AutoNews Now: Acura to show off its 'halo'

12:01 am U.S. ET | Dec. 17, 2014
Production NSX set for Detroit unveiling; Nissan teases new Titan; Jeep on a sales climb; Mixed reviews for 'FCA US'.... 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 »

 

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 »

 

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 »

 

JIM HENRY

Will the CFPB redefine “larger”?

12:01 am U.S. ET | Dec. 17, 2014
Auto industry watchers that formally weighed in on the Consumer Financial Protection Bureau’s definition of “larger” auto lenders took predictable positions before the public comment period closed last week.... 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 »

 

F&I TIP

A picture perfect way to sell GAP

11:01 am U.S. ET | Dec. 17, 2014
To pitch guaranteed asset protection, use a visual to illustrate unexpected events, suggests Chris Shields, business manager for Mountain Valley Motors (Chrysler-Jeep-Dodge-Ram) in Blue Ridge, Ga. GAP pays the shortfall if insurance proceeds on a stolen or totaled vehicle aren’t enough to pay the owner’s loan or lease balance. Shields got his prop the hard way: “I show a picture of my wife’s totaled Mazda, when a huge tree limb fell on it right in our driveway.”... 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 »

 

Online F&I product sales a 'struggle'

12:01 am U.S. ET | Dec. 17, 2014
Dealership staffers must either present F&I products to customers when they take delivery of their car or contact them later by phone, says Lou Bregou, a director of operations at Driver's Village. Selling F&I online is "an uphill struggle," he says. "We're not there yet."... Read More »

 

In-store kiosks put F&I right in front of customers

12:01 am U.S. ET | Dec. 17, 2014
Michael Fastman is buying kiosks for BMW of Silver Spring, in Silver Spring, Md., where he is general manager, and BMW of Catonsville, in Baltimore, where he is in charge of operations.... Read More »

 

ONWARD ONLINE

After decades of store confinement, the F&I office is inching digital

12:01 am U.S. ET | Dec. 17, 2014
Lou Bregou, a director of operations at Driver's Village in Cicero, N.Y., says he has embraced putting financing tools on the dealership group's e-commerce website. Why not? The features that enable online car shoppers to get firm financing quotes, monthly payment calculations and trade-in values are helping the 16-dealership, 20-franchise group sell vehicles.... Read More »

 

Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs

8:21 am U.S. ET | Dec. 17, 2014
Brose North America plans to invest $97.6 million to expand at three locations around Detroit, generating 388 new jobs.... Read More »

 

THE GM RECALL

GM customers demand payment for 'callous cover-up' of defect

7:56 am U.S. ET | Dec. 17, 2014
Owners of General Motors cars with faulty ignition switches turned to the only judge who can help them, saying it's wrong to shield the automaker behind bankruptcy law.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mercedes pushes S-class plug-in's zip

Dec. 17, 2014 06:01 CET
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers that going green doesn't mean slowing down or paying more.... Read More »

 

Alfa Romeo readies high-performance engines

Dec. 17, 2014 08:55 CET
Alfa Romeo plans to introduce new high-performance engines, including a range-topping V-6, in a bid to reconnect the brand to its sporty heritage.... Read More »

 

Budget brands win despite Europe's car sales slowdown

Dec. 16, 2014 09:33 CET
New-car registrations in Europe rose 1 percent last month, with budget brands beating the market as nervous consumers kept a tight lid on spending. Vehicle sales in the EU and EFTA markets advanced to 989,457 cars. Eleven-month sales are up 6 percent to 12 million.... Read More »

 

The road ahead for NHTSA's new chief

10:30 pm U.S. ET | Dec. 16, 2014
Mark Rosekind, confirmed to head the National Highway Traffic Safety Administration, faces immediate pressure to take a tougher stance with automakers and suppliers on safety matters, reset the agency's culture and manage the coming wave of autonomous-vehicle and other advanced technologies.... Read More »

 

AutoNews Now: What's not in a Chrysler name?

12:01 am U.S. ET | Dec. 16, 2014
U.S. unit renamed FCA US LLC; Mitsu's big break; Nissan closing gap; VW Golf, GMC Canyon named 'Best of the Best.'... Read More »

 

First Shift: Gas-price drop bad for F-150?

12:01 am U.S. ET | Dec. 16, 2014
Consumers may not want to pay premium for lighter truck, analyst says; European market cools; Jag's 'transparent' pillars.... Read More »

 

U.S. prepares for legal battle with Takata over airbag recall

10:33 pm U.S. ET | Dec. 16, 2014
U.S. regulators investigating failures of Takata Corp. airbags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall.... 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, 5th-generation dealer Jamie Richter, acting on his dad's advice, has taken luxury-hotel touches and applied them to his newly built showroom. Mon., December 15
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