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News, blogs and commentary from the leader in North American automotive news



Last Build Date: Thu, 27 Jul 2017 06:00:00 EST

 



UK car industry needs clarity on Brexit as production slumps

Thu, 27 Jul 2017 04:20:01 EST

Britain's automakers and traders are starting to feel the strains of Brexit and output this year is likely fall short of the industry's expectations, the SMMT industry association said. UK car production fell 14 percent in June.



VW profit jumps as core brand pushes cost cuts, models

Thu, 27 Jul 2017 03:00:25 EST

VW Group's profit jumped to 4.55 billion euros ($5.34 billion) in the second quarter, helped by cost cuts and higher-margin new models at its core VW brand.



Aston Martin warns UK ban on fossil fuel cars ban could be 'hazardous' for industry

Thu, 27 Jul 2017 02:11:01 EST

A future with only electric vehicles poses a challenge for niche automakers such as Aston Martin, McLaren and Morgan.



German court blocks prosecutors from using VW law firm seizures

Thu, 27 Jul 2017 01:58:15 EST

Germany's highest court blocked prosecutors from using materials seized during a raid on the U.S. law firm hired by Volkswagen Group to investigate its emissions scandal.



UK will ban sales of gasoline, diesel cars starting 2040

Wed, 26 Jul 2017 01:59:29 EST

Britain will ban the sale of new gasoline and diesel cars starting in 2040. The UK is the latest European country after France to focus on electric vehicles for future transportation.



For GM and Ford, home is where the profits are

Wed, 26 Jul 2017 18:49:20 EST

North America is increasingly where the earnings are for Detroit's biggest automakers. But that's a source of heartburn as U.S. sales stall after seven straight years of growth.



Ford profit edges up on lower tax rate

Wed, 26 Jul 2017 07:00:00 EST

Foreign tax credits helped Ford's second-quarter net income rise 3.7 percent to $2.04 billion, but the automaker reduced its pretax profit outlook for the rest of the year amid declining U.S. sales.



Ex-Chrysler exec, widow of UAW VP charged with conspiracy

Wed, 26 Jul 2017 14:21:21 EST

A U.S. grand jury in Detroit charged former FCA labor chief Alphons Iacobelli and the widow of a deceased UAW vice president in a broad conspiracy to pocket illegal money and gifts.



#8203;

Wed, 26 Jul 2017 18:59:08 EST

Former UAW President Bob King attempted to investigate the spending and actions of the Vice President General Holiefield and FCA executive Alphons Iacobelli during his tenure leading the union.



UAW hires outside counsel to lead internal investigation

Wed, 26 Jul 2017 18:31:31 EST

UAW President Dennis Williams said independent, outside counsel would lead an internal investigation into allegations that union officials were illegally funneled $1.2 million by FCA's former labor chief.



Holiefield, future wife received $1.2 million from worker training funds, indictment says

Wed, 26 Jul 2017 17:57:11 EST

While the UAW's General Holiefield negotiated with FCA at the bargaining table, he and his future wife were living luxuriously with money that was supposed to help train workers, prosecutors charged.



Customer Incentives

Wed, 26 Jul 2017 17:50:15 EST




Lear Q2 net rises 10% to $312 million

Wed, 26 Jul 2017 13:26:41 EST

Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million.



AutoNews Now: Ex-FCA exec, widow of UAW VP indicted

Wed, 26 Jul 2017 15:45:00 EST

Ex-FCA exec, widow of UAW official accused of payoff scheme; Hackett: 'A lot of work to do' at Ford; Porsche keeps appeal crown; Jitters for Tesla buyers.



VW silent on cartel claims; says cooperation with rivals is common industry practice

Wed, 26 Jul 2017 14:53:30 EST

Volkswagen said cooperation among automakers on technical matters is a common industry practice but declined comment on allegations that it engaged in anti-competitive behavior with other German automakers



N.Y. weighs #39;textalyzer' to combat distracted driving

Wed, 26 Jul 2017 14:49:58 EST

Imagine a Breathalyzer, but instead of measuring your blood-alcohol level, it measures your cellphone activity while behind the wheel.



Mazda lifts veil on CX-8 crossover for Japan

Wed, 26 Jul 2017 14:22:22 EST

Mazda has given a better idea of what its Japan-only, three-row crossover is going to look like.



GM Financial plans leasing cutback

Wed, 26 Jul 2017 11:47:08 EST

GM Financial will dial back on leasing in the second half to reduce exposure to future losses on residual values, parent General Motors says. The move is based on an industry forecast that used-car values will drop as supplies of used cars rise.



Ford Credit's Q2 results helped by leasing vigilance

Wed, 26 Jul 2017 12:13:42 EST

An absence of bad news on lease residuals helped Ford Credit boost financial results in the second quarter, parent Ford Motor Co. said.



Porsche repeats as most appealing brand, Power says

Wed, 26 Jul 2017 10:00:00 EST

Luxury brands again dominate the top spots in J.D. Power's latest study of new-vehicle appeal. Genesis debuted at No. 2, followed by BMW, Audi and Mercedes-Benz in the top five.






Mexico light-vehicle sales by make, June and YTD

Wed, 26 Jul 2017 12:37:48 EST










Testy customer? Take a breath before the next one

Wed, 26 Jul 2017 10:27:22 EST

After a negative interaction with a customer, clear your head before you meet the next one, suggests Matt Woods of Service Group. "This may seem like a no-brainer, but I'm willing to bet we don't practice this one as often as we should," he said.



Lease falloff goes beyond customer apathy

Wed, 26 Jul 2017 12:01:20 EST

Leasing fell in the first half of the year, the first such drop since January-June 2012, according to Edmunds. But lack of consumer interest was only part of the reason.



