Automakers and Suppliers

Asbury to open 2 used-vehicle stores; COO to retire

7:35 am U.S. ET | April 23, 2014
Asbury Automotive said today it will open two stand-alone used-vehicle stores later this year. The company plans to open the two used-vehicle stores in Florida under the “Q auto” brand name.... Read More »

 

GM owners claim bankruptcy fraud to keep recall suits alive

2:33 pm U.S. ET | April 23, 2014
GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”... Read More »

 

F&I results rise at 3 public retailers

12:01 am U.S. ET | April 23, 2014
The first publicly traded new-car dealership groups to report first quarter results -- AutoNation, Sonic Automotive and Asbury Automotive Group -- all reported higher average F&I revenue per vehicle, as part of a trend toward slow but steady improvement.... Read More »

 

Q&A

Mopar's F&I sales could spark 'almost 6 million' service visits

12:01 am U.S. ET | April 23, 2014
Mopar’s F&I product volume last year reached 1.5 million contracts in the United States and nearly 2 million contracts worldwide. That’s significant, Mopar chief Pietro Gorlier says.
... Read More »

 

Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million

12:01 pm U.S. ET | April 23, 2014
Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today.... Read More »

 

AutoNation envisions quick, easy buying at digital store

12:01 am U.S. ET | April 23, 2014
When AutoNation fully rolls out its so-called digital storefront, the following scenario may not be all that far-fetched.... Read More »

 

Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

JCI Q1 profit rises 59% on increase in automotive business

7:57 am U.S. ET | April 23, 2014
Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

 

J.D. Power to buy Korrelate to measure digital ad spending effectiveness

10:00 am U.S. ET | April 23, 2014
J.D. Power is acquiring analytics company Korrelate in a move to measure consumer online shopping behaviors and trends, the company said today.... Read More »

 

VW faces rising opposition to Scania bid as Alecta rejects offer

April 23, 2014 11:58 CET
VW faces increasing opposition to its 6.7 billion euro bid for the rest of Scania after Alecta, the truckmaker's third-biggest shareholder, rejected the offer.... Read More »

 

Tesla seeks workers for ex-Chrysler property in Calif.

7:22 am U.S. ET | April 23, 2014
Tesla Motors Inc. has leased an idled parts-distribution center in rural California where it plans to hire engineers and technicians as the maker of luxury electric cars expands operations.... Read More »

 

Fields to take Ford wheel at prime stage

12:01 am U.S. ET | April 23, 2014
When Mark Fields took charge of Ford's Americas operations nine years ago, it was a major repair job with record losses and a brush with bankruptcy. Today, Ford's North American operations are the envy of the industry. Now that Fields is poised to succeed Alan Mulally as CEO, he's taking charge of an automaker in its prime.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW woos U.S. buyers with 2 series

April 23, 2014 06:01 CET
BMW is aiming the 2-series coupe at drivers looking for performance and driving dynamics in a compact, rear-wheel-drive package.... Read More »

 

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Siemens, BAIC to jointly build parts for green vehicles in China

April 23, 2014 06:01 CET
Germany's Siemens and state-owned Chinese automaker Beijing Automotive will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles.... Read More »

 

Toyota shifts gears to lift Prius' prospects in China

April 23, 2014 06:01 CET
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

 

Mulally said to line up board post after Ford

April 23, 2014 06:01 CET
Ford CEO Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.... Read More »

 

Corvette museum may keep some damaged 'Vettes, sinkhole on permanent display

April 23, 2014 06:01 CET
GM and officials with the National Corvette Museum in the U.S. will meet next month to determine which of eight Corvettes damaged after plunging into a major sinkhole on Feb. 12 are fit to be restored.... Read More »

 

GM splits engineering into 2 divisions with new leaders; Calabrese to retire

10:26 am U.S. ET | April 22, 2014
General Motors is replacing its head of engineering and will divide its vehicle engineering organization into two divisions in a shakeup that the company says will improve quality and safety in the wake of its recall crisis.... Read More »

 

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

 

GM faces NHTSA probe over '14 Chevy Impala automatic brakes

3:19 pm U.S. ET | April 22, 2014
U.S. regulators are investigating whether a 2014 Chevrolet Impala's automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash.... Read More »

 

2014 BEIJING AUTO SHOW

Daimler, BYD show production-ready Denza EV

April 22, 2014 13:22 CET
Daimler and Chinese partner BYD unveiled a production-ready version of their Denza electric car at the Beijing auto show ahead of a sales launch in September.... Read More »

 

Corvette museum may keep some damaged 'Vettes, sinkhole on permanent display

3:22 pm U.S. ET | April 22, 2014
GM and National Corvette Museum officials will meet next month to determine which of eight Corvettes damaged after plunging into a major sinkhole on Feb 12 are fit to be restored. The museum, which plans to keep the damaged Corvettes on display through the summer, may decide to leave some unrepaired as part of a permanent display.... Read More »

 

Sonic Q1 profit falls 9% on weather, used-car start-up costs

11:30 am U.S. ET | April 22, 2014
Bad winter weather and costs associated with its standalone used-car store initiative contributed to a 9 percent drop in first-quarter profits for Sonic Automotive.... Read More »

 

Toyota shifts gears to lift Prius' prospects in China

12:34 pm U.S. ET | April 22, 2014
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

 

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