Fiat Chrysler's Polish plant will build restyled Fiat 500, Lancia Ypsilon, reports say

March 5, 2015 11:09 CET
Fiat Chrysler will start producing restyled versions of its Fiat 500 and Lancia Ypsilon models this year at its Tychy plant in Poland, reports said. The plant already builds the current versions of the two models alongside Ford's Ka minicar.... Read More »

 

DOUGLAS A. BOLDUC

No German-driven 'rat race' for Volvo

12:01 am U.S. ET | March 5, 2015
Volvo r&d boss Peter Mertens is not impressed with the proliferation of models at the Swedish brand's bigger German rivals. “They are in a rat race. We are not going to follow them,” he said.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Record-breaking Rolls-Royce expects further gains from growing lineup

March 5, 2015 06:01 CET
Rolls-Royce set a new sales record in 2014 and looks likely to keep raising deliveries in the future following the announcement last month that it would develop an ultraluxury SUV. Torsten Mueller-Oetvoes, the brand's CEO, discussed this and other topics with Automotive News Europe.... Read More »

 

Fiat brand will never again be a mass-market player in Europe, Marchionne says

March 4, 2015 19:42 CET
The Fiat brand will never again be a mass-market marque in Europe, Fiat Chrysler CEO Sergio Marchionne said. The change reflects Fiat's increasing strategic emphasis on profit and brand discipline.... Read More »

 

Loan amounts, payments reach new highs

11:00 am U.S. ET | March 4, 2015
The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3.5 percent, from the year-earlier quarter and a rise of $582, or 2.1 percent, from the previous high of $27,799, set in the third quarter last year.... Read More »

 

U.S. light-vehicle fuel economy slips 0.2 mpg in February, report says

3:47 pm U.S. ET | March 4, 2015
The average fuel economy of light vehicles sold in the U.S. decreased 0.2 mpg last month from January, likely because of severe weather in much of the country, according to a monthly report by the University of Michigan Transportation Research Institute.... Read More »

 

BMW CEO Reithofer sees challenges mounting for his successor

March 4, 2015 21:46 CET
The new boss of BMW Group, Harald Krueger, will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, the company's outgoing CEO, Norbert Reithofer, said.... Read More »

 

NHTSA expands Ford Fiesta door-latch probe to 2013 Fusion, Lincoln MKZ

3:37 pm U.S. ET | March 4, 2015
The National Highway Traffic Safety Administration is expanding a September investigation of door-latch failure in the 2011-13 Ford Fiesta to include the 2013 Fusion and Lincoln MKZ.... Read More »

 

AutoNation's 8% sales gain beats market for Feb.

11:14 am U.S. ET | March 4, 2015
AutoNation said its new-vehicle retail sales jumped 8 percent in February compared to a year earlier, reaching 23,780 new units.... Read More »

 

AutoNews Now: A cool take on Feb. sales

12:01 am U.S. ET | March 4, 2015
Snyder on snow, luxury war and road to 17M; Malibu tease; 124 Spider comeback; Audi spoofs 'Birds'; another CNG Ram.... Read More »

 

Ram will expand lineup of CNG-powered trucks

1:11 pm U.S. ET | March 4, 2015
Fiat Chrysler is expanding the availability of compressed natural gas on its heavy duty Ram pickup. The CNG-fueled truck, originally engineered for fleet operators, is available now only in a four-door crew cab, four-wheel-drive and long-bed model. This fall, the truck will be offered in a regular cab two-door body style with two-wheel drive and a long bed.... Read More »

 

Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015
Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said.... Read More »

 

ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015
EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today.... Read More »

 

Chevy Bolt EV variant may be sold as an Opel in Europe, sources say

March 4, 2015 19:08 CET
General Motors may sell a version of the Chevrolet Bolt electric car in Europe as an Opel/Vauxhall model, company sources said.... Read More »

 

HANS GREIMEL

BYD heralds its vehicle sales in Japan

1:04 pm U.S. ET | March 4, 2015
Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan's auto market?... Read More »

 

DAVE GUILFORD

America, land of big spaces, spurs Hyundai Tucson redesign

12:01 am U.S. ET | March 4, 2015
How do you design a crossover with a name evoking the old West -- that cowboy, cactus, rugged desert terrain ethos?... Read More »

 

Audi R8 e-tron signals shift by German automakers to high-end EVs

March 4, 2015 16:12 CET
German carmakers are shifting their focus towards high-end electric vehicles such as the Audi R8 e-tron and away from cheaper city cars in an effort to revive environmentally-friendly but unpopular zero-emission vehicles.... Read More »

 

Online retail tools are changing F&I jobs, work force analyst says

11:00 am U.S. ET | March 4, 2015
The neat organization of dealership F&I departments isn't so neat anymore. And industry researchers believe online retail is the reason why.... Read More »

 

JIM HENRY

The auto fallout from tax refund delays

11:45 am U.S. ET | March 4, 2015
Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago.... Read More »

 

Next Malibu tackles weight, space challenges

9:49 am U.S. ET | March 4, 2015
The next-generation Chevrolet Malibu will have more interior space and weigh 300 pounds less than the current car, General Motors said today.... Read More »

 

Millennials coming on stream in auto loans, leases

11:00 am U.S. ET | March 4, 2015
Millennials get a bum rap as being less interested in driving and cars -- and in auto finance -- than previous generations, TransUnion says in a new study. In fact, millennials are the fastest-growing group of car buyers in auto lending, the TransUnion study found. Millennials represented 27 percent of total auto loans and lease originations combined in 2014, up from 16 percent in 2009.... Read More »

 

Toyota Financial explores how to improve e-commerce

11:00 am U.S. ET | March 4, 2015
As more shoppers turn to e-commerce as part of buying a car, Toyota Financial Services is turning to its U.S. dealers to find ways to improve its digital offerings. A major push: e-contracting, which Toyota Financial Services launched about two years ago.... Read More »

 

Ford warning shows Britain must stay in EU, UK lawmaker says

March 4, 2015 16:23 CET
Ford of Europe CEO Jim Farley said the UK needs to stay in the EU to keep its manufacturers at the forefront of global production. "We really believe that the UK being part of the EU is critical for business," Farley said in a radio interview.... Read More »

 

Santander Consumer USA to pay $9.35 million settlement over military repos

12:01 am U.S. ET | March 4, 2015
Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justice said.... Read More »

 

F&I TIP

Allow customers time to ponder

11:08 am U.S. ET | March 4, 2015
Customers sometimes need to go home and think, and that’s OK, says Brandon Wood, finance manager at Van Bortel Ford in East Rochester, N.Y. “I work for a dealer principal who never wants any customer feeling pressured, period,” he says. Wood sometimes emails customers a menu of F&I products to look over. He’s created different templates for new-car purchases, used, certified pre-owned and leases. “This saves so much time!”... Read More »

 

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