Automotive news

• NAFTA rules of origin could backfire, study says

  26-04-2018 23:30
  
  U.S. proposals on rules of origin that govern what percentage of a car needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower U.S. vehicle sales and hurt U.S. car exports, according to a study released on Thursday.Continue reading NAFTA rules of origin could backfire, study says NAFTA rules of origin could backfire, study says originally appeared on Autoblog on Thu, 26 Apr 2018 17:30:00 EDT.Please see our terms for use of feeds. Permalink | 
  
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• Musk's 'no new capital' promise faces scrutiny when Tesla reports results

  26-04-2018 23:06 via feedproxy.google.com
  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?
  
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• GM, again, faces $1 billion fight over bankruptcy accord

  26-04-2018 22:55 via feedproxy.google.com
  An independent trust handling GM's old bankruptcy claims reached a new settlement with customers who sued the automaker years ago over faulty ignition switches -- a deal that could force GM to give up more than $1 billion in new stock if a judge...
  
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• BorgWarner Q1 income surges 19 percent on currency gain, acquisition

  26-04-2018 22:41 via feedproxy.google.com
  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.
  
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• Ally says Q1 net income rises 17%

  26-04-2018 22:32 via feedproxy.google.com
  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.
  
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• Toyota invests $170 million in Miss. plant for next Corolla

  26-04-2018 22:30 via feedproxy.google.com
  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.
  
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• Jaguar XF S Sportbrake vs. Volvo V90 R-Design: A sporty wagon comparison

  26-04-2018 22:16
  
  Filed under:Jaguar,Volvo,Wagon,Luxury,Performance,ComparisonWe had both a XF Sportbrake S and a V90 T6 AWD R-Design come through the office recently, and since they're really close competitors – both fairly large wagons, both luxury vehicles, both have sporting pretenses, and both feature all-wheel-drive. And in the case of our test cars, they're equipped very similarly. They do get to that price in different ways, though.Continue reading Jaguar XF S Sportbrake vs. Volvo V90 R-Design: A sp
  
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• Pruitt defends decision to ease fuel economy standards

  26-04-2018 21:47 via feedproxy.google.com
  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.
  
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• Group 1 Q1 net rises on U.S. sales growth

  26-04-2018 21:35 via feedproxy.google.com
  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.
  
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• CDK's net jumps 24 percent on strong DMS growth

  26-04-2018 21:10 via feedproxy.google.com
  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.
  
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• Tesla Autopilot chief leaves to join Intel

  26-04-2018 20:43
  
  Filed under:Green,Hirings/Firings/Layoffs,Tesla,ElectricTesla Inc's Autopilot chief Jim Keller is leaving the electric vehicle manufacturer to join chipmaker Intel Corp. Keller, Tesla's vice president of Autopilot and low-voltage hardware, will be succeeded by Pete Bannon, a Tesla executive who previously oversaw chip development at Apple Inc, a Tesla spokeswoman said via email on Thursday.Continue reading Tesla Autopilot chief leaves to join Intel Tesla Autopilot chief leaves to join Intel orig
  
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• Lynk & Co 02 SUV review

  26-04-2018 20:16
  
  Image 1 of 10
  Image 1 of 10 27 Apr, 2018 9:00amJonathan Burn
  Set to arrive in Europe in 2020, we’ve been for an early drive in the Lynk & Co 02 SUVThere’s a chance you may not have heard of Lynk & Co. The brand only appeared at the end of 2016, but in that short space of time it has come a relatively long way. Two models are already on sale in China, with a third in the pipeline. Think of the company as Volvo’s more adventurous younger brother, and you’ll be on th
  
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• Visteon Q1 net income rises 3.2 percent on China gains

  26-04-2018 20:09 via feedproxy.google.com
  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.
  
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• For Bosch diesel claim, technical details to come

  26-04-2018 19:27 via feedproxy.google.com
  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?
  
