Retail

Cadillac to chart new brand course in N.Y.

12:01 am U.S. ET | Nov. 29, 2014
Uwe Ellinghaus doesn't like to see Cadillac explicitly comparing itself to German luxury competitors in its ads. But he's determined to see Cadillac adopt the marketing strategies used by those rivals, including his former employer, BMW. The results of that drive will show up in April, Cadillac's marketing chief says, when Cadillac unveils its range-topping CT6 sedan.... Read More »

 

$2 gasoline in sight for some U.S. drivers as OPEC resists cuts

4:34 pm U.S. ET | Nov. 28, 2014
For the first time in five years, $2 gasoline is making a comeback in some parts of the U.S., just in time for the Christmas holiday and giving another boost to light-vehicle sales.... Read More »

 

Michelin to double budget-tire sales to counter Chinese gains

Nov. 28, 2014 06:01 CET
Michelin will nearly double the proportion of budget tires in its global sales mix to as much as 30 percent to counter the huge rise in Chinese imports sold in Europe and the U.S., CEO Jean-Dominique Senard told Automotive News Europe.... Read More »

 

LUCA CIFERRI

Why Audi over-engineered its fuel cell

12:01 am U.S. ET | Nov. 28, 2014
Audi r&d boss Ulrich Hackenberg provided a concise answer when asked why the carmaker's fuel cell also needs plug-in hybrid technology.... Read More »

 

Opel is succeeding in restoring poor image, exec says

Nov. 27, 2014 06:01 CET
Opel is succeeding in turning around its tattered image in Germany, the brand's marketing chief Tina Mueller said.... Read More »

 

Audi makes Q3 greener to keep lead over BMW X1

Nov. 27, 2014 11:34 CET
The Audi Q3 will get more efficient powertrains with technology such as the crossover's first use of fuel-saving cylinder deactivation as part of its mid-cycle refresh. Audi starts European sales of the revised Q3 in February.... Read More »

 

India may extend tax breaks for carmakers beyond 2014, report says

Nov. 27, 2014 11:08 CET
India may extend excise duty concessions for carmakers beyond Dec. 31, a finance ministry source said. European automakers such as Renault and VW are trying to gain a foothold in the market, which is led by Asian brands.... Read More »

 

LINDSAY CHAPPELL

Bad weather will shape future retailing

12:01 am U.S. ET | Nov. 27, 2014
Bad weather has the power to overturn auto industry forecasts and plans and outlooks. And the long-range expectations for worse weather to come could have the power to mess up the industry's neat longstanding practices and traditions.... Read More »

 

Chrysler says airbag recall to start earlier than planned

4:17 pm U.S. ET | Nov. 26, 2014
Chrysler Group will send recall notifications to owners of vehicles equipped with potentially defective Takata airbags nearly two weeks earlier than planned, the company said late Wednesday.... Read More »

 

Delinquency uptick on target, analysts say

11:30 am U.S. ET | Nov. 26, 2014
Analysts have been predicting for the past two years or so that auto loan delinquencies would grow, but the numbers are only now starting to catch up with the forecasts.... Read More »

 

JIM HENRY

Military ends paycheck deductions for car loans

12:01 am U.S. ET | Nov. 26, 2014
The Department of Defense last week made it impossible for service members to use the reliable but old-fashioned military allotment system to make auto loan payments -- a small-scale example of a couple of bad apples in auto lending ruining things for everyone else.... Read More »

 

VW Credit, Lincoln Financial tops in consumer satisfaction; captives sweep financing study

11:30 am U.S. ET | Nov. 26, 2014
Website enhancements and a consumer invoice redesign paid off for Volkswagen Credit, which ranked tops among mass-market lenders in the J.D. Power 2014 U.S. Consumer Financing Satisfaction Study. VW Credit garnered 836 out of 1,000 possible points to best Ford Credit, which came in second, and Honda Financial Services, which took third place.... Read More »

 

More subprime lenders are on the hot seat

11:30 am U.S. ET | Nov. 26, 2014
Three regulatory agencies -- two in New York and the Consumer Financial Protection Bureau in Washington -- have taken distinct actions recently against three different subprime auto lenders.... Read More »

