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Earnings/Financials

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    Report: Lexus back in luxury sales race after three-year absence
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    Think the only challengers for the title of best-selling luxury brand hail from der Vaterland? Wrong. Lexus outsold the likes of Mercedes-Benz for the second time in 2014 last month. In fact, the Japanese luxury marque's total sales this year are a mere 12,000 units behind BMW. Lexus was able to ...

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    Official: McLaren Automotive posts first yearly profit
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    The automotive division of McLaren has just returned its first yearly profit, netting 4.5 million pounds ($7.5 million at today's rates) in pre-tax profit and 12.4 million pounds ($20.7 million) in operating profits on revenue of 285.4 million pounds ($478.1 million). McLaren is only expecting ...

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    Report: Minivan market not what it used to be, but margins make up for it
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    Residual values for last year's minivans are higher than they were in 2000. Much like the station wagon was the shuttle of Baby Boomer generation, the minivan has been the primary means of transport for Generations X and Y. Just as the boomers abandoned the Country Squire, though, those kids ...

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    Recalls don't dent General Motors' sales figures
    Despite Safety Problems, GM Sees Much Momentum 1401886740

    GM announced 13 separate recalls in May, but that was a mere footnote for consumers. At least in theory, the past four months should have been trying ones for General Motors. The company admitted it knew key details about a deadly defect in its cars for more than a decade, and that flaw was ...

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    Report: Increasingly fuel-efficient cars putting gas tax, road funding at risk [w/poll]
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    The fund that the United States uses for the maintenance of its roads is increasingly falling short, and one of the main reasons is the more efficient cars we drive today. As fuel economy improves, the amount raised by the nation's gas taxes falls, and it is those taxes that pay for much of the ...

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    Report: VW to accelerate US model rollout
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    Volkswagen of America continues to see a sales decline, and the automaker is getting desperate to stop it. From January through April, Volkswagen sold 118,154 vehicles, down 10.4 percent from the year before. Something has to be done to stem the losses, and the business thinks it has an idea ...

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    Study: NHTSA says car accidents cost every American about $900 in 2010
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    Car accidents carry a heavy price tag for Americans, regardless of whether or not they've been involved in a crash themselves. Economic burdens associated with crashes cost every person in the United States about $900 per year, according to a study released Thursday by the National Highway ...

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    Report: Tony Fernandes putting Caterham up for sale? [UPDATE]
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    UPDATE: Caterham has issued an unequivocal press release, stating explicitly: "Despite press romours to the contrary, Caterham Group is not for sale." The statement goes on to say that the sports car maker is "actively searching" for new investment as a means to support its continued development. ...

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    Report: Universal pursuing $50-million insurance claim for Fast & Furious 7
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    How can you put a cost on human life? You can't. But you can attempt to put a price on how much that person's absence can cost a company. And in the case of Paul Walker, that could turn out to be as much as $50 million. That's how much Universal Pictures is expected to claim from its insurance ...

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    Report: Buffett's company and hedge funds drop GM stock in wake of recalls
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    Well how's that for an about-face? It was not even two weeks ago that we were reporting on Warren Buffett's praise for General Motors' CEO Mary Barra and her handling of the ignition switch recall. That hasn't stopped Buffett's company, Berkshire Hathaway from unloading shares during the first ...

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    Official: GM agrees to $35M fine over ignition switch recall delay
    Automaker Also Agrees To 'Unprecedented Oversight' By NHTSA 1400254140

    General Motors has agreed to a $35-million fine levied by the National Highway Traffic Safety Administration following its delayed reporting of the deadly ignition switch problem that has affected millions of the company's vehicles. GM will be subject to what NHTSA called "unprecedented ...

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    Read This: Former Treasury boss unaware auto task force fired GM's Wagoner
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    We dig a good political tell-all every once in a while (how else will we get our political fix while waiting for House of Cards' third season?). Today, we get just that from former Treasury Secretary Timothy Geithner's new book, "Stress Test," which details, among other parts of the 2009 financial ...

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    Report: White House urges Congress to shore up depleted Highway Trust Fund
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    The United States Highway Trust Fund is getting closer to running out, and the federal government is scrambling to find a way to keep it in the black. The fund pays for a significant portion of the upkeep for the country's interstates, bridge repairs and some public transportation projects. It's ...

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    Report: Foreign car sales on the rise in Japan
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    Historically, the Japanese auto market has been a tough nut to crack for foreign automakers. The country's buyers have a reputation of preferring driving vehicles from domestic companies. However, the last fiscal year that ended in March indicated that things don't have to be so insular. As ...

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    Report: Detroit automakers mulling helping DIA avoid bankruptcy looting
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    It's not really a secret that the city of Detroit is in lots and lots of trouble. Even with an emergency manager working to guide it through bankruptcy, a number of the city's institutions remain in very serious danger. One of the most notable is the Detroit Institute of Arts, a ...

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    Podcast: Autoblog Podcast #380
    Fiat-Chrysler Five-Year Plan, Nissan Cube, Big Rig Speed Limiters 1400017500

    Episode #380 of the Autoblog podcast is here, and this week, Dan Roth, Chris Paukert and Seyth Miersma talk about the Fiat-Chrysler five-year plan, the seeming demise of the Nissan Cube, and proposed legislation to require speed limiters with a 68-mph maximum on America's tractor trailers. We ...

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    Official: Fiat Chrysler posts $690M Q1 loss
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    If there is one thing that should be remembered when looking at quarterly and annual earnings, it's that the headline numbers rarely tell the whole story when it comes to an automaker's health. Chrysler's first-quarter earnings are just such an example. Yes, the Auburn Hills-based manufacturer ...

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    Report: Tesla pulling plug on Toyota RAV4 EV battery deal
    1399908660

    The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year. "Toyota is expected to end the current RAV4 EV model this year," Tesla said in its quarterly financial filing obtained by Bloomberg. "Our production ...

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    Report: Unintended acceleration settlement hits Toyota's Q4 bottom line
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    Depending on how you want to look at things, the US Attorney's Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion ...

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    Report: Merged Fiat-Chrysler HQ will be in London
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    You won't be seeing Sergio Marchionne in his famous sweaters running day-to-day operations of Fiat Chrysler Automobiles from Michigan. Although, he won't be doing it from Italy, either. The FCA CEO recently announced that the company's corporate headquarters would be located in ...

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