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Earnings/Financials

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    Followup: Caterham F1 Team to make season finale, still lays off 230 workers
    1416230100

    When the chips were down, and looked down for the count, the Caterham F1 Team launched a crowd-funding campaign to get back on the grid in time for the season finale. And now, it seems, they have succeeded. The troubled back-marker team seems to have changed leadership this season as many times ...

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    Report: Is Tesla quietly sitting on 3,000 cars?
    1415919540

    Tesla's 2014 third quarter financial report mixed some positive news with gloomy messages. On one hand, the electric carmaker posted its best quarter ever in terms of deliveries, including its best single day with 907 EVs delivered. The company also announced expanded production to get even more ...

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    Report: Takata chairman drops out of sight amidst airbag crisis
    1415896200

    The problems plaguing automotive supplier Takata this year for its faulty airbag inflators are starting to take their toll. Not only do an estimated 7.8 million vehicles need repairs, but it's facing an investigation by the National Highway Traffic Safety Administration. A recent report also ...

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    Report: BMW says SUVs killed the sports car market
    1415886300

    In many ways, we're living in a golden age of automotive performance. After all, it's possible to show up at a Dodge dealer, hand over about $60,000 and storm away with a 707-horsepower Challenger Hellcat. Or for those who prefer a touch more luxury, the BMW M4, Mercedes-AMG C63 and latest ...

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    Report: GM laying off 510 amidst slow Cadillac, small car sales
    1415815260

    General Motors is laying off about 510 workers from two factories beginning in January, and it could be months before the automaker needs some of that latent capacity to come back on line. A combination of poor sales and high dealer inventories are prompting the cutbacks, according to Automotive ...

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    Report: Mini battling sales slump again, is it becoming cliché?
    1415745840

    Things aren't looking good for Mini this year. The diminutive BMW brand has shown falling sales every month in 2014 in our By the Numbers wrap-ups. If that weren't bad enough, the latest Cooper Hardtop suffered fuel economy issues upon arriving to the US. First, there was a delay getting some ...

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    Motorsports: Caterham F1 Team raises over £1 million in crowdfunding campaign [w/video]
    1415718000

    The Caterham F1 Team, as has been widely reported, has fallen on hard times, with its new owners apparently unable to fund the effort and new investors hard to come by. But the team has found what could be at least an interim solution. In response to its financial difficulties, the team has ...

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    Report: Krafcik says VW merging with Fiat Chrysler would be a 'brilliant' idea
    1415318340

    "For sure, these two companies have a natural attraction to each other." –John Krafcik Honestly, this is really hard to even imagine, but what if the Volkswagen Group merged with Fiat Chrysler Automobiles? Aside from being easily the largest automaker on the planet, it'd bring the ...

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    Report: GM faces $2B hit if bankruptcy protection provision fails
    1415309400

    General Motors could face settlements totaling near $2 billion if US bankruptcy judge Robert Gerber rules that executives knew the company might be liable to owners of cars with faulty ignition switches built before its July 2009 bankruptcy. An additional $500 million, according to calculations ...

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    Official: Chrysler Q3 profits surge to $611M but per-unit profits trouble
    1415301420

    Chrysler Group has announced its third-quarter financial results a little later than its crosstown rivals at General Motors and Ford, but the company has reason to celebrate thanks to strong numbers across the board. The biggest attention-grabber from the automaker is that its net income was up ...

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    Podcast: Autoblog Podcast #404
    BMW i8 And i3, SEMA, Ferrari Spun Off, Tom Magliozzi Passes Away 1415141040

    Episode #404 of the Autoblog Podcast is here, and this week, Dan Roth, Chris Paukert and Brandon Turkus talk about the BMW i8 and i3, this week's SEMA show, the looming Ferrari spin-off and the passing of Tom Magliozzi, longtime co-host of NPR's Car Talk. We start with what's in the garage and ...

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    Official: Hyundai-Kia fuel-economy errors trigger $300M in federal penalties [w/video]
    1415037480

    This amount includes $100-million in civil penalties, the largest such fines in EPA history. Hyundai and Kia are getting more than a slap on the wrist for overstating the fuel economy of an estimated 1.2-million vehicles in their 2011-2013 model ranges. The Environmental Protection Agency, ...

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    Report: Nurburgring bought by Russian billionaire
    1414796460

    The Nürburgring is among the greatest racetracks of the world, with decades of fantastic motorsports history born on the snaking course. However, it seems that running the place as a business is about as difficult as learning the 12.9 miles of corners on the Nordschleife. After a long ...

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    Official: Daimler buys 25 percent of MV Agusta
    1414784700

    BMW obviously builds motorcycles, and Volkswagen Group owns Ducati. Now, fellow German automaker Daimler is hopping into the two-wheel game by buying a 25-percent stake in Italian sportbike maker MV Agusta for an undisclosed price. According to Daimler's press release, its Mercedes-AMG division ...

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    U-Turn: What you missed on 10.29.14
    1414625520

    2015 Dodge Charger SRT Hellcat What's black, white and red all over? Not sure? Okay, what's black, white and red all over, boasts a stonkin' 707-horsepower supercharged V8 underhood, four doors with plenty of room for a party of five and a trunk big enough for all their stuff? That's right: It's ...

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    Official: Ferrari to be spun off from Fiat Chrysler
    1414594920

    The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further ...

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    Report: Lincoln's $5B revival bid hinges upon new D6 chassis
    1414434540

    It's no secret that Lincoln has received short shrift from the Ford Motor Company for years, and former CEO Alan Mullay even wanted to kill the whole thing off when he ran things. Today, things appear to be trending in a different direction. Fresh investment has helped enable a sizable marketing ...

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    Motorsports: Marussia F1 team also declares bankruptcy
    1414430940

    It looks like the 2014 FIA Formula One World Championship will wrap up with two fewer teams than it started. First the Caterham F1 team declared bankruptcy amidst an ownership dispute, and now the Marussia team has gone into bankruptcy administration as well. Alongside Caterham (then flying the ...

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    Report: GM wins appeal, dismissal of $3B Saab-related Spyker suit
    1414328460

    It's been a long time since we last heard of the legal battles between Spyker CEO Victor Muller and General Motors, the automaker from which Muller's company purchased the embattled Saab brand back in 2010. To refresh your memories, after struggling through 2011 and entering into bankruptcy, ...

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    Official: Ford Q3 pretax profits drop to $1.18B
    1414182480

    Following positive third quarter financial results recently from General Motors, rival Ford took a tumble in Q3. The automaker posted pre-tax profits of $1.18 billion, compared to about $2.59 billion in Q3 2013, a drop of around 54 percent. Net income also suffered with $835 million made in the ...

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