AutoNews Now: GM seeks 'most valued' title

12:01 am U.S. ET | Oct. 1, 2014
Company counting on new Cadillacs, tech-heavy vehicles; GM, Nissan, Chrysler post 19% sales gains; Paris gets the boots.... Read More »

 

Accord, TLX push Honda ahead of 2013 pace

12:01 am U.S. ET | Oct. 1, 2014
Honda is finally back in the black -- barely. Helped by strong demand for the Honda Accord and Acura TLX sedans, American Honda Motor Co. posted a 12 percent sales increase in September to 118,223 units.... Read More »

 

Chevy Trax will start at $20,995 in U.S. debut

11:51 am U.S. ET | Oct. 1, 2014
The 2015 Trax, Chevrolet's seventh small vehicle launched in the past four years, will start at a retail price of $20,995 including shipping, General Motors said in a statement today.... Read More »

 

MIKE COLIAS

What the new Opel Corsa and next-gen Chevy Volt have in common

1:33 pm U.S. ET | Oct. 1, 2014
It wasn't long ago when the smallest engine in one of General Motors' smallest European cars wouldn't have stood a chance of showing up under hoods in the United States. But times have changed, thanks to tightening fuel-economy and emissions standards.... Read More »

 

GM deliveries advance 19%; biggest jump in 3 years

12:01 am U.S. ET | Oct. 1, 2014
GM's sales rose 19 percent in September, its largest year-over-year gain in three years, to 223,437, with full-size pickups accounting for more than half of the increase. GM's fleet sales rose 30 percent, while its total retail sales increased 17 percent. By segment, retail sales declined 1 percent for GM's lineup of cars and crossovers but surged 48 percent for trucks and SUVs.... Read More »

 

Italy car sales rise 3% in September

Oct. 1, 2014 19:33 CET
New-car registrations in Italy rose 3 percent in September, according to data published by the country's transport ministry. Full-year sales are seen rising to about 1.35 million, up from the 1.3 million units sold last year.... Read More »

 

Chrysler Capital lowers rate cap on dealer reserve

12:01 am U.S. ET | Oct. 1, 2014
Chrysler Capital is cutting its maximum permissible dealer reserve to 175 basis points, or 1.75 percentage points, effective today. The previous maximum was 200 basis points. Chrysler Capital, which provides full-service financing to Chrysler Group dealerships, notified retailers of the change in a fax last week.... Read More »

 

Magna unit to acquire closures supplier Techform

12:55 pm U.S. ET | Oct. 1, 2014
Magna International's closures unit plans to acquire Techform Group, a supplier of hinges, door locking rods and other closure products. Terms of the deal, expected to be completed early this month, were undisclosed.... Read More »

 

Is it wise to keep putting the car before the cash?

12:01 am U.S. ET | Oct. 1, 2014
Dealerships can and should take some of the risk out of making spot deliveries, experts say.... Read More »

 

JIM HENRY

Lenders must look through consumers' eyes

12:01 am U.S. ET | Oct. 1, 2014
In the second of what's shaping up to be a series of attacks on subprime auto finance -- the first was in July -- The New York Times last week made a breathless page one story out of a years-old device: the vehicle starter interrupt.... Read More »

 

Q&A

F&I managers need intelligence, empathy -- and good training

12:01 am U.S. ET | Oct. 1, 2014
Today’s all-out emphasis on regulatory compliance has led to the biggest change in F&I training in recent memory, says Robert Serum, a career educator in dealership operations. The biggest F&I hurdle, though, remains the same, he says: The need for dealerships to find the right person to head the department.... Read More »

 

PSA's Tavares keeps door open to partnerships

Oct. 1, 2014 16:42 CET
PSA CEO Carlos Tavares says the carmaker is open to potential partnerships but must first complete its restructuring. In July, PSA reported a surprise surge in first-half cash flow and the first auto-division profit in three years.... Read More »

 

