Daily Email Wednesday

DAVE GUILFORD

BLOG: Why we won't 'put' credence in GM-FCA merger talk

10:26 am U.S. ET | April 15, 2015

General Motors is unlikely to entertain a merger with Fiat Chrysler after the sour end to the GM-Fiat Alliance in 2005. That's when Sergio Marchionne forced GM to pay $2 billion to avoid buying Fiat Auto.... Read More »

VINCE BOND JR.

BLOG: Honda manager says effective auto design stretches well beyond the vehicle

4:01 pm U.S. ET | April 15, 2015

The car is just one piece of the mobility pie that auto designers consider when pursuing new ideas, says Jason Wilbur, manager of Honda's Advanced Design Studio.... Read More »

GM launches software that flags recalled vehicles on dealer lots

1:54 pm U.S. ET | April 15, 2015

General Motors is rolling out new software this month for dealerships to make it harder for them to mistakenly sell a new vehicle that's subject to a recall, without first performing the recall work as required.... Read More »

Tesla awaits OK from governor to sell directly in Maryland

12:45 pm U.S. ET | April 15, 2015

Tesla will be granted up to four licenses in Maryland if the governor signs a bill supported by the Maryland Automobile Dealers Association.... Read More »

Dealership gross profits see bigger impact from F&I

12:00 pm U.S. ET | April 15, 2015

The average dealership gained more from F&I last year, even though retailers' overall sales penetration for products such as extended service contracts and GAP dropped a fraction of a percentage point. On average, F&I accounted for 39.6 percent of gross profit for new- and used-vehicle departments combined in 2014, up from 38.8 percent in 2013, according to the 2014 NADA Data report.... Read More »

JIM HENRY

BLOG: Women in automotive seek more peers

12:15 pm U.S. ET | April 15, 2015

A lot of dealer principals and general managers swear by their female salespeople and F&I managers and wish they had more. But in the business world at large, auto industry careers for women are a “best-kept secret.”... Read More »

FCA sale of Ferrari stake unlikely to exceed 10% after all

8:31 am U.S. ET | April 15, 2015

Fiat Chrysler does not expect to sell more than 10 percent of Ferrari in a planned initial public offering, CEO Sergio Marchionne said today, in a change of heart from a month ago.... Read More »

Marchionne will show data supporting industry need for consolidation

11:51 am U.S. ET | April 15, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne says he will produce data to back up his ongoing calls for consolidation in the auto industry.... Read More »

Toyota investments in Mexico, China to usher in new cost-efficiency strategy

9:00 am U.S. ET | April 15, 2015

Opening its purse after a three-year expansion freeze, Toyota announced plans today to spend nearly $1.5 billion on a new factory in Mexico and a new line in China to support sales growth in key markets and underpin a global overhaul in the way it builds vehicles.... Read More »

2016 Cadillac ELR to get $10,000 price cut, more power

11:24 am U.S. ET | April 15, 2015

Cadillac said it will slash $10,000 from the price of the light-selling ELR plug-in hybrid for the 2016 model year. The sticker price will drop to $65,995, including shipping, from $75,995, after 18 months of miniscule sales of the sleek coupe. Most buyers would qualify for a $7,500 federal tax credit.... Read More »

Smart transportation coalition forms to promote tech to lawmakers

5:45 pm U.S. ET | April 14, 2015

Trade groups representing automakers and tech giants like Google, Microsoft, Apple and Intel have formed a coalition to advocate for industry-friendly connected car and autonomous vehicle policies on Capitol Hill.... Read More »

Lexus, Subaru score highest consumer reviews on DealerRater

5:31 pm U.S. ET | April 14, 2015

Lexus and Subaru dealerships posted the highest average consumer ratings among luxury and mass-market brands on review site DealerRater over the past 12 months. The site examined star ratings earned by franchised dealerships of all brands in the 12 months ending March 31, 2015, to come up with the Consumer Rating Index.... Read More »

How Toyota does ‘heavy metal’ music

3:00 pm U.S. ET | April 8, 2015

Toyota Gifony allows people to mix the sights and sounds from the automaker’s plants in Blue Springs, Miss., and Georgetown, Ky., into rhythmic videos showing how the 2015 Corolla comes together.... Read More »