Keys to cracking the Gen Y buyer mystique

Wed, 26 Jul 2017 11:46:59 EST

A casual, targeted approach is an important tool for all finance managers when selling to Gen Y, experts say.



A lender has just reversed its funding decision. Now what?

Wed, 26 Jul 2017 11:45:21 EST

After a lender approves funding and the vehicle has been delivered, the lender sometimes reverses its decision to fund the deal. If dealerships react quickly, they may be able to relieve the problem.



Mercedes showcases its pickup

Wed, 26 Jul 2017 11:30:00 EST

Mercedes-Benz has finally added a pickup to its lineup and people have taken notice.



U.S. House votes to kill CFPB rule barring mandatory arbitration in lending disputes

Wed, 26 Jul 2017 11:18:21 EST

The U.S. House voted 231 to 190 along strict party lines to kill a CFPB rule barring financial institutions from forcing customers to agree to take future disputes to arbitration, instead of the courts, as a condition of opening accounts.



Daimler CEO Zetsche vows to fight for diesel's survival

Wed, 26 Jul 2017 06:19:46 EST

Daimler is conducting a thorough investigation into allegations of diesel cheating as the automaker seeks to burnish the technology's battered reputation amid an onslaught of negative news for an industry reeling from scandals.



Uber lawyers should be booted after aiding cover-up, Waymo says

Wed, 26 Jul 2017 10:43:44 EST

Waymo claims Uber had an accomplice in the theft of invaluable driverless technology trade secrets -- the ride-hailing giant's own lawyers.



First Shift: Ford posts $2B profit for Q2

Wed, 26 Jul 2017 08:30:00 EST

Ford posts $2B profit; Earnings drop at Hyundai, rise at Daimler; Asbury axes Q Auto stores; Zetsche defends diesel; Petrol-car prohibition push; Buick, GMC future product.



PSA sets first-half profitability record on pricing gains

Wed, 26 Jul 2017 02:37:28 EST

PSA increased sales and profit in the first half, setting a profitability record at its automotive division, after the automaker boosted sales of new, more expensive cars such as the Peugeot 3008 and 5008 SUVs.



BMW halts project talks after Daimler disclosed alleged collusion to authorities, report says

Wed, 26 Jul 2017 03:39:07 EST

BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German automakers to cartel authorities, Sueddeutsche Zeitung reported



Hyundai faces weak outlook as U.S., China woes persist, dent Q2 results

Wed, 26 Jul 2017 06:18:13 EST

Hyundai posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues.



German conservative calls for phase-out of gasoline and diesel cars

Wed, 26 Jul 2017 05:42:39 EST

Germany should soon start phasing out gasoline and diesel cars because it was unacceptable to let Britain lead the way while the home of major automakers such as VW, Daimler and BMW lags behind, a member of Chancellor Angela Merkel's Christian...



Daimler says strategy review may result in legally separate entities

Wed, 26 Jul 2017 04:22:56 EST

Daimler is reviewing its company structure and may legally separate some divisions if it helps to make the company more customer focused.



Daimler earnings rise 15% as cartel allegations cloud sales gains

Wed, 26 Jul 2017 02:09:33 EST

Daimler, reeling from allegations of decades-long collusion with other German automakers, reported a 15 percent jump in second-quarter profit as its Mercedes brand delivered another double-digit boost to revenue.



Authenticom gains in suit against Reynolds, CDK

Wed, 26 Jul 2017 00:01:00 EST

A court ruled that Reynolds and Reynolds and CDK must allow Authenticom access to dealership data even as it sues the two for antitrust.



Mary Barra: GM launching over-the-air updates 'before 2020'

Tue, 25 Jul 2017 12:35:33 EST

GM CEO Mary Barra said the company plans to launch a new electrical vehicle architecture and infotainment system capable of over-the-air updates "before 2020."



GM Q2 net drops 42% on Europe restructuring

Tue, 25 Jul 2017 07:30:00 EST

The discipline that helped GM beat Wall Street expectations for nine consecutive quarters will be put to the test in the coming months because several of its most profitable plants will temporarily close for retooling.



U.S. said to review allegations that German automakers colluded

Tue, 25 Jul 2017 04:00:27 EST

U.S. Justice Department officials are looking into allegations that BMW, VW Group and Daimler colluded on technology, strategy and parts to gain an advantage over rivals, Bloomberg reported.



VW exec Oliver Schmidt expected to plead guilty in emissions cheating case

Tue, 25 Jul 2017 11:23:54 EST

Oliver Schmidt, one of the eight VW executives charged in the automaker's diesel emissions scandal, plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said.



Tesla Model S regains top safety rating with software update, Consumer Reports says

Tue, 25 Jul 2017 11:11:00 EST

Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds.



Asbury Automotive exits its used-only operations

Tue, 25 Jul 2017 15:32:25 EST

Asbury Automotive is closing its remaining Q auto stand-alone used-car stores to redirect investments that will deliver better returns.



AutoNews Now: GM's inventory slim-down plan

Tue, 25 Jul 2017 16:00:00 EST

GM's inventory slim-down plan; BMW's Willisch retiring; Quick CAFE-goal revision?; VW exec to plead guilty; Tesla Model S regains top rating; New roles for Andersson, Nardelli.



Asbury's Q2 net drops 13% to $32 million

Tue, 25 Jul 2017 11:54:15 EST

Asbury Automotive's second-quarter net income dropped 13 percent to $31.9 million on lower profit margins per new and used vehicles sold.



Israeli settles Mobileye insider trading case with U.S. regulators

Tue, 25 Jul 2017 12:56:32 EST

An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel.



Subaru sets modest price hike for '18 Impreza

Tue, 25 Jul 2017 11:49:17 EST

Subaru's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model.