Safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms.
When General Motors last week unveiled a new way for dealers to order parts for the ignition-system recall, it reminded dealers of a hard truth: They'll be waiting for parts -- and placating impatient customers -- at least well into the autumn.
Daimler can expand production at its Beijing plant to 350,000 vehicles a year if demand calls for it, said Rene Reif, the head of manufacturing at Beijing Benz Automotive. By the end of 2014, output in Beijing will be about 140,000 cars.
CEO Mike Jackson put the big Internet shopping sites on notice last week: AutoNation is building Web products that will slash the number of leads the group's 229 stores get from AutoTrader, Cars.com, TrueCar and others.
U.S. safety regulators have opened an investigation of electric-vehicle chargers made by German supplier Robert Bosch LLC after a driver of a 2013 Nissan Leaf reported one emitted smoke while charging.
Auto dealers are scrambling to buy new stores despite record high dealership values. They figure the earlier they can buy before the next downturn, the sooner they’ll earn profits and pay down acquisition costs.
GM's bid to freeze a lawsuit over faulty ignition switches may compromise public safety, plaintiffs told a judge in California, calling the automaker's claim that its 2009 bankruptcy shielded it from the old GM's liabilities “irrelevant” and a “red herring.”
Sales thawed out in March and early April after the frigid winter, and auto executives at the auto show in New York City were optimistic about the rest of the year. They see growing consumer confidence and strong demand for pickups and crossovers.
Dealers featured this week include Mohinder Singh of Carlsbad Volvo in Carlsbad, Calif.; Bruce, Todd and Amie Bennett of Bruce Bennett Nissan in Wilton, Conn., Tommy Smith, left, and Dustin Tyson of Riverside Chrysler-Jeep-Dodge-Ram in New Bern, N.C.
Dealer Terry D'Arcy has created the unique position of delivery specialist at his three Illinois stores. The specialists teach customers how to sync their phones and use the navigation and infotainment systems. Eventually, the specialists are promoted to sales.
Acura is counting on the 2015 TLX mid-sized sedan tol reverse a slide in the brand's sedan sales. Acura's U.S. sedan sales skidded 10 percent last year and have dropped 23 percent this year through March.