F&I TIP

How high-tech vehicles can sell service contracts

9:57 am U.S. ET | Oct. 1, 2014
F&I managers should exploit customers’ concern about complicated technology to help sell extended service contracts, said F&I trainer Rick McCormick at last month’s Industry Summit in Las Vegas. He pointed to this year’s J.D. Power Initial Quality Study, which showed an increase in “things gone wrong.... Read More »

 

2014 PARIS AUTO SHOW

Lamborghini, Ferrari supercars join fuel sippers as show stars

Oct. 1, 2014 06:01 CET
Supercars such as a new 900hp Lamborghini and the Ferrari 458 Speciale A will line up alongside fuel-efficient plug-in hybrids such as the VW Passat GTE at the Paris auto show. The Mercedes-AMG GT and Jaguar XE will also debut.... Read More »

 

EU probes Portugal's MQB platform aid to Volkswagen

Oct. 1, 2014 12:37 CET
The European Union has launched an investigation into Volkswagen's planned receipt of 36.15 million euros ($45.6 million) of state aid for investing in its MQB platform technology at a plant in Portugal.... Read More »

 

First Shift: Ford hiring 1,000 in Canada

12:01 am U.S. ET | Oct. 1, 2014
Overseas exports for redesigned Edge; GM landmark; dealer Irma Elder, Chevy collector Ray Lambrecht die; Detroit truck tactics.... Read More »

 

Ford to add 1,000 jobs at Canada plant making redesigned 2015 Edge

7:29 am U.S. ET | Oct. 1, 2014
As it prepares to launch the redesigned 2015 Edge crossover for global markets, Ford will add more than 1,000 jobs at its Oakville Assembly plant in Canada.... Read More »

 

GreenTech Automotive raises $47 million in equity offering

6:31 am U.S. ET | Oct. 1, 2014
GreenTech Automotive Inc., the battery-powered carmaker previously led by Virginia Gov. Terry McAuliffe, raised $47 million in an equity round. Ninety-four investors contributed to the financing, according to a filing Monday with the U.S. Securities and Exchange Commission.... Read More »

 

Spanish new-car sales up 26% in September

Oct. 1, 2014 11:50 CET
New-car registrations in Spain rose 26 percent in September, the market's 13th consecutive month of growth, as continued support from a government subsidy program helped boost sales.... Read More »

 

PSA leads 6% gain in French car sales in September

Oct. 1, 2014 10:56 CET
PSA led a 6 percent gain in French car sales last month as registrations at the automaker jumped 17 percent. Sales were also boosted by an extra selling day, the CCFA industry association said.... Read More »

 

CAR CUTAWAY

Jaguar F-Type relies on Stadco's aluminum skin

12:01 am U.S. ET | Oct. 1, 2014
Stadco supplies the vast majority of the aluminum outer structure for the new Jaguar F-Type, including the door and hood assemblies and front and rear fenders.... Read More »

 

2014 Eurostar winner Heinz-Gerhard Wente

Oct. 1, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars achieved success by exceeding expectations. Heinz-Gerhard Wente, head of Continental's ContiTech division, is this year's Eurostar winner for Supplier Division CEO.... Read More »

 

2014 Eurostar winner Elon Musk

Oct. 1, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars achieved success by exceeding expectations. Tesla co-founder and CEO Elon Musk is this year's Eurostar winner for Entrepreneur.... Read More »

 

2014 PARIS AUTO SHOW

Renault Clio will be first production car with upscale trim line

Sept. 30, 2014 12:17 CET
Renault will launch its upscale Initiale Paris trim line on its Clio subcompact. Renault, Ford and PSA are upgrading their models in Europe by adding premium features in a bid to attract affluent customers who find luxury brands too expensive.... Read More »

 

AutoNews Now: CR-V rearmed for battle

12:01 am U.S. ET | Sept. 30, 2014
Honda's newly refreshed crossover leads hot segment; revive Mazda's rotary?; turbo sales forecast; Hellcat sets auction record.... Read More »

 

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