US Automotive News

Le Mans 24h: Porsche in control at halfway, as Toyota curse returns – Motorsport.com, Edition: Global

Posted: Sunday, June 18, 2017

Porsche is on course for a record-extending 19th Le Mans 24 Hours victory, after Toyota’s challenge destructed before the half-distance mark. Porsche’s #1 919 Hybrid – crewed by Neel Jani, Andre Lotterer and Nick Tandy – is cruising out front and leads by 9 laps over Rebellion Racing’s brace of LMP2 cars, after all the other factory LMP1s hit mechanical trouble. The long-time leading Toyota #7 suffered a…

Ford’s new CEO plans action blitz in first 100 days – USA TODAY

Posted: Sunday, June 18, 2017

x Embed x Share CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Jim Hackett, the new CEO of Ford Motor, at the company’s headquarters in Dearborn, Mich.(Photo: Kimberly Mitchell, Detroit Free Press) Ford Motor CEO Jim Hackett knows the clock is already ticking on his tenure and intends to make…

Blaney’s success boosts Ford – Albany Times Union

Posted: Sunday, June 18, 2017

Caption Close Brooklyn, Mich. Ryan Blaney’s win meant a lot to Brad Keselowski. It was Keselowski who gave Blaney a big opportunity back in 2012, when Blaney had a chance to drive with Keselowski’s team in the Truck Series. Five years later, the 23-year-old Blaney won for the first time in NASCAR’s Cup Series when he prevailed last weekend at Pocono. It was a win that gave Ford a lot…

GM bringing about 600 jobs back from Mexico – CNNMoney

Posted: Sunday, June 18, 2017

General Motors plans to bring about 600 jobs back from Mexico to a new industrial park it is building in Texas. The facility in Arlington should be ready by 2018. It will employ 1,250 people working for companies that supply parts for GM — some of whom already work in the area. About half of the workers will do work that is now done in Mexico, the company said.

Fiat Chrysler Emissions: EPA Suspected ‘Defeat Device’ Use in … – Fortune

Posted: Sunday, June 18, 2017

WASHINGTON, June 16 (Reuters)—U.S. regulators told Fiat Chrysler Automobiles NV in November 2015 that they suspected some of the automaker’s vehicles were equipped with secret software allowing them to violate emission control standards, according to emails disclosed on Friday. The U.S. Environmental Protection Agency and California Air Resources Board accused Fiat Chrysler in January of using the software, known as a “defeat device,” to illegally allow excess diesel emissions in…

Alternative Transport Services Won’t Usurp Auto Ownership, Study Says – Forbes

Posted: Tuesday, June 13, 2017

(Photo by Noam Galai/Getty Images) Jaguar Land Rover is the latest in a long line of automakers to invest in alternate vehicular transportation, sinking $25 million in ride-sharing company Lyft via the automaker’s InMotion mobility services business. While the company’s release emphasizes its support of Lyft’s expansion and technology plans and the ability to advance its own autonomous vehicle program, we suspect the more immediate impact will come from supplying…

GM European exec leaves ahead of sale to PSA Group – The Detroit News

Posted: Tuesday, June 13, 2017

General Motors Co.’s head of Europe is leaving his post, effective immediately, just months away from the planned sale of the Opel and Vauxhall business in Europe to French automaker PSA Group, GM said Monday.(Photo: Bill Pugliano / Getty Images) General Motors Co.’s head of Europe is leaving his post, effective immediately, just months away from the planned sale of the Opel and Vauxhall business in Europe to French automaker…

Honda teases new Fit Sport model, highlights safety tech – CNET

Posted: Tuesday, June 13, 2017

Honda adds a Sport trim to the Fit line for the 2018 model year, but no word yet on performance improvements. Honda Honda highlighted a few of the improvements we will see next month when it launches the 2018 model year Fit. This versatile hatchback, currently in its third generation, gets a new trim line and safety tech, but no word yet on support for Android Auto or Apple CarPlay….