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• The best and worst cars of the 2018 Beijing Motor Show

  26-04-2018 19:05
  
  James Wilson2018-04-27 11:12
  The Beijing Motor Show is growing in prominence and 2018 brought some key car launches as well as some odd ones...The Beijing Motor Show is unequivocally Chinese. It has a mix of luxury, technology and crazy – sometimes all wrapped into one car. Fortunately, the 2018 show has been no exception, which is why we thought it best to round up the highlights from Beijing into one bite size package.
  The Chinese car market is one of the biggest in the world, which
  
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• Junkyard Gem: 1966 Triumph Spitfire

  26-04-2018 19:01
  
  Filed under:Etc.,Automotive History,PerformanceHere's an early Triumph Spitfire from the days before British Leyland, found in a San Francisco Bay Area self-service wrecking yard.Continue reading Junkyard Gem: 1966 Triumph Spitfire Junkyard Gem: 1966 Triumph Spitfire originally appeared on Autoblog on Thu, 26 Apr 2018 13:01:00 EDT.Please see our terms for use of feeds. Permalink |  Email this | Comments
  
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• 2019 Porsche 911 GT3 RS meets its parents at the Isle of Man

  26-04-2018 18:10
  
  Filed under:Reviews,Porsche,Deep Dive,Coupe,Classics,PerformanceA line of Porsche 911 GT3 RS cars, spanning several generations, splays out along the narrow two-lane road. The Isle of Man is damp, rain sputters against the grassy hills, and as we climb Snaefell mountain road, each car in succession is obliterated by fog. Suddenly, I'm alone in the oldest and most precious of the lot, an original 2.7 RS, feeling my way up the mountain at a snail's pace, peering ahead at the massive RS wings swimm
  
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• Sonic's loss widens despite record Q1 revenue

  26-04-2018 18:01 via feedproxy.google.com
  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.
  
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• Could the Chevy Impala be the next American sedan to go?

  26-04-2018 17:40
  
  Filed under:Chevrolet,GM,SedanFord's announcement that it will stop investing in its lineup of sedans in North America and instead fill out its portfolio with more trucks, SUVs and commercial vehicles raises the question of what crosstown rival GM will do with its own fleet of cars. Or maybe, when it will do it. And by "it," we don't mean, "invest heavily in a new generation."Continue reading Could the Chevy Impala be the next American sedan to go? Could the Chevy Impala be the next American sed
  
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• Jaguar's 600-hp XE SV Project 8 is the fastest Jaguar sedan ever

  26-04-2018 17:30
  
  Filed under:Videos,Jaguar,SpecialtyJaguar is honing its XE SV Project 8 performance version, the car it calls its fastest four-door ever built. The manufacturer says the limited edition, 200mph sedan is almost production ready, after countless small adjustments.Continue reading Jaguar's 600-hp XE SV Project 8 is the fastest Jaguar sedan ever Jaguar's 600-hp XE SV Project 8 is the fastest Jaguar sedan ever originally appeared on Autoblog on Thu, 26 Apr 2018 11:30:00 EDT.Please see our terms for u
  
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• Why Ford is killing most of its cars -- and why that's the right move

  26-04-2018 17:26 via feedproxy.google.com
  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.
  
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• Australia slaps $10m fine on Ford over faulty automatic transmissions

  26-04-2018 17:16
  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.
  
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• Vorwerk to invest in Serbian factory

  26-04-2018 17:04
  Germany's Vorwerk is to invest EUR43m in a Serbian factory.
  
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• BorgWarner unveils Q1 net sales up 15.7% to US$2.8bn

  26-04-2018 16:55
  BorgWarner has reported first-quarter net sales up 15.7% to US$2.8bn with operating income of US334m.
  
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• Electric Toyota C-HR revealed at the Beijing Motor Show

  26-04-2018 16:50
  
  Richard Ingram2018-04-26 15:45
  A China-only Toyota C-HR EV has been unveiled at the Beijing Motor Show, but there are no plans to bring it to EuropeToyota has unveiled a battery-electric version of its C-HR crossover at the Beijing Motor Show. The model will launch in China in 2020, but there are currently no plans to bring it to Europe. 
  The CH-R EV forms part of Toyota’s pledge to launch 10 electric cars in China by the end of 2020. The firm will also launch plug-in versions of the
  
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• Renault hooks up with IKEA for rental in France

  26-04-2018 16:38
  Renault Mobility and IKEA France have signed a partnership to offer consumers a car rental solution 24 hours a day, 7 days a week, Renault says.
  
