VW labor chief says new structure needed before new chairman

June 3, 2015 14:27 CET

Volkswagen needs to come up with a new structure before thinking about appointing a permanent chairman, VW's powerful labor chief, Bernd Osterloh, said.... Read More »

American Honda 'big winner' in annual 'Car Wars' report

4:19 pm U.S. ET | June 3, 2015

American Honda, poised to redesign nearly all of its nameplates through the 2019 model year, is likely to gain U.S. market share in the next four years, according to the annual “Car Wars” report from Bank of America Merrill Lynch.... Read More »

Many consumers nonplussed, confused with latest tech, survey finds

4:15 pm U.S. ET | June 3, 2015

A recent Nielsen-SBD survey of some 14,000 automobile owners found that manufactures generally are jamming features into cars that most owners don’t use and often are not even aware of. “It’s sort of an arms race -- who can have the most technology in the vehicle -- and consumers are confused,” said Nielsen Vice President Mike Chadsey.... Read More »

2016 Chevrolet Cruze will be larger, lighter

3:45 pm U.S. ET | June 3, 2015

GM released the first teaser image of the redesigned 2016 Chevrolet Cruze compact car and said it will be larger and lighter than the current version. It goes on sale in the U.S. in early 2016.... Read More »

VIDEO: AutoNews Now: Honda the leader in 'Car Wars'

12:01 am U.S. ET | June 3, 2015

Honda the victor in 'Car Wars'; Hot month for Subaru, cool month for Hyundai-Kia; How one Chrysler nearly outsold Buick; A ride in new Nissan Maxima; Blue Angel inspiration.... Read More »

NEWS ANALYSIS

How will automakers respond to megatrends?

2:01 pm U.S. ET | June 3, 2015

Potential disruptions may make the most headlines, but the majority of future megatrends emphasize the auto industry's continuity. Here are four points demonstrating that automakers may not be nimble, but their ability to co-opt and adapt to new challenges should not be underestimated.... Read More »

Nissan names Toyota Europe veteran as sales chief

June 3, 2015 08:57 CET

Nissan named Toyota Europe veteran Daniele Schillaci as its new global head of sales and marketing, filling the final major vacancy left by last year's departure of former chief planning officer Andy Palmer to Aston Martin.... Read More »

Average new-car loan hit 67 months in Q1

11:30 am U.S. ET | June 3, 2015

More than a fourth of all new light vehicles financed in the first quarter carried loans of 73 to 84 months, data from Experian Automotive show. The average loan term in the quarter rose to 67 months for new vehicles and 62 months for used, both records. Longer loan terms aren't necessarily a threat to the auto market, but they already are trimming sales, industry experts say.... Read More »

Volvo sales drop 1.3% as new XC90 impact awaited

June 3, 2015 11:17 CET

Volvo's global sales dropped 1.3 percent in May from last year as the first shipments of its new XC90 to customers did not fully compensate for higher volumes of the old model in 2014. Volvo says it has now received more than 36,000 pre-orders for the flagship SUV.... Read More »

Ally Insurance launches extended service contracts, supporting technology

11:30 am U.S. ET | June 3, 2015

Ally Insurance is rolling out an extended service-contract product paired with a technology platform. The new product line offers three levels of service contracts aimed at new-vehicle buyers who want coverage beyond the standard warranty or buyers of used vehicles seeking coverage. One dealer found the program saved customers 15 minutes in the F&I office.... Read More »

Federal-Mogul expands powertrain division

11:56 am U.S. ET | June 3, 2015

Federal-Mogul Holdings, the supplier controlled by Wall Street investor Carl Icahn, is moving 140 employees from three operations in Ohio and Michigan to the Detroit suburb of Plymouth Township as part of an expansion of its powertrain division.... Read More »

JAMES B. TREECE

BLOG: How credit unions, as a group, will become the largest auto lender

11:45 am U.S. ET | June 3, 2015

Credit unions as a group, largely working through Credit Union Direct’s CUDL platform, are poised to become the largest single lender to auto buyers -- eventually. Here’s how.... Read More »

0% loans mark the start of summer

11:15 am U.S. ET | June 3, 2015

Nearly a tenth of consumers who financed their vehicles in May received no-interest loans, according to Edmunds.com. That share likely will grow through the summer months before falling back in October.... Read More »

