Here is the latest Auto News from CNBC.
BMW misses expectations on currency hit
BMW’s first-quarter operating profit missed expectations as currency headwinds offset record quarterly sales of luxury cars.
Where is the love? Why carmakers are on the hard shoulder
The autos sector should be riding a wave of a resurgence in sales but instead it has some of the most woeful multiples in the equity universe.
Gas prices climb to six-month high: AAA
Despite climbing to a six-month high, gas prices remain at lowest levels since 2009, according to an AAA report.
Tesla’s Bioweapon Defense Mode eliminates pollution in under two minutes
On Monday, Tesla Motors released the results of its tests of the Model X’s air-filtering system, which demonstrated its efficacy.
Nissan will recall 3.53 million vehicles because air bags may not deploy
Nissan said Friday that it is recalling 3.53 million vehicles because the passenger-side air bags may not work properly.
Billionaire Mario Gabelli says he’s got a hot deal for Warren Buffett
Value investor Mario Gabelli tells CNBC that Warren Buffett might want to consider buying AutoNation.
Fiat in talks with Alphabet for car partnership: WSJ
Alphabet is interested in selling companies its autonomous car technology, The Wall Street Journal reported.
$15M Ferrari might be the most expensive car ever to be given a parking ticket
A pricey 1970 vintage Ferrari got a little more expensive this week, with the vehicle being slapped with a penalty fine during a photo shoot.
China’s BYD looks to double electric vehicle sales
China is trying to steer consumers to buy electric vehicles, a move that can benefit manufacturers like BYD.
Truck sales drive record results at Ford; shares surge
Ford reports a 113 percent rise in net income and company records for global and North American operating margins.
Are women in the driving seat yet?
Women influence almost 80 percent of car buying decisions, but only 16 percent make it to managerial positions in the automotive industry, EY says.
VW CEO says priority is to ‘regain trust’ after emissions scandal
VW is accused of manipulating emissions test data on its diesel vehicles in the US and Europe.
Tesla knows the one feature that will make it a success in China
If you’ve ever taken a deep breath in Beijing, you’ll understand why Tesla is so excited about “bioweapon defense mode.”
Ford recalls 202K F-150s, cars, and SUVs to fix transmission
The automatic transmissions can suddenly downshift to first gear.
Mitsubishi Motors issues no earnings guidance amid mileage cheating scandal
Mitsubishi Motors Corp on Wednesday issued no earnings guidance for this financial year, as it typically does when reporting annual results.
Peugeot results run into currency roadblock
PSA Peugeot Citroen PSA posts a 1.4 percent drop in first-quarter group sales, dragged down by negative currency effects.
Check out the hottest wheels at the Beijing Auto Show
All the glitz and glamour of the automotive industry is on display as global car makers show off their wares in China’s capital.
Google, Ford, and Uber form coalition on self-driving cars
Alphabet’s Google unit, Ford Motor, Volvo Cars, and two ride-sharing companies are forming a coalition to urge federal action on self-driving cars.
The hottest models on display in Beijing? Young men
The Beijing Auto Show banned brands from using “car show girls” to enhance their displays. Cue a new legion of male motor attendants.
Mitsubishi Motors says it did false mileage tests since 1991
Mitsubishi Motors Corp. said an internal investigation found such tampering dated back to 1991.
Bigger is waaaay better at the Beijing Auto Show
At the Beijing Auto Show, industry stalwarts are racing against local rivals to indulge China’s thirst for sports utility vehicles.
In China, a race to create the ‘next Tesla’ gains steam
Hundreds of millions of dollars are being spent by Chinese companies to create the next Tesla. Here’s why.
US ends Honda investigation for failing to report deaths, injuries
The government determined the automaker met all of its obligations after it paid a $70 million fine and took preventative steps.
Scandal-hit Mitsubishi Motors may skip profit forecast
Mitsubishi is unlikely to issue an earnings forecast when it announces results this week, a person close to the company told Reuters.
GM to temporarily idle 4 North American auto plants
The plants will close temporarily due of a parts shortage following the earthquake this month in Japan, the company reports.
Fiat Chrysler recalls 1.1M SUVs, cars worldwide for safety issue
Fiat Chrysler is recalling 1.1 million vehicles worldwide because they might roll away after drivers exit.
Ex-GM exec Bob Lutz rails on Volkswagen: They’re trying to bribe customers
This is how VW is trying to keep cars on the road after dieselgate, according to Bob Lutz, former vice chairman of GM.
German carmakers to recall 630,000 cars: Official
German carmakers will recall 630,000 Porsche, Volkswagen Opel, Audi and Mercedes vehicles to fix emissions management software.
AutoNation CEO: ‘Biblical hail’ pounded profits
AutoNation’s Mike Jackson says the company missed estimates on earnings because of “epic, biblical hail storms.”
VW hikes emissions provisions to $18-19B: Report
Volkswagen is hiking its provisions to pay for an emissions cheating scandal, a person familiar with the matter told Reuters on Friday.
Daimler launches probe into diesel emissions tests
Daimler has opened an investigation into its emissions testing process at the request of the US Department of Justice, the Financial Times reports.
Musk proposes self-driving buses to fix traffic
Musk made the comments at a transportation conference in Norway, according to Bloomberg, reports The Verge.
Mitsubishi Motors laboratories raided over fuel data scandal
Japanese regulators have raided the research and development centre of Mitsubishi Motors after the carmaker admitted to falsifying fuel economy data on more than 600,000 vehicles. The transport ministry said its officials raided Mitsubishi’ s laboratories in Okazaki, central Japan, where the alleged misconduct is believed to have taken place.
Volkswagen, DOJ reach deal on emissions scandal
Automaker Volkswagen has reached a deal with the U.S. government over diesel emissions, a judge told Reuters Thursday.
GM CFO: This drove our big Q1 earnings beat
General Motors CFO Chuck Stevens tells CNBC the strong start to 2016 is just the beginning.
Musk: Almost 400K orders received for Tesla Model 3
Electric car manufacturer Tesla Motors has received almost 400,000 orders for its latest car, the model 3 sedan, its CEO said on Thursday.
VW to pay US customers $5,000 in settlement
A major German publication reported that Volkswagen and regulators have reached a compensation deal for its scandal.
Mitsubishi tanks 15% after admission on fuel tests
Mitsubishi Motors announced Wednesday that it had found problems in the way it had tested some of its vehicles’ fuel economy tests.
Bomb-proof your Rolls-Royce for $200,000
Texas Armoring transforms refined luxury rides into rolling fortresses.
Tesla drops on Consumer Reports warning
Tesla shares turned lower on Tuesday after Consumer Reports released an article sayng the car maker’s Model X faces quality issues.
Apple nabs another top Tesla exec: Report
Apple has hired Tesla’s former vice president of engineering as an administrator for special projects.
Despite weak US sales, Harley-Davidson shares rise
Harley-Davidson’s stock gained nearly 1 percent in the premarket after reporting better-than-expected quarterly results.
$285K+ Ferrari 458 Spider crashed in England
A man crashed a Ferrari 458 Spider worth more than 200,000 pounds (more than $285,000) in Burnley, England on Sunday.
Building the Hyperloop prototype
Behind the business model of the Hyperloop which design proposes a connection between San Francisco to Los Angeles, with Bibop Gresta, the co-founder and chief operating officer of Hyperloop Transportation Tech.
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