 

U.S. auto loan originations at highest level in 9 years, N.Y. Fed says

6:14 pm U.S. ET | Nov. 25, 2014
Americans took out the most auto loans in nine years during the third quarter, according to the Federal Reserve Bank of New York's quarterly Household Debt and Credit Report.... Read More »

 

Discounts, falling gas prices driving Nov. sales higher

3:30 pm U.S. ET | Nov. 25, 2014
The U.S. auto industry may post its highest November sales volume since 2001, and one forecaster says light-vehicle transaction prices are on pace to reach the highest level ever for a second consecutive month. Year-end clearance sales and the lowest gasoline prices since 2010 are two big factors behind the forecasts.... Read More »

 

Lexus' Bracken says 300,000 U.S. sales 'is within our grasp' this year

1:35 pm U.S. ET | Nov. 24, 2014
Lexus is raising its U.S. sales target to 300,000 vehicles this year, General Manager Jeff Bracken said. “We started the year with a sales goal of 290,000 units,” Bracken told Automotive News. “Now 300,000 is within our grasp.”... Read More »

 

Buffalo dealers dig out while Ford restarts stamping plant

2:44 pm U.S. ET | Nov. 24, 2014
Auto dealers in the Buffalo region are reopening this week after digging out from the massive snowstorm that dumped up to 7 feet of snow in some areas. Meanwhile, Ford's Buffalo Stamping Plant resumed operations over the weekend after suspending operations because of impassable roads.... Read More »

 

Ford to keep base price stable on Explorer, but raises top trim level

3:58 pm U.S. ET | Nov. 24, 2014
Ford has held the line on prices for the refreshed 2016 Explorer crossover, but a new top-of-the-line Platinum trim raises the ceiling on what a customer can spend for the hot-selling full-size crossover to well above $50,000.... Read More »

 

Fiat takes on 'Fix It Again, Tony' in spot for the 500X

11:30 am U.S. ET | Nov. 24, 2014
Fiat global brand head Olivier Francois calls Tony “the elephant in the room.” And for more than five years, Fiat has tried to run away from him, even though Tony does not exist, but no more. A new spot for the Fiat 500X finally takes on Tony -- the nom de guerre for the brand's decades-old quality woes in its “Fix It Again, Tony” English-language acronym.... Read More »

 

Fuel cell cars steal spotlight

12:01 am U.S. ET | Nov. 24, 2014
Automakers are beginning to nudge the hydrogen fuel cell vehicle out of the illusion factory that is Southern California and into the broader conversation about the future of clean transportation.... Read More »

 

Toyota's fuel cell goal: Big cost cutting

12:01 am U.S. ET | Nov. 24, 2014
Toyota Motor Corp.'s top fuel cell engineer predicts the automaker will slash the cost of the next hydrogen-fueled powertrain to between one-third and one-fourth the cost of the current system.... Read More »

 

Hyundai-Kia says it will sell record 8 million vehicles globally in 2014

6:22 am U.S. ET | Nov. 24, 2014
Hyundai and Kia said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.... Read More »

 

FROM HANDICAP TO HANDY SOLUTION

Ghosn: Nissan will fill gaps with Japanese imports

12:01 am U.S. ET | Nov. 24, 2014
As Nissan Motor Corp. pushes to boost U.S. market share and cut reliance on Japanese imports, it's clear which goal takes priority: selling more vehicles. Even if it takes more imports to do it. Nissan CEO Carlos Ghosn says the devalued yen has made his Japanese plants an acceptable solution to augment North American production as the company stretches for a 10 percent U.S. market share.... Read More »

 

Chevy will sit out Super Bowl

12:01 am U.S. ET | Nov. 24, 2014
After two big plays in the last Super Bowl, Chevrolet may watch from the couch.... Read More »

 

Chevy Trax marketing will be heavy on digital

12:01 am U.S. ET | Nov. 24, 2014
Chevrolet will use a heavy dose of digital ads for the Trax when the subcompact crossover's marketing begins early next year.... Read More »

 

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