Automotive Headlines

Automotive News Breaking News
Thu Feb 26, 2015 6:15 pm
Nissan will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said.
Thu Feb 26, 2015 5:44 pm
The BMW X3 might not have the heady enthusiast reputation of the esteemed 3-Series sport sedan, or the sexier shape of the upcoming (and closely related) X4, but it adds up to what makes sense for a lot of image-conscious families: styling that's smart and suave; a versatile layout; responsive road performance; and impressive fuel...
Thu Feb 26, 2015 3:03 pm
What a difference one model year makes—especially if you’re considering the Nissan Sentra. While the 2014 model was strictly mid-pack in its occupant-safety ratings, the 2015 Nissan Sentra does significantly better. Even though the Sentra essentially continues into the 2015 model year without major changes, it's not entirely the same...
Thu Feb 26, 2015 1:48 pm
The 2015 Porsche Cayman is, in many ways, the Porsche 911’s little brother, but despite being smaller and less expensive, it is arguably the more focused sports car. With the latest generation of the 911 growing larger and more comfortable—but still inarguably quick—the Cayman is, more than ever, the focused sports...
Automotive News Breaking News
Thu Feb 26, 2015 1:13 pm
Workers at a General Motors factory in Brazil ended a six-day strike today after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.
Automotive News Breaking News
Thu Feb 26, 2015 12:59 pm
Mini has joined a growing list of automakers that have released high-performance concepts for 'Gran Turismo 6' on the PlayStation 3 game system.
Automotive News Breaking News
Thu Feb 26, 2015 10:18 am
A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a US Senate panel today.
Yahoo Automotive
Thu Feb 26, 2015 9:58 am

People walk out of a Canadian Tire Store that is located by a Mark's clothing store, which is owned by Canadian Tire Corporation in Toronto(Reuters) - Retailer Canadian Tire Corp reported a fourth-quarter profit that comfortably beat analysts' estimate, helped by strong sales of its automotive products and sports gear, pushing its shares up 8 percent to a record high on Thursday. Same-store sales at Canadian Tire stores – which accounts for over half the company's retail sales – rose 2.8 percent, as it sold more homeware products and winter tires for cars and light truck tires. "We attribute the beat to stronger-than-expected same-store sales growth at the core Canadian Tire banner, a lower-than-expected increase in operating expenses in the retail segment, and strong results at the financial services segment," BMO Capital analyst Peter Sklar said. At FGL Sports, which sells an assortment of sports-related products, same-store sales rose 4.9 percent in the fourth quarter ended Jan. 3, led by strong sales in its largest brand, Sport Chek.

Automotive News Breaking News
Thu Feb 26, 2015 9:37 am
Fiat Chrysler Automobiles has begun a digital agency review, people familiar with the matter told Advertising Age, an affiliate of Automotive News.
Thu Feb 26, 2015 8:59 am
The Cadillac Escalade is one of the largest SUVs on the market, available in either standard or long-wheelbase editions--just like its mechanical cousins, the GMC Yukon and Yukon XL and the Chevy Tahoe and Suburban. It is the most luxurious SUV that GM and even Cadillac offers and comes with three rows of seats in two different body lengths. It's...
Thu Feb 26, 2015 8:55 am
The Mitsubishi i-MiEV is a subcompact hatchback that's powered by electricity alone. It can travel up to 62 miles on one charge, and it's even smaller than a MINI Cooper. In short, it has a lot of inherent design choices that limit its appeal. After slow sales over a few years, the i-MiEV may be taking the 2015 model year off to let demand catch...
Thu Feb 26, 2015 8:53 am
UPDATE: See below Here's a short list of places you won't want to work in 2015: Radio Shack MySpace (it still exists!) The Kremlin Takata The first three don't need much explaining -- and if you keep up with the auto news, neither does the fourth. In fact, the forecast for Takata grew even cloudier yesterday as the National Highway Traffic Safety...
Thu Feb 26, 2015 8:53 am
The Mitsubishi Mirage is one of the smallest vehicles for sale in the U.S. market, and it's also one of the least expensive new vehicles you can buy. It is sold here as a five-door hatchback. The Mirage is the first new model for the product-starved brand in a long while, and also its most fuel efficient, with combined EPA ratings of up to 40 mpg...
Thu Feb 26, 2015 8:51 am
Porsche’s Boxster is, and continues to be, one of the most utterly joyful cars to drive in Porsche’s lineup—and in the whole car world. Among a list of models that includes the Cayman and 911, that makes the Boxster a true standout, and while it’s not exactly cheap, it is one of the best sports car performance...
Thu Feb 26, 2015 8:49 am
The Honda Crosstour is somewhat of an oddball in the Honda lineup. Originally called Accord Crosstour, it continues to be based on the last generation of Honda's mid-size sedan but has lost the Accord appellation to further separate it from today's updated model. The Crosstour is essentially a mid-size hatchback with a sloped tail that offers...
Thu Feb 26, 2015 8:45 am
The Kia Rio is a subcompact model offered as both a five-door hatchback and a four-door sedan. It's Kia's least expensive and smallest model for the U.S. market. Competitors include the Ford Fiesta, Honda Fit, and Toyota Yaris, among others. The current-generation Rio, which was launched in 2012, significantly boosted the model's refinement...
Automotive News Breaking News
Thu Feb 26, 2015 7:54 am
A consortium of 10 automakers formed to investigate the root cause behind Takata airbag inflator ruptures said today they have selected Orbital ATK to test the supplier's troubled inflators on their behalf.
Automotive News Breaking News
Thu Feb 26, 2015 6:58 am
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year.
Automotive News Breaking News
Thu Feb 26, 2015 4:32 am
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs.
Automotive News Breaking News
Wed Feb 25, 2015 9:01 pm
Ford has hired about 400 more workers than it previously said it would need to build the redesigned Edge crossover in Canada.
Yahoo Automotive
Wed Feb 25, 2015 12:55 pm

File photo of a view of the General Motors headquarters at the Renaissance Center in DetroitGeneral Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, a person familiar with the company's plans said on Wednesday. Automotive News initially reported GM's plans for its plants in Lake Orion, Michigan, and Oshawa, Ontario, citing sources. GM scheduled downtime for March 9-13 at its Orion plant outside Detroit, where the Sonic and Buick Verano cars are made, to adjust for lower demand, said the person, who asked not to be identified. The plant was also idle last week and previously had scheduled a down week April 6-10, Automotive News said.

