News

VW avoids strikes with 4.3% wage hike for German workers
Feb. 21

VW agreed to raise the wages of more than 120,000 workers in Germany, averting threats of widespread strikes at the automaker.

Daimler takes a jab at Tesla e-trucks plan as rivalry heats up
Feb. 21

Daimler cast doubt on Tesla's plan to deliver electric heavy trucks next year, saying its more modest goal to start selling battery-powered big rigs by 2021 is more realistic.

Why sweet lease deals are going away
Feb. 21
Author: Jesse Snyder

A flood of off-lease vehicles, including SUVs and crossovers, and other factors will make it more difficult for automakers to offer tempting lease deals.

Auto balance growth rate slows
Feb. 21
Author: Hannah Lutz

Last quarter, auto borrowers' total loan balance outstanding grew at the lowest rate since the second quarter of 2012, while delinquency rates plateaued, TransUnion says.

Dallas luxury group dives into subscription market
Feb. 21
Author: Laurence Iliff

The service offers unlimited vehicle switches and free pickup and delivery in the Dallas-Fort Worth area at no additional charge.

Entrepreneur Stefan Quandt becomes BMW's most powerful shareholder
Feb. 21

Stefan Quandt has become BMW's largest-single shareholder, giving him a big enough stake to block any potential takeover of the automaker, a regulatory filing showed.

Volvo speeds up electrification with new V60 wagon
Feb. 21
Author: Douglas A. Bolduc

Volvo will accelerate its shift toward electrified models by offering its new V60 with two plug-in hybrid powertrains. US customers initially will be offered only the more powerful of the two: the T8 plug-in hybrid.

Electrification, autonomy won't gain widespread adoption for decades, CAR study says
Feb. 21
Author: Michael Martinez

Although most major automakers are pouring billions into electrification and autonomy, the Center for Automotive Research predicts those investments could slow in the coming years and that such vehicles will represent only a fraction of sales a decade from now.

Nobody wants to let Google win war for maps all over again
Feb. 21

Google emerged years ago as the winner in digital maps by blanketing the globe with its street-mapping cars and software expertise that couldn't be matched. Nobody wants to let Google win again.

First Shift: 10-year GM Korea rescue plan?
Feb. 21

10-year GM Korea rescue plan?; Bosch buys Detroit startup; VW tries to delay trials, citing 'inflammatory' comments on Netflix; New Lexus hybrid math.

GM offers 10-year, $2.8 billion plan for Korea unit, lawmaker says
Feb. 21

General Motors has offered a new investment plan for its South Korean business after threatening to exit the country amid mounting losses, a lawmaker from the nation's ruling party said.

Nissan's EV campaign expected to get boost from Mitsubishi investment
Feb. 21

Nissan may get a boost from a deepening relationship with Japan's biggest trading house as access to battery materials becomes a priority amid the industry's push into electric vehicles.

Bosch establishes new mobility services division
Feb. 21
Author: Katie Burke

Robert Bosch is joining the wave of suppliers shifting their organizational structures to brace for massive industry changes.

Train one person to handle sales, F&I
Feb. 21

Have one person handle the sales and F&I process, but put the appropriate training in place, suggests Alan Sheynin of Rolls-Royce Motor Cars Greenwich in Connecticut. “Clients should not be passed on from person to person,” he said. “We have in-house training. Certainly myself and the other managers in-house coach up our sales managers. They have to put their F&I hats on once the car is sold.”

Ford aims to set up German bank this year to offset Brexit risk
Feb. 21

Ford hopes to set up a bank in Germany in the second half after applying for a license in the country as part of its strategy to mitigate any risk from the UK leaving the EU.

Don't fret over data security; try these steps
Feb. 21
Author: Hannah Lutz

One of the biggest security hazards for dealerships and their vendors is a data breach, but many are unsure of the best ways to protect their information, EFG says.

Toyota readies cheaper EV motors by halving rare-earth metal use
Feb. 20

Toyota is readying electric motors that use as much as 50 percent less in rare-earth metals amid concern of a supply crunch as automakers race to expand their EV lineups.

AutoNews Now: Tesla's delay could be Chevy Bolt's gain
Feb. 20

Tesla's delay could be Chevy Bolt's gain; Beating Benz, BMW; Marchionne gets $12M in pay, $36M in stock; VW's electric Vizzion; Lexus, Kia product teases; Stymied by stink bugs.

Israeli startup Otonomo takes on Google in rush to process car data
Feb. 20

Israeli startup Otonomo is taking on giant software companies including Google in the rush to process and monetize the mass of data being produced by today's connected cars.

Quick Shift: London says no to self-driving cars
Feb. 20

Good morning from Quick Shift, your source for daily news on the future of transportation.

VW bid to delay first U.S. diesel emissions trial rejected
Feb. 20

A Virginia judge rejected a request by VW to delay several of the company's trials over excess emissions because of "inflammatory" comments made by a lawyer representing car owners.

Toyota recalls Tundra, Sequoia for seat and traction-control problems
Feb. 20
Author: Laurence Iliff

Toyota will recall 8,800 Tundra pickups from the 2017 model year for a seat problem, and 65,000 2018 Tundras and Sequoia SUVs for a glitch that could turn off stability control and other systems.

