Daily Email Friday

Ford's Q3 pretax operating profit falls 54% to $1.18B

7:06 am U.S. ET | Oct. 24, 2014
Ford's third-quarter pretax operating profit tumbled 54 percent from a year earlier to $1.18 billion, hurt by lower sales volume and higher warranty costs. Net income was $835 million, down 34 percent, Ford said in a statement today.... Read More »

 

Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.... Read More »

 

Delphi Q3 profit rises on higher demand in Asia, North America

7:39 am U.S. ET | Oct. 24, 2014
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America.... Read More »

 

GM Financial faces government, state probes over subprime loans, securities

5:49 pm U.S. ET | Oct. 23, 2014
GM Financial disclosed Thursday it is being investigated by “state attorneys general and other governmental offices” in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities.... Read More »

 

NHTSA's botched airbag recall leaves car owners in dark

6:12 pm U.S. ET | Oct. 23, 2014
NHTSA botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk.... Read More »

 

Toyota sells some Tesla shares, report says

5:53 pm U.S. ET | Oct. 23, 2014
Toyota has sold some of its shares in Tesla Motors, the Nikkei financial newspaper reported.... Read More »

 

AutoNation signs on to sponsor college bowl game

5:16 pm U.S. ET | Oct. 23, 2014
AutoNation will become title sponsor of a new college football bowl game that will raise money for breast cancer research.... Read More »

 

Toyota's ad agency will join move to Texas

5:30 pm U.S. ET | Oct. 23, 2014
Toyota's Los Angeles-based U.S. advertising agency is following its longtime client to Dallas in a bid to prolong their nearly 40-year relationship.... Read More »

 

JAMES B. TREECE

In praise of the Best Dealerships To Work For

3:07 pm U.S. ET | Oct. 17, 2014
The stores honored this week as the Best Dealerships To Work For retain employees at a rate that puts the industry to shame.... Read More »

 

IAC opens 2 plants in China

1:16 pm U.S. ET | Oct. 17, 2014
International Automotive Components, the interior auto parts supplier formed from other companies including Lear's interiors business and the assets of the bankrupt Collins & Aikman, opened two plants in Changshu, China, this week.... Read More »

 

Repairs on Corvette-swallowing sinkhole to begin in Nov.

2:55 pm U.S. ET | Oct. 17, 2014
Construction to fill the massive sinkhole that in February swallowed eight Corvettes at the National Corvette Museum in Kentucky is scheduled to begin November 10, the museum said.... Read More »

 

Top GM lawyer Michael Millikin, blasted during Congress' recall hearings, to retire

12:20 pm U.S. ET | Oct. 17, 2014
GM's top lawyer, Michael Millikin, 66, is retiring three months after he withstood withering criticism by lawmakers for his department's handling of GM's deadly ignition switch defect. The company said it will begin an immediate external search for his replacement.... Read More »

 

Fourth U.S. traffic death linked to Takata airbags

12:05 pm U.S. ET | Oct. 17, 2014
A fourth traffic death in a Honda car has been linked to a defective airbag made by Japanese supplier Takata, according to a county medical examiner in Florida.... Read More »

 

Tesla blasts Michigan bill as 'raw deal'

2:31 pm U.S. ET | Oct. 17, 2014
Tesla says it's getting a “raw deal” in Michigan and is speaking out on a bill that would block its direct-sales model in the state -- and prevent it from operating a gallery. The bill cleared Michigan's legislative chambers October 2 and is awaiting the signature of Governor Rick Snyder.... Read More »

 

Dodge 'Scat Pack' trim revival resurrects 1968 trademark dispute

11:33 am U.S. ET | Oct. 17, 2014
Dodge's attempts to revive its muscle car-era “Scat Pack” trims may have stepped in it in the process. Chrysler Group is being sued by a California aftermarket company for infringing on its nearly 50-year-old “Scat” trademark on the Dodge Challenger and other vehicles.... Read More »

 

2015 Mercedes S-class coupe wraps high-tech, high luxury in modern package

1:44 pm U.S. ET | Oct. 17, 2014
The 2015 Mercedes-Benz S-class coupe embodies the automaker’s new design philosophy of modern luxury, says Gorden Wagener, the brand’s design chief.... Read More »

 

Infiniti set to name CP&B as its global advertising agency, report says

1:17 pm U.S. ET | Oct. 17, 2014
Infiniti is set to tap Crispin Porter + Bogusky as its global advertising agency after a drawn-out review, people familiar with the matter told Advertising Age, an affiliate of Automotive News.... Read More »

 

Kia scores LeBron James as first 'luxury ambassador'

4:48 pm U.S. ET | Oct. 16, 2014
NBA superstar LeBron James, following his high-visibility return to the Cleveland Cavaliers this season, has signed on with Kia Motors America as its first luxury ambassador.... Read More »

 

Five technologies auto suppliers can bank on, analyst says

3:58 pm U.S. ET | Oct. 10, 2014
The next six years will be boom times for suppliers with the right technology. LED front lights, telematics, cameras, radar and lithium ion batteries are five technologies that will enjoy the biggest growth in global sales through 2020, predicted Itay Michaeli, Citigroup Inc.'s automotive research director.... Read More »

 

Mercedes recalls 10,500 C-class cars in U.S. for steering issue

6:52 am U.S. ET | Oct. 10, 2014
Mercedes-Benz is recalling more than 10,500 C-class sedans in the United States from the 2015 model year because a production error causes steering wheels to squeak and resist turning.... Read More »

 

Michigan truck driver files coercion claim against UAW

2:32 pm U.S. ET | Oct. 10, 2014
A truck driver in Michigan filed a charge of coercion against the UAW for keeping her from exercising her right to quit the union and stop paying dues, according to the National Right to Work Foundation.... Read More »

 

Pickups defy fall in used-vehicle prices

1:59 pm U.S. ET | Oct. 10, 2014
In September, overall used-vehicle prices fell for the fifth month in a row, but prices of used pickups rose sharply. It’s all part of a healthy overall market, said Tom Webb, chief economist at auction giant Manheim.... Read More »

 

NADA economist doubts sales over 17 million will last

1:09 pm U.S. ET | Oct. 10, 2014
New light-vehicle sales will top 16 million units annually in the United States at least until 2018 but won't reach the heights some forecasters -- and automakers -- are anticipating, predicted Steven Szakaly, chief economist of the National Automobile Dealers Association.... Read More »

 

HANS GREIMEL

Crash recorder video craze hits Japan

11:45 am U.S. ET | Oct. 10, 2014
Count Japan as the latest entrant to the dash cam craze. Across the country, drivers are uploading and swapping video footage taken through their vehicle crash data recorders.... Read More »

 

Ford says new plants, models to boost China sales after Sept. dip

11:16 am U.S. ET | Oct. 10, 2014
Ford said it expects to boost sales in China once new assembly facilities come online and new vehicles hit showrooms in coming months, after posting its first dip in China monthly sales this year.... Read More »

 

Special Report
How #1 store scores with employees

How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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