News
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Today at The Auto Wire: Full Recap (September 25, 2026)
Everything The Auto Wire published on September 25, 2026: Volkswagen’s Porsche write-downs, a 208,724-SUV steering recall, Credit Acceptance’s $694 million settlement, and more.
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BYD Already Has an American Factory. Washington Wrote a Law Around It.
BYD has built buses in California for over a decade. Congress still wrote it out of federal transit money. That precedent explains why Michigan wants the Chinese-car ban in statute, not just a rule.
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Volkswagen Has Marked Down Porsche by €9 Billion in a Year. The 1% Forecast Is Just the Receipt.
Volkswagen’s 1 percent profit forecast is really about a €6 billion Porsche goodwill write-down, its second in a year, and a China market that is not coming back.
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Group 1’s $1.25 Billion Bond Sale Is a Down Payment on Atlanta Luxury Dealerships
Car dealers usually talk about financing in terms of monthly payments and “what would it take.” Group 1 Automotive just did the institutional version. It borrowed $1.25 billion from bond investors, and it has a very specific shopping list. The Houston-based retailer closed the offering on September 22. It’s split into two equal pieces: $625…
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Volkswagen Just Wrote Off €6 Billion of Porsche. The 911 Is the Only Porsche Still Growing.
Volkswagen’s roughly €6 billion Porsche write-down isn’t a verdict on the 911. It’s the bill for a China, SUV and EV growth story that stopped paying off.
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Walser Brings Ford Back After 20 Years. Ford Had Less Say in It Than You’d Think
Walser’s largest acquisition returns Ford to its lineup after 20 years. The bigger story is how little control Ford had over the sale.
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Bosch’s €270 Million EV Write-Down Explains Nearly All of Its Margin Drop
The world’s largest auto supplier just admitted that some of its factories are ready for a future that’s running late. Bosch’s first-half 2026 results show group sales up 3.6 percent to €46.4 billion. EBIT from operations slipped to €2.2 billion from €2.3 billion, and the operating margin fell to 4.6 percent from 5.1 percent. Bosch…
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Prosecutors Say a Drugged Driver Killed Two People on an LA Bus. Three More Died Covering the Crash, and She Isn’t Charged for Those. Yet.
Bailee Lynn Rios faces two second-degree murder counts in the Chatsworth Metro bus crash. Whether she’s charged for the three NBC4 helicopter deaths depends on what the NTSB finds.
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The Plant That Built Every Modern Dodge Challenger May Soon Build Armored Trucks. Canada Already Paid $222 Million Expecting Jeeps.
Stellantis signed an MOU to sell its idled Brampton Assembly Plant, where the Challenger, Charger and 300 were built, to armored vehicle maker Roshel. Ottawa already paid about $222 million toward the plant’s future.
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The Steering Bolt Broke on Another Continent. Volkswagen Recalled 208,724 American SUVs Anyway.
Volkswagen is recalling 208,724 Atlas, Tiguan and Audi Q3 SUVs over a steering rack bolt that can corrode and snap. Not one failure has been reported in North America. Why these SUVs are in the campaign at all says more about shared-parts engineering than it does about the bolt.
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Flock Can Build the Cameras. It Can’t Build the Roadside.
Florida and Texas did not ban plate-reading cameras. They pulled the roadside permits and public money Flock depends on, and the company is now offering buyouts.
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Credit Acceptance’s $694 Million Deal Is 91% Canceled Debt: What Utah Borrowers Get
Subprime car lending runs on one uncomfortable assumption. Some borrowers won’t finish paying, so the math has to work anyway. Forty state attorneys general just argued that Credit Acceptance Corporation’s math worked a little too well for the lender, and Utah has put a number on its piece of the fallout. The Utah Department of…
