Top News
- Daimler Earnings Nearly Double on Strong Sales of New Mercedes Models – Detroit Bureau: Even as two key U.S. rivals reported weak earnings for the first quarter, Daimler AG delivered an unexpectedly strong performance, its net profit nearly doubling as luxury buyers raced to showrooms to snap up some of its newest Mercedes-Benz models. More from TheDetroitBureau.com.
- Ally net doubles after sale of Chinese joint-venture stake – Automotive News: Ally Financial reported a quarterly profit that more than doubled, helped by a onetime after-tax gain of about $400 million related to a stake sale in its joint venture with a Chinese auto lender.
- Obama to Detroit: Build more fuel-efficient vehicles – Detroit News: U.S. automakers are running pickup and SUV factories overtime to try to meet soaring demand for bigger vehicles
- Ford profits fall on truck switchover – FT: Auto company reaffirms its forecasts as it upgrades its F-series and SUVs
- Toyota Seeks to Lock In Investors With $4.2 Billion Share Issuance – WSJ: After five years, holders will be able to convert the shares into common shares or sell them back to Toyota at the issue price, giving them some of the…
- Flying has become more energy efficient than driving: Kemp – Reuters: (John Kemp is a Reuters market analyst. … and consumed twice as much fuel per person-mile than passenger cars
- Honda Remains Too Civic Minded – WSJ: Investors are paying up for Honda Motor’s stock as if it were a flashy sport-utility vehicle. They are better off pricing the Japanese car maker like a…
- Ford Profit Slips as F-150 Pickup Production Remains Limited – Bloomberg: Ford Motor Co., still hampered by the changeover to the new aluminum-bodied F-150 pickup, said first-quarter profit slipped 6.6 percent as it works to…
- Ford Motor misses on top and bottom line – CNBC: An employee walks past a Ford logo in the yet-to-be-completed engine production line at a Ford factory on January 13, 2015 in Dagenham, England.
- Ford’s Profit Falls on Strong Dollar and Lower Sales – New York Times: DEARBORN, Mich. – Lower sales and the impact of a stronger U.S. dollar caused Ford’s net income to fall 6.5 percent to $924 million in the first…
- Honda forecasts flat profit this year as quality fixes weigh – Reuters: Honda Motor Co forecast on Tuesday a scant 0.4 percent rise in net profit for the year that began on April 1, saying higher quality-related costs and currency losses would offset gains from vehicle sales growth.
- Infiniti QX30 crossover – spy shots, exclusive studio pictures and first details – Autocar: The QX30 has been spotted heavily disguised during on-road tests in Europe.
- Honda braces for lacklustre year – FT: Honda is bracing for another lacklustre year ahead after an underwhelming fourth quarter that saw a rise in recall costs and slower sales in its main…
- Why this could be the top for Tesla – CNBC:
- French Minister Riles Renault – WSJ: How France’s economy minister outmaneuvered Renault’s Carlos Ghosn by striking an options deal with Deutsche Bank to temporarily buy shares in Renault, letting it double its power over the car maker.
- Volkswagen plans new SUV assault on US market – Autocar: The CrossBlue Coupe will follow the CrossBlue SUV into production in the US Five-strong line-up of new SUVs will look to address flagging sales in the US market
- Daimler Profit Jumps as Mercedes Sales Rise – WSJ: Daimler is the first of the German premium car makers to report first-quarter results, … For medium and heavy-duty truck markets, Daimler has raised its…
- Aston Martin mulls plant in Alabama to be near Mercedes, report says – Automotive News: Aston Martin is considering a U.S. factory in Alabama to be near its industrial partner Daimler, the British sports car maker’s CEO Andy Palmer told a…
- 2017 Aston Martin DB11 – first spy pictures – Autocar: The Aston Martin DB9 successor will be powered by a twin turbocharged V12 motor Aston’s DB9 replacement will get a twin-turbo AMG V12 engine, as the first mules have been spotted testing
- BRIEF-Honda aims to boost US sales without relying on heavy sales incentives – Reuters: Honda Motor Executive Vice President Tetsuo Iwamura says half of shortfall in FY2014/15 operating profit versus guidance was due to additional…
- Daimler closes gap with BMW, Audi as profit jumps – Reuters: Daimler’s flagship Mercedes-Benz division has lagged BMW and Audi on deliveries and profitability in recent years, but demand for the revamped…
Other news, rumors and, gossip
- New models help Daimler nearly double – Europeonline-magazine: New models and cost cutting helped Daimler increase its net profit in the first quarter 89 per cent year-on-year to 2.05 million euros…
- Ford Earnings Suffer From Weak F-150 Sales – 247wallst:
- Volkswagen Bus with 560 HP Subaru Engine Is a Weird Pickup Truck: 12s Quarter Mile – Video – Autoevolution: Pickup trucks come in all shapes and sizes and from the US-built performance versions to the track-friendly Australian utes, there are plenty of…
- Volkswagen hints next generation Golf could get Targa version – Worldcarfans: Volkswagen has dropped a hint about the possibility of coming out with a Targa version of the next generation Golf. Scheduled to come out in 2017 or…
- Toyota Mirai Fueled by Bullsh*t Ad Is Total BS – Gas2: But Toyota won’t let those pesky facts get in the way of a good greenwashing campaign, co opting Musk’s comments to try and prove the Mirai FCV is…
- Volkswagen Electric Vehicles: One Battery, Less Costs? – Guideautoweb: Right now, the biggest problem that electric vehicles face is production cost: it’s possible to design a car that can go over 400 km on a single charge,…
- Ford Will Build 100 Shelby GT350, 37 GT350R Cars For 2015 MY – Carscoops: Ford has announced it will build only 37 units of the Shelby Mustang GT350R for the 2015 model year, which is exactly the number of cars Carroll…
- US: Toyota’s Mirai – the first fuel cell NASCAR pace car – Inautonews: “Having a hydrogen fuel cell vehicle pace the Toyota Owners 400 is an historic moment for both Toyota and NASCAR and we’re proud it’s the Toyota…
- Apple Watch controls functions of BMW i models – 3d-car-shows: Apple Watch uses the BMW i Remote app – which can be downloaded free from the Apple iTunes Store – to keep users updated on the car’s current…
- Tesla Motors Inc: Demand for Model S Rises in China and Australia – Learnbonds: Long term prospects in China could finally be looking up for Tesla Motors Inc (NASDAQ: TSLA) in line with CEO, Elon Musk, sentiments, who has from…
- Can GM Sustain Chevy Silverado’s Sales Momentum Once Ford F-150’s Production Falls In Line? – Seekingalpha: The fact that Ford (NYSE: F) was occupied in retooling its key facilities for the F-150 production in 2014 has been an important factor pushing…