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First Shift: Takata president steps down

Chairman Shigehisa Takada replaces Stefan Stocker amid recall crisis; FJ Cruiser departs; 918 Spyder recall; Faurecia appeal. Read More »

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Takata president steps down from role, CEO to reclaim title

Takata, the auto supplier embroiled in a global safety crisis, said today its president, Stefan Stocker, would step down and CEO Shigehisa Takada, 48, would once again assume the role to unify the company's response to the recall of millions of vehicles carrying defective airbags. Read More »

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Dodge flexes muscle, sheds family-car image

Chrysler bills the Hellcat as the fastest production sedan on earth, and this isn't simply about bragging rights. Dodge, derided not so long ago for selling mostly bland family haulers, is rebooting itself as a muscle-car brand that appeals to guys in their 20s and 30s. Read More »

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Hertz raises U.S. prices as fleet costs increase

Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too. Read More »

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First Shift: Safety booming, despite recalls

'Top Safety Picks' rise; 'tis the overtime season at truck plants; Google self-driving milestone; supplier relations worsen. Read More »

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Customer Incentives

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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Porsche recalls 918 Spyder to replace faulty chassis parts

Porsche is recalling 205 of the limited-edition 918 Spyder, the German carmaker’s most expensive model, to replace defective chassis parts. Read More »

Dealership settles with FTC over '$1' ads

The Federal Trade Commission, as part of an ongoing crackdown on deceptive dealership advertising for finance deals, has reached a proposed settlement with a dealership in suburban Dallas. Read More »

Faurecia vows to appeal $2.4M fine for market breaches

French auto parts maker Faurecia said today it would appeal against a 2 million euro ($2.44 million) fine imposed by the country's AMF stock market regulator for alleged selective disclosure of financial information to stock analysts in 2012. Read More »

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Aluminum wave could boost dent-repair policies

Automakers' growing use of aluminum body parts to save weight and fuel could create an opportunity for dealership F&I departments to sell more paintless dent removal policies, some F&I experts say. Read More »

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AutoNews Now: Opportunity, obstacles in Cuba

Economics, politics could deter carmakers; FCA confirms Kokomo spending; GM plant's ripple effect; Honda's moving tribute. Read More »

Mixed results for 2014 F&I predictions

In January, we noted five trends that F&I experts predicted could affect your business this year. All turned out to be worth watching, but just two -- “Dealer reserve under fire” and “Training and more training” lived up to the hype. Read More »

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JIM HENRY:

Consent orders and the law of unintended consequences

The Consumer Financial Protection Bureau quietly terminated a consent order with Minneapolis-based U.S. Bank last month, a contrast to the fuss it made in announcing the agreement in June 2013. Read More »

Q&A:

Behind Gateway One's 'high-tech, high-touch' approach

Gateway One Lending & Finance, a relatively small but growing auto lender, assigns dedicated teams to specific dealerships, to encourage closer dealer relationships. COO Todd Pierson refers to the strategy as “high-tech, high-touch.” Read More »

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Growing list of safe cars belies fears in record recalls

The insurance industry's list of cars and trucks that do the best job of keeping owners alive in a crash jumped 82 percent this year against a backdrop of US recalls of older models that were killing their passengers. Read More »

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Nissan sees record 2015 for Leaf EV in Europe

Nissan expects to increase European sales of the Leaf electric car by "double-digit" percentage points in 2015 following record sales this year. Read More »

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UK may get new auto show in 2016

The UK could once again have a major auto show after organizers announced dates for an event in 2016. BNC Special Events plan to stage an event for car enthusiasts in London. Read More »

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DAVE GUILFORD:

Why Russia's crash is just part of the emerging markets drill

Russia is the latest developing market to go through convulsions. But automakers invested in Russia say they’re staying. Their eyes are on the prize of long-term sales growth. Read More »

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Used-car buyers are big F&I opportunity

Otto Belovich believes it is a disservice to his customers -- especially those who buy used vehicles -- if he doesn't offer them the opportunity to purchase a service contract. Read More »

F&I TIP:

A rational ratio = F&I success

What’s a good mix of F&I revenue? Paul McCarthy, F&I director at Stevenson Automotive Group in Jacksonville, N.C., says dealerships that rely on dealer reserve for 40 percent of their F&I revenue are “going to be in trouble.” Read More »

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Faurecia expects tech to fuel growth; CEO sees benefits from megasupplier trend

Faurecia CEO Yann Delabriere, 64, is counting on the French supplier to provide high-tech products to meet customer demands anywhere in the world. Read More »

Automakers' efforts to cut costs damages supplier relations, survey says

Relations between automakers and suppliers are deteriorating largely because of intensifying cost-cutting demands, according to a survey. Read More »

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Hot-selling trucks mean holiday overtime for some N.A. plants

Several automakers, led by Chrysler, will be working overtime during the Christmas and New Year's holiday period at North American plants that build SUVs, crossovers and pickups, signaling confidence that the U.S. light-truck market will remain hot heading into 2015. Read More »

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Volvo wants online leads, not online sales, in U.S.

