US Automotive News

GM, Toyota set to push US regulators on easing self-driving restrictions – TechCrunch

Practical use of self-driving cars requires changes to existing regulatory frameworks – or at least that’s what GM and Toyota are prepared to tell U.S. lawmakers on Tuesday, at a panel convened to review the state of self-driving regulation and proposed guidance on their use and testing set out last year by the National Highway Traffic Safety Administration (NHTSA). GM and Toyota will testify that current regulatory conditions could negatively…

Posted: Monday, February 13, 2017

You’ll Be Surprised at the Size of Ford Motor Company’s War Chest – Fox Business

$27.5 billion. I’ll say that again: Twenty-seven point five billion dollars. That’s the cash Ford Motor Company (NYSE: F) had stashed as of December 31. That’s not all: On top of that huge hoard, Ford had another $10.8 billion in available-but-unused credit lines as of the same date, for a “total liquidity” of $38.3 billion. Continue Reading Below To be clear, that’s not some fluke number related to Ford’s…

Posted: Monday, February 13, 2017

Fiat Chrysler: 100%-200% Upside Despite The Recent Run-Up … – Seeking Alpha

Despite the recent rally in the share price, Fiat Chrysler Automobiles (NYSE:FCAU) still offers investors a very compelling opportunity with potential upside of 100%-200% within the next 2 years, while at the same time providing a limited downside due to cheap valuation that already bakes in a recession. Company presentation and current situation The company is misunderstood and has been neglected for years by financial analysts who saw in Fiat…

Posted: Monday, February 13, 2017

Alfa, Fiat dealers fight the factory – Automotive News (subscription) (blog)

More than 20 Fiat and Alfa Romeo dealers in California have filed protests against Fiat Chrysler after the automaker substantially rewrote their franchise agreements in December. Among those filing protests are the dealerships owned by the chairman of the FCA National Dealer Council. Not all of the protests are identical, but they do contain common themes. Primarily, dealers objected to changes: • In the facility requirements  • In the…

Posted: Monday, February 13, 2017

Ford CEO reveals a major fear about self-driving cars – Business Insider

Ford CEO Mark FieldsReuters Ford is moving full speed ahead with its self-driving cars.  The company aims to have its fully autonomous cars on the road in a commercial setting, such as a ride-sharing program, by 2021. Ford, though, isn’t the only company trying to bring self-driving cars to market during the next five years. There’s a number of automakers and tech companies developing autonomous vehicles working within the same timeline,…

Posted: Monday, February 13, 2017

Hyundai Motor hires former GM researcher to lead self-driving car center – Reuters

SEOUL Hyundai Motor Group (005380.KS) has hired a former General Motors (GM.N) researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving technology development at General Motors (GM) for more than a decade, will head the newly established Intelligent Safety Technology Center – a combined research body…

Posted: Monday, February 13, 2017

Dodge gives slow rollout to its most demonic car yet – USA TODAY

The functional hood scoop on the Dodge Challenger SRT Demon is the largest of any production car(Photo: FCA US LLC, FCA US LLC) From the slow-motion rollout that Fiat Chrysler is giving its latest performance model, this much is clear: the new Dodge Challenger SRT Demon will be fast. Really fast. The company is releasing new videos leading up to the New York Auto Show in April, where Demon will make its…

Posted: Sunday, February 12, 2017

Ford to Invest $1 Billion in Artificial Intelligence Start-Up – New York Times

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Posted: Saturday, February 11, 2017

Dodge to use its parking tech to protect police from ambush attacks – CNBC

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Posted: Saturday, February 11, 2017

Fiat Toro pickup headed to US? FCA sends mixed signals – Automotive News (subscription) (blog)

FCA design boss says full autonomy will take unprecedented collaboration UPDATED: 2/9/17 1:15 pm ET – adds details CHICAGO — Is Fiat Chrysler Automobiles thinking about adding the Fiat Toro — a small lifestyle pickup on sale in Latin America — to its U.S. Fiat lineup? Ralph Gilles, global head of design for FCA, sent mixed signals on Thursday. Speaking at the Chicago Auto Show, Gilles showed an…

Posted: Friday, February 10, 2017

Tesla auto factory workers reach out to form union – MarketWatch

Tesla Inc. factory workers have contacted the United Auto Workers in an effort to form a union, according to a blog post at online publishing site Medium by a man claiming to be an employee. “Many of us have been talking about unionizing, and have reached out to the United Auto Workers for support. The company has begun to respond….

