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LUXURY: Lexus wins July, BMW still leads YTD
Lexus led the U.S. luxury segment in July despite a sales decline. Mercedes-Benz posted a big gain to narrow the gap behind year-to-date leader BMW. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
Audi recalls 144,092 vehicles over malfunctioning passenger airbag sensors
Oxidation on the connecting cable of the passenger occupant detection system can cause software to fail to detect occupants and disable the passenger airbag, the recall notice said. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
GM Financial’s net income falls even as revenue hits record high
Higher interest expenses and income tax provisions dragged down earnings for the quarter. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
U.S. risks falling behind China on robocars, Qualcomm says
China’s plan to standardize the use of 5G for vehicles to talk to each other could lead to the U.S. falling behind in the commercialization of self-driving cars, according to Qualcomm Inc. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
Delphi Q2 net income drops; supplier changes outlook
Delphi Technologies reported a drop in second-quarter net income on lower revenue, decreased production volume and unfavorable currency rates. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
GM’s Q2 net rises 1.6% on pickups, cost-saving actions
General Motors’ second-quarter earnings in North America rose to $3 billion, for a 10.7 percent margin, while worldwide margins, revenue and adjusted earnings fell. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
Mazda quarterly operating profit falls 79% on weak U.S., China sales
Mazda has been struggling with falling demand for its vehicles while also recovering from flood-related damage to its factories in Japan. The automaker reiterated its forecast for a 33 percent rise in operating profit for the fiscal year ending in March. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
Toyota spreads its bets across the transportation spectrum
From batteries and self-driving vehicles to lunar rovers and ride-hailing companies, Toyota is on an investment spree, pouring more than $3 billion into deals and partnerships in recent years. Continue Reading at AutoNews.com Click Here. Press Release Distribution Service
Tesla sued by family of Florida man killed in Autopilot crash
The NTSB issued a preliminary report on the crash in May and said vehicle data showed the Autopilot driver-assistance system was active at the time of the incident. Press Release Distribution Service
VW: Brand rises on crossovers, Audi gains on cars
The Volkswagen brand posted its fifth straight monthly advance and its smallest increase of the year. Audi inched up 0.8 percent. Press Release Distribution Service
