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Jul
28th

Was stock market told in time about Marchionne’s health

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Italy's market regulator Consob is carrying out checks on Fiat Chrysler's share price performance and the way the company informed the market about the health crisis of its former CEO Sergio Marchionne, sources told Reuters.
Jul
28th

China, product lineup at top of new FCA CEO Mike Manley’s to-do list

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New Fiat Chrysler CEO Mike Manley worked at Sergio Marchionne's side for nine years, so he is no stranger to the daunting set of challenges facing the world's seventh-largest automaker.
Jul
28th

Fiat Chrysler gets R and D help from Uncle Sam

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Suppliers can take years to research and develop a new alloy. FCA solved a need by partnering with a U.S. national lab.
Jul
28th

China, product lineup at top of new FCA CEO Mike Manley’s to-do list

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New FCA CEO Mike Manley worked at Sergio Marchionne's side for nine years, so he is no stranger to the daunting set of challenges facing the world's seventh-largest automaker.
Jul
28th

Canadian retailer HGreg.com expands used-vehicle stores in Florida

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A Canadian auto retailer is growing its network of used-vehicle stores in Florida, and expansion into other states could be on the horizon eventually.
Jul
27th

Penske, Group 1 also feel profit pinch from BMW, Honda

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Following a profit warning by Sonic Automotive Inc., fellow public retailers Penske and Group 1 said this week that they also felt a profit pinch in the second quarter because of incentive changes at BMW and Honda.
Jul
27th

Robot maker Fanuc plans $51 million facility in Mich.

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Fanuc, a major supplier of automotive assembly robots, is planning to invest in a new high-tech robotics operation near its North American headquarters in suburban Detroit.
Jul
27th

Hyundai-Kia gas mileage settlement gets another hearing

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A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai and Kia vehicles whose fuel economy was inflated.
Jul
27th

Project BP23 Speedtail and future McLaren cars

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Only last month, McLaren Automotive announced a shake-up of its former Track22 business plan, extending the programme to the end of 2025 and adding multiple derivatives of its future cars. So it's the perfect time to take a fresh, in-depth look at the company plans for the next seven years.
Jul
27th

Project G20 and other key cars in BMW’s future

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BMW AG is the next car maker in just-auto's series of articles looking at future models. First up it's BMW cars and that includes electrified plug-in hybrids but not any from i division or fully electric models: these will be discussed in a separate report.
Jul
27th

Sonic Automotive’s record Q2 revenue, gross profit come with caveat

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Margin pressures at BMW and Honda stores contributed to lower-than-expected second-quarter results at Sonic Automotive, though the retailer set quarterly revenue and gross-profit records.
Jul
27th

Ford stokes up 2019 F-150 Limited with Raptor firepower

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The most expensive version of the F-150 pickup is adding a Raptor roar in Ford's latest thrust in Detroit's hypercompetitive truck sector.
Jul
27th

Visteon’s profits drop while new business soars

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Visteon took a hit from falling North American production, but it logged two big new contracts in the second quarter.
Jul
27th

French automakers worry EU-U.S. tariff deal may benefit Asian rivals

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The prospect of a tariff-free zone for car imports between the U.S. and the EU could open the gates to Asian rivals, according to the French auto industry lobby.
Jul
27th

VW recalls 57,000 vehicles in U.S. and Canada for rollaway risk

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More than 57,000 Volkswagens in the U.S. and Canada are being recalled due to issues with the switch used to prevent a key from being removed while the vehicle is not in park.
Jul
27th

General Motors’ acccounting chief leaves for GE

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Thomas Timko, GM's chief accounting officer since 2013, plans to leave the company to take the same role with General Electric.
Jul
27th

Hyundai Motor and union strike deal

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Hyundai Motor and its 51,000-strong trade union have reached an agreement on pay, according to Korean media reports.
Jul
27th

Zilina plant central to Kia Europe success

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Kia's relatively new Zilina, Slovakia car factory (production started with the first c'eed in 2006) is, like most greenfield facilities these days, more than a one-site shop. It's what the US calls a campus - no fewer than three Kia factories: car parts production and assembly and two engine plants.
Jul
27th

Visteon Q2 net income falls 29% to US$35m

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Visteon has recorded second-quarter net income down 29% to US$35m, while sales also dipped from US$774m to US$758m.
Jul
27th

Autoliv Q2 profit rises 4% despite raw material, pricing headwinds

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Autoliv's second-quarter profit rose 4 percent to $229 million, although headwinds from raw material pricing and currency movements eroded strong sales growth.
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