US Automotive News

Toyota Posts Record Profit, Fueled by Weak Yen – Wall Street Journal

Tuesday, August 04, 2015

TOKYO—Toyota Motor Corp. can thank a weak yen for its record profit. The car maker Tuesday reported a net profit of ¥646.4 billion ($5.2 billion) for its first quarter, even as slowing demand in Japan and Southeast Asia reduced its global vehicle sales slightly. Remove the impact of foreign exchange, and Toyota would have posted an…

Auto Makers Report Strong US Sales – Wall Street Journal

Monday, August 03, 2015

U.S. auto sales continued their strong pace in July as the appetite for trucks and sport-utility vehicles overcame the fading popularity of fuel-efficient cars. The auto industry is on pace to break 17 million vehicle sales for the year, the strongest level in more than a decade, as continued low fuel prices, low interest rates and an old fleet of vehicles on the road have combined to power the market…

Weak auto demand crimps US consumer spending – Reuters

Monday, August 03, 2015

WASHINGTON U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter. But the moderation in consumer spending could be temporary as some automakers on Monday reported stronger-than-expected U.S. sales in July, which kept the industry on a pace for its best year in a decade. Other data showed manufacturing…

GM fixes, refixes OnStar RemoteLink hack – ExtremeTech

Monday, August 03, 2015

GM’s OnStar follows Chrysler’s UConnect as a proven hackable telematics service. In GM’s case, the hack involved creating a spoof of the OnStar RemoteLink smartphone app and issuing commands to the car such as remotely unlocking the doors. None involved hacks to the steering or braking functions of a car that was under way. General Motors quickly issued a fix to its OnStar servers, declared the problem solved, then learned…

Terradyne Gurkha may be the safest Ford pickup you can buy – Fox News

Monday, August 03, 2015

 (Terradyne) Pricey Ford pickups are all the rage these days. Average transaction prices for the F-Series have broken the $44,000 barrier recently, and the company just unveiled a new $60,000-plus F-150 Limited luxury model that’s set to hit the streets this fall. But if that’s still sounds too pedestrian, the folks at Terradyne have the truck for you. Related Image Expand / Contract  (Terradyne) And it comes with one of…

Fiat Chrysler recalls 332000 Dodge Chargers due to air bag issue – CNBC

Monday, August 03, 2015

Fiat Chrysler Automobiles said over the weekend it is recalling about 322,000 Dodge Charger sedans in North America because side air bags can deploy when a car door is slammed. This is the same issue that led to the recall of about 844,000 of FCA’s Ram pickup trucks earlier this month. FCA said it is aware of “three potentially related injuries, all described as minor,…

Don’t Slam The Door Of Your Dodge Charger Or The Airbag Will Inflate – Jalopnik

Monday, August 03, 2015

More bad news for Fiat Chrysler. Just months after having to buy back over 180,000 trucks, Dodge is facing another recall on 2011-14 Dodge Chargers. If you’ve got a bit of a temper, it’s worth taking the recall seriously. Apparently, when you slam the doors, the airbag inflates. Fiat Chrysler says they’re aware of three minor injuries that have arisen from the problem. The company will notify customers when they’re…

California Has a Plan to End the Auto Industry as We Know It – Bloomberg

Monday, August 03, 2015

Sergio Marchionne had a funny thing to say about the $32,500 battery-powered Fiat 500e that his company markets in California as “eco-chic.” “I hope you don’t buy it,” he told his audience at a think tank in Washington in May 2014. He said he loses $14,000 on every 500e he sells and only produces the cars because state rules re­quire it. Marchionne, who took over the bailed-out Chrysler in 2009…

Volkswagen has overtaken Toyota to become the world’s biggest carmaker – Business Insider

Monday, August 03, 2015

Thomson ReutersA man walks past a screen displaying a logo of Volkswagen at an event in New Delhi MUNICH/TOKYO (Reuters) – Volkswagen overtook Toyota as the world’s largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target. But staying on top will be a challenge for the German maker of the Golf and Polo, as deliveries are falling in China, destination of…

Don’t Slam The Door Of Your Dodge Charger Or The Airbag Will Inflate – Jalopnik

Sunday, August 02, 2015

More bad news for Fiat Chrysler. Just months after having to buy back over 180,000 trucks, Dodge is facing another recall on 2011-14 Dodge Chargers. If you’ve got a bit of a temper, it’s worth taking the recall seriously. Apparently, when you slam the doors, the airbag inflates. Fiat Chrysler says they’re aware of three minor injuries that have arisen from the problem. The company will notify customers when they’re…

Could other models be vulnerable to the Fiat Chrysler hack? – Christian Science Monitor

Sunday, August 02, 2015

Fiat Chrysler may not be the only car company with cybersecurity problems. In a memo posted on its website last week, the National Highway Traffic Safety Administration (NHTSA) – the United States’ top auto safety regulator – said an estimated 2.8 million car audio systems supplied by manufacturer Harman International Industries, Inc. could be vulnerable to the same kind of hacking that led Fiat Chrysler Automobiles to recall a record…

Auto sales expected to keep rolling along – USA TODAY

Sunday, August 02, 2015

A row of new 2013 Ford Fusions is seen at an automobile dealership in Zelienople, Pa.(Photo: Keith Srakocic, AP) With July new vehicle sales expected to come in at an annual rate above 17 million for the third straight month on Monday, most economic signals show that the boom times have another year, possibly 18 months, to run, analysts and economists said. The perfect potion of easy credit, falling gas…

Toyota tests online sales, financing with Scion – Detroit Free Press

Saturday, August 01, 2015

Doug Murtha, Scion Group vice president, says people want to spend less time at dealers.(Photo: Joe Polimeni) Story Highlights New system lets buyer choose a new car, check trade-in value and arrange a loan online Cars could be delivered to buyers’ home or office. System should be available nationwide in 2016 If you’re in the market for a Scion car next year — maybe the new iA or iM small…

US regulator says hacking risk may be broader than Fiat Chrysler – VentureBeat

Saturday, August 01, 2015

WASHINGTON (By David Morgan, Reuters) — The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles last month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said his watchdog agency is trying to determine how many car makers have received radios from the company…

Did Congress just make it easier for auto dealers to discriminate against you? – MarketWatch

Saturday, August 01, 2015

Shutterstock.com The Consumer Financial Protection Bureau, which is charged with looking out for consumers when it comes to all things financial, has just found itself in trouble with Congress after it began looking at what it said were disparities between minorities and non-minorities…

Honda profit, sales up despite air bag recall – Detroit Free Press

Saturday, August 01, 2015

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Fiat Chrysler Profit Increases 69%, Most of It From North America – New York Times

Friday, July 31, 2015

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Honda profit up 20 percent as robust US sales, weak yen offset quality costs – Reuters

Friday, July 31, 2015

TOKYO Honda Motor Co (7267.T) said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs. April-June net profit at Japan’s third-biggest automaker rose to 186.04 billion yen ($1.50 billion), from 155.60 billion yen a year earlier. Honda reported the first-quarter results under international accounting standards for the first…

Ford’s Romeo Engine Plant cleared of threat – The Detroit News

Friday, July 31, 2015

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