Author: Automotive News n Feed

PSA’s earnings jumped 18 percent last year on cost cuts, underscoring the French carmaker’s revival and buoying its efforts to buy General Motors’ struggling European operations.

PSA’s earnings jumped 18 percent last year on cost cuts, underscoring the automaker’s revival and helping its efforts to buy GM’s struggling European operations.

Kia hopes customer loyalty, along with new connectivity and safety features, will help lift sales of the Picanto in the price-sensitive minicar segment.

Carlos Ghosn, the long-serving CEO who rescued Nissan from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi.

Flex Ltd. is buying automotive supplier AGM Automotive. AGM, headquartered near Detroit, supplies interior systems including overhead consoles, interior lighting, electronic components and carpet.

Lexus, Porsche top dependability study, Fiat struggle continues; PSA eyes partnership with Lotus owner Proton; BMW inks deal with Mobileye; Boost in range for VW’s e-Golf.

Workers at a Kansas City factory that supplies General Motors on Tuesday ratified their first UAW-bargained contract with a nearly unanimous vote after a three-week strike.

VW Group is in advanced talks to team up with Tata Motors as the German automaker takes another stab at India’s fast-growing demand for cars, Bloomberg reported.

Group 1, AutoNation, Asbury, Sonic and Lithia posted improved FandI results in the fourth quarter, although the retailers gave mixed views this month on whether growth will continue.