Some experts say that attempts to sell extended-service contracts in the service lane will likely fail if service writers steer customers back to the F&I office. But Mike Casisa, finance director at Southern Chrysler Jeep-Greenbrier in Chesapeake, Va., says his store is an exception.
Starting March 1, the state of Georgia is expected to implement a new tax that auto lenders complain would put a higher tax burden on cars acquired through a lease than on vehicles purchased using a loan or cash.
The South Carolina Court of Appeals has tossed out a $19,963 judgment against a Nissan store, finding no bad-faith violations of the state dealer law in the financing and repossession of a used car. Dick Smith Nissan in Columbia, S.C.
Global sales of Jeep-branded vehicles reached a record 701,626 units in 2012, despite the elimination of one nameplate. The global sales figure topped the brand's previous record of 675,494, set in 1999, and was a 19 percent gain over 2011.
John K. Teahen Jr., who was born a week before Automotive News' founding in 1925 and became a pillar of the publication through six decades of writing and editing, died Tuesday, Jan. 8, after a long illness. He was 87. His first byline appeared in Automotive News on Nov. 14, 1955.
GM is in discussions with the UAW on offering lump-sum pension payouts to hourly retirees in the United States. GM CEO and Chairman Dan Akerson made a comment on the discussions at a briefing with reporters today at the company's headquarters in Detroit.
The hardest job in a dealership this year will be selling finance and insurance. Now any F&I manager reading this would laugh and say that's always the case. But fasten your seatbelt because it's going to be especially challenging this year.
When I got to Automotive News about 15 years ago, Jack Teahen and I hit it off right away. We had some things in common: Irish backgrounds; experience at the Detroit Free Press; a fondness for grammar, punctuation and syntax; and the reputation of being just a bit curmudgeonly. Who, me?
Hyundai has appointed former Russia boss Byung Kwon Rhim to head its growing operations in Europe. Rhim, 52, also has held several marketing positions within Europe and previously headed the Europe division at Hyundai's headquarters in Korea.
Kia will return to the Super Bowl with a 60-second spot in the fourth quarter featuring its 2014 Sorento crossover. The spot will be the second TV commercial in a new campaign for the Sorento, Kia's No. 2 seller last year.
Chrysler Group said its minority shareholder demanded a registration for its holdings in a step toward a possible public stock offering. Chrysler, majority owned by Fiat SpA, will comply with the demand by the UAW Retiree Medical Benefits Trust, which owns 41.
Toyota Motor Corp., for the third time in four years, led the auto industry in U.S. recalls in 2012 with 5.3 million vehicles called back, according to a review of recall data by The Detroit News. Toyota accounted for most of the 13.
I went to work at Automotive News in 1984 and soon after my arrival became the General Motors reporter. Jack Teahen was my editor. He scared the bejesus out of me. He’d grill me on details, especially related to numbers, and question whatever line GM execs fed me.
"Wow, what a grouch." That was my first impression of Jack Teahen, who was managing editor of Automotive News when I joined the newspaper as a reporter 29 years ago next month. Of course, by the end of my first week I had changed my mind completely.
Next week's Detroit auto show will demonstrate that automakers are finding ways to provide sharp looks and speed, even as cars are shrinking to save fuel. Audi may show the RS7, a high-performance version of the A7, while Chevrolet will unveil a redesigned Corvette.
Renault plans to increase local production in Turkey to take advantage of a market expected to grow slightly in 2013. The automaker aims to use as much as 92 percent of the 360,000 vehicles-a-year capacity at its Bursa plant this year, compared with almost 86 percent in 2012.
Russia's auto industry is in danger of sliding into the same overcapacity problem as the rest of Europe, analysts say. The warning comes after contract manufacturer Avtotor Holding became the latest to announce a major investment in Russian auto production.
Automakers for months have been announcing plans to add local manufacturing in Russia. The list of companies planning to increase output includes VW, Nissan and Ford. But when Russian sales unexpectedly fell flat in November it caused concern.