Tesla is in the game to make money with its $35,000 Model 3, due out in late 2017, but that claim was recently disputed by an industry insider.

Jon Bereisa, an electric vehicle engineering consultant (and former General Motors systems architect responsible for the Chevrolet Volt), said recently that the Model 3 needs to be much more expensive for Tesla to break even, according to StreetInsider (via Electrek). (Read More…)

It just posted its largest loss ever and is up to its eyebrows in scandal-related expenses, so what’s an automaker to do when the hands come out asking for more?

That’s the situation in Wolfsburg, Germany, where the scandal-rocked Volkswagen and its workers’ labor union find themselves engaged in an uncomfortable dance, according to Automotive News Europe.

The union, IG Metall, says the automaker’s diesel emissions scandal is no excuse for holding back raises to its 120,000 staff members, and Volkswagen says, “What? Sorry, can’t hear you — we’re driving into a tunnel…call back later.” (Read More…)

You can’t get your hands on the gear-iest transmission in the land without throwing some money around first.

Ford Motor Company announced today that it will spend $1.4 billion to produce their new 10-speed automatic for future F-150s, and invest $200 million into large truck production at its Ohio Assembly Plant. (Read More…)

“Clean up the place when you’re done with it, and don’t even think of offering ‘hourly rates’ while you have it. This is a respectable car.”

Adds like this could start popping up from new Mini owners if the quirky automaker has its way, Automotive News Europe reports.

Mini plans to offer devices on its models that allow the owner to rent out their vehicle to other drivers, providing some cash for themselves and a Mini experience for non-owners.

Peter Schwarzenbauer, the BMW Group executive in charge of Mini, seems very excited about the technology, telling Automotive News that the system will be “kind of like Airbnb on wheels.” (Read More…)

Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.

First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). (Read More…)

Mitsubishi’s fuel economy scandal blew up yesterday after the automaker admitted it has issued misleading mileage data since C+C Music Factory was at the top of the charts.

The scandal that started with inflated mileage numbers on a single minicar one week ago now extends to all Japanese market Mitsubishi vehicles sold over the past quarter century. Reuters is reporting that the automaker compiled fuel economy data using U.S. standards, rather than the Japanese standards that factor in much more city driving. (Read More…)

After Volkswagen announced last week that it would cut dividends by 97 percent due to the financial fallout of the diesel emissions scandal, there’s a ray of light for those who have shares in the company’s owner.

Porsche Automobil Holding SE, the investment vehicle of Volkswagen AG’s ultra-wealthy owner family, said it will front the cash to allow shareholders a bigger return, according to Bloomberg. (Read More…)

Will Volkswagen TDI owners who opt for a buyback be soured on the brand, or can they be lured into a new model?

It’s a big question for dealers, who could stand to benefit from the dealership traffic they’ll see when Volkswagen’s buyback program gets up and running later this year. (Read More…)

Honda’s Chinese subsidiary is proud of the upcoming Acura CDX compact SUV, as it’s the first Acura designed for, and built in, that expanding car market.

Based on the Honda HR-V, the CDX tries to erase all signs of its body donor’s identity. Among other things, the new model adds shapelier flanks, conventional rear door handles, Acura’s new corporate diamond grille, and taillights that align with the brand. (Read More…)

The Dodge Journey often finds itself the butt of jokes and scornful taunts, like here, or here, but all laughs fade away eventually, and besides, Fiat-Chrysler’s archaic crossover is due for a platform swap this fall.

Not so fast.

An anonymous FCA source just told Automotive News that the Journey won’t shed its dated platform as planned, and might soldier on with its old bones for another two years — at least. (Read More…)

Volkswagen unveiled a full-size SUV concept vehicle in Beijing that looks awfully production ready.

The T-Prime Concept GTE introduced at that city’s annual motor show previews the design direction of Volkswagen’s future SUV, revealing an emphasis on elegance and sportiness.

Last week, Volkswagen teased a photo of the concept alongside a list of specifications, leading us to speculate that the vehicle could become a future Touareg. Now, the automaker claims it will offer a vehicle similar to the concept as a new entry in an expanded SUV lineup. (Read More…)

The refreshed Lexus IS bowed today at the Beijing Motor Show, presenting an even hungrier face than before.

Lexus kept the well-defined proportions of the entry-level sedan intact, but went to town on the front end. The corporate spindle grille now sports a higher cinch point and spacetime-bending three-dimensional mesh. (Read More…)

If 1958 wasn’t the peak of automotive glitz and excess, it was damn close to it.

American automakers, emboldened by a never-ending postwar buying spree, heaped more chrome and new technology onto their models that year than ever before. Uplevel models — Lincoln, Buick and Olds, especially — were the worst offenders, somehow managing to make themselves look 1,000 pounds heavier than their tasteful ’57 predecessors. (Read More…)

Like an unoccupied Dodge Charger stuck in “Drive,” Fiat Chrysler Automobiles’ gear selector controversy was rapidly building momentum before yesterday’s announcement.

Responding to numerous instances of runaway vehicles and an expanding National Highway Traffic Safety Administration investigation, FCA voluntarily recalled 811,586 vehicles in the U.S. and 52,144 in Canada, and a further 265,473 in Mexico and overseas. (Read More…)

There’s happy faces inside the Renaissance Center today.

General Motors saw its first-quarter pretax profit rise 28 percent, despite continuing trouble in foreign markets, Automotive News has reported.

A net income of $1.95 billion means investors will reap $32.66 a share, a 1.5 percent increase. Revenue was up four percent in the first quarter, at $37.27 billion. (Read More…)