NEWS

GM Dials Back Fleet Sales in U.S.

7/31/2015

General Motors Co. is likely to report flat July sales on Monday because it is trying to reduce low-profit sales to rental car fleets.

Pilot Program Pays BMW EV Owners to Delay Charging

7/31/2015

California utility Pacific Gas & Electric Co. is paying 100 owners of BMW AG's i3 electric hatchback $1,000 each not to recharge their vehicles during peak energy demand periods, Bloomberg News reports.

Chevy/GMC Midsize Pickups Add Diesel Option

7/31/2015

General Motors Co. confirms it will offer a 2.8-liter 4-cylinder diesel engine its 2016 Chevrolet Colorado and GMC Canyon midsize pickup trucks.

Heads Up: Ford GT350 Mustang Gets Shift Indicator

7/31/2015

Ford Motor Co. has installed a new shift light indicator in the high-performance Shelby GT350 Mustang and its track-only Shelby GT350R counterpart.

American Axle Posts 12% Earnings Gain

7/31/2015

American Axle & Manufacturing Holdings Inc. reports its second-quarter sales rose 6% to $1 billion, and net earnings climbed 12% to $59 million.

Spain Fines Carmakers for Price Fixing

7/31/2015

Spain has fined 21 carmakers a combined €171 million for conspiring to fix prices on cars, repairs and replacement parts, Automotive News reports.

Toyota to Use Telenav GPS App

7/31/2015

Toyota Motor Corp. will begin offering Sunnyvale, Calif.-based Telenav Inc.'s Scout GPS Link smartphone app on select 2016 models equipped with the carmaker's Entune Audio Plus system.

Strong U.S. Sales Bolster Honda Earnings

7/31/2015

Honda Motor Co. reports its operating profit rose 16% to 239 billion yen ($1.9 billion) in the fiscal first quarter ended June 30.

Lambo Readies Drop-Top Huracan and Limited-Run “Hyper Car”

7/31/2015

Volkswagen AG's Lamborghini unit will take the wraps off a roadster version of its Huracan supercar at next year's Geneva auto show, unnamed sources tell Motor Trend.

Mazda’s Profits Sag

7/31/2015

Mazda Motor Corp. reports its operating profit in April-June shrank 5% to 53.3 billion yen ($430 million), and net income plunged 25% to 36.8 billion yen ($296 million).