RetailToyota Prius generates most online buzz, study says 12:01 am U.S. ET | May 26, 2013  The Toyota Prius was the most talked about hybrid vehicle online, generating $14.5 million in total media value, from January through April, according to a new study from a social analytics company.... Read More »
Audi launches program to hire U.S. military technicians for dealer service jobs 10:22 am U.S. ET | May 25, 2013  Audi of America is launching a program targeting military technicians for service department jobs at U.S. dealerships.... Read More »
N.H. legislators pass amendments to Dealer Bill of Rights 4:15 pm U.S. ET | May 24, 2013 A bill that would further regulate the relationship between New Hampshire auto dealers and their factories is a step closer to becoming law despite opposition from automakers.... Read More »
Volvo marketing boss Speck is leaving; sales VP Visser named successorMay 24, 2013 16:03 CET  Doug Speck, Volvo's senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. Speck, 54, will be replaced by Alain Visser, 49, vice president of sales and marketing, the company said.... Read More »
Volvo marketing boss Speck is leaving; sales VP Visser named successor 10:03 am U.S. ET | May 24, 2013  Doug Speck, Volvo's senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. Speck, 54, will be replaced by Alain Visser, 49, vice president of sales and marketing, the company said.... Read More »
Sonic, back in acquisition market, buys 2 stores in Denver 2:36 pm U.S. ET | May 24, 2013  Sonic Automotive is back in the dealership acquisition market with the purchase of large BMW and Mercedes stores in Denver.... Read More »
Dodge banks on Fast & Furious 6 tie-in to rev up Dart sales 4:02 pm U.S. ET | May 23, 2013  Can the coattails of Fast & Furious 6 and its young, devoted male fans give a boost to Dodge Dart sales? Chrysler Group is counting on it.... Read More »
LaSorda, Penske launch venture fund for tech startups 1:00 pm U.S. ET | May 23, 2013  Tom LaSorda, the former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy, transportation, information technology, software and applications.... Read More »
GM prices Chevy Spark EV below $20,000 after tax credits 12:01 am U.S. ET | May 23, 2013  GM will price its new Chevrolet Spark electric vehicle at $27,495, including destination charges and before federal tax credits, placing it among the cheapest EVs on the market.... Read More »
Experian vehicle history reports to appear in AutoTrader.com starting in September 3:46 pm U.S. ET | May 23, 2013  Starting in September, dealers will be allowed to post used vehicles on AutoTrader.com with Experian Automotive's AutoCheck vehicle history reports in addition to reports from Carfax.... Read More »
Ally to pay ResCap $2.1 billion to settle creditor claims 2:30 pm U.S. ET | May 23, 2013 Ally Financial, the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital.... Read More »
NY court bedevils Nissan's taxi deal 2:17 pm U.S. ET | May 23, 2013  Five months before Nissan is to begin rolling its yellow taxis onto the streets of New York City, the state's supreme court has ruled one element of the deal "null, void and unenforceable."... Read More »
MAY U.S. AUTO SALES U.S. auto sales will bounce back this month, forecasters say 11:55 am U.S. ET | May 23, 2013  May auto sales in the United States are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/JD Power and Associates and TrueCar.com predicted today.... Read More »
European carmakers shares decline on weakening China manufacturingMay 23, 2013 11:04 CET Volkswagen, PSA and Renault shares all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.... Read More »
JIM HENRY Are worries over slower, smaller tax refunds overblown? 12:01 am U.S. ET | May 22, 2013  Some lenders complained in first-quarter earnings reports about smaller and later tax refunds. IRS refund statistics weren’t down by much, but any change is important because tax refunds contribute to the annual peak in subprime financing, according to dealers and subprime lenders.... Read More »
JAMIE LaREAU For happier customers, sales and F&I need to talk 12:01 am U.S. ET | May 22, 2013  Good communication between sales and finance staff cannot be overstated. That’s my takeaway from reading a recent chat on a Facebook page shared by finance managers.... Read More »
Daimler may sell company-owned German dealerships to cut costsMay 22, 2013 13:19 CET  Daimler may sell four company-owned Mercedes-Benz dealerships in Germany to cut costs and help close a profitability gap with rivals BMW and Audi. Daimler owns 98 Mercedes car showrooms that account for about half of its car sales in Germany, the brand's second-biggest market after the United States.... Read More »
VW to modify late-model diesels in N. America to prevent improper fuelingMay 22, 2013 06:01 CET  Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks.... Read More »
Opel keeps Bochum logistics center open to fulfill contractMay 22, 2013 06:01 CET  Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, which makes the Zafira minivan, is scheduled to close by the end of 2014 after workers rejected a restructuring plan in March that would have extended manufacturing there for another two years.... Read More »
NADA, automakers reach out with aid for tornado victims 7:23 pm U.S. ET | May 21, 2013 The National Automobile Dealers Association and several automakers are reaching out with assistance to dealers and victims affected by Monday's tornado in Oklahoma.... Read More »
VW to modify late-model diesels to prevent improper fueling 4:36 pm U.S. ET | May 21, 2013  Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks.... Read More »
Subaru Forester tops Honda CR-V in small SUV review 9:38 am U.S. ET | May 21, 2013  The Subaru Forester small SUV beat the Honda CR-V and other rivals in testing by Consumer Reports, which ranked the model as its top pick in that segment.... Read More »
LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
Automakers, dealers remain opposed to bill preventing rental firms from renting recalled vehicles 6:34 pm U.S. ET | May 21, 2013 Major automakers and auto dealers told a Senate panel Tuesday that they remain opposed to legislation that would prohibit rental car companies from renting or selling vehicles that are subject to a federal safety recall.... Read More »
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