After acquiring the five-dealership Pioneer Centres group in December, Kuni Automotive foresees its biggest year ever in 2012. Revenues should jump from around $600 million in 2011 to more than $800 million, CEO Greg Goodwin said.
Given the recent rise in fuel prices, does President Barack Obama have cause for concern in the coming election? Well, 71 percent of Americans says gasoline prices are an "extremely" or "very important" issue to them, up from 65 percent from only two months ago, according to GfK Roper.
Backed by large oil reserves and a population bigger than Saudi Arabia's, Iraq is attracting global automakers such as General Motors, Ford and Volkswagen. VW forecasts industrywide sales in the country to rise by a third this year.
When foreign automakers refer to their Chinese "partners," they are not using the word in its real sense. But when and Geely announced a technology partnership, we had good reason to believe they truly meant it. Why? Let's start off by considering rival partnerships.
The Korea-built Spark that debuts in the United States in July will be the smallest Chevrolet ever sold here. It's so small that Chevy executives say they are having a hard time forecasting sales volume for the car.
Look closely at the dealership groups that made significant gains in the latest annual Automotive News ranking of the top 125 dealership groups in the United States, and you'll find two common themes: dealership acquisitions, and brands such as Kia that are strong in small vehicles.
Ford is trying to move the facelifted 2013 Taurus upmarket. The company is counting on the top-of-the-line SHO version to win customers who normally would buy performance sedans from BMW, Audi or other luxury brands.
Ford promoted longtime company executive Curt Magleby to the post of vice president of U.S. governmental affairs in Washington. Magleby replaces Pete Lawson, who had taken the job at Ford three years ago and is leaving to start his own consulting firm.
The U.S., in a victory for suppliers Accuride and Hayes Lemmerz, on Monday set large punitive duties on imports of steel wheels from China that the government said were unfairly priced and subsidized. It is the latest sign of trade tension between the world's two biggest economies.
Toyota is churning out a meager 6,000 units a month of its Prius C small hybrid for North America because of supply constraints and soaring demand in Japan. But more cars should be on their way by midyear.
TrueCar, aiming to repair relations with dealers nationwide, tapped the former head of the South Carolina Automobile Dealers Association to fill the newly created post of vice president of industry relations.
He grew up the son of a prominent car dealer, but Chadwick Martin had dreams of becoming an entertainment lawyer or an agent. But in 2006, the death of his father, Cornelius, in a motorcycle accident changed everything.
When financially strapped Ford sold its controlling stake in Mazda in 2008, Mazda executives trumpeted the company's release from U.S. ownership. But the sweet taste of freedom turned bitter. Today CEO Takashi Yamanouchi's small, export-reliant company faces a fourth straight year of losses.
The 13-year-old partnership of Renault SA and Nissan Motor Co. is widely seen as the most successful alliance among automakers. That track record gives Renault-Nissan CEO Carlos Ghosn credibility as an expert on joining companies.
A ruling by a British arbitration panel appears to negate more than 300 Mahindra franchises across the United States by pronouncing the contract between Mahindra & Mahindra Ltd. and Global Vehicles U.S.A. terminated.
The legal battle by U.S. dealers franchised to sell Mahindra pickups hit another obstacle when a federal judge in St. Louis tossed out their breach-of-contract suit against the Indian manufacturer. The suit against Mahindra & Mahindra Inc. will be refiled in Georgia, said Melissa Zensen of St.
Porsche AG will build a plug-in hybrid version of the Panamera sedan starting in 2014, sources familiar with the situation said last week. The plug-in hybrid likely will come to the United States, but the timing is unclear, a source said.
Is your dealership a great place to work? Automotive News wants to hear from you. Automotive News is working with Best Companies Group to identify dealerships in the United States and Canada that have excelled in creating quality workplaces for employees.
Carlos Ghosn says the need to invest in new technology and operate on a global scale will keep pushing companies into alliances like the one announced recently by General Motors and PSA Peugeot Citroen.
Two rejected Chrysler dealerships that won their arbitration cases in 2010 are closer to a trial date in their lawsuit against the automaker. In a March 9 ruling, U.S. District Court Judge Leonard Wexler denied a Chrysler motion seeking dismissal of the dealerships' complaint.
Dealer Shaun Del Grande is tapping the power of YouTube to reach Web-savvy auto shoppers in Silicon Valley. More than 1,000 videos shot and edited in-house are posted on his Del Grande Dealer Group's YouTube pages, with hundreds more on the way.
The replacement for the Jeep Liberty will be powered by a smaller-displacement version of Chrysler Group's 3.6-liter V-6, two sources say. The Liberty replacement will have a 3.2-liter version of the Pentastar V-6.
A larger, more powerful V-6 engine will be the centerpiece of an upscale Denali version of the 2013 GMC Terrain crossover, General Motors said last week. The 2013 Terrain goes on sale this fall. Pricing has not been announced.
General Motors said last week that Buick's new 24-month leases are an effort to boost the brand's lease penetration to the levels of luxury-brand rivals. Until last week, the shortest Buick lease term was 36 months.
No one has ever accused me of being nearsighted, but I am more and more surprised that the auto companies continue to try and mask their identity. I noticed it again during the Geneva motor show Keith Crain is editor-in-chief of Automotive News.