General Motors announced Wednesday that third quarter, adjusted profit for the company was $3.1 billion, led by truck sales in North America and car sales in China. The net revenue was down $500 million from the same period last year, which GM says is due to currency fluctuations, but the automaker’s profits were decidedly higher.

Automotive News reported that the profit margin was the largest for GM since its 2009 bankruptcy, even after its $1.5 billion charge to settle claims related to its defective ignition switch that resulted in 124 deaths.

The automaker posted an 11.8 percent profit margin — also its largest since 2009 — and said it would end the year above 10 percent.  Read More >

The Turkish Science, Industry and Technology ministry announced last week that it had purchased the intellectual property rights — but not naming rights — to the second-generation Saab 9-3 that was most recently produced by National Electric Vehicle Sweden, according to Digital Trends.

According to the ministry, the car will be produced with 85 percent of its materials coming from the country, and will sport a face from the defunct Cadillac BLS.

The Swedish car company, who owns most of the shuttered Saab, sold the rights to the Turkish government after it stopped producing the all-electric Saab in 2014. The new car will be powered initially by some engine, according to the report, with the ministry working with NEVS to make an electric powertrain.

Read More >

Volvo announced Thursday that it would make an all-electric car available by 2019 and offer more plug-in hybrid versions of its cars sooner, starting with the S90. Volvo already sells a plug-in hybrid version of its XC90 SUV.

The automaker’s announced plans follow news that it would make a compact crossover by 2018, likely called the XC40, which would eventually share the same architecture as its V40 and V40 Cross Country.

According to the automaker, Volvo expects 10 percent of its sales by 2020 to be of electric cars. The automaker reported 465,000 sales in 2014.

Read More >

As Opel begins its retail roll out of the new Astra across Europe, some enterprising spy shooters have found the Opel’s Chinese-market twin wearing Buick tri-shields and Verano GS badging.

And holy shit, this is about to get very, very confusing.

According to Autohome, the Verano GS — marketed as Buick Weilang GS in China — is expected to be revealed at the Guangzhou Auto Show with GM’s 169 horsepower, 1.5-liter turbocharged engine and 7-speed dual-clutch automatic transmission. The same engine will be used in North America in the new Malibu, albeit with a six-speed automatic transmission.

Now before you get too excited about those GS badges, it may not mean what you think it means, at least in this case.

Read More >

Twelve countries, including the United States, reached an agreement Monday on an historic trade agreement that could economically tie together more than 400 million people in Asian Pacific and American countries. The pact would cover trade for wide ranging products, from rice to pharmaceutical drugs to cars.

The Trans-Pacific Partnership, which negotiators have been working on for eight years, would thaw trade relations among countries included in the regional zone, including Japan and the United States. For automakers in both countries, the tentative deal includes provisions for Japanese automakers to (eventually) bring light-duty trucks to the U.S. For American automakers, part of the proposed agreement included a side deal between America and Japan to allow access for U.S. automakers to traditionally closed Japanese markets.

The agreement faces an uphill battle to get congressional approval; House Republicans and presidential candidates already have roundly dismissed the deal.

Read More >

A possible partnership deal between North American countries and Pacific countries may include provisions to penalize Asian governments for not opening up their markets enough for U.S. automakers, Bloomberg reported.

According to the report, negotiators are close to concluding talks regarding automobiles, which has been a contentious point during the talks. The CBC reported that talks in Atlanta were at a critical stage over pharmaceutical drugs, and any eventual deal may be delayed by an upcoming G20 meeting in Turkey.

Talks regarding automobiles have been focused on sourcing local content for each car. North American Free Trade Association rules mandate that cars made within the zone have 62.5 percent of its content sourced within the zone. Asian manufacturers have pressed for lower standards for sourced content in a bid for reduced manufacturing costs.

Read More >

While working on a story about some very old cars, I stumbled upon something relevant to the latest big story in the automotive world.

I ran into a Model T collector who’s also a powertrain engineer for Ford. Seizing the opportunity, I asked him if he could tell me what he was working on (sometimes they say no). He said that he was responsible for developing computerized engine controls. Because of that expertise, I started to ask him some questions about the software program that Volkswagen apparently used to cheat on the EPA’s diesel emissions testing.

What he was willing to say and what he wouldn’t say intrigued me. Read More >

Officials in New South Wales, Australia are banning UberX cars from their roads for three months after failing to prosecute their drivers, the Sydney Morning Herald reported.

Authorities charged 24 drivers with violating the state’s taxi laws, saying the UberX car-sharing service couldn’t properly monitor and vet its 4,000 drivers in Sydney. Those charges were dropped due to “evidentiary issues” and the drivers avoided fines up to $70,000.

Now the state says it’ll ban private UberX cars from the road instead. Read More >

Audi said that 2.1 million of its cars worldwide have been fitted with illegal software to help it cheat emissions tests, Reuters reported.

The automaker announced that multiple models including the A1, A3, A4, A5, A6, TT, Q3 and Q5 were affected by the “defeat device” uncovered by researchers, which is grinding Volkswagen to an unimaginable halt.

Roughly three-quarters of the affected Audis were sold in Western Europe, including 577,000 in Germany alone, according to the report. Read More >

Tesla owners always enjoyed rapid recharging thanks to the automaker’s Supercharger network. Soon, this privilege will be extended to other EVs.

Read More >

While some declare Volkswagen dead in their betrayed hearts over the recent emissions scandal, others see an opportunity for a discount on a diesel.

Read More >

While the EPA recently revealed Volkswagen’s diesels were cheating emissions tests, two newspapers learned VW was warned about cheating as early as 2007.

Read More >

Suzuki announced Saturday it will sell its 1.5 percent stake in Volkswagen to Porsche next week, finalizing the divorce between the two automakers.

Read More >

Volkswagen’s pain parade marches on, this time to Switzerland, which has temporarily banned sales of the automaker’s diesels.

Read More >

This week, Daimler, BMW, Jaguar Land Rover and Fiat Chrysler Automobiles issued statements on how their diesel cars don’t cheat like someone else you may’ve heard of.

“The BMW Group does not manipulate or rig any emissions tests,” BMW said in a statement Thursday. “We observe the legal requirements in each country and fulfill all local testing requirements.”

BMW’s admission is notable because the automakers’ X3 diesel model was targeted by the independent commission that discovered that Volkswagen’s cars illegally polluted.

Read More >