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• Records tumble in Lear's first quarter

  26-04-2018 16:35
  Seating and electrical supplier Lear has reported record results for the first quarter of 2018.
  
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• GM, South Korea to invest $4.35 billion in troubled unit

  26-04-2018 16:02 via feedproxy.google.com
  General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection.
  
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• 2019 Porsche 911 GT3 RS Track Test Review: The indomitable track rat

  26-04-2018 16:00
  
  Filed under:Porsche,First Drives,Coupe,PerformanceWhile the advances on the previous generation are discernible, they are not revolutionary. Worth noting are overall tweaks to the already brilliant suspension, with higher spring rates and metal ball joints on all bearings on the chassis. The previous model had rubber joints up front. These small changes are alchemy, but as proved by the Ring record, they yield results.Continue reading 2019 Porsche 911 GT3 RS Track Test Review: The indomitable tr
  
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• Fiat Chrysler profit up as it closes in on retiring its debt

  26-04-2018 15:45
  
  Filed under:Chrysler,Dodge,Fiat,Jeep,RAMFiat Chrysler Automobiles reduced its debt by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year.Continue reading Fiat Chrysler profit up as it closes in on retiring its debtFiat Chrysler profit up as it closes in on retiring its debtoriginally appeared on Autoblog on Thu, 26 Apr 2018 09:45:00 EDT.Please see our terms for use of feeds. Permalink |  Email this | Comments
  
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• Lear raises outlook on rising seating, electronics sales

  26-04-2018 15:23 via feedproxy.google.com
  Lear raised its outlook for sales and earnings for the year after reporting record first-quarter results. It was the first earnings report for the supplier under new CEO Ray Scott.
  
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• FCA lowers debt more than expected

  26-04-2018 15:19
  Fiat Chrysler Automobiles lowered more debt in the first quarter of 2018 than expected, a media report said.
  
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• U.S. auto sales in April expected to drop despite big discounts

  26-04-2018 15:15
  
  Filed under:Earnings/Financials,Chrysler,Ford,GMU.S. auto sales in April likely fell nearly 8 percent from the same month in 2017 despite big discounts for consumers, industry consultants J.D. Power and LMC Automotive said on Thursday.Continue reading U.S. auto sales in April expected to drop despite big discounts U.S. auto sales in April expected to drop despite big discounts originally appeared on Autoblog on Thu, 26 Apr 2018 09:15:00 EDT.Please see our terms for use of feeds. Permalink |
  
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• Welsh speed limits lowered to combat illegal emissions

  26-04-2018 15:08
  
  Hugo Griffiths2018-04-26 15:20
  Rising nitrogen dioxide levels prompt Welsh Government to reduce national speed limit on some roads to 50mphIllegal levels of nitrogen dioxide pollution have prompted the Welsh Government to announce a speed limit reduction over five major stretches of road.
  By lowering the speed limit to 50mph on two sections of the M4 motorway, as well as parts of the A494, the A483 and the A470, the Welsh Government hopes to bring about an 18 per cent reduction in harmful emissi
  
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• New CEO declares VW on right path despite profit hit

  26-04-2018 15:07
  
  Filed under:Earnings/Financials,VolkswagenVolkswagen's first-quarter operating profit fell on Thursday, but optimism over its new chief executive, the carmaker's financial health and lower provisions for the diesel emissions scandal lifted its shares.Continue reading New CEO declares VW on right path despite profit hit New CEO declares VW on right path despite profit hit originally appeared on Autoblog on Thu, 26 Apr 2018 09:07:00 EDT.Please see our terms for use of feeds. Permalink | 
  
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• Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion

  26-04-2018 14:58 via feedproxy.google.com
  Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt.
  
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• GM adds third shift for crossovers at US plant

  26-04-2018 14:54
  As a result of increased market demand for the GMC Acadia and Cadillac XT5 crossovers, General Motors has announced it will add a third production shift at its Spring Hill manufacturing plant. The third shift is expected to begin production in September 2018.
  
