Ford doesn’t just want European SUV buyers to flock to its Edge, it wants luxury buyers, too.
The automaker is busy rolling out a refined version of its midsize CUV on the Continent, but an even plusher version is on the way, Automotive News Europe reports. With no Lincolns to sell, Ford figures it can turn one of its own into an Audi-fighter. (Read More…)
The hints keep piling up that the Škoda brand could one day arrive on our shores.
Volkswagen Group’s Czech subsidiary keeps dropping clues that it wants to enter the U.S. market, but the surging automaker’s CEO recently added his own voice to the rumor mill, according to Autocar. Company head Bernhard Maier said if the automaker does head to America, it already has the vehicle U.S. buyers want. (Read More…)
Ford Motor Company says its profits dropped 9 percent in the second quarter, and warns that leaner times are coming.
Net income, global market share, and earnings per share all fell, but the automaker’s financial news wasn’t all bad. Still, Ford plans to do some cost cutting as the red-hot new vehicle market cools off in North America. (Read More…)
Toyota SUVs and pickups are popular with insurgents in overseas conflict zones, so why shouldn’t the U.S. military kick the tires on some?
The U.S. Special Operations Command just placed an order for up to 556 vehicles outfitted for “unconventional warfare” use, most of them Toyota Land Cruisers, Military Aerospace reports. (Read More…)
The diesel emissions scandal can’t be blamed for all of Volkswagen’s sales woes.
Today, the automaker announced first-quarter profits fell 86 percent compared to the same time last year, not surprising given its sidelined diesel models, the hit to its reputation, and a hastily cobbled together $18.2 billion scandal fund.
Worldwide sales of Volkswagen passenger cars fell 1.3 percent (year-over-year) this quarter, but the scandal doesn’t tell the whole story. That number would have been in positive territory if select countries weren’t grab-your-money-and-get-out economic disasters. (Read More…)
Henry Ford’s way of building cars was so 20th Century, so Honda tried something new.
Workers at the automaker’s new Thailand plant now stay in motion all day, moving with the vehicle as it travels down the assembly line, Automotive News reports. (Read More…)
News from Dearborn this morning will please recent purchasers of F-150s, Transits, and Fiestas — Ford Motor Company is absolutely on fire financially, earning $2.5 billion in a very large first quarter.
Ford’s pre-tax profit of $3.8 billion was a record for the company. (Read More…)
No matter who you are or what status you hold in society, at some point in the past 34 years you did something in a Chevrolet Cavalier, and it was probably a lackluster experience (barring anything in the backseat, though even then…).
For reasons unknown, the nameplate that once summed up everything that was wrong with domestic compacts will return to the automotive landscape on a China-only Chevrolet model, GMInsideNews reports. (Read More…)
Honda’s Chinese subsidiary is proud of the upcoming Acura CDX compact SUV, as it’s the first Acura designed for, and built in, that expanding car market.
Based on the Honda HR-V, the CDX tries to erase all signs of its body donor’s identity. Among other things, the new model adds shapelier flanks, conventional rear door handles, Acura’s new corporate diamond grille, and taillights that align with the brand. (Read More…)
There’s happy faces inside the Renaissance Center today.
General Motors saw its first-quarter pretax profit rise 28 percent, despite continuing trouble in foreign markets, Automotive News has reported.
A net income of $1.95 billion means investors will reap $32.66 a share, a 1.5 percent increase. Revenue was up four percent in the first quarter, at $37.27 billion. (Read More…)