Showing results 1 - 25 of 28249
Bringing Jaguars Within Reach? (9/3/15)
Jaguar tries lower prices, free maintenance; Benz takes aim at Tesla, Debut set for Model 3; The next VW chairman?; Labor Day bargain buys.
NGK Insulators to pay $65.3 million U.S. fine for price-fixing, obstruction
A Japanese auto supplier has agreed to plead guilty and pay a $65.3 million fine for fixing prices of automotive parts and attempting to obstruct the ongoing global investigation into auto parts bid rigging, the U.S. Department of Justice said today . NGK Insulators Ltd., based in Nagoya, Japan, ...
Ex-Tesla engineer charged with illegally accessing employee evaluations
SAN FRANCISCO (Reuters) -- A former Tesla Motors engineer has been charged in federal court with felony computer intrusion for accessing his manager's email account, sharing employee evaluations with others and posting confidential information on the Web. Nima Kalbasi, a 28-year-old Canadian, then
TrueCar inks partner deal with Sam's Club
LOS ANGELES -- TrueCar gained a key ally today with the announcement that it will partner with Sam's Club to offer members access to a new-car buying program. The Auto Buying Program will allow Sam's Club -- a membership-only warehouse division of Wal-Mart Stores Inc. -- to offer targeted savings
U.S. Fleet Sales, Aug. and YTD
U.S. Fleet Sales, Aug. and YTD 08 15 Fleet
Retail vs. fleet sales
Estimated retail and fleet volume for August 2015 vs. August 2014
Aug. Aug. 8 mos. 8 mos.
Aug. 2015 Aug. 2014 8 mos. 2015 8 mos. 2014
2015 % retail 2014 % retail Aug. 2015 % retail 2014 % retail 8
Lear buys downtown Detroit office building
Seating and electronics suppler Lear Corp. has purchased a 50,000-square-foot building in downtown Detroit for an undisclosed price. The Hemmeter Building, located near the heart of the city's entertainment district, was built in 1911 for the Hemmeter Cigar Co.andnbsp; Lear spokesman Mel Stephens
VW finance chief Poetsch proposed as next chairman
FRANKFURT -- Volkswagen Group's controlling parent company, Porsche Automobil Holding SE, today said in a statement that it has proposed Hans Dieter Poetsch as chairman of VW's supervisory board, a post that Ferdinand Piech quit earlier this year. Poetsch, 64, has been VW's finance chief since ...
Alcoa plans new randd center for advanced 3D printing processes
CHICAGO (Reuters) -- Metals company Alcoa Inc. said today it will invest $60 million to expand its randd center in Pennsylvania to explore ways to make 3D printing viable on an industrial scale to produce parts for the aerospace, automotive and construction sectors. The move is part of New ...
Takata settles U.S. patent infringement case for airbag sensors
Two units of embattled Japanese auto supplier Takata Corp. are settling a six-year patent infringement dispute with International Electronics and Engineering SA and its Detroit area subsidiary for $1.1 million. U.S. District Chief Judge Gerald Rosen in Detroit ordered Takata AG of Germany and TK ...
Jaguar offers free maintenance, cuts prices in U.S.
PAMPLONA, Spain -- Jaguar is lowering its prices and rolling out free scheduled maintenance in the United States to remove what customers cite as key reasons consumers reject the British brand: high purchase and maintenance costs. The free EliteCare 5-year/60,000-mile scheduled maintenance warranty
Tesla Model X Coming Sept. 29 (9/3/15)
Tesla Model X coming Sept. 29; Dealer sues Maserati; BMW, Audi, Benz clear hurdle in 'Here' buy; Honda recalls '15 Fit; VW's mini Darth Vader, 4 years later; Safest driving cities.
Turkish auto sales rise 37% in August
ISTANBUL (Reuters) -- Turkish auto sales jumped 37 percent to 82,577 passenger cars and light commercial vehicles in August, the Automotive Distributors Association (ODD) said today. Registrations in the first eight months rose 47 percent to 598,973, the ODD said.
Tesla will begin deliveries of Model X on Sept. 29
SAN FRANCISCO (Reuters) -- Tesla Motors will begin delivering its luxury electric crossover, the Model X, on Sept. 29 to customers in the U.S. who have already reserved the SUV. The Model X, eagerly awaited since it was announced in early 2012, will launch with a premium-priced special version ...
Citroen concept hints at 'fun' SUV inspired by Mehari
Citroen has built a concept that takes inspiration from the brand's iconic Mehari beach buggy and hints at a production SUV version of the C4 Cactus. The Cactus M "illustrates the potential of the C4 Cactus as the basis for new models," Citroen said in a statement on Wednesday. The concept will be
Mercedes is working on Tesla Model S fighter, randd chief tells paper
FRANKFURT -- Mercedes-Benz is working on an electric car with a range of up to 500km (311 miles) that could compete with Tesla's Model S battery-powered vehicle, development chief Thomas Weber told German magazine auto motor und sport . "We are working on an intelligent concept for a highly ...
Average U.S. new-vehicle mpg falls in August
The average stated fuel economy of new light vehicles sold in the United States fell in August and is down nearly 2 percent from the record high set a year ago, a University of Michigan report released today said. The average window sticker fuel economy of cars, light trucks, vans and SUVs sold in
Navistar reports a surprise Q3 loss amid U.S. investigation
DETROIT (Bloomberg) -- Navistar International Corp., the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit. Navistar reported a loss of $28 million, or 34 cents a share, in the quarter ended July 31, ...
Maserati dealer sues factory, alleging padded sales
A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug.
From Hellcats to Heavy Duty Rams (9/2/15)
Hellcats to Heavy Duty Rams: FCA's 2016 lineup; Ford open to health-care pool; L-R's U.S. diesel debut; Model X decision time; Official Prius teaser.
Former Saab CEO charged with giving false testimony
STOCKHOLM (Reuters) -- The former CEO of Saab Automobile,andnbsp;Jan Ake Jonsson, was charged on Wednesday with giving false testimony when the aftermath of the Swedish company's bankruptcy played out in court. Jonsson was charged in a Swedish district court with giving false testimony over an ...
Sales edge down but SAAR soars to 17.81 million
U.S. light-vehicle sales slipped 0.6 percent, far better than projections of a 3.3 percent dip, to 1.505 million in August as consumers shrugged off volatile stock prices and continued to splurge on new cars and light trucks. The seasonally adjusted annualized sales rate soared to 17.81 million, ...
VW should strengthen oversight of CEO Winterkorn
Volkswagen Group CEO Martin Winterkorn is set to receive a two-year contract extension that will allow him to continue in the post to 2018 andndash; long enough to see through his ambitious, decade-long strategy to replace Toyota as the top-selling global automaker. VW's 20-member supervisory board
Why the momentum could last
August was another month that U.S. auto sales beat expectations. Did automakers go crazy on spiffs to hit the highest selling rate in a decade? Is the industry's vaunted discipline finally breaking down? No. Auto marketers are still standing back from the edge of 2009's pit of despair, though maybe
Hyundai brings back Nissan's Hatami as U.S. sales chief
Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief. Nissan North America separately announced Dan Mohnke, its chief marketing officer, will take on Hatami's sales responsibilities. His
Land Rover to roll out two diesels in October
BARCELONA, Spain -- Land Rover expects its first U.S. diesel vehicles will account for up to 20 percent of sales for the two SUVs powered by the new-generation engines. The Range Rover Td6 and Range Rover Sport Td6 go on sale in October and will cost about $1,500 more than the gasoline V-6 models.