Lamborghini to build SUV in Italy; launch planned for 2018

May 27, 2015 16:35 CET

Lamborghini will produce its new SUV in Italy, with the model due to enter the market in 2018. The company will hire 500 new employees and almost double the physical size of its plant in Italy's Emilia Romagna region.... Read More »

Auto loans and balances, boosted by millennials, rise in Q1

12:15 pm U.S. ET | May 27, 2015

Auto loans and balances grew in volume in the first quarter, with the youngest U.S. consumers leading the way. Despite those increases, auto loan delinquencies remained flat, credit bureau TransUnion reported today.... Read More »

Will CFPB's use of disparate impact be altered by Supreme Court housing ruling?

12:15 pm U.S. ET | May 27, 2015

Will a Supreme Court ruling in a Texas civil rights case alleging the state’s housing practices resulted in a disparate impact on African-Americans set a precedent that could affect the CFPB’s crackdown on auto lending? Dealership attorneys say the CFPB won’t benefit from the decision, but government officials believe the ruling could lead to a change in the bureau’s use of the disparate impact theory in the long-term.... Read More »

JAMIE LaREAU

BLOG: F&I providers and lenders, here's your chance to fulfill dealers' dreams

11:30 am U.S. ET | May 27, 2015

With gross profit margins on new-vehicle sales narrowing, dealers are worried about the future and where the profits on the sales side will come. The F&I office is an obvious place.... Read More »

F&I TIP

Finesse the timing of document printouts

11:32 am U.S. ET | May 27, 2015

Bill Paschen, finance director for Tuttle-Click Automotive Group, recommends preprinting only the temporary plate and the customer menu before inviting the customer into the F&I office. “If you have [all documents] preprinted, you don't get the rapport-building opportunity,” he advises, say, chatting about birthdays. “You can control the deal-flow by how fast you print,” e.g., faster for those in a hurry. And if you made a mistake, “you save trees.”... Read More »

Larry Miller Group launches Fast Pass to speed auto transactions

12:00 pm U.S. ET | May 27, 2015

Larry H. Miller Dealerships is pushing to put more of the car buying process online, but the F&I component will stay in the dealership. The group is launching LHM Fast Pass, a website tool that enables customers to select and reserve online a new or used vehicle for purchase or lease.... Read More »

Renault resumes production in Turkey

May 27, 2015 16:39 CET

Renault resumed normal production at its plant in Turkey after employees ended a strike. The protest over working conditions also affected output at factories operated by Fiat and Ford.... Read More »

Ford recalls 423,000 vehicles for power-steering issue

10:55 am U.S. ET | May 27, 2015

Ford today said it is recalling nearly 423,000 sedans and crossovers for a power-steering problem that federal regulators have been investigating since last fall. It also issued a smaller recall for a different issue in some 2015 Ford Mustangs.... Read More »

GUEST BLOG - DARON GIFFORD

BLOG: How suppliers can seize new opportunities in Mexico

10:10 am U.S. ET | May 27, 2015

Major automakers from around the globe are establishing or expanding operations in Mexico, and that means new challenges -- and opportunities -- for automotive suppliers.... Read More »

GABE NELSON

BLOG: Android Auto proves to be luxuriously simple

9:47 am U.S. ET | May 27, 2015

The launch of Google's Android Auto and Apple's CarPlay infotainment interfaces could upend the usual "the more you pay, the more you get" rule by giving cars from brands such as Chevrolet, Honda and Hyundai a better computer interface than most luxury cars have.... Read More »

GM sees growth for diesels in U.S. and China

May 27, 2015 14:36 CET

General Motors sees growth opportunities for diesel-powered vehicles in the U.S. and China as it expands its diesel development center in Turin, Italy. The center provides global GM brands with diesel technology.... Read More »

VIDEO: First Shift: Toyota still brand-value king

12:01 am U.S. ET | May 27, 2015

Toyota keeps 'most valuable car brand' title, BMW ranks 2nd; Takata hearing set; GM's Barra a global power; Ford's top-of-the-line Explorer; Ram releases longer Lambert video.... Read More »

