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Nissan posts 13% drop in Q1 profit on higher expenses, incentives

Nissan posted a 13 percent drop in quarterly operating profit, as a rise in marketing and selling expenses, including incentives, offset a rise in global vehicle sales......»»

Source:  AutonewsCategory: Auto1 hr. 2 min. ago Related News

KKR to acquire auto assets from S. Korea"s LS Group for $943 million

Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million)......»»

Source:  AutonewsCategory: Auto1 hr. 2 min. ago Related News

UAW hires outside counsel to lead internal investigation

UAW President Dennis Williams said independent, outside counsel would lead an internal investigation into allegations that union officials were illegally funneled $1.2 million by FCA's former labor chief......»»

Source:  AutonewsCategory: Auto13 hr. 54 min. ago Related News

Holiefield, future wife received $1.2 million from worker training funds, indictment says

While the UAW's General Holiefield negotiated with FCA at the bargaining table, he and his future wife were living luxuriously with money that was supposed to help train workers, prosecutors charged......»»

Source:  AutonewsCategory: Auto14 hr. 2 min. ago Related News

Union VP allegedly paid for flights, house with worker-training money

While the UAW's General Holiefield negotiated with FCA at the bargaining table, he and his future wife were living luxuriously with money that was supposed to help train workers, prosecutors charged......»»

Source:  AutonewsCategory: Auto14 hr. 26 min. ago Related News

Lear Q2 net rises 10% to $312 million

Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million......»»

Source:  AutonewsCategory: Auto18 hr. 54 min. ago Related News

U.S. House votes to kill CFPB rule barring mandatory arbitration in lending disputes

The U.S. House voted 231 to 190 along strict party lines to kill a CFPB rule barring financial institutions from forcing customers to agree to take future disputes to arbitration, instead of the courts, as a condition of opening accounts......»»

Source:  AutonewsCategory: Auto20 hr. 46 min. ago Related News

Mercedes showcases its pickup

Mercedes-Benz has finally added a pickup to its lineup and people have taken notice......»»

Source:  AutonewsCategory: Auto20 hr. 46 min. ago Related News

Porsche repeats as most appealing brand, Power says

Luxury brands again dominate the top spots in J.D. Power's latest study of new-vehicle appeal. Genesis debuted at No. 2, followed by BMW, Audi and Mercedes-Benz in the top five......»»

Source:  AutonewsCategory: Auto21 hr. 38 min. ago Related News

Uber lawyers should be booted after aiding cover-up, Waymo says

Waymo claims Uber had an accomplice in the theft of invaluable driverless technology trade secrets -- the ride-hailing giant's own lawyers......»»

Source:  AutonewsCategory: Auto21 hr. 38 min. ago Related News

Ford profit edges up on lower tax rate

Ford posted second-quarter net income of $2.04 billion, up 3.7 percent from the same period a year ago because of a favorable tax rate. Revenue rose slightly to $39.85 billion......»»

Source:  AutonewsCategory: AutoJul 26th, 2017Related News

U.S. lawyers suing Volkswagen get $300 million in fees, costs

A U.S. judge approved $125 million for lawyers who sued VW on behalf of owners of 88,000 3.0-liter diesel vehicles over excess emissions. Lawyers got another $175 million in a previous related case......»»

Source:  AutonewsCategory: AutoJul 21st, 2017Related News

Ford to petition to avoid U.S. recall of 2.5 million vehicles

Ford wants to avoid a U.S. recall of about 2.5 million vehicles with Takata airbag inflators that the Japanese auto supplier declared defective last week......»»

Source:  AutonewsCategory: AutoJul 21st, 2017Related News

Gentex"s Q2 profit up slightly with international sales gains

Gentex said its net income jumped 2 percent in the second quarter, repelling the U.S. light-vehicle sales slowdown with growth in international auto-dimming mirror shipments......»»

Source:  AutonewsCategory: AutoJul 21st, 2017Related News

Ford overhauls design with 2 key teams

Ford is shaking up its design staff to shorten product development cycles and better define the group's overarching strategy with the formation of two key staffs: one covering cars and crossovers, and another handling trucks, SUVs and commercial........»»

Source:  AutonewsCategory: AutoJul 21st, 2017Related News

Mercedes targets quad-bike loving wealthy with luxury pickup

Mercedes-Benz is stretching its refined image with its first ever pickup truck, betting that upscale car buyers are ready for an open-bed hauler with leather seats, oak trim and Autobahn handling......»»

Source:  AutonewsCategory: AutoJul 18th, 2017Related News

Autonomous shuttle producer plans operation in Michigan

French autonomous shuttle-maker Navya said it plans to open its first North American production facility near Ann Arbor, Mich......»»

Source:  AutonewsCategory: AutoJul 18th, 2017Related News

Audi made an ad in China comparing a wife to a used car -- it"s not going over well

In an Audi commercial from China, a mother-in-law interrupts a wedding ceremony to inspect the bride, checking whether she's up to standard. The scene was used in an ad promoting used Audis......»»

Source:  AutonewsCategory: AutoJul 18th, 2017Related News

Construction worker injured at Volvo factory site

A construction worker at the Volvo assembly plant being built in South Carolina was seriously injured while working on site Tuesday morning......»»

Source:  AutonewsCategory: AutoJul 18th, 2017Related News

U.S. makes lower trade deficit top priority in NAFTA talks

The United States outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a U.S. trade deal said it would seek to deter currency manipulation by trading partners......»»

Source:  AutonewsCategory: AutoJul 17th, 2017Related News