Category: Auto

Auto

Cars.com could be sold as a result of strategic review

Cars.com, one of the auto industry’s largest online shopping sites, said Wednesday it is exploring “strategic alternatives,” including a potential sale of the company. The review, which the company said its board authorized on Sept. 28, comes as Cars.com contends with pressure from an activist investor calling for a leadership change or sale at the […]

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EPA racing clock for 50-state emissions plan

WASHINGTON — Acting EPA Administrator Andrew Wheeler on Wednesday defended the Trump administration’s proposal to scale back tailpipe emissions standards and held out hope for an agreement with California on a national program that would make compliance less costly for automakers. Wheeler told the Senate Environment and Public Works Committee, which held a hearing on […]

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BMW adds plug-in hybrid to 2020 7-series lineup

BMW’s 7 series premium sedan is receiving design, powertrain and technology updates for the new year. Turbocharged six-, eight- and 12-cylinder engines will be joined by a new six-cylinder plug-in hybrid variant when production of the 2020 BMW 7 series begins in March. Pricing was undisclosed. The latest edition of the 7 series receives a […]

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Grill Yourself: The 2020 BMW 7 Series

Following leaked images that made the rounds online, BMW has officially taken the wraps off the 2020 7 Series. The latest update to the German manufacturer’s luxury line plays host to an almost comically oversized kidney grille, slimmer headlamps, and some zestier powertrain options. However, before we get into technical and […]

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Fiat Chrysler to pilot car-sharing, subscription for Jeep owners

Fiat Chrysler Automobiles NV is exploring new ways to boost sales of its money-minting Jeep brand through a three-month pilot with peer-to-peer car-sharing startup Turo and a trial subscription service for Jeep owners. The automaker is recruiting owners to rent out their vehicles through Turo, which lists 350,000 models on its platform and pitches itself […]

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Hyundai, While Not Pulling Up Stakes in the Car Market, Knows Where Its Future Prosperity Lies

Ignore that slight dip in U.S. sales volume last year, Hyundai Motor America’s chief operating officer, Brian Smith, says. It’s just because the automaker stopped flinging so many cars at rental agencies. Barring some unexpected disaster, 2019 should see the brand’s sales climb in the U.S., Smith said, adding that […]

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Linamar’s Hasenfratz urges industry to lobby against tariffs

Editor’s note: The U.S. in July implemented a 10 percent tariff on aluminum imports. An earlier version of this story misstated the percentage of that tariff.  DETROIT — Linamar Corp. CEO Linda Hasenfratz on Wednesday urged the auto industry to pressure lawmakers to end steel and aluminum tariffs, or else risk losing millions of annual North […]

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Ford projects gains in 2019, but shares fall

DETROIT — Ford Motor Co. said Wednesday that it expects revenue and earnings to improve this year compared with 2018, even as the automaker reported a weaker-than-expected fourth-quarter profit. Ford declined to provide specific figures for 2019, but it said operating cash flow should improve as well after declining last year. Ford reported preliminary results […]

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Ford shows profit decline for 2018 but projects gain in year ahead

DETROIT — Ford Motor Co. said Wednesday that it expects revenue and earnings to improve this year compared with 2018, even as the automaker reported a weaker-than-expected fourth-quarter profit. Ford declined to provide specific figures for 2019, but it said operating cash flow should improve as well after declining last year. Ford reported preliminary results […]

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GM’s Washington charm offensive sidelined by Wall Street’s push for profit

WASHINGTON — General Motors code named its November announcement to cut nearly 15,000 jobs in North America and restructure itself “Turbo,” suggesting a leaner approach for the largest U.S. automaker would “accelerate its transformation.” Wall Street investors cheered the ambition to get smaller and boost profits. But in Washington, the move remains a public relations […]

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U.S. automakers push for fuel efficiency deal

DETROIT — Executives at the major U.S. automakers are pressing the Trump administration and California to agree on standards for fuel efficiency and carbon emissions through 2025, as risks increase that a deadline for setting national standards will pass without a deal. Automakers are already entering the time frame when decisions should be made about what […]

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Trophy Automotive says it is unaware of any Nissan review

TOKYO – Trophy Automotive Dealer Group, the California retailer under review by Nissan Motor Co. as part of its investigation of ousted boss Carlos Ghosn, says it is unaware of such a review and maintains that its operations are separate from any businesses embroiled in the scandal. Trophy Automotive purchased two Nissan dealerships as part […]

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SMEV seeks Rs 20,000 crore to promote electric vehicles

Electric vehicle (EV) makers’ body SMEV Wednesday sought an allocation of Rs 20,000 crore in the next two years for promoting EVs in the country and also urged the government to impose a “notional green cess” on conventional vehicles in the upcoming interim Budget to fund the drive. Spelling out their budget wish list, the […]

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France seeks Renault board meeting to replace Ghosn, report says

PARIS — The French government is moving to dismiss Renault’s scandal-hit Chairman and CEO Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. France, Renault’s biggest shareholder, had until now supported the company’s decision to keep Ghosn in office while he awaits […]

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GM, Ford continue winning streak for loyalty

DETROIT — General Motors extended its run as the top manufacturer to a fourth year in IHS Markit’s Loyalty Awards program, with Ford customers again showing the most loyalty to a specific make. IHS cited GM’s focus on customer experience and a diverse product lineup. “GM has a broad product portfolio that supports the longevity […]

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Ford product boss: EVs will be profitable

DETROIT — Less than five years after former Fiat Chrysler CEO Sergio Marchionne publicly asked buyers not to purchase the Fiat 500e because the electric car was a money loser, Ford Motor Co.’s product boss says that automaker won’t be in a similar situation with its own battery-powered vehicles. Speaking Tuesday at the Wolfe Research […]

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Bentayga hybrid presents new challenges for Bentley

DETROIT — The coming Bentley Bentayga plug-in hybrid is presenting some new challenges for the storied luxury brand. Dealers will have to make infrastructure adjustments to accommodate the brand’s first electrified vehicle, while learning how to match the plush crossover with the right consumers, Adrian Hallmark, CEO of Bentley Motors, told Automotive News after a […]

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Affordability tops concerns for NADA’s Welch

DETROIT — Average American consumers getting priced out of the new-vehicle market is “probably the biggest thing” that Peter Welch worries about, the CEO of the National Automobile Dealers Association said Tuesday at the Automotive News World Congress here. Welch said the latest figures he’s seen — through October of last year — show new […]

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