New-vehicle loan amounts, payments hit record high

New-vehicle loan amounts, payments hit record high https://ift.tt/2kDfpXK average loan amount and monthly payment for new vehicles reached record highs in the first quarter. The percentage of new-vehicle subprime loan originations dropped, while prime origination share reached a six-year high.

Waymo to buy up to 62,000 Chrysler Pacifica Hybrid minivans to expand self-driving fleet

Waymo to buy up to 62,000 Chrysler Pacifica Hybrid minivans to expand self-driving fleet https://ift.tt/2Lc9ST9 affiliate Waymo will purchase up to 62,000 additional Chrysler Pacifica Hybrid minivans from FCA US starting later this year to begin a national expansion of the company's public driverless ride-hailing fleet.

Trump threatened to bar German luxury cars in U.S., report says

Trump threatened to bar German luxury cars in U.S., report says https://ift.tt/2xxtpeU Trump told French President Emmanuel Macron he would block German luxury carmakers from the U.S. market, a German magazine reported.

Marchionne's grand finale entails expanding Jeep, shrinking Fiat, reports say

Marchionne's grand finale entails expanding Jeep, shrinking Fiat, reports say https://ift.tt/2LLtxKM Marchionne's last hurrah as CEO of Fiat Chrysler entails betting the carmaker's future on Jeeps and Maserati luxury cars while downsizing its namesake brands, people familiar with the matter told Bloomberg.

First Shift: Fund to invest $2.25B in GM's Cruise AV unit

First Shift: Fund to invest $2.25B in GM's Cruise AV unit https://ift.tt/2kBRSqc to pump $2.25B into GM's Cruise AV unit; Uber, Waymo in talks; Trump German-car threat?; Fresh signs of Ford train-station buy; Texting while cruising; JLR's all-terrain AVs.

Tesla Model 3 wins Consumer Reports blessing after brake fix

Tesla Model 3 wins Consumer Reports blessing after brake fix https://ift.tt/2ss7KPx Model 3 won a coveted recommendation from Consumer Reports after an over-the-air software update improved braking by almost 20 feet.

Honda shows off Amaze sedan

Honda shows off Amaze sedan https://ift.tt/2JeXpRz the latest new video to top our viral video charts, Honda shows off the Amaze sedan for the Indian market.

May U.S. sales expected to rise behind extra selling day, holiday deals

May U.S. sales expected to rise behind extra selling day, holiday deals https://ift.tt/2L8jRsC from Cox Automotive, Edmunds and LMC Automotive/J.D. Power call for U.S. light-vehicle sales to rise about 3 percent to around 1.56 million vehicles in May. It would be the industry's third increase in the first five months of 2018.

Global EV fleet expected to triple in 2 years

Global EV fleet expected to triple in 2 years https://ift.tt/2shlSMi are likely to become a much more common sight on the world's roads in the next two years as the global fleet of electric vehicles is likely to more than triple to 13 million by the end of the decade from 3.

Global fleet of EVs set to triple in two years, report says

Global fleet of EVs set to triple in two years, report says https://ift.tt/2xr23Y2 are likely to become a much more common sight on the world's roads in the next two years as the global fleet of electric vehicles is likely to more than triple to 13 million by the end of the decade from 3.

VW expects to beat EV sales goal on China, Europe demand

VW expects to beat EV sales goal on China, Europe demand https://ift.tt/2L3MOpD brand expects to beat its target of selling 1 million electric vehicles by 2025, said EV chief Christian Senger, citing demand in China and Europe, as well as untapped potential in the southern hemisphere.

Diesels to die out in Tesla-like future, EU regulator says

Diesels to die out in Tesla-like future, EU regulator says https://ift.tt/2L1ehIx may do as much as regulators to propel the car sector into the electricity-powered age foreseen by Tesla, according to the EU's industrial-policy chief.

Diesel cars to die out in Tesla-like future, EU regulator says

Diesel cars to die out in Tesla-like future, EU regulator says https://ift.tt/2IOS7Nd may do as much as regulators to propel the car sector into the electricity-powered age foreseen by Tesla, according to the European Union's industrial-policy chief.

Starved of product, Fiat brand is at a crossroads

Starved of product, Fiat brand is at a crossroads https://ift.tt/2LxtPVR Fiat Chrysler presents its 2018-22 business plan June 1, the biggest question mark will be the future of the core Fiat brand, which has been losing share steadily in its two main markets #8212; Europe and Brazil #8212; and is progressively...

2019 Toyota Corolla hatchback to start at just over $20,000

2019 Toyota Corolla hatchback to start at just over $20,000 https://ift.tt/2GNjeSN redesigned Corolla hatchback, aimed at first-time buyers and manual-transmission fans, will go on sale in showrooms this summer for $20,910 for the entry-level model, including shipping.

