Showing results 1 - 25 of 20022
Fiat Chrysler's targets seen at risk as N.A. still pressured
MILAN/DETROIT (Reuters) -- Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America. The group ...
Rick Case to sell first N.A. 2015 Alfa Romeo 4C for charity's sake
The first new Alfa Romeo to be sold in this country in 20 years will be auctioned next week for charity. That's thanks to Rick and Rita Case, owners of Rick Case Automotive Group in Fort Lauderdale, Fla. Rick Case says his Alfa Romeo dealership in Davie, Fla., is the first store to receive one of
North America production downtime overtime - 10/27/14
North America production downtime overtime - 10/27/14
7.73 7.68 7.75
Week ending Aug. 16
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Ford Motor Co.
Kansas City (Mo.) Truck truck
Kentucky Truck (Louisville) truck
Ford snubs bid to divert Mexico investment to Canada, union says
TORONTO (Reuters) -- Ford Motor Co. has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's autoworkers' union said. Unifor President Jerry Dias told Reuters today that a "last-minute"
NHTSA in line for cultural overhaul after airbag meltdown
WASHINGTON (Bloomberg) -- The agency that botched a campaign to publicize a potentially lethal airbag defect affecting 7.8 million U.S. cars is reviewing its safety culture, according to a senior Obama administration official. The National Highway Traffic Safety Administration will also review ...
NHTSA to brief House committee on Takata airbag recalls
WASHINGTON -- The National Highway Traffic Safety Administration will brief members of the House Energy and Commerce Committee next week on the agency's investigation and recalls of Takata airbags. NHTSA's bungled effort to warn customers about potentially dangerous Takata airbags in an estimated
GM wins appeal, dismissal of Spyker lawsuit upheld
NEW YORK (Reuters) -- General Motors Co. persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati today said Spyker
F-150 Launch On Track (10/24/14)
Ford CEO: 'We are exactly where we expected to be at this point'; Nissan taxi fight in NY; AutoNation's bowl game.
Takata's airbag crisis may spur automaker shift to Autoliv, Daicel
TOKYO (Bloomberg) -- The defect in Takata Corp. airbags linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel in a crucial portion of the market for the safety devices. The market for airbag inflators -- the component at the root of
Lear says Q3 profit rises 24% as global production grows
DETROIT (Reuters) -- Lear Corp., which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.andnbsp; Net income attributable to the company rose to $140.1 million, or $1.72 per share, in the third ...
Delphi Q3 profit rises on higher demand in Asia, North America
DETROIT (Reuters) -- Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America. Net income attributable to Delphi rose to $305 million, or $1.02 per share, in the third quarter ended Sept. 30 from $271 million, or 87 cents
Asbury names former Group 1, RML exec David Hult COO
ATLANTA -- Former Group 1 and RML Automotiveandnbsp;executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions. Hult, 49, will join Asbury on Nov. 3. Asbury had been looking for a ...
Opel on track to achieve turnaround, GM says
FRANKFURT -- General Motors says troubled Opel/Vauxhall unit is on track to achieve a turnaround despite headwinds from Russia. GM said on Thursday that third-quarter losses at its European operations, which mainly comprise Opel and British sister brand Vauxhall, widened to $387 million from a $238
UK car production set for record in 2014 despite September dip
LONDON (Reuters) -- UK car production is still on track to reach its highest level in six years despite lower output in September, the Society of Motor Manufacturers and Traders said. UK car production fell by nearly 3 percent to 137,068 vehicles in September as plants prepared for new models. SMMT
Ford Nets $835 Million (10/24/14)
Pre-tax profit falls to $1.2B; GM Financial probed; ex-Ford PR chief alleges bugging; Edmunds drops ads; Hellcats in action.
Ford's Fields takes his lumps in Q3, looks to next year
DETROIT -- Ford Motor Co. CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally on July 1. He gave every sign that he'll have more to show off next year. Ford's pretax operating profit in the third quarter tumbled 54 percent from a year earlier
Japanese automakers drive UK car industry's rebound
Jaguar, Rolls Royce, Land Rover, Mini, MG. The pantheon of British automakers has a storied history, but it is not exactly populated with big-volume world-beaters. And its recent history has been darkened by years of decline in which many of these household brand names were bought and sold by ...
GM to auction equipment from Opel's Bochum factory
General Motors' Opel unit next month will auction tooling from its plant in Bochum, Germany. GM is shutting the factory to reduce its excess capacity in Europe and help return its operations in the region back to profit. Bochum will make its last vehicle on Dec. 12, according Maynards, the auction
NHTSA's botched airbag recall leaves car owners in dark
WASHINGTON -- The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk. For more than
Wrangler will remain body-on-frame, sources say
DETROIT -- The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned. As a result, the popular off-roader will likely remain built in Toledo, Ohio, where city and union officials have been fighting for weeks
Why Honda is venturing into Oculus' virtual world
MOUNTAIN VIEW, Calif. -- From the back seat of an Acura MDX, I peered out at a stone house on a cliff, fields of wind-swept grass and blue butterflies close enough to touch. All of it was a mirage. In reality, I was in the parking lot of the Honda Silicon Valley Lab here. Strapped to my head was a
Rolls-Royce names BMW exec interior design chief
BMW Group named Daniel Starke as Rolls-Royce head of interior design, a role he previously held at BMW's i electric and plug-in hybrid vehicle subbrand. Starke succeeds Alan Sheppard, who is now Rolls-Royce's head of color, materials and accessories design. Starke's "design experience, proven track
Dana Q3 net income leaps to $90 million
Powertrain component supplier Dana Holding Corp. reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier, the company said today . Quarterly revenue fell to $1.64 billion, from $1.67 billion a year earlier, the ...
Toyota's ad agency will join move to Texas
Toyota's Los Angeles-based U.S. advertising agency is following its longtime client to Dallas in a bid to prolong their nearly 40-year relationship. Toyota, which had been the sole client of Saatchi LA, a branch of Publicis Groupe's Saatchi and Saatchi agency, announced in April that it's shifting