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Mazda may appeal $10 million accident verdict in Ala.

Mazda said it is considering an appeal of an Alabama jury order to pay $9.9 million to the victims of a 2010 crash that resulted in a fuel-fed fire, injuring the driver and killing the only passenger. Read More »

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Group 1 slows acquisition pace

Put off by high prices for dealerships and unacceptable returns, Group 1 Automotive will slow its acquisition pace in the near term, CEO Earl Hesterberg said today. Read More »

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Toyota claims 'healthy' supply of replacement airbags

Toyota has a “healthy” supply of replacement parts that should allow dealers to move forward with repairs required by the widening recall of airbags made by supplier Takata, said Bob Carter, senior vice president of the automaker’s U.S. sales unit. Read More »

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GABE NELSON:

Why Honda is venturing into Oculus' virtual world

From the back seat of an Acura MDX, I peered out at a stone house on a cliff, fields of wind-swept grass and blue butterflies close enough to touch. All of it was a mirage. In reality, I was in the parking lot of the Honda Silicon Valley Lab in Mountain View, Calif. Read More »

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Audi will recall 850,000 A4 cars globally over airbag problems

Audi will recall 850,000 A4 models worldwide due to airbag problem that could prevent front airbags from deploying. Audi said its faulty airbags are not made by Takata, which is at the center of a growing number of U.S. airbag recalls. Read More »

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GM posts $1.38 billion Q3 net income on flat revenue

General Motors' third-quarter net income rose to $1.38 billion, as stronger pricing in North America and record China sales helped offset weak demand in Russia and other troubled overseas markets. Read More »

Autoliv lowers sales outlook but says Takata woes are helping its business

Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags. Read More »

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Land Rover production will continue to boom in UK despite new China plant

Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is also built. The Evoque is the first model produced in Jaguar Land Rover's new factory in Changshu, northwest of Shanghai. Read More »

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Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut

In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car. Read More »

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First Shift: GM earns $1.38 billion

Stronger pricing helps in Q3; Honda appoints quality czar amid Fit recalls; NHTSA apologizes; Chrysler's Boomer booster. Read More »

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EU will allow car emissions into carbon trading market

The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases. Read More »

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Marchionne invests more of his own money in Fiat Chrysler

Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker. Read More »

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Nissan expands Takata airbag recall by 260,000 units worldwide

Nissan today expanded a global recall of cars using Takata-made airbags, which have been linked to four deaths in Honda cars. Read More »

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Lotus names Carr as new design chief

Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car maker. Coco, one of a number of star hirings made by former CEO Dany Bahar, will be replaced by the carmaker's current design manager, Russell Carr. Read More »

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Hyundai's third-quarter profit falls 29% on firmer currency, sluggish sales

Hyundai posted a 29 percent decline in third-quarter net profit, the steepest drop in at least six quarters. The automaker was hit by slowing sales growth and a stronger local currency but expects earnings to bounce back in the fourth quarter. Read More »

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Daimler third-quarter profit rises as Mercedes sales expand

Daimler reported a 21 percent increase in third-quarter profit. The Mercedes cars division's profit widened to 8.5 percent of revenue, the highest in more than two years, helped by fresh product. Read More »

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NHTSA apologizes for mishandling Takata airbag recall information

The National Highway Traffic Safety Administration's top official apologized late Wednesday for publishing inaccurate information in its Monday warning about defective Takata airbags that may explode and for technical glitches that made its recall search page unavailable for much of the week. Read More »

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First Shift: Urgent warning on airbags

U.S.: Act immediately on recalls; Toyota exec backs Takata; Daimler sells Tesla stake; Viper plant to reopen; SEMA preview. Read More »

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CHRISTIAAN HETZNER:

Why Daimler doesn't share investors' love affair with Tesla

Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. Daimler sold its 4 percent Tesla stake for $780 million. Read More »

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Dealers fume over new Edmunds videos that spoof price haggling

