Audi earmarks $29 billion through 2019 to chase BMW's crown

3:34 am U.S. ET | Dec. 27, 2014
Audi will spend $29 billion to develop technology and expand production, boosting its five-year investment plan by $2.44 billion as it chases BMW for the top spot in luxury-car sales.... Read More »

 

In Cuba's sea of classic cars, the truly valuable are elusive

12:01 am U.S. ET | Dec. 27, 2014
American collectors who envision a wave of classic cars from Cuba coming onto the market will need to temper their expectations.... Read More »

 

Tesla offers Roadster upgrade package to reach a 400-mile range

4:24 pm U.S. ET | Dec. 26, 2014
Tesla Motors is offering a suite of upgrades to its sporty two-seat roadster, which it no longer sells, giving owners as much as a 400-mile range, enough to drive from San Francisco to Los Angeles.... Read More »

 

Tesla to help Chinese buyers trade in their old cars for Model S

8:10 am U.S. ET | Dec. 26, 2014
Tesla Motors will help Chinese buyers trade in their old cars if they buy a Model S, part of the automaker’s latest efforts to spur sales of its all-electric sedan in the world’s biggest vehicle market.... Read More »

 

Hyundai, Kia promote younger execs, with eye on succession planning

7:57 am U.S. ET | Dec. 26, 2014
Hyundai Motor and affiliate Kia Motors promoted younger executives Friday in moves analysts said would help smooth an eventual leadership succession at the family-owned conglomerate.... Read More »

 

Subaru scraps plan to shift Crosstrek production to U.S., report says

7:50 am U.S. ET | Dec. 25, 2014
Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its plant in the United States and will instead make the SUV in Japan, a source familiar with the company's production plans told Reuters.... Read More »

 

First Shift: Takata president steps down

12:01 am U.S. ET | Dec. 24, 2014
Chairman Shigehisa Takada replaces Stefan Stocker amid recall crisis; FJ Cruiser departs; 918 Spyder recall; Faurecia appeal.... Read More »

 

Takata president steps down from role, CEO to reclaim title

6:19 am U.S. ET | Dec. 24, 2014
Takata, the auto supplier embroiled in a global safety crisis, said today its president, Stefan Stocker, would step down and CEO Shigehisa Takada, 48, would once again assume the role to unify the company's response to the recall of millions of vehicles carrying defective airbags.... Read More »

 

Dodge flexes muscle, sheds family-car image

12:01 am U.S. ET | Dec. 24, 2014
Chrysler bills the Hellcat as the fastest production sedan on earth, and this isn't simply about bragging rights. Dodge, derided not so long ago for selling mostly bland family haulers, is rebooting itself as a muscle-car brand that appeals to guys in their 20s and 30s.... Read More »

 

Hertz raises U.S. prices as fleet costs increase

5:16 pm U.S. ET | Dec. 23, 2014
Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too.... Read More »

 

First Shift: Safety booming, despite recalls

12:01 am U.S. ET | Dec. 23, 2014
'Top Safety Picks' rise; 'tis the overtime season at truck plants; Google self-driving milestone; supplier relations worsen.... Read More »

 

Porsche recalls 918 Spyder to replace faulty chassis parts

5:08 pm U.S. ET | Dec. 23, 2014
Porsche is recalling 205 of the limited-edition 918 Spyder, the German carmaker’s most expensive model, to replace defective chassis parts.... Read More »

 

Dealership settles with FTC over '$1' ads

3:31 pm U.S. ET | Dec. 23, 2014
The Federal Trade Commission, as part of an ongoing crackdown on deceptive dealership advertising for finance deals, has reached a proposed settlement with a dealership in suburban Dallas.... Read More »

 

Faurecia vows to appeal $2.4M fine for market breaches

12:47 pm U.S. ET | Dec. 23, 2014
French auto parts maker Faurecia said today it would appeal against a 2 million euro ($2.44 million) fine imposed by the country's AMF stock market regulator for alleged selective disclosure of financial information to stock analysts in 2012.... Read More »

 

Aluminum wave could boost dent-repair policies

12:01 am U.S. ET | Dec. 23, 2014
Automakers' growing use of aluminum body parts to save weight and fuel could create an opportunity for dealership F&I departments to sell more paintless dent removal policies, some F&I experts say.... Read More »

 

AutoNews Now: Opportunity, obstacles in Cuba

12:01 am U.S. ET | Dec. 23, 2014
Economics, politics could deter carmakers; FCA confirms Kokomo spending; GM plant's ripple effect; Honda's moving tribute.... Read More »

 

Mixed results for 2014 F&I predictions

11:00 am U.S. ET | Dec. 23, 2014
In January, we noted five trends that F&I experts predicted could affect your business this year. All turned out to be worth watching, but just two -- “Dealer reserve under fire” and “Training and more training” lived up to the hype.... Read More »

 

JIM HENRY

Consent orders and the law of unintended consequences

11:14 am U.S. ET | Dec. 23, 2014
The Consumer Financial Protection Bureau quietly terminated a consent order with Minneapolis-based U.S. Bank last month, a contrast to the fuss it made in announcing the agreement in June 2013.... Read More »

 

Q&A

Behind Gateway One's 'high-tech, high-touch' approach

12:01 am U.S. ET | Dec. 23, 2014
Gateway One Lending & Finance, a relatively small but growing auto lender, assigns dedicated teams to specific dealerships, to encourage closer dealer relationships. COO Todd Pierson refers to the strategy as “high-tech, high-touch.”... Read More »

 

Growing list of safe cars belies fears in record recalls

6:22 am U.S. ET | Dec. 23, 2014
The insurance industry's list of cars and trucks that do the best job of keeping owners alive in a crash jumped 82 percent this year against a backdrop of US recalls of older models that were killing their passengers.... Read More »

 

Nissan sees record 2015 for Leaf EV in Europe

Dec. 23, 2014 06:01 CET
Nissan expects to increase European sales of the Leaf electric car by "double-digit" percentage points in 2015 following record sales this year.... Read More »

 

UK may get new auto show in 2016

Dec. 23, 2014 10:51 CET
The UK could once again have a major auto show after organizers announced dates for an event in 2016. BNC Special Events plan to stage an event for car enthusiasts in London.... Read More »

 

DAVE GUILFORD

Why Russia's crash is just part of the emerging markets drill

12:01 am U.S. ET | Dec. 23, 2014
Russia is the latest developing market to go through convulsions. But automakers invested in Russia say they’re staying. Their eyes are on the prize of long-term sales growth.... Read More »

 

Used-car buyers are big F&I opportunity

12:01 am U.S. ET | Dec. 23, 2014
Otto Belovich believes it is a disservice to his customers -- especially those who buy used vehicles -- if he doesn't offer them the opportunity to purchase a service contract.... Read More »

 

F&I TIP

A rational ratio = F&I success

12:01 am U.S. ET | Dec. 23, 2014
What’s a good mix of F&I revenue? Paul McCarthy, F&I director at Stevenson Automotive Group in Jacksonville, N.C., says dealerships that rely on dealer reserve for 40 percent of their F&I revenue are “going to be in trouble.”... 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
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