First Shift: Toyota's slim lead over VW

12:01 am U.S. ET | July 30, 2014
U.S. SUV sales help Japanese automaker keep global crown, GM in 3rd place; Fiat net falls 55%; Volt beats Leaf in test.... Read More »

 

Marchionne says he is open to new alliances but won't sell Alfa Romeo

July 30, 2014 17:10 CET
Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs.... Read More »

 

Audi said to plan efficiency push to lower costs

July 30, 2014 20:45 CET
Audi CEO Rupert Stadler plans steps to boost efficiency and lower costs on all operating levels, a source said, as the luxury carmaker struggles to raise output and profit margins.... Read More »

 

Lexus' plans exclude China plant

5:13 pm U.S. ET | July 30, 2014
Lexus has no plans to join the rush of carmakers manufacturing in China because it has to learn to crawl in that market before it runs, a top executive says.... Read More »

 

Chrysler recalls nearly 30,000 Fiat 500L cars for airbag glitch

4:28 pm U.S. ET | July 30, 2014
Chrysler Group is recalling 29,500 Fiat 500L cars from the 2014-15 model years to replace knee airbags that may not deploy in the correct position if the driver is not wearing a seatbelt.... Read More »

 

Germany's ZF in advanced talks to buy TRW for near $12 billion, report says

1:22 pm U.S. ET | July 30, 2014
Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today.... Read More »

 

Mitsubishi's quarterly profit gains paced by Europe

4:14 pm U.S. ET | July 30, 2014
Europe was Mitsubishi's most profitable region in the fiscal first quarter ended June 30, the company said today.... Read More »

 

GM resumes pickup output at Indiana plant

12:53 pm U.S. ET | July 30, 2014
Production resumed today at one of GM's three pickup plants after being idled because of an interruption in sheetmetal supplies, the company said.... Read More »

 

Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales.... Read More »

 

Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'

3:10 pm U.S. ET | July 30, 2014
A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket. "We could go down and build a car under $30,000, but it would be decontented, and you'd be cutting corners. It wouldn't be a Lexus," Mark Templin, Lexus International's executive vice president, told Automotive News.... Read More »

 

Audi CEO vows efficiency drive to enhance margins, report says

2:45 pm U.S. ET | July 30, 2014
Audi plans steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins.... Read More »

 

Hyundai recalls 883,000 Sonata sedans to repair transmission-shift cable

8:06 am U.S. ET | July 30, 2014
Hyundai is recalling about 883,000 Sonata sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. It is also recalling 5,650 Sonatas from the 2015 model year in the United States and Puerto Rico because one or both front-brake calipers may crack, making the brakes less effective and raising the risk of a crash, NHTSA documents show.... Read More »

 

Jaguar touts aluminum features on upcoming XE

12:35 pm U.S. ET | July 30, 2014
Jaguar Land Rover is touting the aluminum features on its upcoming Jaguar XE sedan, promising it will be the most fuel efficient vehicle in brand history.... Read More »

 

Fiat profit falls on weak North, South America performance; Europe loss reduced

July 30, 2014 11:33 CET
Fiat reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak Latin American and disappointing North American results.... Read More »

 

Small cars struggle in latest round of IIHS crash tests

12:01 am U.S. ET | July 30, 2014
Small cars performed poorly in a new round of insurance industry crash testing, with the four-door Mini Cooper Countryman receiving the only good rating of 12 cars evaluated. Meanwhile, the lithium ion electric batteries of the Chevrolet Volt plug-in hybrid and Nissan Leaf electric vehicle survived during their first Insurance Institute for Highway Safety tests with no problems reported.... Read More »

 

Dahlheim named CEO of VW Credit

12:01 am U.S. ET | July 30, 2014
VW Credit named CFO Christian Dahlheim CEO of the captive finance company today, succeeding Andrew Stuart, who left the company to become CEO of U.S. operations for TD Auto Finance.... Read More »

 

BMW Group tops dealer finance satisfaction survey

12:01 am U.S. ET | July 30, 2014
BMW Group Financial Services dominated nearly every category of J.D. Power's 2014 U.S. Dealer Financing Satisfaction Study released this week.... Read More »

 

Group 1 leads peers in F&I revenue per vehicle; Penske trails again

12:01 am U.S. ET | July 30, 2014
Group 1 Automotive's 120 U.S. dealerships had the highest average F&I revenue per vehicle retailed in the second quarter among the six publicly traded new-car groups. It was the fourth quarter in a row that Group 1 posted higher results than its peers.... Read More »

 

Redesigned Mercedes-Benz C-class sedan packed with new tech

10:38 am U.S. ET | July 30, 2014
Mercedes-Benz is vying for the luxury compact crown with the redesigned 2015 C-class sedan, equipped with new technology and features trickled down from the S-class flagship.... Read More »

 

JIM HENRY

Calif. ballot proposal misses cut for November vote

12:01 am U.S. ET | July 30, 2014
A California consumer advocacy group’s ballot initiative that would have outlawed dealer reserve in the state won’t make it on the November ballot this year.... Read More »

 

F&I TIP

Looking for shortcuts? Draw a map

12:01 am U.S. ET | July 30, 2014
To streamline car buying and financing, dealerships should draw a step-by-step map of their sales process, from meet-and-greet when the customer walks in until the deal is complete, says Mike Stoll, director of the professional services group for ADP Dealer Services. "I'm in hundreds and hundreds of dealerships," he said in an Automotive News Webinar this month. "Most dealerships do not have that process mapped out to where it can be improved."... Read More »

 

VW closes gap on Toyota's global lead

July 30, 2014 08:02 CET
Volkswagen is closing in on Toyota as the global leader in vehicle sales, with a rapid expansion drive in China while Toyota curbs growth to focus on shoring up quality.... Read More »

 

PSA's car division back in profit as new CEO makes mark

July 30, 2014 08:27 CET
PSA/Peugeot-Citroen narrowed its first-half net loss and posted the first positive contribution from its core auto division in three years, as the carmaker's recovery plan began to show early results.... Read More »

 

Land Rover preps Discovery Sport with room for 7

10:33 pm U.S. ET | July 29, 2014
Land Rover confirmed plans Tuesday to offer a Discovery Sport model -- billed as a compact, family SUV -- that will be available with seating for seven passengers in a 5+2 configuration.... Read More »

 

Tesla's Musk to portray himself on 'The Simpsons'

10:26 am U.S. ET | July 29, 2014
Tesla Motors CEO Elon Musk will be providing the voice for himself in an episode in the 26th season of “The Simpsons,” the show's executive producer, Al Jean, said at a recent Comic-Con panel.... Read More »

 

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