Posted: Friday, February 10, 2017

Dodge’s repurposed parking sensors let cops know if anyone is sneaking up on them – The Verge

Dodge is cleverly repurposing existing technology in its Dodge Charger Pursuit police cars to help cops stay safe. It’s called the Officer Protection Package, and it is designed to keep officers from being ambushed from behind when sitting in a parked squad car. When the feature is switched on, the car turns on the rear-facing ultrasonic parking sensors. If they are tripped by someone walking right behind the car, a…

Posted: Friday, February 10, 2017

Ford Tries to Regain Momentum in Oversize SUVs – Wall Street Journal

Ford Motor Co. is reigniting a turf war in a lucrative segment dominated by General Motors Co., giving the supersize Expedition and Lincoln Navigator lineup its first overhaul in nearly 15 years. Ford was once a force in the market for hulking SUVs, but slowed investing in the gas guzzlers as the car maker responded to environmental concerns by shifting to more efficient models. GM, meanwhile, cranked out consistent redesigns…

Posted: Wednesday, February 08, 2017

GM hourly workers will get bonus checks of up to $12000 – USA TODAY

CLOSE x Embed x Share For the year, GM’s net income fell 2.6% from $9.68 billion a year ago even as its total revenue increased. Wochit GM CEO Mary Barra speaks to reporters at a press conference in Detroit on Jan. 10.(Photo: General Motors) Hourly workers for General Motors will get record bonus checks of up to $12,000 after the company reported booming sales in North America, as consumers flock…

Posted: Wednesday, February 08, 2017

General Motors Dives On Margins, Trump ‘Uncertainty’; Tesla Tests Buy Point – Investor’s Business Daily

General Motors (GM) appears likely to be caught between populist forces in the U.S. and abroad this year, with the automaker stressing “very constructive” dialogue with the Trump administration but forecasting “relatively flat” 2017 results in Europe as it navigates the aftershock of Brexit. But as automakers find themselves in the crosshairs of President Trump’s Twitter account — his platform for strong-arming the industry into being more U.S.-focused — GM…

Posted: Wednesday, February 08, 2017

GM’s financial results were solid and don’t justify a 5% sell-off in the stock, analyst says – CNBC

General Motors posted fourth-quarter earnings yesterday that beat Street expectations, however the automaker still saw its shares tanking more than 5 percent today because of border tax concerns and disappointing sales abroad. While investors may be concerned about international trading policies, Seaport Global Securities analyst Michael Ward believes the 5 percent sell-off is unwarranted because of GM’s solid quarterly results. “When you look at it from a financial standpoint, GM…

Posted: Wednesday, February 08, 2017

GM beats on 4th-quarter earnings and books record 2016 global sales – Business Insider

Bill Pugliano/Getty Images General Motors reported fourth-quarter and full-year 2016 earnings on Tuesday. The automaker said fourth-quarter net income fell to $1.19 a share, factoring out one-time items, in part because of $500 million in foreign-exchange losses, and the company forecast that 2017 profits would be flat to slightly up from 2016. The adjusted result beat analyst expectations of $1.17 a share. GM said fourth-quarter net income fell to $1.8…

Posted: Wednesday, February 08, 2017

Ford Shows 1st TV Ad Highlighting Mobility Services On Super Bowl Sunday Big Stage – Forbes

Again this year, Ford is following its now-traditional path of taking out a TV ad just before kickoff of the Super Bowl telecast. But true to CEO Mark Fields’ vast and ongoing attempt to reposition the venerable automaker for a different sort of future, Ford’s Big Game Sunday commercial will comprise the company’s first big advertisement of its pivot into mobility services and away from only making and selling vehicles. In…

Posted: Wednesday, February 01, 2017

The Land That GM Forgot – Bloomberg

U.S. automakers’ failure to sell their cars in Japan has been a gripe for Detroit since the Carter administration. Another round of whingeing looks set to begin. “It’s not fair,” the Nikkei Asian Review quoted President Donald Trump as telling a meeting of chief executives at the White House Monday. “They do things to us that make it impossible to sell cars in Japan.” On the numbers, he appears to have…

Posted: Wednesday, February 01, 2017

Better Buy: Ford Motor Co. vs. General Motors – Motley Fool

2016 was another big year for the auto industry, and both Ford Motor (NYSE:F) and General Motors (NYSE:GM) enjoyed favorable conditions that included another record year for U.S. auto sales. Yet neither stock has earned much respect from investors, sporting extremely low valuations even after solid performance in their stock prices over the past year. Given how expensive the rest of the stock market has become, many value investors think…

Posted: Wednesday, February 01, 2017