News - Auto News

Pruitt defends decision to ease fuel economy standards

The EPA's proposal to reset fuel economy standards for model year 2022-25 vehicles will be heavily motivated by consumer demand, administrator Scott Pruitt told a House panel Thursday.

Group 1 Q1 net rises on U.S. sales growth

Group 1 Automotive's first-quarter net income rose 5.5 percent on improving business conditions in the U.S. oil patch, along with the recent U.S. tax cut.

CDK's net jumps 24 percent on strong DMS growth

CDK Global's net jumped 24 percent to $96.1 million for the quarter ended March 31, on strong earnings from North American and international subscription services.

Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion

Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt.

Visteon Q1 net income rises 3.2 percent on China gains

Visteon said its first-quarter net income rose 3.2 percent to $65 million, as strong gains and product launches in China offset a dip in North American sales.