JIM HENRY

N.Y. Times story on subprime offers feds ammunition

12:01 am U.S. ET | July 23, 2014
A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record lows, and provides ammunition to auto finance industry critics in Washington.... Read More »

 

Smarter consumers, fewer defaults

12:01 am U.S. ET | July 23, 2014
The National Association of Minority Automobile Dealers and Ally Financial are partnering to promote financial literacy in stores. The program was unveiled at NAMAD's annual conference on July 9 in Miami. This is an excerpt from the July 14 AutoNews Now newscast.... Read More »

 

Some worry about F&I product regs, but not Jackson

12:01 am U.S. ET | July 23, 2014
AutoNation CEO Mike Jackson says that unlike some in the retail industry, he's not worried the Consumer Financial Protection Bureau could have plans to impose stricter monitoring of financing for F&I products.... Read More »

 

Capital One, Huntington target more prime loans

12:01 am U.S. ET | July 23, 2014
Capital One continues to push aggressively in auto loans while other big banks, such as Chase and Wells Fargo, have slowed auto loan growth amid accelerating competition, especially in prime-risk lending. Regional powerhouse Huntington Bank, based in Columbus, Ohio, is also pursuing much bigger volumes in prime auto loans... Read More »

 

Japan readies fuel cell subsidies in bet on Toyota's next big thing

10:44 am U.S. ET | July 23, 2014
Japan is readying subsidies to help Toyota and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.... Read More »

 

F&I TIP

3 questions can help sell GAP

10:21 am U.S. ET | July 23, 2014
Three questions can persuade customers to buy GAP from the dealership instead of their insurance company, says Mike Hustead, senior finance manager at Freedom Kia in Clarksburg, W.Va. (1) “A texting teenager T-bones you. Whose insurance is responsible?” Customer: “His.” (2) “Right. His insurance says your car is worth $30,000. You owe $35,000. Whose insurance pays the $5,000 difference?” Customer: “Mine.” (3) “Correct.... Read More »

 

DAVE GUILFORD

Maybe the EPA should just hire Consumer Reports for mpg ratings

10:10 am U.S. ET | July 23, 2014
Maybe the federal government should adopt Consumer Reports as a model for fuel economy testing. Or just outsource the task to the magazine.... Read More »

 

Daimler quarterly earnings rise 12% on sales of S class

July 23, 2014 08:25 CET
Daimler said second-quarter profit rose 12 percent as Mercedes S-class sales doubled and the company scaled back spending.... Read More »

 

Marchionne says Fiat Chrysler tie-up with VW was never on agenda

July 23, 2014 12:27 CET
Fiat Chrysler CEO Sergio Marchionne quashed all speculation of a possible tie-up with Volkswagen, saying the idea had never been on the agenda.... Read More »

 

Bentley names VW veteran as human resources chief

July 23, 2014 06:01 CET
Bentley named VW Group executive Marlies Rogait as its new head of human resources.... Read More »

 

Nissan pledges to keep it quirky after cutting Cube

6:35 am U.S. ET | July 23, 2014
Nissan pledges to add an “iconic” design to keep its lineup quirky after cutting two of the brand's most polarizing nameplates, the Cube and Murano CrossCabriolet.... Read More »

 

Brakes supplier Brembo to build new U.S. plant

July 23, 2014 12:05 CET
Italian brakes manufacturer Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on the continued strength of the country's automotive sector.... Read More »

 

Brembo to invest nearly $100M in new Michigan foundry, expand capacity

6:54 am U.S. ET | July 23, 2014
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector.... Read More »

 

Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET
Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market.... Read More »

 

First Shift: Have SUVs peeled ahead?

12:01 am U.S. ET | July 22, 2014
Snyder: Comparing tall vehicles, cars can be a case of apples versus grapefruit; Buick Regal impresses CR; Tesla downtime.... Read More »

 

GM to invest $800 million to renovate operations, add 1,750 jobs in Michigan

6:07 pm U.S. ET | July 22, 2014
GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs. The company will also add 1,750 jobs in the state after consolidating various engineering functions outside Michigan to a site in Michigan, the state said Tuesday in enhancing economic development incentives for the automaker.... Read More »

 

Kia in talks to open $1.5 billion Mexico assembly plant, report says

6:52 pm U.S. ET | July 22, 2014
Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters. The factory, which sources say will have an annual capacity of some 300,000 cars, would be built on the northeastern fringe of the city of Monterrey.... Read More »

 

Targeted digital video ads deliver preferred car colors

12:01 am U.S. ET | July 22, 2014
A New York company that creates personalized online video ads is harnessing the power of the palette. Say, for instance, a car shopper builds a shiny red SUV in an automaker's online configurator. Eyeview says its technology can deliver an online video advertisement of that shiny red SUV directly to that customer.... Read More »

 

New F-150's fuel economy will improve, but can it best Ram 1500?

2:50 pm U.S. ET | July 22, 2014
Ford's new aluminum-bodied 2015 F-150 pickup coming this fall might not be able to beat Chrysler Group's Ram 1500 and claim best-in-class fuel economy.... Read More »

 

Sonic's Q2 profits triple on extraordinary items; expenses rise

12:18 pm U.S. ET | July 22, 2014
Sonic Automotive posted higher revenue and net profit during the second quarter, but expenses increased as the retailer continues to ready its launches of a new customer-experience initiative and standalone used-car stores.... Read More »

 

Chrysler recalls older Jeep Commanders and Grand Cherokees for ignition switch

4:15 pm U.S. ET | July 22, 2014
Chrysler Group will recall as many as 792,300 2006-07 Jeep Commanders and 2005-06 Jeep Grand Cherokees globally to fix ignition switches that could be knocked out of the “on” position, causing a stall and possible loss of power to the airbags. Engineers are still developing a fix, and the company says it is initiating a recall “out of an abundance of caution.”... Read More »

 

Ford taps top engineer to lead Lincoln

11:52 am U.S. ET | July 22, 2014
In his first round of major personnel moves as Ford CEO, Mark Fields appointed the company's top engineer to lead Lincoln worldwide, replacing Jim Farley. Kumar Galhotra, 48, vice president of engineering since August 2013, will become president of Lincoln on Sept. 1, reporting directly to Fields.... Read More »

 

AutoNews Now: Taking charge at Lincoln

12:01 am U.S. ET | July 22, 2014
Automaker 'serious' about brand, Fields says; oversight moves from Farley to top engineer; Detroit 3 advice for small suppliers.... Read More »

 

Buick Regal, Volvo S60 join Consumer Reports' list of top upscale, sports sedans

6:00 am U.S. ET | July 22, 2014
The Buick Regal, refreshed with a revamped powertrain for 2014, now ranks among the top upscale sports sedans tested by Consumer Reports, just behind the BMW 328i but high enough to easily top the magazine's road test scores for the Cadillac ATS and CTS sedans.... Read More »

 

Lighter Ford F-150 to feature less standard hp, torque

12:34 pm U.S. ET | July 22, 2014
Ford's new aluminum-bodied F-150 will come with less standard horsepower and torque than today's pickups. In the lighter truck, drivers won't miss it, Ford executives said today.... Read More »

 

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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