Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Tue, 21 Apr 2015 06:00:00 EST Sonic Q1 revenue up, net income down on costs for new initiatives http://www.autonews.com/article/20150421/RETAIL07/150429963/sonic-q1-revenue-up-net-income-down-on-costs-for-new-initiatives Tue, 21 Apr 2015 09:06:36 EST Sonic Automotive reported a nearly 5 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business. Why Lincoln is ready to throw away the alphabet soup http://www.autonews.com/article/20150421/BLOG06/150429950/why-lincoln-is-ready-to-throw-away-the-alphabet-soup Tue, 21 Apr 2015 14:44:29 EST Lincoln's announcement last month that the Continental will replace the MKS signaled the automaker might be rethinking its decision to drop actual names nearly a decade ago. How Hyundai's synchronized 'Message to Space' came together http://www.autonews.com/article/20150421/RETAIL03/150429958/how-hyundais-synchronized-message-to-space-came-together Tue, 21 Apr 2015 10:41:39 EST Before Hyundai could send 'A Message to Space,' it had to deal with a slew of hurdles on Earth. Asbury's first quarter net income rises 14% http://www.autonews.com/article/20150421/RETAIL07/150429964/asburys-first-quarter-net-income-rises-14 Tue, 21 Apr 2015 09:06:48 EST Asbury Automotive Group's net income jumped 14 percent in the first quarter of 2015 from the year-earlier period, to $35.9 million, as all parts of its business saw profit gains. