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Fiat Chrysler quarterly net profit down 35 percent, despite strong Jeep sales

Automotive / Automotive News /

DETROIT -- Fiat Chrysler Automobiles said Wednesday it earned a net profit of $881 million (754 million euro) during the second quarter -- its last quarter under late CEO Sergio Marchionne.

That was down 35 percent from the same period a year ago, as strong North American Jeep sales couldn't make up for lagging performances in Asia and from its...Read more

Sergio Marchionne, who saved Chrysler and Fiat, dies at 66

Automotive / Automotive News /

Sergio Marchionne, an accountant turned auto executive who is credited with saving both Fiat and Chrysler, has died. He was 66.

The holding company of the Agnelli family, which founded Fiat, confirmed the death Wednesday.

"Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," John Elkann, chairman of FCA,...Read more

Sergio Marchionne's intellect and daring reshaped the auto industry

Automotive / Automotive News /

DETROIT -- Sergio Marchionne was a breath of fresh air, even back in the days when his two-pack-a-day habit filled the room with cigarette smoke.

That became evident in moments when I walked into a book-lined conference room in Birmingham's luxurious Townsend Hotel to hear his pitch to lead Chrysler out of the Great Recession.

Marchionne sat ...Read more

GM second quarter profit drops, partly on higher steel, aluminum costs

Automotive / Automotive News /

DETROIT -- General Motors reported a net profit of $2.4 billion for the second quarter of 2018, down 2.8 percent from the same period a year ago in part the result of increases in the costs of steel and aluminum as well as fluctuations in currency, it said Wednesday.

The Detroit automaker's pretax profit was $3.2 billion, down 13.3 percent from...Read more

Teens get defensive at Ford's advanced driver training program

Automotive / Automotive News /

When 15 teens died in vehicular crashes in a 15-month span in rural Tazewell County, Ill., it was a crisis call to action for the residents of the sparsely populated area of central Illinois. The community responded with a teen driving safety campaign spearheaded by high school students, with help from law enforcement, firefighters, emergency ...Read more

Good news: Your Tesla Model 3 is finally ready. Bad news: It may take weeks to get it serviced

Automotive / Automotive News /

As Tesla ramps up its Fremont, Calif., factory to escape what Elon Musk called "production hell" with its new Model 3 electric sedan, some customers are enduring their own state of suffering trying to get Teslas serviced.

Parts shortages, long repair delays and problems getting through on customer help lines have led to scenes of strife at ...Read more

Ford announces reshuffling, new Corktown-based self-driving vehicle unit

Automotive / Automotive News /

A day ahead of announcing second-quarter earnings, Ford Motor Co. unveiled organizational changes that it says will improve its operations and grow profits.

It also created a new unit to help speed its development and commercialization of self-driving cars.

The new unit, Ford Autonomous Vehicles LLC, will be based in Detroit's Corktown and ...Read more

Automakers saved on tax cuts. Here's how much could be wiped out by tariffs

Automotive / Automotive News /

WASHINGTON -- Corporate America, and even Republican leaders, have warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate.

Now there's some evidence of just how much damage could be inflicted.

The hit in 2018 from the steel and aluminum tariffs enacted in ...Read more

Maven's new car sharing allows GM car owners to make money

Automotive / Automotive News /

People who own or lease late-model Chevrolet, Buick, GMC or Cadillac cars in certain cities can now make money off their vehicles.

GM's mobility unit, Maven, said it is testing a new peer-to-peer car sharing offering through the Maven app in Detroit, Ann Arbor, Mich., and Chicago.

Peer Cars allows those who own or lease a 2015 model or newer ...Read more

If Tesla is asking suppliers for refunds, that's unusual and 'troubling,' analyst says

Automotive / Automotive News /

Tesla Inc. stock dropped Monday morning after a report that the electric carmaker has asked some suppliers to pay back part of what Tesla had previously spent.

The Wall Street Journal reported Sunday that Tesla asked a supplier to return a slice of the payments the Elon Musk-led automaker had made since 2016. In a memo sent to that supplier ...Read more

Marchionne gravely ill in Swiss hospital, Italian media reports

Automotive / Automotive News /

Sergio Marchionne, who was replaced Saturday as CEO of Fiat Chrysler Automobiles and Ferrari, is gravely ill in a Swiss hospital, according to Italian media.

Marchionne underwent shoulder surgery in late June. Il Messaggero, a Rome newspaper, reported Sunday that "complications arose which compromised the situation, which worsened in recent ...Read more

Under the Hood: Does changing one tire mean changing them all?

Automotive / Automotive News /

Q. I remember years ago when we had a flat tire, we were told we had to purchase three new tires to match the new one or the car would be unstable. This was a great burden to us as young marrieds, and I was always suspicious of that advice. I've not heard that advice for years. Now my granddaughter in Denver is being told the same thing. Is that...Read more

Auto review: Ford's 2019 F-150 King Ranch is best diesel vehicle on market

Automotive / Automotive News /

It's ironic, but increasingly likely, that U.S. pickup buyers will be last stand for diesel engines, outside of semi-trucks and maybe tugboats.

For years, American drivers were unmoved by diesel's combination of power and efficiency while tens of millions of European buyers snapped them up for everything from VW Golfs to Mercedes S-class limos....Read more

Ford recalls Fusions and Escapes that could roll away

Automotive / Automotive News /

Ford Motor Co. on Wednesday recalled more than 500,000 Ford Fusions and Escapes that could roll when owners think the cars are in park.

The recall is for 2013-16 model year Fusions and 2013-14 Escapes.

On affected vehicles, Ford said, the bushing that attaches the shifter cable to the transmission may detach from the transmission. If that ...Read more

Trump's tariffs will cut U.S. jobs, raise consumer costs

Automotive / Automotive News /

WASHINGTON -- Automotive officials Thursday blasted President Donald Trump's proposed tariffs on imported autos and auto parts, with trade groups saying a tax of 25 percent on imports will increase costs on American-made cars as well, resulting in decreased production and jobs losses.

While thanking Trump for his leadership, former Missouri Gov...Read more

Automakers to Trump: Higher tariffs would affect consumers, jobs

Automotive / Automotive News /

WASHINGTON -- Domestic and foreign automakers are sending President Donald Trump a message on his proposal to tax imported autos and auto parts: Don't.

Two days before a Thursday hearing at the U.S. Department of Commerce on the proposed tariffs, seven trade groups -- whose members include General Motors, Ford, Fiat Chrysler and other companies...Read more

Trump's trade war could threaten US pickup production and jobs

Automotive / Automotive News /

The Trump administration's burgeoning automotive trade war could threaten U.S. production of some of automakers' most popular and profitable vehicles.

At stake is an obscure 1960s tariff that effectively guarantees that every pickup and delivery van sold in the United States is built in North America, most of them in the U.S. by American ...Read more

Larry Printz: The story being creating a Jaguar for the new millennium

Automotive / Automotive News /

AMELIA ISLAND, Fla. -- Given Jaguar's history of radically sexy sports cars, you can imagine the challenge facing Jaguar design director Ian Callum when asked to design the brand's first battery electric vehicle, the 2019 Jaguar I-Pace.

"Jaguars are about drama and exaggeration," Callum said during an interview earlier this year at the Amelia ...Read more

Auto review: 2019 Jetta is Volkswagen's best compact sedan

Automotive / Automotive News /

Volkswagen is the world's largest automaker, rich and powerful beyond the dreams of avarice, but the German powerhouse's execs could be excused if they sometimes feel like a cartoon character about to get an anvil dropped on its head.

The 2019 Jetta is the company's best compact sedan by far, a car that should make VW a must-have for the ...Read more