt auto show. The fourth-generation Sportage gets a sleeker look and an upscale interior to help it boost its competitiveness in the tough compact SUV segment....
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ZF says TRW integration on track, sees stable profits despite China slowdown

Aug. 27, 2015 13:01 CET

ZF Friedrichshafen said the integration of rival TRW is progressing well and it expected full-year sales and profits to remain stable despite a slowing Chinese economy. Unlisted ZF released its first-half results for the first time in its history....
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VW considers exporting Russia-built cars as market slumps

Aug. 26, 2015 18:50 CET

Volkswagen may export Russia-built cars to other countries to offset collapsing sales in the crisis-hit market. The automaker builds VW brand and Skoda vehicles at its Russian plant south of Moscow....
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Dodge Barracuda convertible, next-gen Charger among surprises for FCA dealers in Las Vegas

10:14 am U.S. ET | Aug. 26, 2015

Fiat Chrysler dealers meeting in Las Vegas on Tuesday were wowed by a parade of new products coming to their dealerships, including a Dodge Barracuda convertible and a swoopy next-generation Dodge Charger said to resemble a popular 1999 concept designed by Tom Gale....
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BMW aims to retake segment lead with redesigned 7 series

5:45 pm U.S. ET | Aug. 26, 2015

BMW of North America wants to set a new sales record for the 7-series sedan with its redesigned version -- and regain leadership of the luxury sedan segment....
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Ten automakers sued in U.S. over keyless ignitions

11:30 am U.S. ET | Aug. 26, 2015

Ten of the world's biggest automakers were sued today by consumers who claim they concealed the risks of carbon monoxide poisoning from millions of vehicles equipped with keyless ignitions....
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HANNAH LUTZ

BLOG: E-contracting needs standard definition

12:15 pm U.S. ET | Aug. 26, 2015

Although electronic contracting has gained traction, it’s still not widely embraced by dealers.
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T.RAD, Fujikura settle U.S. price-fixing civil litigation

3:21 pm U.S. ET | Aug. 26, 2015

T.RAD and Fujikura are the latest to agree to civil settlements linked the ongoing U.S. criminal antitrust investigation into automotive supplier fixing. Attorney Hollis Salzman of the Robins Kaplan law firm in New York represented a group of more than 50 individuals who purchased or leased a new vehicle containing auto parts at issue in the federal litigation....
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Acura, Mercedes, Mazda get top rating in IIHS collision prevention tests

12:29 pm U.S. ET | Aug. 26, 2015

Acura, Mercedes and Mazda made an impressive showing in the most recent IIHS testing of vehicles with front collision prevention technology. More than a dozen of the 19 vehicles tested by the Insurance Institute for Highway Safety earned a “superior” rating -- the highest rating offered in this test....
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Ford, UAW in talks to revive Ranger sales, output in U.S.

12:15 am U.S. ET | Aug. 26, 2015

Ford is in discussions with the UAW about bringing the Ranger midsize pickup and Bronco SUV back to the U.S. market, according to media reports and a person with knowledge of the talks. The company is considering a plan to build the vehicles at Michigan Assembly Plant near Detroit after production of the Focus and C-Max ends in 2018, the source said....
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Mercedes aims to expand crossover appeal with tech, right-hand drive GLC

11:45 am U.S. ET | Aug. 26, 2015

Mercedes expects that its latest compact SUV model, the GLC, will generate higher sales than the GLK it replaces because of softer design, additional comfort features and the availability of right-hand-drive in key markets....
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Jaguar touts F-Pace's driving dynamics

Aug. 26, 2015 10:37 CET

Jaguar said its new F-Pace will offer driving dynamics "unlike anything else in the segment" as the UK brand, which is known for its sports cars, takes aim at the Porsche Macan and BMW X4 with its first SUV-styled crossover....
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