Citroen seeks to repeat C5 Aircross's China success in Europe

Citroen seeks to repeat C5 Aircross's China success in Europe https://ift.tt/2GO6dZq is hoping the European launch of the new C5 Aircross will repeat the SUV's success in China, where it helped boost sales by 48 percent in the first four months.

Daimler's Car2Go ending Toronto operations, citing parking regulations

Daimler's Car2Go ending Toronto operations, citing parking regulations https://ift.tt/2LqPUVM Car2Go is suspending its Toronto operations at the end of the month because of forthcoming parking regulations and new licensing fees.

Porsche Canada gets new marketing director with digital focus

Porsche Canada gets new marketing director with digital focus https://ift.tt/2KOxJYU Cars Canada Ltd. has tapped Colas Henckes to be its new marketing director, effective July 2.

PSA 'cautious' about Iran business after successful Citroen C3 launch

PSA 'cautious' about Iran business after successful Citroen C3 launch https://ift.tt/2LtnWc6 remains cautious about its Iran business, Citroen CEO Linda Jackson said, after the launch of the C3 model in the market.

JLR to spend $5.3 billion on new models, tech

JLR to spend $5.3 billion on new models, tech https://ift.tt/2Ltl7YC Land Rover will spend about $6 billion in the current financial year on new models and technologies as the luxury carmaker looks to spur sales that grew at a slower pace.

Donald Trump does a favor for BMW and Mercedes

Donald Trump does a favor for BMW and Mercedes https://ift.tt/2x647V7 biggest beneficiaries of President Donald Trump's drive to get China to "play fair" on trade are automakers such as BMW and Mercedes, which export expensive sedans and SUVs from Germany and the U.S.

Toyota will build fuel cell stack plant in Japan

Toyota will build fuel cell stack plant in Japan https://ift.tt/2LtCacK plans to build a plant to manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to increase global annual sales of the vehicles to at least 30,000 from 3,000 now.

Renault-Nissan gains on merger talks

Renault-Nissan gains on merger talks https://ift.tt/2s744Te prospect of Renault and Nissan consolidating their alliance with a full merger boosted the shareholder value of the French company by 17.

Toyota will build fuel cell stack plant in bid to ramp up sales of hydrogen-powered cars

Toyota will build fuel cell stack plant in bid to ramp up sales of hydrogen-powered cars https://ift.tt/2KQAeu0 plans to build a plant to manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to increase global annual sales of the vehicles to at least 30,000 from 3,000 now.

Tesla trims up to $14,000 off Model X in China after tariff cuts

Tesla trims up to $14,000 off Model X in China after tariff cuts https://ift.tt/2s4yRA0 has cut the price of the Model X in China by up to $14,000 after Beijing announced tariff cuts for imported cars.

Why China's EV drive is helping Swedish bearings maker

Why China's EV drive is helping Swedish bearings maker https://ift.tt/2IFSWaS SKF is seeing increasing demand for its bearings from China, where demand for EVs means it is winning at least one new contract a month, as suppliers adapt to changing automobile technology.

Tesla trims up to $14,000 off Model X in China after tariff cuts

Tesla trims up to $14,000 off Model X in China after tariff cuts https://ift.tt/2KKFKyk has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported cars, a potential sales boost for the U.S. automaker as the world's largest auto market moves toward EVs.

SKF feels power of China's EV drive

SKF feels power of China's EV drive https://ift.tt/2Lls91t SKF is seeing increasing demand for its bearings from China, where demand for EVs means it is winning at least one new contract a month, as suppliers adapt to changing automobile technology.

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes, Porsche

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes, Porsche https://ift.tt/2wZPL8J will cut the import duty on passenger cars to 15 percent. The move will boost automakers that import high-end cars including BMW, Tesla, Porsche and Mercedes-Benz.

Tesla's Musk admits Model 3 braking issue, promises fix

Tesla's Musk admits Model 3 braking issue, promises fix https://ift.tt/2LiL8to CEO Elon Musk admitted there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware update.

BMW bets on iNext in autonomous race with Mercedes

BMW bets on iNext in autonomous race with Mercedes https://ift.tt/2IGVeTj offered a glimpse of its futuristic self-driving iNext car as the automaker seeks to gain momentum in the race to overtake rival Mercedes in luxury car sales.

China cuts import duty to 15% in boost for BMW, Tesla, Mercedes, Porsche

China cuts import duty to 15% in boost for BMW, Tesla, Mercedes, Porsche https://ift.tt/2GEDI04 will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the United States recedes.

