Headlines for Wednesday, August 14, 2013

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Getting to yes on a lease

In the F&I office, it's all about getting the customer to say yes and sign. Ideally, that's for a well-structured loan with other F&I products as well. But sometimes it means getting the customer to say yes to a lease. Read More »


Mercedes aims GLA crossover at conquest customers

Mercedes released details of its new GLA crossover, the latest model aimed at attracting younger customers to the brand. Read More »


AutoNews Now: Putting recalls in plain sight

NHTSA mandates more-explicit notices, tools to let drivers search by VIN; Pebble Beach preview; Rechtin on new Tundra. Read More »


First Shift: Ghosn deputy's dream job

With 'a big leader' in his way, Renault's Tavares sets sights on GM, Ford; NY debut for Escalade; Honda's drive-in mission. Read More »


Hyundai, Kia recalling about 270,000 U.S. vehicles

Hyundai and affiliate Kia are recalling nearly 270,000 car and light trucks in the United States due to possible corrosion that can affect rear wheel alignment on the Sonata and Azera, and possible problems with the right front axle on 2014 Hyundai Santa Fe and Kia Sorento models. Read More »


Ford targets higher capital spending, dividend boost by mid-decade

Ford Motor today laid out a more ambitious mid-decade plan that includes a higher dividend and a 25 percent increase in capital spending, to take advantage of growing automotive demand worldwide. Read More »


U.S. tells automakers to make recall information easier to find

Automakers will be required to install a tool on their Web sites to allow consumers to easily find out if vehicles have been recalled in the United States, under a federal rule released today. Read More »


Automakers market their muscle at annual cruise event

The annual Woodward Dream Cruise just north of Detroit, which draws more than 1 million people and around 40,000 classic cars to a 22-mile stretch of four-lane road, gives the Detroit automakers a chance to display their high-performance hardware as they seek to outmuscle one another in their... Read More »


Dodge holds base price on redesigned Durango at $30,790

Dodge says the 2014 Durango crossover will be priced at $30,790, including the $995 shipping fee, which is the same starting price as the 2013 model. Read More »


Rechtin's take on the new Tundra

Toyota has reengineered its full-size Tundra pickup truck for the 2014 model year. In this video, Automotive News West Coast Editor Mark Rechtin examines the Tundra's engine offerings, off-road capability and Toyota's sales target for the updated pickup. Read More »


What's the credit union difference? Low rates

Nearly one-third of folks in the United States belong to a credit union, and a lot of those memberships started with an auto loan, says Mike Schenk, senior economist at Credit Union National Association in Madison, Wis. Read More »


Asbury bullish on credit, chases best-in-class PVR

Credit availability is a strong tailwind for F&I sales and vehicle sales, Asbury Automotive Group CFO Scott Krenz told investors and Wall Street analysts today. Read More »


Low loan losses support subprime health

Even as subprime lending has picked up, resulting in more vehicle sales to credit-challenged customers, delinquencies and repossessions have fallen to record lows, data from Experian Automotive show. Read More »

Jeff Schmitt Auto Group under fire in Ohio

Since December, Jeff Schmitt Auto Group has paid about $625,000 to resolve 16 civil lawsuits and five other complaints. Read More »


VW bets big on CNG

VW Group is hoping its new TGI engine will match the success of its TDI powerplants. The automaker will use TGI on its new bi-fuel models that can run on both compressed natural gas and gasoline, starting with a variant of the VW Golf. Read More »


When a negative number nets a windfall

Corporations don't like to see negative numbers in their financial results, but this one may be an exception. Read More »


Cadillac to reveal new Escalade in October in NYC

General Motors will reveal the redesigned 2015 Cadillac Escalade SUV in October at a world premiere in New York City. In a media invitation to the debut, GM described the next-generation Escalade as a "bold, evolutionary statement." Read More »


Mercedes to offer GLA crossover with awd, then fwd

The GLA compact crossover, designed to lure younger buyers to Mercedes-Benz, will go on sale in the United States with all-wheel drive in fall 2014, followed by a front-wheel-drive variant in early 2015, the company said today. Read More »

UK car dealer Lookers profits from recovery at home

UK dealer group Lookers said a recovery in its home market helped lift first-half pretax profit by 20 percent to 28.8 million pounds. Read More »


Hyundai, Kia brace for second straight year of labor strikes in Korea

Hyundai and Kia workers in South Korea have agreed to go on strike for a second straight year to demand higher wages. Read More »


BMW output in South Africa hit by strike

BMW workers in South Africa began a strike over pay that will affect production of cars for global markets including the United States. Read More »

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