AutoNation new-vehicle sales rise 5% in May

10:26 am U.S. ET | June 3, 2015

AutoNation said today its U.S. new-vehicle sales increased 5 percent in May from a year earlier to 31,777.... Read More »

F&I TIP

Knowing lenders’ niches eases deals

9:40 am U.S. ET | June 3, 2015

If you don’t know your lenders’ niches, ask. Some will say they’re “everything to everybody,” says Mary Byrne, general manager of Bruce Titus Automotive Group in Olympia, Wash., “but they really aren’t.” Some only want credit scores over 600, others predominantly want subprime customers. Pressing the lender to identify its niche will help both the dealership and the lender, she says.... Read More »

VIDEO: First Shift: May winners, losers

12:01 am U.S. ET | June 3, 2015

May U.S. sales winners, losers; Takata's transition; Report: Wagoner to testify in GM recall lawsuit; Toyota, Ford talk tech; Nissan's new sales boss; GM attack plan for D.C.... Read More »

Toyota looks to Ford's SmartDeviceLink to defend dash from Apple, Google

6:33 am U.S. ET | June 3, 2015

Toyota and Ford may join forces to maintain control of their vehicle dashboards as Apple Inc. and Google Inc. introduce technology targeting the car industry.... Read More »

JAY RAMEY

BLOG: VW says the Golf will be first car to offer gesture controls

12:01 am U.S. ET | June 3, 2015

The updated Volkswagen Golf, due in 2016, will add gesture controls to its "Star Trek"-style touch screens. VW presented the new in-car technology in the Golf R Touch concept at CES Asia in Shanghai.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's Seat brand targets women, will add crossovers to boost profits

June 3, 2015 06:15 CET

VW Group's Seat brand posted its first quarterly profit in seven years last month, but CEO Juergen Stackmann must still overcome big challenges to make the brand a consistent money-maker. Stackman discussed some of these issues including crossovers, attracting women buyers and resuming China sales with Automotive News Europe.... Read More »

2015 RISING STARS

Automotive News Europe salutes David Degrange

June 3, 2015 06:01 CET

Automotive News Europe honors the winners of the 2015 Rising Stars awards. Every day through June 4 one of the 14 winners will be featured. The Rising Star for Sales non-OEM is David Degrange of Faurecia.... Read More »

Mulally joins 3-D firm's board

10:01 am U.S. ET | June 2, 2015

Former Ford CEO Alan Mulally is diving deeper into the tech sector, joining 3-D printing company Carbon3D's board of directors.... Read More »

Toyota Motor Sales off 0.3%, despite big truck haul

4:00 pm U.S. ET | June 2, 2015

Toyota Motor Sales posted a 0.3 percent decline in May sales from a year earlier, as the continued strength of its light trucks failed to offset losses across nearly its entire car lineup. With demand for light trucks strong, Toyota is feeling the same inventory pinch as it did in April.... Read More »

RICHARD TRUETT

BLOG: The steep road ahead for Alfa in U.S.

11:15 am U.S. ET | June 2, 2015

Even with a small but passionate following for the Italian brand, Fiat Chrysler's lofty sales goal for Alfa Romeo -- 150,000 vehicles a year in the NAFTA region by 2018 -- seems overly ambitious... Read More »

Pickups, crossovers propel GM to 3% gain; car sales slide again

12:30 pm U.S. ET | June 2, 2015

GM rode strong retail sales and surging demand for pickups and crossovers to a 3 percent U.S. sales gain in May, offsetting continued weakness in car deliveries. Total sales of 293,097 marked GM's strongest monthly result since August 2008. Sales to individual buyers rose 7 percent, while fleet deliveries fell 7.6 percent.... Read More »

Hyundai Group slips amid shift to big SUVs, crossovers

4:15 pm U.S. ET | June 2, 2015

Hyundai Motor Group reported a 3.8 percent decline in U.S. sales for May, driven by a significant decline at the Hyundai unit. The Hyundai brand is hurting with its sedan-heavy lineup as consumers gravitate toward SUVs and crossovers.... Read More »

Automotive News
Special Video Report
Colo. stores use cameras, computers to build transparency

Colo. stores use cameras, computers to build transparency

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood...
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