General Motors, with more than double a typical supply of trucks, is facing the prospect of cutting production or increasing discounts, threatening to squeeze 2013 profits. Clearing away that inventory is critical.
Fuji Heavy Industries Ltd.'s Subaru unit is studying expanding its Indiana assembly plant as the Toyota affiliate seeks to boost U.S. output to curb currency losses and meet growing demand for its models.
BMW, in a major marketing shift, is renaming the next-generation 3-series coupe and convertible the 4 series to create more exclusivity and command higher prices on some of its sportiest, high-volume models.
I have some exciting personal news to share. I've been asked to help create a Super Bowl ad. How did I get so lucky? You see, Lincoln -- not the movie that everyone is talking about, but rather the brand of cars that hardly anyone talks about -- has a big plan to reinvent itself.
Asbury Automotive Group, the nation's seventh-largest auto retailer, is buying two Atlanta-area dealerships with annual revenue of $60 million for an undisclosed amount. The acquisitions of Gossett Volkswagen and Bentley Atlanta will give Asbury, of nearby Duluth, Ga., 12 stores in the Atlanta area.
Chrysler's board has established a charitable foundation in honor of CEO Sergio Marchionne to help pay for education of employees' children. Company contributions to the foundation over the next five years could total $38.15 million, the company said.
Although delinquencies have shown a slight uptick lately, dealers should appreciate that late payments are still near historic lows. Delinquencies are “defying gravity,” says Peter Turek, automotive vice president for TransUnion’s financial services business unit.
Evonik Industries has completed repairs to its CDT feedstock plant in Marl, Germany -- less than eight months after a fatal explosion and fire there created a global shortage of the nylon 12 resin used in many plastic auto parts.
The market share for nonprime, subprime and deep subprime lending for new vehicles expanded 13.6 percent in the third quarter over the same period a year ago, according to a report by Experian Automotive.
Management buy-in is the key to success in selling extended-service contracts in the service lane, according to F&I trainer Rick McCormick. He is scheduled to conduct an Automotive News PowerTRAINING webinar today, Dec.
Nissan has hit back at Fiat for its recent criticism of the looks of the Japanese automaker's Leaf EV. “Let's face it, Fiat has not shied away from controversial styling themselves,” Nissan head of global marketing communications Simon Sproule said.
Porsche SE can't appeal a ruling saying Ferdinand Piech violated his duties when commenting in 2009 about options transactions carried out as part of a takeover bid for Volkswagen, Germany's highest civil court has said.