Ford to shut down Transit lines for a week because of lagging demand

Ford plans to shut down Transit production at its Kansas City Assembly Plant for seven days starting next week amid slumping sales for the nation's best-selling large van.

UPDATED: 9/19/17 10:28 am ET - adds details
Volvo plans U.S. plant expansion, doubling original investment, reports say

Volvo is doubling investment in its first U.S. plant, which is under construction, to add a second production line at a total cost of $1 billion as the carmaker heads for a fourth straight year of record global sales, according to reports from Reuters and a local newspaper.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

UPDATED: 9/11/17 5:18 pm ET - adds details
Irma forces dealerships, ports to close

Tropical storm Irma swung further west than expected but still hammered the auto industry in the Southeast, cutting power and closing ports. Some Florida dealers plan to reopen Tuesday.

Houston dealers assess damage

Virgil Skinner, past chairman of the Houston dealers association, laid out what he expects his peers to do in the next few days. The message he is sending is that the post-Harvey recovery will be tedious and painful, but vital. "It's going to take the better part of a week for dealers to actually get into their stores, assess the damage and come up with a plan to get back in business," Skinner said. "Not just for themselves but especially for the employees."

UPDATED: 7/25/17 4:15 pm ET - adds stock close
Asbury's Q2 net drops 13% to $32 million

Asbury Automotive's second-quarter net income dropped 13 percent to $31.9 million on lower profit margins per new and used vehicles sold.

UPDATED: 5/31/17 4:13 pm ET - adds identities, video
Shootout at Texas dealership kills 3

Two bounty hunters posing as federal agents waited at a Nissan dealership for a third man. When he arrived, a gunfight broke out. All three are dead.

LAcarGuy's racing videos strike a chord

California dealer Mike Sullivan, the self-branded LAcarGuy, has headed to the track to promote his Porsche of South Bay store. He's racing in a Porsche Cayman GT4 Clubsport series and taking his customers along for the ride in his Weekend Warriors web video series.

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