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Audi boss calls A3 e-tron the 'perfect' EV

Dec. 18, 2014 17:03 CET
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every day driving.” He says that because 80 percent of daily roundtrip commutes in Europe are less than 50km, which is the A3 e-tron's electric-only range.... Read More »

 

Former Saab owner Spyker is bankrupt

Dec. 18, 2014 15:38 CET
Spyker -- the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors -- was today declared bankrupt even as founder and CEO Victor Muller vowed to revive the company.... Read More »

 

GM, Audi, Jaguar halt Russia sales on ruble's collapse

Dec. 18, 2014 13:12 CET
GM, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble's collapse.... Read More »

 

Mercedes recalls 4,871 cars, SUVs in U.S. for possible oil leak

9:57 am U.S. ET | Dec. 18, 2014
Mercedes-Benz is recalling 4,871 sedans and SUVs in the United States because of a potential oil leak, according to documents filed with federal safety regulators.... Read More »

 

Ford shuts doors at Belgium plant

Dec. 18, 2014 15:12 CET
Ford produced the last car at its plant in Genk, Belgium, closing the site which produced some 14 million vehicles over the past 50 years.... Read More »

 

Takata airbag crisis may spur maintenance changes in Japan

8:54 am U.S. ET | Dec. 18, 2014
Takata's airbag crisis could spur changes to how car owners maintain their vehicles, with Japan’s automakers discussing whether drivers should regularly replace the chemicals used to inflate the safety devices.... Read More »

 

Renault-Nissan and AvtoVAZ form Russia's biggest auto parts buyer

Dec. 18, 2014 14:20 CET
The Renault-Nissan alliance and AvtoVAZ will merge their purchasing activities in Russia to create the largest buyer in the country's auto industry.... Read More »

 

Smartphone app Zubie adds automotive retail and service perks

8:00 am U.S. ET | Dec. 18, 2014
Drivers don’t need a calendar to let them know when to go in for a service check -- Zubie can tell them. And now, the smartphone app is offering perks as well.... Read More »

 

UK car production seen flat in 2014 as exports weaken

Dec. 18, 2014 11:00 CET
British car production will remain flat in 2014 as model changeovers and economic uncertainty in export markets hit output.... Read More »

 

U.S. market has never been more competitive, IHS says

7:00 am U.S. ET | Dec. 18, 2014
The battle for market share among the largest eight automakers in the U.S. has never been greater as the range between them continues to narrow, a report from IHS Automotive said today.... Read More »

 

Mercedes-Benz USA mulls move south, reports say

9:17 am U.S. ET | Dec. 17, 2014
Mercedes-Benz, after more than 40 years in New Jersey, is considering moving its U.S. headquarters south to Georgia or North Carolina, according to media reports.... Read More »

 

Bosch's automotive head quits to become CEO of Mahle

Dec. 17, 2014 18:09 CET
The head of Bosch's automotive division, Wolf-Henning Scheider, has quit the world's top-ranked supplier to head smaller German rival Mahle, a maker of engine components.... Read More »

 

Acura to unwrap NSX at Detroit auto show

8:00 am U.S. ET | Dec. 17, 2014
Acura will reveal a production version of the NSX supercar -- the luxury brand's long-awaited halo car -- in Detroit next month.... Read More »

 

Toyota-PSA Czech JV plant cuts 2015 production target

Dec. 17, 2014 13:47 CET
Czech car factory TPCA, a joint venture of Toyota and PSA/Peugeot-Citroen, cut its 2015 production outlook by 10 percent to 220,000 vehicles.... Read More »

 

Takata says it has sufficient funds to deal with recalls

10:27 pm U.S. ET | Dec. 17, 2014
Airbag maker Takata has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company's CEO told the Nikkei newspaper.... Read More »

 

Honda ran tests on fatal airbag flaw, frustrated by Takata reticence, report says

7:34 am U.S. ET | Dec. 17, 2014
Honda was so concerned by mounting recalls for Takata airbags -- and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel -- that it bought used and scrapped cars in Japan to conduct its own tests.... Read More »

 

Volvo to provide 4-year subscription to SiriusXM traffic, weather information

3:40 pm U.S. ET | Dec. 17, 2014
Volvo customers will receive a 4-year subscription to SiriusXM traffic and weather information when purchasing a 2015 1/2 model equipped with the latest generation of Volvo Sensus Connect, the company's connected car platform, Volvo said Wednesday.... Read More »

 

Visteon to sell Halla Climate unit stake for $3.6 billion

12:38 pm U.S. ET | Dec. 17, 2014
Visteon has agreed to sell a majority stake in Halla Visteon Climate Control to South Korea’s Hankook Tire and its investment partner for $3.6 billion, to focus on connected-vehicle solutions and cockpit electronics.... Read More »

 

Forecasters see bigger loans, only modest uptick in delinquencies

11:45 am U.S. ET | Dec. 17, 2014
Favorable trends for auto lending should continue into 2015, including bigger average loans and leases and only small increases in delinquencies, analysts for credit bureaus TransUnion and Equifax predict.... Read More »

 

Incoming AIADA head vows to speak out on CFPB

10:15 am U.S. ET | Dec. 17, 2014
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 »

 

Ally, Wells Fargo prefer profit over volume

11:30 am U.S. ET | Dec. 17, 2014
Ally Financial and Wells Fargo Dealer Services, two of the nation’s largest auto lenders, say growing competition has them ready to sacrifice market share to protect profits.... Read More »

 

Acura boss sees rise in leasing in 2015

11:15 am U.S. ET | Dec. 17, 2014
Acura should see a “steady lift,” rather than a big jump, in leases as a portion of its U.S. sales volume in 2015, the brand's general manager says. Leases now account for less than 40 percent of Acura’s volume, below the luxury segment’s average.... Read More »

 

VW will oust head product strategist, report says

Dec. 17, 2014 15:22 CET
Volkswagen will oust its head product strategist, Klaus-Gerhard Wolpert, sources said, as the company increases efforts to raise profitability. Former Porsche executive Wolpert, who oversees strategy affecting more than 100 models across the multi-brand group, will be moved to VW's heavy trucks division, two sources told Reuters.... Read More »

 

PSA may move Paris headquarters, report says

Dec. 17, 2014 15:01 CET
PSA/Peugeot-Citroen is considering shifting its headquarters away from the center of Paris as a cost-cutting push impacts executive ranks, Bloomberg reported.... Read More »

 

Asian carmakers' Russia ambitions hit by ruble collapse

Dec. 17, 2014 13:28 CET
Asian carmakers, which have been gaining market share in Russia at the expense of European and U.S. rivals, have been hit as the ruble plunges and auto sales skid.... Read More »

 

 
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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
» Watch the Video