Rendering Reveal: First Look at the Petersen Auto Museum’s Big Interior Makeover

Rendering Reveal: First Look at the Petersen Auto Museum's Big Interior MakeoverA year ago, the Petersen Automotive Museum on the Miracle Mile released makeover plans showing a zippy new exterior wrapped in stainless steel ribbons; now they're finally getting around to showing us how the insides will look after the…

Lear nears deal to buy Eagle Ottawa for more than $800 million: WSJ

The sign in front of the headquarters of Lear Corp., an auto parts maker, is seen in Southfield, Michigan(Reuters) – Lear Corp, a maker of auto seats and electrical power systems, is nearing a deal to buy Eagle Ottawa LLC, a supplier of premium automotive leather, for more than $800 million, the Wall Street Journal reported, citing sources familiar with the matter. A deal for Eagle Ottawa, owned by Milwaukee-based investment firm Everett Smith Group Ltd, could be announced in the next couple of weeks, the report said. ( Both Lear and Eagle Ottawa were not immediately available for comment. …

Florida lawyer among dead in Bahamas plane crash

Rescue workers carry from a boat to a hearse the body of one of the victims of a small plane that crashed in East Grand BahamaA small plane crash in the sea off the island of Grand Bahama on Monday killed Ormond Beach lawyer R. Michael Kennedy, who worked for a travel services company, according to a Florida newspaper. Kennedy's brother told the Daytona Beach News-Journal that he was notified of the death by the Bahamian government late Monday afternoon. Mark Kennedy also told the newspaper that three other Daytona Beach-area business executives were on board, including one who worked in the time-share industry. Bahamian police said there were no survivors when the plane went down on its way to Grand Bahama International Airport near Freeport.

China antitrust regulator fines two Japan auto parts makers

Red flags flutter next to a national emblem and a national flag of China on top of the Great Hall of the People, which is the venue of the closing ceremony of the CPPCC, in BeijingTwo Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector. Earlier this month, the National Development and Reform Commission (NDRC) said the government had completed investigations into 12 Japanese auto parts makers and was preparing to hand out punishment according to the law. Sectors from autos to pharmaceuticals have come under the spotlight as China seeks to tighten compliance with anti-monopoly laws. NSK Ltd said the regulator issued a 174.9 million yuan ($28.5 million) fine over unspecified violations of the China's antitrust law.

Look, no hands! Test driving a Google car

Google self-driving car team poses in Moutinain View, CaliforniaBy Paul Ingrassia MOUNTAIN VIEW Calif. (Reuters) – The car stopped at stop signs. It's actually high praise for the car in question: Google Inc.'s driverless car. Most automotive test drives (of which I've done dozens while covering the car industry for nearly 30 years) are altogether different. This test drive, in contrast, took place on the placid streets of Mountain View, the Silicon Valley town that houses Google's headquarters.

Three-wheeled Elio gets closer to going on sale

The Elio, a three-wheeled prototype vehicle, is shown in traffic in Royal Oak, Mich., Thursday, Aug. 14, 2014. Instead of spending $20,000 on a new car, Paul Elio is offering commuters a cheaper option to drive to work. His three-wheeled vehicle The Elio will sell for $6,800 car and can save on gas with fuel economy of 84 mpg. (AP Photo/Paul Sancya)ROYAL OAK, Mich. (AP) — Your next commuter car could have two seats, three wheels and get 84 miles to the gallon.

Falling U.S. used-car prices will drive up new-car incentives

Cars wait at a stoplight a morning commuter crosses the street in Times Square in Manhattan in New YorkTo achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc. TrueCar estimates used-car prices will drop 5.2 percent by 2017, while new-car incentives, now at about $2,700 per vehicle, will rise about 11 percent over the next two years to nearly $3,000. The National Automobile Dealers Association forecasts a nearly 7 percent decline in the average used-car price to just under $15,000 in 2016 from $16,025 in 2014. Meanwhile, new-car prices are rising because of the popularity of pricey features and more-expensive vehicles. U.S. new-car sales averaged 16.7 million vehicles annually in the decade that ended in 2007, but they skidded to 10.4 million in 2009.