Stronger new- and used-vehicle sales for Penske Automotive Group pushed up net income 23 percent in the first quarter on an 8 percent rise in revenue from the year-earlier period, the company said today.
The roots of Fisker Automotive's precarious state go back several years, to a time when the company and the Department of Energy established unrealistic sales goals for an unknown automaker working with tricky hybrid technology.
Former Renault COO Patrick Pelata had plenty of job possibilities after leaving the French automaker last summer. So how did the European product planner who helped revive Nissan end up selling customer-retention software from an office in San Francisco?
Mercedes-Benz USA appointed a new general manager of the Smart brand and is transferring the head of the company-owned Mercedes-Benz Manhattan dealership in New York to a corporate position in Montvale, N.J.
President Barack Obama said Charlotte, North Carolina, Mayor Anthony Foxx will press ahead as transportation secretary with the administration's goals to rebuild and expand the nation's infrastructure.
To attract a bigger audience to electric cars, Nissan officials say they must get more public EV chargers in place -- particularly the more powerful and expensive fast-charging stations. Nissan has assigned a five-person "infrastructure" team to spur charger-station installations.
Stair-step programs, the incentive plans that drive many dealers crazy, are causing more grumbling than they were a year ago. Several major retailers, including some of the largest dealership groups in the country, say stair-step programs are worse than last spring.
Honda has turned off the incentive spigot for the 2013 Civic that arrived in January -- and so far, so good. The revamped car is winning over consumers who are looking for more than just the deal of the week.
Automakers, urged on by China's national and local governments, are eager to expand in the markets of central and western China. Future growth will be in the hinterland, auto executives interviewed during this month's Shanghai auto show agreed.
Carjacking a Mercedes-Benz M class proved to be a critical mistake for the alleged Boston Marathon bombers. When the driver escaped and called police, officers were able to track the vehicle using the crossover's factory-installed GPS system.
Automotive News will put a spotlight on dealership finance & insurance issues during the third annual F&I Week, an online conference in June. Experts, academics and F&I professionals will headline six Webinars on June 11-13.
White-haired, tanned and vigorous at 80, Frank Stronach clearly has zero interest in retiring after building North America's biggest auto parts company. He now intends to jolt politics in his native Austria.
Honda Motor Co. expects North America to be its slowest-growing region in the current fiscal year that began April 1. But executives say U.S. sales should still reach an all-time high. North American sales will rise just 4 percent to 1.8 million vehicles this fiscal year, Honda predicted.
Toyota Motor Corp. President Akio Toyoda is banking on an overhauled r&d strategy to kick the company his grandfather founded into growth mode after four years of crises. The strategy will help boost Toyota's global sales beyond 10 million units a year.
International suppliers are moving into western China because that's where their customers are. For components with high shipping costs the supplier often puts a plant just a few miles down the road from its customer.
General Motors has set the base price of the 2014 Chevrolet Corvette Stingray coupe at $51,995, including shipping, $1,400 more than the outgoing model. The base convertible will be $56,995 with shipping, $1,240 more than its predecessor.
The top 10 plants in North America in March, ranked by output, were Toyota Georgetown, Ky., Volkswagen Puebla, Mexico, Nissan Smyrna, Tenn., Honda Marysville, Ohio, Honda Alliston, Ontario, Hyundai Montgomery, Ala., Ford Louisville Assembly, Ford Dearborn (Mich.) Truck Assembly, Kia West Point, Ga.
Mitsubishi Motors Corp. predicts its U.S. sales will rebound in the fiscal year that began April 1. Mitsubishi expects North American sales to increase to 100,000 this fiscal year, after dropping to 85,000 in the year that ended March 31.