RetailGM 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 »
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 »
Auto dealers escape worst of tornado's wrath 3:06 pm U.S. ET | May 21, 2013  Car dealers were recovering from damage and organizing aid to survivors today after a two-mile-wide tornado ravaged an Oklahoma City suburb, but there were no reports of the massive twister directly hitting dealerships.... Read More »
2 congressmen ask Treasury for details on 2008-09 dealership closures 2:36 pm U.S. ET | May 21, 2013 Two congressmen -- one a former Ohio auto dealer and the other a Pennsylvania new- and used-car dealer -- have asked the U.S. Treasury Department to release materials detailing how General Motors and Chrysler dealerships were selected for closure during the 2008-09 restructuring.... Read More »
French car orders fall 0.5% in April, survey saysMay 21, 2013 15:06 CET  The decline in French car orders slowed to 0.5 percent in April, showing signs of stabilization in the auto market, according to a dealership survey by trade publication La Lettre Auto K7. The survey said orders were helped by the launch of several new models last month.... Read More »
Dongfeng-PSA sales rise 37% in April on new modelsMay 21, 2013 08:49 CET  PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and Peugeot 3008 models.... Read More »
BMW counts on new models to keep U.S. luxury leadMay 20, 2013 06:01 CET  Mercedes-Benz led the U.S. premium-brand sales race through April of 2013, but BMW of North America CEO Ludwig Willisch expects BMW to repeat as No. 1 for the year. Willisch says help is on the way in the form of three models debuting later this year: the 3-series GT crossover, 4-series coupe and a redesigned X5 crossover.... Read More »
Toyota overtakes BMW as most valuable global car brandMay 21, 2013 01:15 CET  Toyota has overtaken BMW as the world's most valuable automotive brand, an annual ranking of the world's top brands shows. Toyota's 2013 brand value rose 12 percent to $24.5 billion largely because of its significant inroads in the hybrid market, according to the study.... Read More »
Porsche to keep U.S. ad account with Cramer-Krasselt 7:16 pm U.S. ET | May 20, 2013  Porsche, after a six-month review of advertising agencies, has opted to keep its creative advertising account for the United States parked at Cramer-Krasselt, the incumbent agency that has held the account since 2007.... Read More »
REUTERS NEWS ANALYSIS The road to a greener America is littered with roadkill 11:43 am U.S. ET | May 20, 2013  Apart from the recent success of Tesla Motors, the electric vehicle sector has been one of the biggest duds in clean tech. It's all part of green energy's mid-life crisis.... Read More »
Chevy joins 'Mad Men' buzz on Twitter 4:11 pm U.S. ET | May 20, 2013  Chevrolet brought some more attention to its role in "Mad Men" on Twitter after last night’s episode. AMC’s television drama "Mad Men" follows a fictional New York advertising agency in the late 1960s, which currently is working on a campaign for the Chevrolet Vega.... Read More »
GABE NELSON Audi gripes, but Tesla could be en route to niche-brand success 3:59 pm U.S. ET | May 20, 2013  Audi wants to be clear: Just because the Tesla Model S is outselling Audi's flagship A8 in the U.S. luxury sedan market, it does not mean Tesla Motors is beating Audi.... Read More »
Experian names John Gray head of auto unit 2:57 pm U.S. ET | May 20, 2013  Experian has named John Gray president of its automotive business unit, effective immediately, with responsibility for the strategic direction, leadership and overall growth of the business.... Read More »
AutoNation unit launches Shop-By-Payment service 3:09 pm U.S. ET | May 20, 2013 AutoNation's lead-referral subsidiary today unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership.... Read More »
Dealer swaps shoe leather for Facebook 12:01 am U.S. ET | May 20, 2013  When Chris Morrison started out as a car salesman 30 years ago in the placid southern Mississippi city of McComb, he spent every Tuesday at local employers handing out business cards and shaking hands. Today he uses Facebook instead of shoe leather and business cards to help him sell cars and service.... Read More »
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 Toyota's Lentz: 'It's really a three-horse race'Toyota's Jim Lentz believes the Camry will extend is 11-year reign as the best-selling car in the United... Mon., May 20» Watch the Video |
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