Lear buys downtown Detroit office building

10:16 am U.S. ET | Sept. 3, 2015

Seating and electronics suppler Lear has purchased a 50,000-square-foot building in downtown Detroit for an undisclosed price.... Read More »

VIDEO: First Shift: Tesla Model X coming Sept. 29

12:01 am U.S. ET | Sept. 3, 2015

Tesla Model X coming Sept. 29; Dealer sues Maserati; BMW, Audi, Benz clear hurdle in 'Here' buy; Honda recalls '15 Fit; VW's mini Darth Vader, 4 years later; Safest driving cities.... Read More »

Mercedes is working on Tesla Model S fighter, r&d chief tells paper

Sept. 3, 2015 12:08 CET

Mercedes is working on an electric car to compete with the Tesla Model S and the vehicle will be launched "soon," the automaker's development chief, Thomas Weber, told a German auto magazine.... Read More »

2015 FRANKFURT AUTO SHOW

Citroen concept hints at 'fun' SUV inspired by Mehari

Sept. 3, 2015 11:18 CET

Citroen has built a concept that takes inspiration from the brand's iconic Mehari beach buggy and hints at a production SUV version of the C4 Cactus.... Read More »

Turkish auto sales rise 37% in August

Sept. 3, 2015 11:44 CET

Turkish sales of passenger cars and light commercial vehicles jumped 37 percent in August, helping eight-month registrations rise by 47 percent.... Read More »

Tesla will begin deliveries of Model X on Sept. 29

Sept. 3, 2015 11:17 CET

Tesla will begin delivering its Model X electric crossover at the end of the month. The Model X will launch with a premium-priced special version called the Signature series that will cost between $132,000 and $144,000.... Read More »

Average U.S. new-vehicle mpg falls in August

2:13 pm U.S. ET | Sept. 2, 2015

The average stated fuel economy of new light vehicles sold in the United States fell in August and is down nearly 2 percent from the record high set a year ago, a University of Michigan report released today said.... Read More »

Nissan marketing exec Mohnke adds U.S. sales duties

11:50 am U.S. ET | Sept. 2, 2015

Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said in a news release.... Read More »

Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court.... Read More »

2015 FRANKFURT AUTO SHOW

PSA's DS upscale brand to launch crossover-styled DS 4

Sept. 2, 2015 15:18 CET

DS Automobiles will launch a crossover-styled version of its DS 4 compact car. The DS 4 Crossback will help fill a new product gap until DS adds all-new models to its lineup.... Read More »

Maserati dealer sues factory, alleging padded sales

3:04 pm U.S. ET | Sept. 2, 2015

A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug. 28.... Read More »

VIDEO: AutoNews Now: From Hellcats to Heavy Duty Rams

12:01 am U.S. ET | Sept. 2, 2015

Hellcats to Heavy Duty Rams: FCA's 2016 lineup; Ford open to health-care pool; L-R's U.S. diesel debut; Model X decision time; Official Prius teaser.... Read More »

AutoNation August sales drop 5% on calendar quirk

11:38 am U.S. ET | Sept. 2, 2015

AutoNation’s U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year.... Read More »

Navistar reports a surprise Q3 loss amid U.S. investigation

2:52 pm U.S. ET | Sept. 2, 2015

Navistar International, the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit.... Read More »

Bill Ford says health care co-op possible in UAW talks

12:42 pm U.S. ET | Sept. 2, 2015

Ford Motor Executive Chairman Bill Ford said the company is considering a health-care co-op, an issue the UAW has raised in negotiations on a new contract.... Read More »

HANNAH LUTZ

BLOG: Will Gen Y push leasing sea change?

11:45 am U.S. ET | Sept. 2, 2015

When millennials are itching to get into a brand new car, many look to leasing.... Read More »

Lincoln's captive launches free services for consumers

11:45 am U.S. ET | Sept. 2, 2015

Lincoln's captive finance arm launched a free credit monitoring and identity-theft protection package for all U.S. consumers who finance or lease with the lender. Lincoln Automotive Financial Services introduced the package on July 31.... Read More »

Lease penetration rate warrants scrutiny, observers say

12:45 pm U.S. ET | Sept. 2, 2015

Leasing has accounted for a quarter of new-vehicle sales for more than a year. That might imply stability, but industry watchers say leasing penetration deserves close monitoring. With new-vehicle prices going up, many consumers lean toward leasing because they cannot afford new vehicles.... Read More »

Plunging oil prices could affect auto delinquencies, TransUnion warns

12:30 pm U.S. ET | Sept. 2, 2015

Lost wages from plunging oil prices are expected to raise auto loan delinquencies in Canada, TransUnion says, and the company is watching for changes in the U.S.... Read More »

German carmakers win U.S. antitrust approval to buy Nokia maps

12:14 pm U.S. ET | Sept. 2, 2015

German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said today.... Read More »

VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET

Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech.... Read More »

F&I TIP

Use the product menu to show levels of coverage

11:32 am U.S. ET | Sept. 2, 2015

“The menu should become a solution to a problem,” said Elgie Bright, automotive marketing and management program chair at Northwood University. “Have the customer select the coverage that offers the best combination of price, length of coverage and protection to meet their needs.”... Read More »

CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee.... Read More »

GM expects to be profitable in India in 5 years

6:53 am U.S. ET | Sept. 2, 2015

General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the automaker's India chief told Reuters.... Read More »

Hyundai brings back Nissan's Hatami as U.S. sales chief

8:00 am U.S. ET | Sept. 2, 2015

Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief.... Read More »

 
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