Daily Email Wednesday

NHTSA expands faulty airbag warning to 6.1 million vehicles

9:31 am U.S. ET | Oct. 21, 2014
NHTSA expanded a warning late Tuesday about faulty airbags made by Japanese auto parts maker Takata to 6.1 million vehicles in the United States. The agency also corrected and expanded a list of vehicles included in an advisory on Monday. The crisis involving deadly airbags is shaking confidence in the ability of Toyota, Honda and other automakers to ensure the safety of millions of U.S. drivers.... Read More »

 

Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.... Read More »

 

Daimler sees $780 million windfall from sale of Tesla stake

5:18 pm U.S. ET | Oct. 21, 2014
Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.... Read More »

 

Audi tests driverless car technology at 190 mph

11:44 am U.S. ET | Oct. 15, 2014
In its effort to bring autonomous-driving technology to the streets, Audi is testing unmanned vehicles at speeds as fast as 305 kilometers (190 miles) per hour. In these experiments, the car decides for itself the best way to take the corners in its race against human drivers.... Read More »

 

Honda starts audit of injury, death reports to U.S. regulator

4:15 pm U.S. ET | Oct. 15, 2014
Honda asked a third party to determine whether the automaker underreported fatality and injury claims to federal regulators in the United States who are investigating airbag failures with potentially deadly defects.... Read More »

 

THE GM RECALL

GM sued for $10 billion over losses on 27 million recalled cars

1:43 pm U.S. ET | Oct. 15, 2014
General Motors was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices.... Read More »

 

Toyota recalls mount as automaker faces increasing scrutiny

3:07 am U.S. ET | Oct. 15, 2014
Toyota made its fourth global recall involving more than a million vehicles this year, as the world's largest automaker begins operating with stricter supervision over safety from regulators in the United States.... Read More »

 

Anti-Tesla bill reaches Michigan governor's desk

12:50 pm U.S. ET | Oct. 15, 2014
Legislation that would prevent Tesla Motors from directly selling its EV lineup in Michigan has cleared the state's legislative chambers and is awaiting the signature of Republican Governor Rick Snyder. The deadline to sign the bill is October 21.... Read More »

 

Lithia expects flat per-unit F&I revenue through 2015

12:01 am U.S. ET | Oct. 15, 2014
Lithia Motors expects average F&I revenue per vehicle retailed to stay flat through the rest of 2014 and 2015, at the current level of about $1,200 on a same-store basis. The retailer expects same-store average F&I revenue per unit of $1,202 in the third quarter.... Read More »

 

RICHARD JOHNSON

The joy of being a Jeep dealer in 2014

3:35 pm U.S. ET | Oct. 15, 2014
Holy Toledo, what's it like to be a Jeep dealer in 2014? Andy Shaver, president of the Shaver Group, just smiles when I ask. A smile that says: "Awesome and then some."... Read More »

 

2014 L.A. AUTO SHOW

Audi concept to usher in new styling era

2:08 pm U.S. ET | Oct. 15, 2014
Audi will introduce a new design direction with a concept car debuting next month at the Los Angeles Auto Show. The concept will be the first Audi vehicle styled under Marc Lichte, who took over as head of Audi design in February after leading exterior design at Volkswagen.... Read More »

 

GM's Q3 global vehicle sales up 2% on strong China, U.S. demand

10:43 am U.S. ET | Oct. 15, 2014
General Motors' global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.... Read More »

 

GM sides with U.S. wireless carriers in net neutrality fight

1:32 pm U.S. ET | Oct. 15, 2014
GM has emerged as a heavyweight ally of the wireless carriers battling against stricter Internet traffic rules, with a new letter that linked the issue to wirelessly connected cars.... Read More »

 

TrueCar offers upfront pricing on document fees, dealer-added accessories

11:46 am U.S. ET | Oct. 15, 2014
TrueCar, bidding to increase transparency of vehicle transaction costs, said its 9,000 dealer franchisees agreed to reveal all vehicle accessory and nongovernmental document fees when guaranteeing prices to TrueCar shoppers... Read More »

 

Jay Leno signs deal to host new car series for CNBC

11:25 am U.S. ET | Oct. 15, 2014
Comedian Jay Leno, who was the host of NBC's "Tonight Show" for more than 20 years, will return to television next year to host a new series about cars, the cable network CNBC said today.... Read More »

 

Hitachi Automotive readies new autonomous driving technology

10:57 am U.S. ET | Oct. 15, 2014
Hitachi Automotive Systems is readying a suite of new autonomous driving technologies, including a no-hands self-parking function it plans to market in 2016. The systems, unveiled last week at the supplier’s proving ground in northern Japan, entail precrash braking, advanced adaptive cruise control and vehicle stability control for electric vehicles.... Read More »

 

Audi wants $2.5 billion in annual cost cuts to offset tech spending, reports say

9:01 am U.S. ET | Oct. 8, 2014
Audi wants to rein in costs by about $2.5 billion a year to offset surging spending on new technology, according to people familiar with the matter.... Read More »

 

Marchionne foresees merger creating a new No. 1 automaker

7:07 am U.S. ET | Oct. 8, 2014
Fiat Chrysler Automobiles CEO Sergio Marchionne sees potential to form a new No. 1 automaker as companies grapple with low returns on the growing amount of money needed to develop a new car.... Read More »

 

Technology propels fuel economy average to record 24.1 mpg, EPA says

1:15 pm U.S. ET | Oct. 8, 2014
The average fuel economy of cars and light trucks, driven by wider use of technology, rose to a record 24.1 mpg in the 2013 model year, though the pace of improvement slowed. Fuel economy will average 24.2 mpg across the industry for 2014 models, the EPA estimated, but cautioned the final figure will likely be revised higher.... Read More »

 

DAVE GUILFORD

Sergio has been the glue that kept Fiat Chrysler intact

3:16 pm U.S. ET | Oct. 8, 2014
Sergio Marchionne's declaration that he will leave his job as head of Fiat Chrysler Automobiles at the end of 2018 sent my memory back nearly a decade to an ornate love fest in Las Vegas.... Read More »

 

Mitsubishi maintains profit guidance, uncertain on sales outlook

1:53 pm U.S. ET | Oct. 8, 2014
Mitsubishi Motors expects to meet its full-year guidance for operating profit for the 2014-15 financial year, but is not yet certain it can meet its forecast for sales, a spokesman for the company said on Wednesday.... Read More »

 

Johnson Controls fires consultant after affair with CEO

11:48 am U.S. ET | Oct. 8, 2014
Johnson Controls fired a consulting firm after learning that one of its principals had an extramarital affair with CEO Alex Molinaroli. Molinaroli told his family about his affair with psychologist Kristin Ihle in late May, according to the transcript of a court hearing at which Ihle unsuccessfully sought a restraining order against the CEO's estranged wife.... Read More »

 

2014 L.A. AUTO SHOW

Porsche adds 4 GTS variants to 911 lineup for 2015

6:00 pm U.S. ET | Oct. 7, 2014
Porsche, feeling the heat from such cars as the redesigned Chevrolet Corvette, is giving the venerable 911 a tune-up for 2015.... Read More »

 

Volvo to pitch long-wheelbase S60 as 'executive car'

12:01 am U.S. ET | Oct. 7, 2014
Volvo says the S60L, to be imported from China, will be positioned as “an executive car,” with more features and options, while the S60 will become the sportier model.... Read More »

 

Landers starts up another dealership group

12:01 am U.S. ET | Oct. 6, 2014
Longtime Arkansas dealer Steve Landers said he simply likes to build dealership groups.... Read More »

 

Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
» Watch the Video
     
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