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Apr
26th

NAFTA local origin rules could hurt U.S. auto sales, exports, study finds

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American proposals on rules of origin that govern what percentage of a light vehicle needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower vehicle sales and hurt American car exports, according to a new...
Apr
26th

Musk’s ‘no new capital’ promise faces scrutiny when Tesla reports results

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Investors are accustomed to the promises of Elon Musk, but his assertion that Tesla will not need more funds this year has many scratching their heads. How can Musk deliver without fresh cash?
Apr
26th

GM to fight $1 billion stock demand for ignition-switch pact

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GM could be forced to give up more than $1 billion in new stock if a judge approves a deal between a trust handling its old bankruptcy claims and customers who sued over faulty ignition switches.
Apr
26th

BorgWarner Q1 income surges 19 percent on currency gain, acquisition

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BorgWarner Inc. said its net income grew 19 percent to $225 million, as the auto supplier's profits were fueled by a $200 million foreign-currency gain.
Apr
26th

Ally says Q1 net income rises 17%

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Ally's first-quarter net income rose, driven by an uptick in net financing revenue and declines in loan loss provisions and income tax expenses. Auto originations also increased as used-vehicle loan volume reached a record high.
Apr
26th

Toyota invests $170 million in Miss. plant for next Corolla

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Toyota is investing $170 million at its Mississippi plant to build the next Corolla sedan, creating 400 jobs. The move will bring Toyota's investment in the plant to more than $1 billion since 2007.
Apr
26th

Pruitt defends decision to ease fuel economy standards

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The EPA's proposal to reset fuel economy standards for model year 2022-25 vehicles will be heavily motivated by consumer demand, administrator Scott Pruitt told a House panel Thursday.
Apr
26th

Group 1 Q1 net rises on U.S. sales growth

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Group 1 Automotive's first-quarter net income rose 5.5 percent on improving business conditions in the U.S. oil patch, along with the recent U.S. tax cut.
Apr
26th

CDK’s net jumps 24 percent on strong DMS growth

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CDK Global's net jumped 24 percent to $96.1 million for the quarter ended March 31, on strong earnings from North American and international subscription services.
Apr
26th

AvtoVAZ swings to first-quarter profit

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Russia's biggest automaker, AvtoVAZ, returned to profit in the first quarter, on the back of increased sales of its Lada models.
Apr
26th

Vauxhall workers agree to pay deal as PSA’s dispute in Germany continues

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Workers at Vauxhall's Ellesmere Port factory in England agreed to a pay deal with PSA, as a dispute with the French automaker's Opel workers in Germany continues.
Apr
26th

Visteon Q1 net income rises 3.2 percent on China gains

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Visteon said its first-quarter net income rose 3.2 percent to $65 million, as strong gains and product launches in China offset a dip in North American sales.
Apr
26th

For Bosch diesel claim, technical details to come

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Has Bosch really cracked the code and figured out how to take harmful diesel emissions off the table by simply tweaking the turbocharger and by closely controlling the temperature of the air entering the engine?
Apr
26th

The best and worst cars of the 2018 Beijing Motor Show

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Beijing motor show 2018 round-up
Features 27 Apr, 2018

The Beijing Motor Show is growing in prominence and 2018 brought some key car launches as well as some odd ones...

Apr
26th

2018 Beijing Motor Show: round-up – pictures

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Apr
26th

Sonic’s loss widens despite record Q1 revenue

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Sonic Automotive's revenue rose to a first-quarter record on gains in FandI and new- and used-vehicle sales, but the retailer's net loss widened from a year earlier.
Apr
26th

Why Ford is killing most of its cars — and why that’s the right move

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Where will new Ford customers turn for an entry-level offering when the automaker's North American dealerships no longer carry a single sedan? We're about to find out.
Apr
26th

PSA is fixing struggling China operations, Tavares says

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PSA is seeing the first effects of its plan to turn around its China operations, CEO Carlos Tavares told investors and shareholders.
Apr
26th

Australia slaps $10m fine on Ford over faulty automatic transmissions

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Ford has been hit with a A$10m penalty in connection with dual clutch automatic transmissions fitted to several vehicle models sold in Australia and could still face class-action lawsuits from disgruntled current and former vehicle owners.
Apr
26th

Vorwerk to invest in Serbian factory

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Germany's Vorwerk is to invest EUR43m in a Serbian factory.
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