Lexus will debut UX crossover with taillamp fins
Feb. 20
Author: Hans Greimel

Lexus plans to commit to its belated entry in the hot small crossover segment by debuting its UX at the Geneva auto show on March 6.

NBA All-Star Weekend boosts Autotrader's new site
Feb. 20
Author: Jackie Charniga

Autotrader took advantage of its long-standing NBA sponsorship to promote its redesigned website and set a record in online traffic during All-Star Weekend.

Marchionne collects $36 million stock award, $12 million in base pay
Feb. 20

FCA CEO Sergio Marchionne collected shares valued at about 29 million euros ($35.7 million) for the three-year period ended in 2016, according to the Italian-American automaker's 2017 annual report.

Deadly cobalt mines linked to child labor thrive in rush for EV batteries
Feb. 20

The appetite for EVs is driving a cobalt production boom in the Democratic Republic of Congo, where some mines are dangerous and employ child labor -- a concern for carmakers.

GM plans to build 2 new models in S. Korea, says lawmaker
Feb. 20

General Motors plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of parliament.

Net soars at ADESA's parent on tax gains
Feb. 20
Author: Jesse Snyder

Net income at KAR Auction Services, ADESA's parent, soared in the fourth quarter because of a special gain related to the changes in federal corporate taxes.

GM offers $2.2B debt-for-equity swap in return for S. Korea's support, report says
Feb. 20

GM has offered to convert debt owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul.

First Shift: A lifeline for GM Korea?
Feb. 20

GM said to offer debt-for-equity swap to buoy Korea unit; Toyota finds way to cut EV battery costs; Hyundai Nexo rolling tech showcase; World without Camrys?; Cars, pets and Google.

Hyundai Nexo is a rolling showcase of self-driving eco-car technology
Feb. 19
Author: Hans Greimel

The Hyundai Nexo fuel cell vehicle marries futuristic fuel cell technology to next-generation autonomous-driving systems in a rolling showcase that aims to quash notions the automaker is a straggler.

Don't expect Nissan to ditch dealer incentives
Feb. 19

Just as car dealership sales personnel are offered incentives to increase business, Nissan has offered its dealers incentives to reach higher. And in recent years, they did and sales climbed.

Slow gearing up
Feb. 19
Author: Alex Kwanten

Augmented reality's journey to dealership service departments has included several false starts.

Industry's bitter pill
Feb. 19

The writer of a December letter to the editor seemed to imply that young people should flock to become service technicians if they are not in tune with four years of college.

Draining oil fast is key to ultraexpress service
Feb. 19
Author: Richard Truett

The key to express service at Motorcars Honda is the Engine Vac, a machine that removes motor oil from a hot engine in just over two minutes.

Service Counter
Feb. 19

How critical to a dealer's business is fixed operations?

Shop talk
Feb. 19
Author: Anisa Jibrell

What are you doing this year to increase the profitability of your quick-service operation?

VIRTUAL FIXES
Feb. 19
Author: Alex Kwanten

New technologies are speeding the resolution of unfamiliar or complicated service problems. Techs at some Audi and Porsche dealerships can call on a factory tech to join them, virtually.

Dodging a bad review, Subaru fell into awd country
Feb. 19

In 1969, Consumer Reports gave the Subaru 360 a rare designation: "not acceptable." Oh, and the magazine also called it "the most unsafe car on the market."

Fixed in time
Feb. 19

Chevy operated regional garages across the country where factory technicians performed diagnostic tests on the brand’s pickups.

Battery-swapping for urban dwellers
Feb. 19

I agree with Keith Crain that the electric vehicle industry “will need something that is not yet developed or commercialized.”

Obituary
Feb. 19

Jenny Wegner, a fourth-generation owner of the oldest Buick dealership in the U.S., died Feb. 4. She was 62

Missed add-on opportunities
Feb. 19

Accessories sales not only should be incentivized for every dealership employee, as mentioned in the December article “Auto add-ons,” but all departments should be having that conversation with the customer.

QUICK CHANGE ARTISTS
Feb. 19
Author: David Kushma

A dedicated quick-service operation has become a common feature of most new-vehicle dealerships' service departments — and an increasingly vital source of fixed operations profits as vehicle sales cool.

Toyota-Mazda venture offers opportunities
Feb. 19
Author: Lindsay Chappell

Toyota and Mazda's planned north Alabama auto plant will operate as a separate entity, making its own supply chain decisions.

LEGAL LANE
Feb. 19
Author: Eric Freedman

An Ohio detailer has lost its case alleging breach of contract and fraudulent misrepresentation by Honda and Hyundai dealerships and their dealership group.

SELLING SPEED
Feb. 19

Dealerships generally shy away from advertising how long it takes to perform an oil change and other minor maintenance. But factory express service programs typically set internal targets to get vehicles in and out in an hour or less.

First service visit: Who cares?
Feb. 19

About two years ago, I leased an Acura MDX. I do not remember whether people at the dealership asked me about scheduling a service visit. If they did, I would have said no.

We don't have the words for Rolls' new SUV
Feb. 19

A new Rolls-Royce model in a new segment is a rare occurrence.


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