Daimler will become 2016's biggest luxury automaker, Zetsche says
Daimler will become the biggest and most profitable luxury carmaker this year, CEO Dieter Zetsche said. Achieving the target would put Mercedes back on top for the first time since 2005 when it lost the sales crown to BMW.
Beepi merges with mobile car-buying platform co-founded by Scott Painter
Beepi Inc., an online used-vehicle marketplace, has merged with Fair.com, an upcoming mobile car-buying platform founded by former TrueCar CEO Scott Painter and two other industry veterans.
Incentives, excess new-car inventory, put a drag on used vehicle values
An increase in new-car incentives and “channel stuffing” -- excess new-vehicle inventory on dealers' lots -- caused used-vehicle prices to slip 1 percent in November, according to one closely watched used-vehicle price index released today.
'Mystery device' helps thieves steal cars with push-button ignitions
UPDATED: 12/7/16 2:19 pm ET - adds industry reaction
The National Insurance Crime Bureau today said it obtained and tested a so-called “mystery device” that can allow a thief to break into a vehicle without leaving behind any of the traditional pieces of evidence such as broken glass.
S. Korea to slap VW with record fine, pursue execs over emissions ads
South Korea will file criminal complaints against five former and current executives at VW Group's local unit and fine the automaker a record $32 million for false advertising on vehicle emissions.
Ford conducts additional tests on 2017 F-150 and Raptor 10-speed transmissions
UPDATED: 12/7/16 3:38 pm ET - adds detail
Ford's 2017 F-150 and Raptor trucks with a new 10-speed transmission began arriving on some dealer lots last month, but the automaker said it is holding some models for additional testing as part of its normal launch ramp-up.
AutoNation's about-face draws fire from 2 Senate Democrats
A duo of Senate Democrats who've introduced legislation aimed at preventing the sale of used vehicles with unrepaired safety recalls blasted AutoNation Inc.'s reversal of its 16-month ban on the sale of such vehicles at its dealerships.
Infiniti global sales on track for record year, chief says
Infiniti will likely end 2016 with record sales well beyond the 215,000 vehicles it sold worldwide last year, the Japanese brand's global chief said.
Panasonic in final talks to buy headlight maker ZKW, report says
Panasonic is in the final stages of talks to buy Austrian automotive headlight maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported today.
Penske to expand used-car stores
Penske Automotive Group has launched its own line of standalone used-car stores with the planned purchase of CarSense, which owns five used-only stores in the Philadelphia, Pittsburgh and southern New Jersey.
Incentives keep market running at record pace
After three consecutive declines, automakers managed in November to make the largest year-over-year U.S. sales gain since February, but it took a big jump in incentives to make that happen.