Renault cautious on plug-in hybrids

May 27, 2015 06:01 CET

Renault is ready to launch its first plug-in hybrid but will wait for costs to drop before launching the model, a senior executive said.... Read More »

New Mich. group wants to take driverless-car mantle from Silicon Valley

7:01 am U.S. ET | May 27, 2015

Detroit put the world on wheels and should be the place that takes the driver out of the driver's seat, according to a coalition of Michigan business leaders and politicians. The new group, MICHauto, unveiled an initiative today to promote Detroit and Michigan for development of a new generation of mobility, including self-driving cars.... Read More »

Ford gives EVs a boost in UK car-sharing program

May 27, 2015 12:38 CET

Ford has joined automakers including BMW and Daimler in offering electric cars for short-term hire as it expands its car-sharing projects to the UK. GoDrive, which will operate in London, offers access to 50 vehicles, half of them EVs, to drive for one-way journeys throughout the city.... Read More »

Valeo expects higher sales, profits this year

May 27, 2015 12:05 CET

Valeo CEO Jacques Aschenbroich reiterated that the supplier's sales in 2015 will outpace growth in global markets. Aschenbroich expects an operating margin slightly higher than the 7.2 percent margin in 2014.... Read More »

Toyota remains most valuable car brand despite airbag recalls

May 27, 2015 10:25 CET

Toyota kept its title as the most valuable car brand in 2015 despite recent airbag recalls denting its worth, according to a study that ranks the top 100 global brands. BMW remained No. 2, while Mercedes was third.... Read More »

Porsche extends contract of production boss

May 27, 2015 06:01 CET

Porsche has extended the contract of its production and logistics boss, Oliver Blume, by five years. Blume is a former head of global production planning at VW who started his career at Audi.... Read More »

2015 RISING STARS

Automotive News Europe salutes Heli Hassinen-Biberger

May 27, 2015 06:01 CET

Automotive News Europe salutes the winners of the 2015 Rising Stars awards. Every day through June 4 one of the 14 winners will be featured. The Rising Star for Human Resources is Heli Hassinen-Biberger of Nissan.... Read More »

House panel sets hearing on Takata recalls

3:19 pm U.S. ET | May 26, 2015

A House of Representatives panel has called a June 2 hearing to probe the Takata airbag recalls that last week mushroomed to cover 34 million vehicles.... Read More »

GM unveils $1.2 billion investment plan for Indiana pickup plant

1:15 pm U.S. ET | May 26, 2015

GM will invest $1.2 billion to improve the Indiana plant where it makes full-size pickups. The investment, part of the $5.4 billion that GM said last month it will spend on its US operations over the next three years, will include a new paint shop and an expanded body shop.... Read More »

Supplier EFI Automotive opens N.A. headquarters in Alabama

5:05 pm U.S. ET | May 26, 2015

French supplier EFI Automotive opened its first North American headquarters, in Elkmont, Ala., after spending $2.5 million to expand the site of its plant there.... Read More »

NGK says 2 execs retired before price-fixing indictments

2:38 pm U.S. ET | May 26, 2015

Two former executives with Japanese supplier NGK Spark Plug had retired before they were indicted Thursday on a charge of conspiring to fix prices of spark plugs, standard oxygen sensors and air fuel ratio sensors sold to some automakers in the US and elsewhere.... Read More »

Hyundai wins race to offer Android Auto

8:00 am U.S. ET | May 26, 2015

Hyundai has become the first car company to offer Google's new Android Auto interface by launching it in the 2015 Sonata. The launch is a big win for Hyundai, which had raced to be first to offer Android Auto, and for Google, which could get its sleek, colorful system into tens of thousands of cars before archrival Apple can do the same with its iPhone interface, known as CarPlay.... Read More »

GM president rebuffs Marchionne's merger talk

May 26, 2015 17:10 CET

General Motors sees no need to merge with another automaker to maintain profitability, the company's president, Dan Ammann, said. Ammann was commenting after a report said Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra suggesting combining the automakers.... Read More »

Automotive News
Special Video Report
Nissan's Munoz: 'You grow or you go'

Nissan's Munoz: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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