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• GM profit dips on truck changeover, but beats estimates

  26-04-2018 14:50
  
  Filed under:Earnings/Financials,Chevrolet,GM,GMC,TruckGeneral Motors on Thursday reported a higher-than-expected quarterly profit despite a drop in production of high-margin pickup trucks, as it gears up for new models that are expected to boost profits next year.Continue reading GM profit dips on truck changeover, but beats estimates GM profit dips on truck changeover, but beats estimates originally appeared on Autoblog on Thu, 26 Apr 2018 08:50:00 EDT.Please see our terms for use of feeds. Per
  
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• Ford's strategy to improve product portfolio in North America

  26-04-2018 14:43
  Ford is sharing more details on changes to its product portfolio.
  
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• Visteon Q1 net income up 3% to US$65m

  26-04-2018 14:34
  Visteon has reported first-quarter net income up 3% to US$65m, with sales of US$814 compared to US$810m last year.
  
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• Autobots roll out! Transforming robot unveiled in Japan

  26-04-2018 14:30
  
  Filed under:Etc.,Videos,Weird Car News,TechnologyA Transformers-style, humanoid robot that can shape-shift into a sports car in about 60 seconds was unveiled in Japan on Wednesday.Continue reading Autobots roll out! Transforming robot unveiled in Japan Autobots roll out! Transforming robot unveiled in Japan originally appeared on Autoblog on Thu, 26 Apr 2018 08:30:00 EDT.Please see our terms for use of feeds. Permalink |  Email this | Comments
  
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• Korea costs hit GM first quarter profits

  26-04-2018 14:27
  A US$0.9bn pre-tax charge related to GM Korea restructuring has reduced General Motors' first quarter 2018 operating income by 58.7% year on year to $1.1bn.
  
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• GM's operating profit sinks 27% on lower pickup production; net falls 60%

  26-04-2018 14:15 via feedproxy.google.com
  GM's net income and operating profit fell sharply in the first quarter because of planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.
  
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• UK car output falls in March

  26-04-2018 14:05
  UK car production declined in March, down 13.3% year on year, according to the Society of Motor Manufacturers and Traders (SMMT).
  
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• Magna wins lidar contract with BMW Group

  26-04-2018 14:00 via feedproxy.google.com
  Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz.
  
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• Kremlin hails major aid package as market stimulus boosts sector

  26-04-2018 13:55
  Russia's automotive sector has emerged from the crisis of the past four years due to "serious support," which reached more than US$1bn alone last year from the government say Kremlin politicians as the country continues its slow recovery.
  
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• China may cut light-vehicle import duty by nearly half, report says

  26-04-2018 13:22 via feedproxy.google.com
  China is mulling proposals to cut import duties on passenger cars by about half, Bloomberg reported, citing people with direct knowledge of the matter, a move that's set to give a lift to luxury brands such as BMW and Lexus.
  
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• Ford Mondeo production to cease in 2022

  26-04-2018 13:05
  
  It has been confirmed that the Ford Mondeo saloon will be phased out of production by March 2022, with Ford citing changing customer demand as the reason for calling time on its previously big selling family car.
  Since introduction in 1993 as a “world car”, Ford has sold over five million Mondeos in Europe. As many as 86,500 were sold in the UK alone in 2001, but sales have declined over a 28 year stint in the brand’s line-up, with just 2,400 sales in 2020.SEE MORE New Ford Kug
  
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• Final European Ford Mondeo rolls off Valencia factory line

  26-04-2018 13:05
  
  Family car icon’s story finishes here as final cars mark the end of Mondeo production for Europe
  
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• Ford Mondeo’s future in doubt as Fusion is axed in US

  26-04-2018 13:00
  
  John McIlroy2018-04-26 12:05
  The long-term future of the Ford Mondeo looks unclear following the news that its US sister model will be droppedThe long-term future of the Ford Mondeo looks increasingly uncertain after the automotive giant announced plans to drop the popular model's sister vehicle - the Fusion - in the United States, and focus on pick-ups and SUVs in that region instead.
  The current Mondeo was introduced in 2014 in Europe - and it has survived declining sales partly beca
  
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