Retail

SPECIAL REPORT

Inside Google's quest to shape the rules of the driverless road

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

Google is mounting a lobbying and public-relations campaign across America to win acceptance for autonomous vehicles and to shape the rules of the driverless road. And the tech giant, one of the first companies to launch a development effort, has emerged as the most visible and assertive lobbyist, with the most ambitious view of how self-driving vehicles should be deployed.... Read More »

JAMIE LaREAU

BLOG: Retailers need to see service as the hot money spot this year

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

Dealers are -- or should be -- preparing to take any sales slowdown in stride, by beefing up their service and parts operations.... Read More »

GM China sees strong growth for luxury models and EVs

3:56 pm U.S. ET | April 28, 2016

Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today.... Read More »

VIDEO: AutoNews Now: FCA, Google in talks?

12:01 am U.S. ET | April 28, 2016

FCA reportedly near deal with Google; FCA's Chinese partner seeks way into U.S.; April U.S. sales rise expected; Ford working on 200-mile EV; Autonomous-car tech going bust with boomers.... Read More »

Gen Y more likely than older drivers to trust self-driving tech, study finds

1:00 pm U.S. ET | April 28, 2016

More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's annual U.S. Tech Choice Study found.... Read More »

FCA-Google talks? Marchionne may have dropped a hint

1:53 pm U.S. ET | April 28, 2016

Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked about potential partnerships with nonautomotive companies.... Read More »

China's GAC looks to Fiat Chrysler to help enter U.S.

9:44 am U.S. ET | April 28, 2016

China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales.... Read More »

VW eyes new partners; not talking with Google, Apple

April 28, 2016 10:47 CET

VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Discussions are already at an "advanced stage," but Google and Apple are not among tech companies VW is in discussions with, he said.... Read More »

VIDEO: First Shift: Ford posts record Q1 profit

12:01 am U.S. ET | April 28, 2016

F-150 helps push Ford to record Q1 profit; Fields: 'Absolutely terrific start'; Mitsubishi: No test-data problems in newer U.S. models; VW's growth outlook; JLR phone-finder app; Hyundai NFL promo.... Read More »

April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 million

3:55 pm U.S. ET | April 27, 2016

U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. After falling short of expectations in March, sales are on pace for one of the industry's best-ever Aprils, analysts said.... Read More »

Germany to offer 4,000 euro subsidy to boost EV sales

April 27, 2016 12:25 CET

Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.... Read More »

Group 1 CEO says automakers need to cut production

12:01 pm U.S. ET | April 27, 2016

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.... Read More »

VIDEO: AutoNews Now: A drop-off in drop-tops

12:01 am U.S. ET | April 27, 2016

Can Buick counter the drop-off in drop-tops?; Ford issues 5 recalls; Getting Germany to go green; Volvo to test autonomous cars in U.K.; GM plant investments; May I rent your Mini?... Read More »

High warranty costs reflect Tesla's struggle with quality

12:25 pm U.S. ET | April 27, 2016

Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.... Read More »

Public retailers post F&I per-unit profit gains in Q1

11:15 am U.S. ET | April 27, 2016

All six of the big public new-car retailers reported improved F&I profit per unit during the first quarter. F&I product sales drove most of the gains. Lithia Motors posted the greatest percentage increase in F&I revenue per new vehicle retailed at 9.4 percent, though it still has the second-lowest F&I profit per vehicle.... Read More »

GM Financial's prime originations surge thanks to GM subvention

11:15 am U.S. ET | April 27, 2016

GM Financial's lease originations more than doubled in the first quarter, resulting in more prime-credit customers.... Read More »

HANNAH LUTZ

BLOG: On F&I front, AutoNation finds a groove

11:15 am U.S. ET | April 27, 2016

Branded F&I products are working in AutoNation's favor and the nation's largest dealership group sees even more room to grow.... Read More »

VIDEO: Ford Credit COO on auto finance trends, leasing and subprime lending

10:32 am U.S. ET | April 27, 2016

Joy Falotico, Ford Motor Credit COO and chairwoman of the American Financial Services Association's vehicle finance division, this year expects leasing to keep growing and subprime lending and term lengths to stay disciplined. She spoke with Automotive News F&I beat reporter Hannah Lutz last month at AFSA's vehicle finance conference in Las Vegas.... Read More »

Bosch profit boosted by auto sensor technology sales

April 27, 2016 14:26 CET

Robert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41.7 billion euros last year and achieved EBIT of 3.5 billion euros.... Read More »

Valeo sales rise 9% on intuitive driving systems

April 27, 2016 10:44 CET

French supplier Valeo reported a 9.4 percent rise in first-quarter sales, lifted by demand for pricier content such as display screens, parking assistance and radar systems.... Read More »

Ally net income, originations down as it gets tougher on approvals

12:36 pm U.S. ET | April 26, 2016

Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said Tuesday.... Read More »

Mercedes' sales surge may be too late to unseat Audi, BMW in China

April 26, 2016 13:07 CET

The sales surge that has put Mercedes within reach of the top spot in the global luxury-car market this year may be too little, too late to deliver leadership in China as rivals Audi and BMW re-stock their lineups to keep Mercedes at bay... Read More »

Ford, Volvo, Google, Uber, Lyft form coalition to promote self-driving cars

7:54 am U.S. ET | April 26, 2016

Ford, Volvo Cars, Google and two ride-hailing companies created a coalition, led by former NHTSA chief David Strickland, to urge federal government action to help advance self-driving vehicles.... Read More »

JAMES B. TREECE

BLOG: Why public dealership groups are buying their own stock

4:47 pm U.S. ET | April 26, 2016

Several publicly traded dealership groups have reported strong, sometimes record, first-quarter earnings per share. It's not that their net income soared. Rather, they've been buying back their shares like crazy.... Read More »

Asbury Q1 net down 14%; will open used-car stores despite slow sales

11:34 am U.S. ET | April 26, 2016

Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.... 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. ...
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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 ...
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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. ...
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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 “ ...
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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 ...
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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 ...
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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 ...
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Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
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Newsletters & Alerts
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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. ...
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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 ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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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. ...
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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. ...
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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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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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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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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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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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