BMW, General Motors and Toyota have had to temporarily shut down all or parts of their operations in Egypt because of political unrest in the country. BMW and GM closed their sales and production units in the country today following yesterday's ouster of President Mohamed Morsi.
Canadian auto sales in June rose 1.3 percent to 171,608 vehicles, with the Detroit 3 reporting double-digit volume sales gains for pickup trucks, while deliveries of sedans and other passenger cars fell 5 percent.
By delaying for one year a requirement that employers offer health insurance to their workers or pay fines, the Obama administration has given a reprieve to car dealers and other small-business owners grappling with how to comply with the new health care law.
The recent consent orders agreed to by U.S. Bank, Dealers' Financial Services and the Consumer Financial Protection Bureau provide a hint at what disclosure forms might look like if the CFPB were to design them. And dealerships likely would not like their structure.
Nothing is as effective as a visual aid in presenting the benefits of F&I products to car buyers. Why? Visual sales aids "substantiate product claims," said Glenn Roberts, national training and business development manager for Zurich Insurance.
The Consumer Financial Protection Bureau has ordered U.S. Bank and an affiliate to repay a total of $6.5 million to more than 50,000 military service members to resolve claims that the companies deceived car buyers who arranged auto loans and insurance deals through a military program.
Walk into Gordon Atkisson's adjoining Chrysler and Chevy stores here in rural Pennsylvania, and you'll find something unusual. "I have two finance managers, and both are women," says Atkisson, president of Country Chrysler-Dodge-Jeep-Ram and Jeff D'Ambrosio Chevrolet next door.
Toyota will recall about 185,000 vehicles globally, including the Yaris subcompact made in France, because of a glitch in the electric power steering system that could make the steering heavier. No accidents or injuries have been reported from the flaw, a Toyota spokeswoman said.
Michael Macht, VW Group's production boss, has a major task to deal with besides the everyday issues of throughput times and returns on capital. VW Group has set itself ambitious ecological targets as it seeks to become the world's greenest automaker.
Toyota is often criticized for being the most Japanese of Japanese companies in the pantheon of Japan Inc. But the new motto under President Akio Toyoda is "Internationalize!" Skeptical? Consider this: Toyota is dumping the use of Japanese numerical notation for the Western way.
Audi has received the top ranking for a premium brand in J.D. Power and Associates' 2013 China Sales Satisfaction Index. The automaker received a score of 721, compared with the premium market average of 665.