New YouTube ads from Edmunds.com have provoked a backlash. Some dealers say the four videos perpetuate stereotypes of dealers as unscrupulous bargainers. Edmunds says the ads are simply spoofs intended to show that customers dislike haggling. Read More »

U.S. prosecutors probe Takata over recalls

The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls. Read More »

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GABE NELSON:

Three factors in Daimler's $780M sale of Tesla stock

When Mercedes-Benz parent Daimler disclosed it had sold its 4 percent stake in Tesla Motors for a handsome $780 million, people naturally rushed for a simple explanation. Read More »

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UAW eyes bargaining rights at VW's Tenn. plant within a year

The UAW hopes to be recognized as the exclusive bargaining agent for workers at Volkswagen's assembly plant in Chattanooga within a year, union President Dennis Williams said Wednesday. Read More »

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Toyota says potential Mexico plant still far from approval

Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management. Read More »

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AutoNews Now: Toyota, rivals tackle hacking

Consortium to focus on firewalls; airbag warning; BMW to lower Mini Cooper MPG; F-150 good for coffee, shotgun shells. Read More »

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Has the Hyundai Sonata lost its mojo after redesign?

The revamped Sonata sedan was supposed to help Hyundai Motor Co. reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market. Read More »

List of 7.8 million vehicles involved in the Takata airbag recalls

Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration. Read More »

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BMW to lower mpg ratings on 4 Mini Cooper models

BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today. The EPA completed a fuel economy audit on the Mini Cooper and found actual mpg lower than the figures BMW submitted for certification, a statement said. Read More »

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Gentex reports 30% surge in Q3 net income

Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent. Read More »

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Delphi explores sale of thermal unit for as much as $1 billion, report says

Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg. Read More »

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Sonic learns the importance of paperwork, staffing

In launching its One Sonic-One Experience initiative, Sonic Automotive had the technology, the store and the full attention of its top management committed to making it work. What it didn't have, in the finance and insurance office, were enough document specialists. Read More »

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Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs. Read More »

Anderson named CEO at Exeter Finance

Subprime auto lender Exeter Finance Corp. named Thomas Anderson its CEO, succeeding Mark Floyd, who will continue to serve on the company's board of directors. Read More »

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Huntington, Fifth Third, Capital One target prime-risk auto loans

Some big banks in auto lending are responding to tougher competition by zeroing in on prime-risk loans. Huntington Bank and Fifth Third Bank are restricting lending to prime contracts only. In contrast, Capital One is controlling prime-risk costs as part of a broader lending strategy. Read More »

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JAMES B. TREECE:

Why loan length doesn’t matter

There’s another reason not to fret over longer new-car loans: The numbers can be misleading. Read More »

Consumer Portfolio grows, staffs up for tax-refund season

Consumer Portfolio Services increased auto originations 35 percent in the third quarter to $279.3 million, aided by a slowdown in subprime loans at competing lenders. Read More »

F&I TIP:

Embrace Gen Y's pride in exclusivity

To sell to Gen Y customers who think of themselves as unique, Gen Y consultant Jason Dorsey recommends F&I managers practice saying: “You have a unique situation. I'm going to get you something special that's one of a kind.” Read More »

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CHRISTIAAN HETZNER:

Why Daimler doesn't share investors' love affair with Tesla

Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million. Read More »

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Valeo's third-quarter sales rise 10% on fuel-saving technologies

French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies. Read More »

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Italy's Sogefi reports nine-month net loss of 5.8 million euros

Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company. Read More »

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PSA's third-quarter auto revenue drops despite pricing push

PSA/Peugeot-Citroen's group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its manufacturing arm. The company raised its full-year car-market forecast for Europe. Read More »

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Fiat's Wall Street trading is flat as Milan dominates

Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S. Read More »

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Daimler's surprise sale of Tesla stake fuels rivalry speculation

Daimler's decision to sell its 4 percent stake in Tesla Motors surprised investors and fueled speculation of a growing rivalry in the increasingly competitive electric car market. Read More »

Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

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