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche https://ift.tt/2rXhimq will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the United States recedes.

Tesla's Musk admits Model 3 braking issue, promises fix

Tesla's Musk admits Model 3 braking issue, promises fix https://ift.tt/2IExMG9 CEO Elon Musk admitted there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware update.

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche https://ift.tt/2s2lVeP will cut the import duty on passenger cars to 15 percent. The move will boost automakers that import high-end cars including BMW, Tesla, Porsche and Mercedes-Benz.

VW Group's China sales rose 12% in April on Audi, Skoda demand

VW Group's China sales rose 12% in April on Audi, Skoda demand https://ift.tt/2s49cYj Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda brands.

China cuts car import duty to 15% in boost for foreign automakers

China cuts car import duty to 15% in boost for foreign automakers https://ift.tt/2kgYbiQ will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the United States recedes.

China cuts car import duty to 15% in boost for foreign automakers

China cuts car import duty to 15% in boost for foreign automakers https://ift.tt/2rZwvDc will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the U.S. recedes.

China said to cut car import duty to 15% in boost for foreign automakers

China said to cut car import duty to 15% in boost for foreign automakers https://ift.tt/2J0q3pp will cut the import duty on passenger cars to 15 percent from the current 25 percent, in a boost to foreign automakers, just as the immediate threat of a trade war with the U.S. recedes, Bloomberg reported.

Tesla Model 3 braking, controls draw rebuke in Consumer Reports tests

Tesla Model 3 braking, controls draw rebuke in Consumer Reports tests https://ift.tt/2LgLwsq Reports won't recommend Tesla's compact Model 3 because of the electric car's long stopping distances and difficult-to-use controls.

Tesla Model 3 draws strong rebuke in Consumer Reports tests

Tesla Model 3 draws strong rebuke in Consumer Reports tests https://ift.tt/2KIz83v Reports won't recommendTesla's compact Model 3 because of the electric car's long stopping distances and difficult-to-use controls.

VW Group's April sales up 10% on Europe, China gains

VW Group's April sales up 10% on Europe, China gains https://ift.tt/2KxVzZ6 Group said its global vehicle registrations rose 10 percent last month on strong demand in all its major markets, including Western Europe and China.

BMW bets on iNext in sales race with Mercedes

BMW bets on iNext in sales race with Mercedes https://ift.tt/2IMumVk offered a glimpse of its futuristic self-driving iNext car as the automaker seeks to gain momentum in the race to overtake rival Mercedes in luxury car sales.

BMW bets on iNext in sales race with Mercedes

BMW bets on iNext in sales race with Mercedes https://ift.tt/2wO9Hex offered a glimpse of its futuristic self-driving iNext car as the automaker seeks to gain momentum in the race to overtake rival Mercedes in luxury car sales.

VW, Toyota, Dacia notch big gains as Europe sales rise 10% in April

VW, Toyota, Dacia notch big gains as Europe sales rise 10% in April https://ift.tt/2IP9Nr4, Toyota and Dacia all saw their European sales rise sharply in April, outpacing a market that grew 9.6 percent on increased demand in the region's five biggest markets.

EV batteries present new challenges for firefighters

EV batteries present new challenges for firefighters https://ift.tt/2rNF2t7 on electric vehicles are rare, but the volatile chemistry of their batteries and the need for special training on how to extinguish them raises new safety questions as automakers are poised to dramatically increase production.

AutoNews Now: GM Super Cruise, Tesla Autopilot square off

AutoNews Now: GM Super Cruise, Tesla Autopilot square off https://ift.tt/2k17qU7 Super Cruise, Tesla Autopilot square off in test; Battery blazes pose challenge for firefighters; EV push in Northeastern U.S.; Apple's growing AV fleet; First for BMW in China.

UK to share plans soon on 2040 combustion-cars ban

UK to share plans soon on 2040 combustion-cars ban https://ift.tt/2IkPl1U UK will release more details in the weeks ahead on its planned ban of the sale of new gasoline and diesel cars starting in 2040, business minister Greg Clark said.

EV batteries present new challenges for firefighters

EV batteries present new challenges for firefighters https://ift.tt/2KZTSVj on electric vehicles are rare, but the volatile chemistry of their batteries and the need for special training on how to extinguish them raises new safety questions as automakers are poised to dramatically increase production.

UK to share plans soon on 2040 ban of combustion-engine cars

UK to share plans soon on 2040 ban of combustion-engine cars https://ift.tt/2KtW5Ho UK will release more details in the weeks ahead on its planned ban of the sale of new gasoline and diesel cars starting in 2040, business minister Greg Clark said.