GM to end foundation, redirect its charitable giving – The Detroit News

Posted: Tuesday, June 13, 2017

(FILES) In this file picture taken January 14, 2014 General Motors headquarters is seen in the Renaissance Center in Detroit, Michigan. General Motors on February 4, 2015 reported a jump in quarterly earnings on strong auto sales as it boosted its dividend. GM, the largest US automaker, said net income grew 21 percent to $1.1 billion in the fourth quarter. Operating earnings improved in all four regional segments, although GM’s…

Billionaire David Einhorn’s GM Plan Crashes and Burns (GM) – Investopedia

Posted: Tuesday, June 13, 2017

David Einhorn, billionaire and leader of Greenlight Capital, is facing another highly public defeat. Earlier in the year, he made headlines by dramatically increasing his long position in General Motors (GM), and analysts predicted that he was making an activist move to sway the business with his purchase. It seems that his plan was to convince GM investors to split the ownership of GM into two different classes of stock….

Toyota rolls out new Camry in SUV-crazed US – The Detroit News

Posted: Friday, June 09, 2017

Buy Photo The 2018 Toyota Camry is new from the gound up.(Photo: Henry Payne / The Detroit News)Buy Photo Portland, Oregon — Thirty-five years ago, Toyota exploited high gas prices and federal fuel-efficiency regulations to take a historic foothold in the U.S. auto market. Joined by other Japanese firms like Honda and Nissan, Toyota led the sea-change from big, American gas-hogs to the cars Americans craved: cheap, fuel-efficient sedans. But…

Ford offers buyouts to more than 15,000 workers – Detroit Free Press – Detroit Free Press

Posted: Friday, June 09, 2017

Ford has named Jim Hackett as its next CEO, replacing longtime Ford star executive Mark Fields, according to media reports. Elissa Robinson/ DFP

GM confident of India dealer settlement though half object to terms: sources – Reuters

Posted: Friday, June 09, 2017

NEW DELHI General Motors Co (GM.N) is confident of reaching a settlement with dealers in India before halting sales in the country even though half say the compensation on offer is too low, people familiar with the matter said after the first round of talks. The U.S. automaker last month said it would stop selling passenger cars by the end of the year after two decades in a market where…

Delphi, the Auto Parts Supplier, Embarks on a High-Tech Overhaul – New York Times

Posted: Friday, June 09, 2017

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Honda reveals its plans for autonomous vehicles – The Verge

Posted: Thursday, June 08, 2017

Honda has been one of the more cautious automakers when it comes to self-driving cars, and a recent study put the company at 15th out of 18 in terms of overall advancement. At a media event this week, however, Honda shared more about its plans and set a target of 2025 for introducing vehicles with Level 4 autonomous driving capability. Honda has already said that it intends to have vehicles…

Morgan Stanley’s widely followed auto analyst predicts Ford’s earnings could be cut in half – CNBC

Posted: Thursday, June 08, 2017

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A Tale of Two Stocks: Shareholders Reward Tesla, Remain Wary at GM – NBCNews.com

Posted: Thursday, June 08, 2017

One carmaker has run billions of dollars into the red with one loss after another. The other has been delivering record and near-record earnings. One sold 10 million vehicles last year, the other barely nudged six figures. But if you think the money-maker is the darling of Wall Street, think again. The two companies held their annual meetings on the same day this week, but the stock charts reveal a…

The auto industry may soon face an ‘unprecedented buyer’s strike,’ Morgan Stanley says – CNBC

Posted: Thursday, June 08, 2017

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Ford mobility unit to break out financial results – MarketWatch

Posted: Thursday, June 08, 2017

Ford Motor Co.’s smart mobility subsidiary will start breaking out separate financial results to help offer investors better clarity on the revenue and earnings potential for the company’s alternative transportation businesses. Raj Rao, the mobility unit’s chief executive, said Thursday the intent is for Ford Smart Mobility LLC to have its own profit and loss statements, much like Ford’s other divisions, although he didn’t give exact timing on when that…

Morgan Stanley’s widely followed auto analyst predicts Ford’s earnings could be cut in half – CNBC

Posted: Thursday, June 08, 2017

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