Toyota is now solidly profitable in Europe on the back of rising hybrid sales and aggressive cost-cutting across its operations, head of Toyota Europe Didier Leroy told the Automotive News Europe Congress in Brussels.
Woodhouse Auto Family, the owner of Woodhouse Ford in Nebraska, known for its Truck Mountain, said it sustained damage to nearly 4,400 of its vehicles Tuesday night as storms pelted the Midwest with baseball-sized hail.
Mercedes-Benz USA began construction today on a new home for its West Coast operations that will consolidate a vehicle preparation center, a learning and performance center and a regional sales office.
Canada's Automotive Parts Manufacturers Association, aiming to spotlight the country's supplier community and technology capabilities, unveiled an advanced connected vehicle Wednesday at its annual conference in Windsor, Ontario.
Dennis Williams was elected president of the UAW today at its 36th Constitutional Convention. Williams, 61, takes the helm of the United States auto workers union for four years, replacing Bob King, 67, who officially retired at the convention.
Saatchi & Saatchi LA, the longtime advertising agency of record for Toyota Motor Sales USA, has hired Jason Schragger, a former creative executive with Nissan's global marketing team, as its new chief creative officer to oversee work for the Toyota brand.
General Motors plans to release on Thursday morning results from its internal investigation into why it did not recall 2.6 million vehicles with faulty ignition switches for about a decade after problems surfaced.
General Motors CEO Mary Barra will hold a town hall-type meeting with employees on Thursday to share the findings of an internal investigation into why the automaker took so long to recall vehicles with flawed ignition switches.
Last week's consent order with subprime lender Consumer Portfolio Services won't be the last time the FTC targets an auto lender for fairness in collections and loan servicing rather than discrimination in loan originations, lawyers say.
Many credit unions still shy away from subprime auto loans. But a national trade group is trying to remedy that with a pilot program involving 14 credit unions interested in starting up or increasing subprime auto loan penetration.
Dealers and their legal counsels should check out last week's consent order between subprime auto lender Consumer Portfolio Services and the Federal Trade Commission, even though the case isn't about dealerships.
F&I managers should choose atypical prices for service contracts and other F&I products, then stick to them, advises F&I trainer Ron Reahard. “Charge $1,822, not $1,795. A number like $1,795 conveys two messages: one, the price is negotiable, and two, you're trying to make it sound cheaper.
The European Union wants to boost the bloc's share of economic output coming from manufacturing by a quarter by 2020, its official in charge of automotive regulation told the Automotive News Europe Congress.