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Renault first-half profit surges 25% on cost cuts
PARIS -- Renault today reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow. Earnings before interest, taxes and one-time items climbed to 729 million euros ($979 million) from 583 million euros
Honda profit rises 7 percent on cost cuts, Japan sales
TOKYO -- Honda Motor Co.'s April-June operating profit rose 7 percent from a year earlier to 198 billion yen ($1.94 billion), as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets. Net income rose 20 percent to 146.5 billion yen, Honda said
Many drivers are ready for autonomous cars, survey says
A significant percentage of drivers are ready for their cars to do the driving for them. In a study conducted in June by Insurance.com, 32 percent of the 2,000 licensed drivers surveyed said they would not continue to drive themselves once a self-driving car became available. This was the first ...
Ford Hikes F-150 Prices (7/28/14)
Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up
Honda's summer clearance makes an impression
Previous Weeks Top Videos of the Year Top Videos of All Time Honda's promotion for its summer sales clearance offered the only new video on our viral video list this week, but three videos from Toyota, Jaguar and Ford broke back into the top 10. Honda's "Fan" from Rubin Postaer and Associates ...
GM, Toyota plan to resume production in South Africa
JOHANNESBURG (Reuters) -- General Motors and Toyota Motor Corp. plan to resume production on Tuesday in South Africa and the nation's largest union agreed to end a four-week strike in the metals sector after accepting a wage increase offer from employers. The deal was a welcome relief to the ...
Tenneco's Q2 profit rises 29% on record revenue
Tenneco Inc., a ride-control and emission-control systems supplier, today reported that its net income rose 29 percent in the second quarter from a year ago to $81 million on record revenue of $2.2 billion. For the second quarter of 2013, Tenneco's net income was $63 million. The quarterly revenue
Tesla, Panasonic reach agreement on U.S. battery plant, report says
(Reuters) -- Panasonic Corp. has reached a basic agreement with Tesla Motors Inc. to initially supply the electric automaker's proposed lithium-ion battery plant with machinery to make battery cells, the Nikkei said. Panasonic will likely invest about 20 billion yen to 30 billion yen ($196.4 ...
Consumer Reports presses Toyota to recall some 177,500 Camry hybrids
DETROIT (Reuters) -- An influential consumer magazine on Monday called on Toyota Motor Corp. to recall about 177,500 older Camry hybrid sedans to address potential power brake defects. Consumer Reports , which many consumers use when studying what vehicles to buy, said the Japanese automaker's ...
Ohio dealer loses fight with Ford
After six years of litigation, a federal judge has tossed a bad faith claim against Ford Motor Co. by an Ohio dealership angry about Ford's approving and financing franchise transfers for a competing Lincoln-Mercury store. U.S. District Judge Jack Zouhary sided with Ford and urged Franklin Park ...
Self-driving tech attracts ZF to TRW
BERLIN -- Self-driving cars are years away, but their lure is prompting ZF Friedrichshafen AG, a German supplier of transmissions and other mainstream products, to consider buying TRW Automotive, said ZF's finance chief. ZF is in early acquisition talks with TRW, which makes airbags, electronics ...
North America car and truck production by plant, June
North America car and truck production by plant, June Plant
North America car and truck production by plant, June and YTD
June 4 mos.
June June Percent 4 mos. 4 mos. Percent
2014 2013 change 2014 2013 change
Ford Fusion 2,473 33 – 28,395 52 –
Performance push from Japan's Big 3
Reliable but unexciting. That's been the knock on Japanese cars in the United States since, well, always. But Toyota, Honda and Nissan -- and their upscale offshoots -- are out to change that impression with several high-performance halo cars. Acura will unleash its NSX sports car in the first half
Scion's entry-level reload means big changes
After a year of studying the possibility of turning Scion into a near-luxury brand that would slot underneath Lexus and compete against the German entry-luxury products, Toyota has decided to keep it as a starter brand with a product lineup tailored to young shoppers. That lineup won't be ...
The day 3 Hall of Famers met in Maranello
For Automotive News Editor-in-Chief Keith Crain, who entered the Automotive Hall of Fame last week, 1978 was a big year for scoops. The one usually discussed -- and recounted in several books -- was his revelations about Henry Ford II firing Lee Iacocca. But there was another scoop that year -- ...
COMMENTARY: Scheele wasn't too big to solve a paint problem
Former Ford Motor Co. President Nick Scheele, who died this month at age 70, left warm memories throughout the auto industry. Scheele ran both Ford of Europe and Jaguar before coming to the United States in 2001. In those days, he frequently met with Staff Reporter Bradford Wernle, who was posted
Tell us the true towing rating
To the Editor: Regarding "Ford to tout new F-450 towing capacity, hp, torque as best in class" ( autonews.com, July 16): I don't understand why Ford doesn't rate its new Super Duty pickup using the SAE J2807 standard. I understood the J2807 standard as a way for consumers to tell what the true ...
Toe the line on towing
On the cusp of the 2015 model year, rival automakers are still making pickup towing capacity claims that don't meet an industry standard they agreed to in 2009. It's a marketing war of words, with some combatants redefining the words to create an advantage. That must stop immediately. Pickup buyers
Targeted digital ads start with car color
A New York digital marketing company is harnessing the power of the palette. Say, for instance, a car shopper builds a shiny red SUV in an automaker's online configurator. Eyeview says its technology can deliver an online video advertisement of that shiny red SUV directly to that customer. Or -- ...
Nissan profit rises 37% on U.S., China demand
TOKYO (Bloomberg) -- Nissan Motor Co. today said net income rose 37 percent to 112.1 billion yen ($1.1 billion) in the April-June quarter as deliveries rose in the United States and China, its two biggest markets. The profit increase may signal that CEO Carlos Ghosn is gaining traction after making
GM moved faster to fix larger cars
DETROIT -- General Motors treated isolated reports of flimsy ignitions in its mid-sized, full-sized and luxury cars more urgently than similar but far more voluminous complaints about the less profitable Chevrolet Cobalt and Saturn Ion, documents GM submitted to federal regulators show. The ...
Big wave of Infiniti products ahead
Infiniti dealers and consumers will wait until 2016 at the earliest to see a number of critical new products that have been promised. The pipeline includes a trio of as-yet-unidentified new compact vehicles, built in Mexico in cooperation with Mercedes-Benz. There will be at least one new car above
Happy Birthday, boss! Let's open some stores
Sonic Automotive President Scott Smith will get a special birthday present when he turns 47 on Oct. 20. That's the day Sonic plans to open the first of its stand-alone used-car stores in Denver. Jeff Dyke, Sonic's executive vice president of operations, said he picked the opening day, thinking it
It was one heck of a night
Last week, the Automotive Hall of Fame celebrated its 75th anniversary and inducted four people. I was very honored to be one of them, along with data guru Dave Power; Ferdinand Piech, chairman of Volkswagen AG's supervisory board and grandson of Ferdinand Porsche; and the late Alex Tremulis, a ...
Outsiders could only help GM
To the Editor: This is in response to Richard Herdegen's comments in the July 21 issue about the new leadership at Cadillac ("No talented folks at Cadillac?" Letters). I have no doubt that there are many good people working at Cadillac and throughout General Motors. But can anyone seriously doubt