2 top Tesla manufacturing execs to leave as biggest challenge looms

12:51 pm U.S. ET | May 4, 2016

Two top manufacturing executives are leaving Tesla Motors, including the global head of production, at a time when the electric-car company is preparing to launch its most important car: the mass-production Model 3.... Read More »

CU Direct's credit union network reaps biggest gain in auto originations

11:45 am U.S. ET | May 4, 2016

Credit unions on CU Direct's lending network as a group reaped more growth in originations during the first quarter than any individual bank or captive among the top 10 auto lenders. After CU Direct, Chase Auto Finance reported the most significant rise in originations at 8.8 percent, slightly more than half the growth of CU Direct.... Read More »

Gauging lease customers' intent when the phone's left to ring

12:15 pm U.S. ET | May 4, 2016

As lease returns rise, lenders and dealers are turning to a web tool to get an inkling of customers' intent to re-lease, purchase or return. A quarter of one Michigan dealer's lease customers have provided leads via the tool created by ChannelNet.... Read More »

Subprime auto lender Credit Acceptance subpoenaed by Maryland

9:30 am U.S. ET | May 4, 2016

Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding the subprime auto lender's repossession and sales policies. Maryland is at least the fifth government body to launch an investigation into Credit Acceptance’s practices since December 2014.... Read More »

HANNAH LUTZ

BLOG: For lease buyers, especially millennials, use the payment pitch

11:30 am U.S. ET | May 4, 2016

How F&I managers can overcome the challenge of selling F&I products to buyers who lease.... Read More »

VIDEO: Experian exec on leasing, monthly payments and conquesting customers

10:58 am U.S. ET | May 4, 2016

Melinda Zabritski, senior director of automotive finance at Experian Automotive, weighed in on the benefits of leasing, which levers keep monthly payments low and how dealers and manufacturers can capture lease customers from rivals in a conversation with Automotive News F&I beat reporter Hannah Lutz last month at the NADA convention in Las Vegas.... Read More »

F&I TIP

Show lessees the monthly math

10:47 am U.S. ET | May 4, 2016

Sell lease buyers F&I products based on monthly payment, advises Dave Robertson, head of the Association of Finance and Insurance Professionals. Lessees want to pay only a certain amount of money each month for the car. So, for example, to sell more prepaid maintenance, say: “During the life of your lease, you’ve already amortized the depreciation, so you have the monthly payment. Let’s do the same thing with your maintenance.... Read More »

Delphi doubles Q1 net income following acquisition, global growth

9:29 am U.S. ET | May 4, 2016

Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.... Read More »

LUCA CIFERRI

BLOG: Why a PSA-FCA merger should happen - but won't

12:01 am U.S. ET | May 4, 2016

Fiat Chrysler has been actively seeking a merger partner since September 2014 and a possible combination with PSA Group has been a recurring rumor for years. The reason that the subject won't die is because the deal makes sense on a number of levels.... Read More »

PSA's marketing revamp will be headed by Renault veteran

May 4, 2016 06:01 CET

PSA Group's new head of sales and marketing, Stephen Norman, will lead an overhaul of the automaker's commercial operations to improve synergies between its Peugeot, Citroen and DS brands.... Read More »

VIDEO: First Shift: April U.S. sales winners, losers

12:01 am U.S. ET | May 4, 2016

April U.S. sales winners, losers; Takata recall to widen?; Volvo swings to a profit; Ford's portable wind tunnel; Nissan shifting marketing focus toward safety.... Read More »

Daimler plans Mercedes engine factory in Poland

May 4, 2016 10:30 CET

Daimler said it plans to invest about 500 million euros ($575 million) in a new engine factory in Poland to broaden its production footprint outside its German home market.... Read More »

Takata's fight for survival gets even harder as airbag recall widens

7:01 am U.S. ET | May 4, 2016

The world's largest automotive safety recall is about to get even bigger, adding to the hurdles that Japanese airbag supplier Takata is battling to survive the crisis.... Read More »

EV-charging network ChargePoint gets $50 million in funding

6:35 am U.S. ET | May 4, 2016

Electric vehicle-charging network ChargePoint said on Tuesday it had received an additional $50 million in funding to allow the Silicon Valley company to expand beyond its current 27,000 public charging stations.... Read More »

