News

Crosstrek redesigned to take on newcomers

29 July 2017, 08:00
When the Subaru Crosstrek debuted in 2012, the subcompact crossover segment was a fledgling one. Five years later, both the model and segment have changed.

Hyundai sees salvation in '18 Sonata

29 July 2017, 08:00
New sheet metal, a revised trim and pricing strategy and a focus on refinement round out the Hyundai Sonata's notable upgrades. But they can do only so much to change the car's fortunes.

Ford to repair U.S. police vehicles after carbon monoxide concerns

29 July 2017, 08:00
Ford said it will pay to repair police versions of its Ford Explorer SUVs to correct possible carbon monoxide leaks that may be linked to crashes and injuries.

Big U.S. auto discounts are bane to Asian automakers' profits

28 July 2017, 08:00
Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits.

U.S. upgrades probe into 1.33 million Ford Explorers over exhaust odors

28 July 2017, 08:00
NHTSA is upgrading a probe into 1.33 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide that may be linked to crashes and injuries.

Visteon offsets U.S. slowdown with sales gains in China

28 July 2017, 08:00
Visteon Corp. said net income ramped up during the second quarter as the supplier offset a slowdown in the U.S.

Musk risks missing the mainstream if Model 3 strays from $35,000

28 July 2017, 08:00
Tesla's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach.

Wells Fargo to refund $80 million to car loan customers

28 July 2017, 08:00
Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance.

FCA Q2 operating profit rises 15%

27 July 2017, 08:00
Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati.

KKR to acquire auto assets from S. Korea's LS Group for $943 million

27 July 2017, 08:00
Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million).
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