Volvo's online vehicle sales in the United States will resemble a lead-generating service, with shoppers selecting a model and putting down a deposit, the company's U.S. chief says. Read More »

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AutoNews Now: Industry sets unwanted record

More than 60.5 million vehicles recalled; more Acura leases in '15?; import-dealer chief on CFPB; where auto ideas are born. Read More »

Next AIADA chair to speak out on CFPB crackdown

Bradley Hoffman, incoming chairman of the American International Automobile Dealers Association, says he plans to speak out about the Consumer Financial Protection Bureau's controversial positions on automotive lending. Read More »

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There's no one way to connect in Silicon Valley

Shad Laws is used to the questioning look he gets when he mentions his employer. Laws is a Silicon Valley project manager for Renault, a French automaker with little visibility in the U.S. Read More »

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First Shift: Most powerful Cadillac ever

2016 CTS-V has 640-h.p. V8; Volt to get ELR tech; Hyundai hires BMW engineer; China-made Jag; re-energizing Malibu. Read More »

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Average wholesale used-vehicle prices, November

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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BMW expands NHTSA-ordered Takata airbag recall

BMW AG today expanded its recall nationally to include another 140,000 vehicles that have potentially faulty driver-side airbags, in cooperation with NHTSA. BMW is the last of five automakers to expand Takata driver-side airbag recalls after NHTSA’s orders last month Read More »

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TAKATA AIRBAG CRISIS:

Older vehicles can escape recalls' nets

The biggest problem for Honda and other automakers involved in the Takata recalls are older used cars that can be difficult to track down. Read More »

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Did Young rock Lincoln with talk of Continental?

Lincoln executives hope Neil Young will remember ... never talk about the brand's future product plans. Read More »

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GM gets 104 more claims for faulty ignition-switch compensation

General Motors received 104 claims for compensation for ignition-switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program. Read More »

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Cadillac's 2016 CTS-V gets a fresh look and a big power boost

Cadillac's 2016 CTS-V -- the third generation of the track-ready midsize sedan -- will shoot from 0 to 60 mph in under four seconds and hit a top speed of 200 mph. Read More »

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Cadillac's 2016 CTS-V packs more power, fresh look

Cadillac's 2016 CTS-V -- the third generation of the track-ready midsize sedan -- will shoot from 0 to 60 mph in under four seconds and hit a top speed of 200 mph. Read More »

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LINDSAY CHAPPELL:

Beyond the headlines, humdrum recalls annoy consumers

The year has been monopolized by headlines about General Motors ignition-switch recalls and Takata airbag recalls. But a broader perspective is in order. Read More »

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TECH CENTER:

Mining Silicon Valley for must-have car tech

Automotive breakthroughs have long come from Detroit, Stuttgart and Tokyo. Yet in a sign of transformation, representatives from some of the world's largest automakers gathered in a converted paper factory in Silicon Valley this fall to catch a glimpse of the next big idea for auto technology. Read More »

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Ford hires ex-GM data whiz to revamp analytics

Ford Motor Co.'s hiring last week of a new senior officer illustrates the auto industry's accelerating dive into big data. Read More »

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The UAW's big pay challenge

UAW President Dennis Williams said longtime auto workers deserve a wage increase after going without one for nearly a decade. Read More »

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Patti Swope says dad with her 'in spirit' as she takes helm of dealer group

Sam Swope died at 88 on Dec. 9, less than a month before his only daughter was to take over as CEO of the Louisville, Ky., group. Read More »

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Miami auto show seeks to ride Latin identity into the big leagues

Organizers of the Miami International Auto Show hope to capitalize on the arrival of well-heeled Latino buyers to make the show a major annual event. As the U.S. moved to restore diplomatic relations with Cuba last week, Miami was looming even larger as a potential hotbed of the car business. Read More »

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Cars to Cuba? It's complicated

The political struggle over easing trade restrictions is just one barrier to reviving U.S. auto sales in Cuba. Another major headwind is purely economic: Nearly all Cubans live modestly and cannot afford new or used American cars. Read More »

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GM hustles to make the Malibu competitive

Car executives typically don't talk about future models more than a year before they hit showrooms for fear of dampening enthusiasm for the current one. But in the case of the Chevrolet Malibu, there's not much enthusiasm to dampen. Read More »

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Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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