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VW suffers production woes adjusting to MQB platform, report says
WOLFSBURG (Reuters) -- Volkswagen's move to add extra German production shifts for the Golf hatchback, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources told Reuters. VW is relying on its new MQB modular platform to deliver
Suzuki recalls 25,900 Verona sedans in U.S.
DETROIT (Reuters) -- Suzuki Motor Corp. is recalling 25,900 Verona sedans from the 2004 to 2006 model years in the United States on the increased risk of a fire linked to daytime running lights, U.S. safety regulators said today. This is an expansion of a May recall of 184,244 Suzuki Forenza and ...
Ford switching employees to iPhones from BlackBerries
TOKYO (Bloomberg) -- Ford Motor Co. is deploying iPhones for corporate use to employees worldwide, scoring a win for Apple Inc. as it seeks to lure more corporate customers. The automaker will replace Blackberry Ltd.'s smartphones with iPhones for about 3,300 workers by the end of this year, Sara
Near-record auto lending drives Ally Q2 profit higher
NEW YORK (Reuters) -- Ally Financial Inc. reported a bigger-than-expected quarterly profit today as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co. said it had earned $323 million, or 54 cents per share, in the ...
Tesla's Musk to portray himself on 'The Simpsons'
Tesla Motors CEO Elon Musk will be providing the voice for himself in an episode in the 26th season of "The Simpsons," the show's executive producer, Al Jean, said at a Comic-Con panel. This will be Musk's second appearance on the show, though the first in which he speaks. In the earlier episode,
Italy mulls incentives to boost 'fragile' car market
ROME (Reuters) -- The Italian government is considering offering tax incentives to encourage new car purchases by both private and public sector owners, Transport Minister Maurizio Lupi said. "We are thinking of using fiscal levers to encourage a renewal of our car stocks," Lupi told reporters ...
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
GKN confident as auto-unit growth offsets currency hit
LONDON (Reuters) -- British engineering company GKN said today it was confident regarding the rest of 2014 after first-half profit at its car parts supply division helped offset a strong currency hit. GKN posted a 6 percent gain in pretax profit to 296 million pounds ($502 million) for the six ...
Honda Net Rises 20% (7/29/14)
Cuts counteract U.S. sales drop; a spark for BMW EV sales; Camry Hybrid recall sought; Snyder: Cars and techno-skeptics.
Faurecia increases earnings target
PARIS (Bloomberg) -- French supplier Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region. Operating income rose to 311 million euros ($418 million) from 256 million euros a year earlier, Faurecia ...
Toyota plans to name $69,000 fuel-cell vehicle Mirai, report says
TOKYO (Bloomberg) -- Toyota Motor Corp. is planning to name its $69,000 fuel-cell car Mirai, the Japanese word for future, a person familiar with the decision told Bloomberg. The person asked not to be identified because the decision hasn't been made public. The name of the car will be unveiled ...
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
AvtoVAZ CEO Andersson aims to restore pride to Lada
Bo Andersson, a former top purchasing manager at General Motors, is the first non-Russian CEO of AvtoVAZ, which is now controlled by Renault-Nissan. Andersson, a Swedish national, is tasked with turning around AvtoVAZ's struggling Lada unit, whose sales have been hit hard by competition from ...
Fiat would find a safe haven in VW
Some things sound so improbable that you think that they just might be true. Reports that Volkswagen may buy Fiat-Chrysler (FCA) come under this category. VW patriarch Ferdinand Piech has always been interested in buying Fiat's Alfa Romeo and Ferrari units, but the likelihood of VW acquiring the ...
TRW net income rises to $265 million in Q2
DETROIT -- Automotive safety technology supplier TRW Automotive Holdings Corp. today said its second-quarter net income rose 7 percent to $265 million.andnbsp; Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement .andnbsp; TRW CEO John Plant cited ...
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 –
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
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
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 ...
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 ...
Skoda bets on sporty design to boost Fabia sales
Skoda has given its Fabia subcompact a more dynamic, sharper and sportier design. The Czech brand will unveil the latest-generation Fabia at the Paris auto show in October. The car is the brand's No. 2 seller in Europe after the Octavia compact. The Fabia is the first Skoda to use elements of the
Akerson says GM's problems were worse than execs thought
Former General Motors CEO Dan Akerson said the automaker's delayed ignition switch recall was indicative of a flawed corporate culture that was worse than he and other executives had originally recognized. In an interview last week with The Detroit News that was published today , Akerson reflected
2015 Cadillac ATS offers wireless charging dock
General Motors said it will offer wireless charging for smartphones for the first time in the 2015 Cadillac ATS sedan and coupe when they are launched this fall. The wireless charging dock will be compatible with Powermat -- a smartphone accessory that allows devices to be charged on a rubberized
GM dogged by recalls, lingering dealer disputes in Canada
TORONTO -- Derrick and Eric Sharma are done with their Chevy Camaro. Self-proclaimed "car-heads," the brothers from Brampton, Ontario, bought a Transformers-inspired, yellow and black Camaro in 2007. After the massive recalls by General Motors Co. this year, the brothers sold it and bought a Nissan