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Showing posts from July, 2019

Getting under the hood of Amazon’s auto ambitions

While Amazon CEO Jeff Bezos has said little about the company's automotive ambitions, the strategy is aimed at leveraging Amazon's strengths in logistics, cloud computing and digital services together with new interests in related fields from robotics to manufacturing. from Section Page News - Automotive News https://ift.tt/2yuO9S4 via IFTTT

FCA posts strong N.A. performance in Q2, maintains guidance

In its first earnings report since a failed attempt to merge with Renault, FCA said its was confident its adjusted earnings this year would top last year's 6.7 billion euros ($7.5 billion). from Section Page News - Automotive News https://ift.tt/31c7MuN via IFTTT

FCA posts strong North America performance in Q2, maintains guidance

In its first earnings report since a failed attempt to merge with Renault, FCA said its was confident its adjusted earnings this year would top last year's 6.7 billion euros ($7.5 billion). from Section Page News - Automotive News https://ift.tt/2MtvE9a via IFTTT

GM faces declining sales and price wars in largest markets

Slumping industry demand in China and an escalating price war in the lucrative U.S. truck segment are ratcheting up the pressure on General Motors as it prepares to release its second-quarter financial report. from Section Page News - Automotive News https://ift.tt/2MyNGqe via IFTTT

J.D. Power set to be acquired by Autodata owner

J.D. Power CEO David Habiger said in a statement that the acquisition will help fuel growth for the firm known for its automotive quality awards and the Power Information Network. Terms were not announced. from Section Page News - Automotive News https://ift.tt/2Kdje2g via IFTTT

Congress seeks to jump-start stalled AV bill

The Alliance of Automobile Manufacturers -- which represents General Motors, Volkswagen Group, Toyota Motor Corp. and others -- praised the announcement and urged Congress to move quickly.  from Section Page News - Automotive News https://ift.tt/2yojcz1 via IFTTT

Ex-Audi CEO Stadler charged over his role in emissions scandal

Stadler, who was once seen as a possible contender for VW Group’s top job, is accused of having been aware of the emissions manipulations since the end of September 2015 and not preventing the sale of affected Audi and VW vehicles thereafter. from Section Page News - Automotive News https://ift.tt/2Mti0Tu via IFTTT

FCA's Europe arm forecast to have 'break-even' Q2

Fiat Chrysler Automobiles  expects to restore profitability in Europe by the fourth quarter or earlier through measures that include restructuring and inventory reduction. from Section Page News - Automotive News https://ift.tt/2YaKuZb via IFTTT

Study finds consumers not fully sold on future of AVs, EVs

J.D. Power's first Mobility Confidence Index Study, a collaboration with SurveyMonkey, found low consumer confidence in the future of autonomous vehicles and middle-of-the-road confidence in electric vehicles. from Section Page News - Automotive News https://ift.tt/2ymPryu via IFTTT

Ford acquires defense contractor to help get AVs on the road

Ford Motor Co. paid an undisclosed sum to acquire Quantum Signal AI, a 40-member team of roboticists operating out of a decommissioned 1930s-era high school near Ann Arbor, Mich. from Section Page News - Automotive News https://ift.tt/2YAUha8 via IFTTT

GM braces for attacks from Democrats in Detroit debates

The automaker preemptively released two fact sheets on its U.S. operations and details about its 2009 U.S. government bailout ahead of the debates, which could feature Democrats using its job cuts to attack President Trump. from Section Page News - Automotive News https://ift.tt/2K6PPYZ via IFTTT

Penske Automotive's Q2 net income falls 12%

Penske Automotive's revenue and gross profit dropped in both the new- and used-vehicle businesses, but rose in service and parts and finance and insurance. from Section Page News - Automotive News https://ift.tt/2Zj9J7X via IFTTT

Automakers, Colorado reach deal on zero-emission vehicle mandate

The state, which plans to adopt California's zero-emission vehicle requirements starting in the 2023 model year, will allow automakers to earn credits for selling electric vehicles in the two model years prior and use other transitional credits available in other states. from Section Page News - Automotive News https://ift.tt/30WKEQO via IFTTT

Tesla to pay China $323 million a year in taxes for factory site

Under the terms of the lease with the Shanghai government, Tesla must start generating the annual tax revenues at the end of 2023 -- or hand the land back. from Section Page News - Automotive News https://ift.tt/2LQpVdK via IFTTT

Fiat Chrysler CEO steps on accelerator as global auto market stalls

Fiat Chrysler Automobiles CEO Mike Manley is trying to keep the automaker on track in North America, which generates most of FCA’s profits, while rebooting the company’s money-losing business in Europe and China. He also has billions of dollars of catching up to do on electrified and self-driving vehicles.   from Section Page News - Automotive News https://ift.tt/2Yrrrcl via IFTTT

Tesla cars may stream Netflix, YouTube when idle, Musk tweets

Tesla owners will be able to stream while the car is moving once regulators approve full self-driving, Elon Musk said in a second tweet. from Section Page News - Automotive News https://ift.tt/2Ygog8g via IFTTT

Tesla’s days of splashy hires give way to internal promotions

Tesla’s pivot to promoting from within could be a natural progression for a 16-year-old company that’s prioritized talent development as it’s matured. It’s also possible Elon Musk is having a harder time recruiting. from Section Page News - Automotive News https://ift.tt/2LLdtw7 via IFTTT

Used-vehicle shift pays off for public retailers

As companies scramble to get their used houses in order, Group 1 CEO Earl Hesterberg calls the change "fundamental" -- and permanent. from Section Page News - Automotive News https://ift.tt/2Zkg43c via IFTTT

CEO switch fits with AutoNation's history

The dealership group has seen its bench of talent shrink in recent years as several high-ranking executives thought to be in the running to take over from Mike Jackson left the company. Then last week the new CEO left -- after four months. from Section Page News - Automotive News https://ift.tt/2LLzOJJ via IFTTT

Nissan plans to cut at least 10% of its global lineup by spring 2022

The product reductions will focus mainly on small vehicles, including emerging-market Datsun models. Nissan could also shrink the options and packages offered on its vehicles. from Section Page News - Automotive News https://ift.tt/310UfWC via IFTTT

AutoNation's Miller ‘CEO-ready'

After 11 years at AutoNation, including the last five as CFO, Cheryl Miller aims to put her own stamp on the company. The new chief executive already has an agenda in mind. from Section Page News - Automotive News https://ift.tt/2LLlHnR via IFTTT

VW adjusts warranty, adds money for ads

The German brand's new North American leadership team wants to address lingering issues with two different but equally important constituencies: consumers and its long-suffering dealer network. from Section Page News - Automotive News https://ift.tt/315kFGH via IFTTT

Revenue secret at Hyundai: The ‘marketing guy'

Marketing chief Dean Evans knows this assertion could ruffle some feathers. But he has the numbers to back it up. from Section Page News - Automotive News https://ift.tt/2LLzNp9 via IFTTT

Cadillac crossovers here, but is it enough?

Cadillac dealers, having endured three years of declining sales and a leadership change, may have still longer to wait before the luxury brand's rebound truly can take hold. from Section Page News - Automotive News https://ift.tt/315kECD via IFTTT

Rosenberg suit alleges financial misconduct

In his lawsuit, Rosenberg alleged that as CEO of the automotive portfolio, he became aware of "serious financial misconduct" on the part of majority owner GPB Capital. from Section Page News - Automotive News https://ift.tt/2LNap2u via IFTTT