Continental expects no major hit from carmakers' price cuts

May 4, 2016 12:01 CET

Continental is bracing for tough talks with Volkswagen and other carmakers over prices, though it does not expect to take a major hit on its results, finance chief Wolfgang Schaefer said.... Read More »

Volvo swings to profit in first quarter

May 4, 2016 07:50 CET

Volvo swung to a profit in the first quarter as its new XC90 helped to drive growth. Operating earnings rose to $392 million from a year-ago loss.... Read More »

Ford develops mobile aeroacoustic wind tunnel

12:01 am U.S. ET | May 4, 2016

Ford is taking wind-tunnel testing on the road, so that its engineers and the vehicles they test can spend less time traveling around the country.... Read More »

APRIL U.S. SALES

Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42M

8:30 am U.S. ET | May 3, 2016

Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.... Read More »

FCA, Google confirm plan for self-driving prototypes based on hybrid Chrysler Pacifica

7:40 am U.S. ET | May 3, 2016

Google has agreed to buy 100 plug-in hybrid minivans from Fiat Chrysler to expand its self-driving vehicle testing program, the two companies said today in the most advanced partnership to date between Silicon Valley and a carmaker.... Read More »

Mercedes-Benz pickup takes shape

11:00 am U.S. ET | May 3, 2016

The joint effort between the Renault-Nissan Alliance and Daimler AG that is expected to yield a pickup for Daimler's Mercedes-Benz subsidiary is starting to bear fruit. Spy photos of an early test mule have emerged showing the Mercedes truck -- likely to be named GLT -- taking shape from the Nissan Navara on which it is based.... Read More »

Next-generation Jeep Wrangler breaks cover

3:59 pm U.S. ET | May 3, 2016

Spy photographers have captured their first shots of the redesigned 2018 Jeep Wrangler driving about near Fiat Chrysler's North American headquarters in Auburn Hills, Mich.... Read More »

German car sales rose 8% in April, adding to France, Italy, Spain gains

May 3, 2016 13:33 CET

German new-car registrations rose 8 percent in April, joining robust growth in France, Italy and Spain. Fiat, Volvo and Porsche were among brands with big gains.... Read More »

Volvo sales rise 11% in April as U.S., Europe growth offsets China slowdown

May 3, 2016 21:33 CET

Volvo's vehicle sales grew 11.3 percent in April as gains in the U.S. and Europe offset lower demand in China.... Read More »

Renault pressed by French gov't to cut Ghosn's pay after investor revolt

May 3, 2016 17:38 CET

France will maintain pressure on Renault to rein in Carlos Ghosn's pay, Economy Minister Emmanuel Macron said, after shareholders voted against the CEO's $8.3 million payout for 2015.... Read More »

BMW i brand sales fall 23% as key execs join Chinese EV startup

May 3, 2016 16:18 CET

BMW's i subbrand of electric and plug-in hybrid cars saw sales plunge in the first quarter while it also suffered the defections of key executives to a Chinese startup.... Read More »

 
Why a PSA-FCA merger should happen - but won't


12:01 am U.S. ET | May 4 2016

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Fiat Chrysler has been actively seeking a merger partner since September 2014 and a possible combina ...
 Read More ›

Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
 Read More ›

VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
 Read More ›

Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
 Read More ›

Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
 Read More ›

Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
 Read More ›

PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
 Read More ›

VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
 Read More ›

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Newsletters & Alerts
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German car sales rose 8% in April, adding to France, Italy, Spain gains
German new-car registrations rose 8 percent in April, joining robust growth in France, Italy and Spa ...
 Read More ›
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French car sales rise nearly 7% in April
French new-car sales rose nearly 7 percent in April, boosted by strong gains at foreign automakers i ...
 Read More ›
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
 Read More ›
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
 Read More ›
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
 Read More ›
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
 Read More ›
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
 Read More ›
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
 Read More ›
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
 Read More ›
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
 Read More ›
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PSA's marketing revamp will be headed by Renault veteran
PSA Group's new head of sales and marketing, Stephen Norman, will lead an overhaul of the automaker' ...
 Read More ›
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Porsche development chief Hatz to leave company
Porsche said its development chief, Wolfgang Hatz, has left the company amid parent VW Group's emiss ...
 Read More ›
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
 Read More ›
IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
 Read More ›
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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Porsche turbocharges new Boxster
Porsche is repositioning its latest Boxster with a new name, a higher price tag, and a new four-cyli ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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