Tesla replaces base Model S with more powerful, longer range 70D

7:00 am U.S. ET | April 8, 2015

Tesla unveiled a new version of the Model S called the 70D with more power, a longer range and an extra $5,000 on the price tag.... Read More »

Henrik Fisker, Aston Martin settle suit over Thunderbolt design

4:15 pm U.S. ET | April 8, 2015

Aston Martin has put the brakes on Henrik Fisker's return to the auto industry. Fisker, sued by Aston Martin late last month over plans to produce a $400,000 supercar called the Thunderbolt, has agreed to drop those plans to settle the suit.... Read More »

FCA sued after man learned Ram pickup had wrong axle

4:15 pm U.S. ET | April 8, 2015

A South Carolina man has filed a lawsuit seeking class-action status against Fiat Chrysler after discovering that the Ram 1500 he bought last year didn't have the heavy-duty axle for which he had paid extra.... Read More »

Honda to drop Crosstour, move Accord hybrid output to Japan

4:00 pm U.S. ET | April 8, 2015

Honda will stop producing the Crosstour, a slow-selling derivative of the Accord, after the 2015 model year as part of a broader move aimed at boosting truck-production capacity.... Read More »

Ford outsells Hyundai in China with capacity expansion, new cars

12:01 am U.S. ET | April 8, 2015

Ford outsold Hyundai in China for the first time, closing in on its goal to rank among the top three foreign automakers in the world's largest market.... Read More »

Dodge, Chrysler minivans won't be recalled after stall investigation

11:49 am U.S. ET | April 8, 2015

U.S. safety regulators have ended an investigation into stalling problems in older-model Fiat Chrysler minivans, saying the issues would not likely lead to crashes.... Read More »

Kia's top U.S. exec leaves posts in shake-up; Sprague promoted to COO

11:00 am U.S. ET | April 8, 2015

In a shake-up at Hyundai-Kia, Byung Mo Ahn, group vice chairman and CEO of Kia Motors America and Kia Motors Manufacturing Georgia, will leave those posts for an advisory role. Meanwhile, Michael Sprague, 49, was promoted to the newly created role of COO of Kia Motors America.... Read More »

Russian auto sales plunge 43% as economy contracts

8:46 am U.S. ET | April 8, 2015

Russian car sales fell 43 percent last month, as the economy slides into recession. Sales of new cars and light commercial vehicles shrank to 139,850 units in March from 243,332 a year earlier, the Association of European Businesses in Russia said today in a statement.... Read More »

China gets the lion’s share of vehicle production capacity investments in 2014

7:00 pm U.S. ET | April 7, 2015

China once again captured the bulk of global investments in new or expanded vehicle production capacity last year, winning more than half of the auto industry’s total outlays earmarked to add or expand output.... Read More »

Lexus goes bold with next RX crossover

9:15 am U.S. ET | April 1, 2015

In its latest expression of polarizing design, Lexus has drawn sharp creases along the sides of the 2016 RX crossover and given it an aggressive face. It's a risky move. The RX is Lexus' top-selling nameplate in the United States, and its customers aren't exactly used to an edgy look.... Read More »

Gilles promoted to FCA's global head of design

1:01 pm U.S. ET | April 1, 2015

Ralph Gilles, longtime chief designer for Fiat Chrysler in the United States, has been appointed head of design for the automaker’s global parent.... Read More »

Dura owner Lynn Tilton sues SEC after it charges her with fraud

12:04 pm U.S. ET | April 1, 2015

Escalating her battle with the federal regulators, flamboyant New York investor Lynn Tilton, who has a variety of automotive parts holdings, sued the US Securities and Exchange Commission to stop it from pursuing a case charging her with defrauding her investors.... Read More »

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Seattle VW dealer mixes metrics and fun

Seattle VW dealer mixes metrics and fun

Matthew Welch may own Auburn Volkswagen, but the title he cherishes is “chief relationship officer.' Mon., April 13
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