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News and commentary from the leader in North American automotive news
FCA Q2 operating profit rises 15%
27 Jul 2017 at 5:00am
Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati.
BorgWarner Q2 net income up 29 percent
27 Jul 2017 at 2:27pm
BorgWarner reported a 29 percent jump in net income for the second quarter, to $212 million, thanks in part to growth in its sales of drivetrains in China.
2018 Chevrolet Traverse will start at $30,875
27 Jul 2017 at 2:22pm
The 2018 Chevrolet Traverse will start at $30,875 including shipping, Chevy said Thursday, $1,280 more than the 2017 model.
Marchionne expresses 'disgust' over FCA-UAW executive conspiracy
27 Jul 2017 at 1:21pm
FCA CEO Sergio Marchionne expressed "disgust" over an alleged multimillion-dollar conspiracy involving the company's former labor-relations chief, Alphons Iacobelli.
Rolls-Royce taps art world to raise custom game with new Phantom
27 Jul 2017 at 2:00pm
Rolls-Royce Motor Cars is ramping up the personalization options on the redesigned and re-engineered Phantom flagship limousine to allow owners to embed bespoke artwork behind glass in the dashboard.
Feds seize $125,000 worth of pot in rail cars carrying imported Fords
27 Jul 2017 at 1:48pm
For the second time this month, Ford vehicles imported to the U.S. from Mexico were found being shipped with marijuana.
Maserati spearheads FCA's push to electrified vehicles
27 Jul 2017 at 1:41pm
FCA plans for more than half of its lineup to be electrified by 2022, including all Maserati models following 2019, according to CEO Sergio Marchionne.
Ford's ride-share unit Chariot expands to New York
27 Jul 2017 at 11:52am
Ford said that Chariot, the San Francisco-based shuttle service it acquired last year, will soon expand to New York.
U.S. approves fix for more than 300,000 VW diesels
27 Jul 2017 at 10:01am
The fix will include hardware and software upgrades, including replacing an emissions catalyst but will reduce vehicle fuel economy ratings by as much as 2 miles per gallon, VW said.
Group 1 Q2 net falls 16% on energy markets
27 Jul 2017 at 10:47am
Group 1 said its second-quarter net income fell 16 percent compared with the year-ago period to $39.1 million on weakness in US markets impacted by low energy prices, particularly in Houston.
House committee approves self-driving legislation, refines safety exemptions
27 Jul 2017 at 10:35am
The House Energy and Commerce Committee unanimously approved bipartisan legislation that would for the first time govern the manufacturing, testing and deployment of autonomous vehicles.
Penske Automotive says Q2 net income rises 14 percent
27 Jul 2017 at 10:22am
Penske Automotive reported a 14 percent gain in second-quarter net income, crediting increased business in used-vehicle sales, service and parts and finance and insurance.
Ford recalls 117,000 vehicles for risk of seat belt failure
27 Jul 2017 at 9:52am
Ford is recalling nearly 117,000 vehicles because bolts in the seat, seat belt or seat belt buckle may fracture.
KKR to acquire auto assets from S. Korea's LS Group for $943 million
27 Jul 2017 at 4:40am
Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million).
Nissan posts 13% drop in Q1 profit on higher expenses, incentives
27 Jul 2017 at 4:26am
Nissan posted a 13 percent drop in quarterly operating profit, as a rise in marketing and selling expenses, including incentives, offset a rise in global vehicle sales.