Daily Email Wednesday

Jaguar, Land Rover, Ford gain in blue-sky store values

2:42 pm U.S. ET | April 23, 2014
Jaguar, Land Rover and Ford saw their blue-sky multiples increase in the second half, according to a study by a dealership buy/sell advisory firm. But BMW, Mini, Hyundai, VW and Mazda saw theirs decrease.... Read More »

 

CPO sales rise 11% in 1st quarter

2:46 pm U.S. ET | April 23, 2014
Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases.... Read More »

 

2015 Ford Mustang order guide hints at key options

2:04 pm U.S. ET | April 23, 2014
The 2015 Ford Mustang order guide is now available to U.S. dealers and the options include a lot of familiar stuff such as racing stripes and tech packages.... Read More »

 

Asbury 1st-quarter sales, continuing-operations profit rise

3:00 pm U.S. ET | April 23, 2014
Asbury Automotive Group reported a 3 percent profit slide for the first quarter of 2014, but improvements in all parts of the business drove profits from continuing operations up sharply.... Read More »

 

Q&A

AutoNation swipes at third-party car sites as it builds digital footprint

3:26 pm U.S. ET | April 23, 2014
AutoNation wants to reduce its dependency on online lead generators and third-party shopping sites. The United States' largest dealership group plans to build up the group's Web sites to capture online shoppers, part of a multiyear, $100 million campaign to rebrand itself.... Read More »

 

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's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. The cost of recalling millions of vehicles -- combined with continued losses in Europe and new challenges in Russia, Australia, Asia and South America -- have prompted analysts to downgrade their earnings estimates for the company.... 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 »

 

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 »

 

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 »

 

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 »

 

2014 NEW YORK AUTO SHOW

Acura TLX much more than rebadged Accord

3:08 pm U.S. ET | April 16, 2014
Acura unveiled today the production version of its redesigned 2015 TLX mid-sized sedan, a car that will replace the TL and TSX sedans in its lineup for the United States.... Read More »

 

RYAN BEENE

Mazda throws a big birthday party for Miata

12:01 am U.S. ET | April 16, 2014
Mazda is celebrating the 25th anniversary of the MX-5 Miata -- the roadster that has come to define the automaker's engineering DNA -- with an historic display at the New York auto show this week.... Read More »

 

AT&T says it has made connected-car deal with undisclosed global automaker

8:13 am U.S. ET | April 16, 2014
AT&T, the largest U.S. phone company, said it reached a deal with a global automaker to add to its ranks of customers looking to bring connectivity to cars.... Read More »

 

Johnson Controls diversifies away from autos with $1.6 billion deal

2:54 pm U.S. ET | April 16, 2014
Johnson Controls, seeking to lessen its reliance on the cyclical auto industry, agreed to acquire Texas-based ventilation products company, Air Distribution Technologies, for $1.6 billion.... Read More »

 

GM ordered redesigned ignition switch from Delphi for Cadillac SRX

3:19 pm U.S. ET | April 16, 2014
Delphi redesigned the ignition switch for the Cadillac SRX crossover to increase its torque about two months before making similar changes to the Chevrolet Cobalt ignition switch at the center of General Motors' recall crisis.... Read More »

 

2014 NEW YORK AUTO SHOW

Toyota overhauls Camry in bid to make it 'best we've ever built'

9:30 am U.S. ET | April 16, 2014
Toyota, fighting to extend the Camry's 12-year reign as the best-selling car in the United States, showered its flagship sedan with superlatives as it unveiled a new edition today. The model shown at the New York auto show reflects significantly more change than is typical for a car that's been spruced up halfway through its life-cycle.... Read More »

 

2014 NEW YORK SHOW

Nissan Maxima to follow Murano with show-car flair

3:33 pm U.S. ET | April 16, 2014
Nissan said the next redesigned Maxima sedan will reach showrooms looking almost identical to the flashy Sport Sedan Concept it unveiled in January in Detroit.... Read More »

 

GM sets up new parts-ordering system for recall repairs

4:10 pm U.S. ET | April 16, 2014
GM today gave its dealers a revised ordering process that the retailers said should speed the shipment of parts, ease repairs and ensure the job gets done right. But dealers said they aren't any closer to knowing when they will start getting parts for the millions of vehicles involved in an ignition-switch recall.... Read More »

 

2014 NEW YORK AUTO SHOW

Scion charts new lineup for U.S.

12:37 pm U.S. ET | April 16, 2014
Toyota's Scion brand, struggling to boost sales with aged products, plans to replace three of its five nameplates in the United States over a two-year period starting in 2015. The first of the three will be unveiled at the Los Angeles Auto Show in November, Scion Vice President Doug Murtha said in an interview today.... Read More »

 

2014 NEW YORK AUTO SHOW

Hopes dim for VW’s diesel hot hatch in U.S.

3:56 pm U.S. ET | April 16, 2014
VW has pulled back on plans to sell a souped-up diesel Golf called the GTD in the United States because importing the GTI sibling’s engine would add too much cost. The high-powered 2-liter TDI engine used in the GTD cannot be produced at VW’s engine plant in Silao, Mexico, so it would be imported from Germany, Volkswagen Group of America CEO Michael Horn told reporters today.... Read More »

 

U.S. senators press Delphi for answers on recalled GM cars

1:46 pm U.S. ET | April 16, 2014
Lawmakers probing how GM used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive. A group of senators on Tuesday wrote to Delphi CEO Rodney O'Neal, asking for information about whether the parts supplier pushed back against GM after the automaker apparently did not accept a proposed fix to the switches.... Read More »

 

JIM HENRY

Inquiry into alleged CFPB bias picks up steam

12:01 am U.S. ET | April 16, 2014
The issue of whether, ironically, the Consumer Financial Protection Bureau allegedly discriminates against its own employees has got legs.... Read More »

 

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