Yahoo Automotive
Wed Feb 25, 2015 11:18 am
By Lindsay Dunsmuir and Peter Rudegeair WASHINGTON (Reuters) - Santander Consumer USA Holdings Inc will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the U.S. military, the U.S. Department of Justice said on Wednesday. The settlement covers the repossessions of 1,112 motor vehicles SCUSA carried out between January 2008 and February 2013 without obtaining a court order, in violation of the Servicemembers Civil Relief Act. SCUSA neither admitted nor denied any wrongdoing, and a spokeswoman said the lender has already set aside funds to cover the cost of the settlement. SCUSA is the tenth largest U.S. auto lender, according to data provider Experian Automotive.
Automotive News Breaking News
Wed Feb 25, 2015 8:12 am
General Motors is trimming production at two of its car plants amid mounting dealer inventories, an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models.
Yahoo Automotive
Tue Feb 24, 2015 3:30 pm

FILE - In this Feb. 14, 2013 file photo taken with a fisheye lens shows the Buick logo on the grill of a 2013 Buick Regal on display at the Pittsburgh Auto Show in Pittsburgh. Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine’s annual brand report cards, released Tuesday, Feb. 24, 2015. (AP Photo/Gene J. Puskar, File)DETROIT (AP) — Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's annual brand report cards.

Yahoo Automotive
Tue Feb 24, 2015 3:30 pm

In this Feb. 14, 2015 picture, Eri and John Castro pose in front of their 2011 Toyota Prius in Glen Burnie, Md. The Castros bought the pre-owned car last year, only to find out after they got it home that it was under recall because it could stall without warning. (AP Photo/Patrick Semansky)DETROIT (AP) — It's a case of buyer beware, with potentially dangerous consequences.

Yahoo Automotive
Tue Feb 24, 2015 3:17 pm
By Peter Rudegeair NEW YORK (Reuters) - JPMorgan Chase & Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination. The largest U.S. bank said in an annual filing with the U.S. Securities and Exchange Commission that the Justice Department is looking at whether auto loans made by car dealerships to borrowers of different races and ethnicities may have been marked up. JPMorgan is the fifth-largest U.S. auto lender behind Ally Financial Inc , Wells Fargo & Co , Toyota Motor Corp's in-house lending arm and Capital One Financial Corp , according to Experian Automotive.
Yahoo Automotive
Sun Feb 22, 2015 4:14 pm

A logo of Wanxiang Group is seen at China International Auto Parts Expo in BeijingBy Paul Lienert DETROIT (Reuters) - Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday. Wanxiang, which acquired the assets of California-based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped to revive the Karma this year. The revised version of the Karma will be renamed Elux Karma and the Fisker name will be dropped, said the sources, who asked not to be named because they were not authorized to speak for Wanxiang. Wanxiang has not finalized a production site, the sources said.

Yahoo Automotive
Sun Feb 26, 8434 2:24 pm
RICHMOND, Va. (AP) — The U.S. government will fine Japanese air bag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.
Yahoo Automotive
Sat Feb 26, 8394 2:24 pm

Takata Corp's company plate is seen at an entrance of the building where the Takata Corp headquarters is located in TokyoBy Doina Chiacu and Paul Lienert WASHINGTON/DETROIT (Reuters) - U.S. regulators on Friday slapped Takata Corp with a $14,000 per-day fine for failing to fully cooperate with a probe of its faulty air bags and revealed that a fraction of the 17 million cars recalled because of the problems have been repaired. The Japanese parts supplier is still struggling to come to terms with the massive recall and investigation related to the air bags, which have been prone to rupture unexpectedly, spraying shrapnel into vehicle occupants. Defective Takata air bag inflators - which activate the devices in case of collision - have been linked to at least six deaths and dozens of injuries, and have resulted in several lawsuits. Takata failed to comply with two orders U.S. safety regulators issued last year requiring documentation and other material for a probe into the faulty air bags, according to Transportation Secretary Anthony Foxx.

Yahoo Automotive
Tue Feb 26, 2318 2:24 pm

Traders work at the Post that trades Ally Financial Inc. following the IPO on the floor of the New York Stock ExchangeBy Peter Rudegeair NEW YORK (Reuters) - Ally Financial Inc is taking steps to replace its remaining exclusive leasing deals with General Motors Co , betting that the largest U.S. carmaker will eventually finish taking that business in-house, the auto lender's chief executive said in an interview. GM has already said that its financing arm, GM Financial, would replace Ally as the exclusive lessor for Buick, GMC and Cadillac vehicles. Ally expects GM Financial to eventually take over leasing for Chevrolet as well, Ally Chief Executive Jeffrey Brown told Reuters on Thursday. GM's pullback from Ally threatens to cut off about one-quarter of the bank's retail lending business, though the company expects the changes will have a minimal financial impact in 2015.