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Earnings/Financials

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    Report: Hyundai spooks investors by paying $10B for new Gangnam HQ location
    Automaker Outbids Samsung, Stock Tumbles 9% 1411076700

    Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number ...

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    Report: Fiat Chrysler global HQ lands in London's ultra-posh West End
    1411069500

    It seems Fiat is bent on bolstering its image as a global automaker, as word has leaked out that the Italian/American conglomerate has chosen to locate its global headquarters in a rather swanky neighborhood in London. According to Bloomberg, the rental location on St. James Street in London's ...

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    U-Turn: What you missed on 9.15.14
    1410823860

    Review: 2015 Lincoln Navigator We take the heavily refreshed 2015 Lincoln Navigator for a spin and find that there's plenty to like about the brand's truckish 'ute. Still, while it boasts a ton of room inside and stunning power from its 3.5-liter EcoBoost V6 engine, it's far from perfect. Read ...

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    Report: ZF buying TRW for $12.4B, creates second-largest supplier
    1410805680

    Two well-known companies in the industry will combine to create the second-largest auto parts supplier in the world. ZF Friedrichshafen AG, best known for its transmissions, has announced it is buying TRW Automotive Holdings, a major player in safety tech, as part of an approximately ...

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    Report: Fiat gives outgoing Ferrari chairman $35M severance package
    1410447720

    Luca di Montezemolo may not have wanted to leave Ferrari this way, but don't feel too bad for the departing chairman, because he'll be hitting the ground with a golden parachute so big that he'll never have to work again. According to the latest reports, Fiat will pay Montezemolo 26.95 million ...

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    Report: Wiesmann still hoping for savior
    1410439500

    The saga of Wiesmann dates back to the late 1980s when a pair of German brothers set out to make retro sports cars. The first model was built in 1993 and a steady stream of new coupes and convertibles powered by a variety of BMW engines trickled out of the factory ever since until the company ran ...

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    Official: Subaru ups US sales projections to 500k units
    1410378300

    Subaru is going absolutely gangbusters so far in 2014, with growing year-over-year sales every month this year adding to the streak of 33 consecutive months. The prognosis is so positive that the Japanese brand is revising its 2014 forecast to 500,000 vehicles or more, from a previous estimated ...

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    Report: Nissan could have bought a stake in Aston Martin as early as 2012
    1410200100

    Aston Martin has a very interesting future ahead of it. While the British brand appeared to be struggling with aging tech for a while, fresh investment from Daimler may have shown a light toward the future with the brand getting engines and electronics from them. Also, former Renault-Nissan top ...

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    U-Turn: Weekly Recap: Despite merger, Fiat and Chrysler will maintain local roots as stock offering looms
    Plus: Notes On The 2016 Mazda MX-5 Miata, Toyota's Aversion To Autonomous Cars And A Shakeup At Infiniti 1410015600

    Chrysler will still be largely run out of its headquarters in Auburn Hills, MI, and Fiat will be based in Turin, Italy. Americans and Italians worried that two of their nation's industrial icons – Chrysler and Fiat – are merging into a British/Dutch corporation with a blurred ...

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    Report: Car sales strong, but increased incentives are worrying
    1409926500

    The auto industry in the US is doing great in 2014. According to our latest By The Numbers report, the Seasonally Adjusted Sales Rate climbed in August to about 17.5 million units, the highest figure since 2006. However, when you scratch underneath the positive surface, the rosy situation might ...

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    Report: Auto parts price-fixing is everywhere, crackdown threatens business model
    1409694300

    China's recently instigated push to go after price fixing and monopolistic practices in the automotive sector has garnered a lot of ink, but regulatory bodies around the world have been tackling the issue for years. Lithium-ion battery makers were targeted in 2012, the US Department of Justice ...

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    Report: Saab owners NEVS denied creditor protection by Swedish court
    1409255100

    The story of Saab is practically a Greek tragedy at this point. The quirky Swedish automaker that was once known as a pioneer of affordable turbocharging has been followed by years of news that just seemed to keep getting worse. At this point, maybe the brand name should be allowed to fade away ...

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    Report: Porsche's former CEO Wiedeking to stand trial over VW-share manipulation
    1409164200

    Former Porsche CEO Wendelin Wiedeking (left in the above photo) could potentially be facing some time in the slammer after all. The last we had heard, he and former Chief Financial Officer Holger Haerter (right) had avoided a trial in April due to a lack of evidence. However, an appeals court in ...

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    ETC: Why one Long Island county dismissed $2.4 million in speed-camera fines [w/video]
    40,000 Tickets Affected By Nassau County Glitches 1409088600

    The goal of speed cameras should be to improve safety and change driver behavior, not to make motorists feel like they're being ripped off. A speed-camera program in one Long Island county issued almost 40,000 tickets over the past month. They're all being expunged. A malfunction with the ...

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    Report: World's biggest aluminum supplier says automotive-grade sales will triple
    1408969680

    Novelis, based out of Atlanta, is the largest supplier of aluminum sheet to the auto industry, counting Ford, Audi and Jaguar among its clients. It's owned by Mumbai, India-based metals company Hindalco, the world's largest producer of aluminum sheet, and company reps see the aluminum market and ...

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    Study: Recalls have almost no effect on used car prices
    1408819560

    This has been a bad year for recalls. The US auto industry broke the record for repair campaigns months ago, and with about 25.8 million vehicles needing fixed, General Motors has gotten close to 2013's total full-year figure of 27.96-million recalled cars all on its own. You might think that ...

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    Official: Volvo credits China, Europe for first-half profitability
    1408719660

    If everything goes to plan, Volvo might be showing the first signs of a turnaround after several years coping with old products and a staid image. The Swedish brand is imminently launching its next-gen XC90 SUV on a completely revised, modular platform and using a cutting-edge family of engines, ...

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    Report: Honda exec says US market near capacity, could hurt subprime buyers
    1408656480

    Is there a point in the US auto industry where companies should start considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it. According to Automotive ...

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    Report: GM drops to No. 4 in revenue, No. 3 in sales
    1408545120

    It doesn't seem that long ago that General Motors was far and away the largest automaker in the world. In fact it was for the better part of a century. But that was before Toyota started to encroach and a series of damning events began to unfold to drive GM into bankruptcy. Now it's slid down to ...

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    Report: Russia may respond to sanctions by banning car imports
    1408465680

    The Iron Curtain may be lowering on Russia again, at least when it comes to the country's auto industry. The government there is reportedly considering a ban on imported cars as a response if the West puts more sanctions in place. However, even if the restrictions materialize, domestically built ...

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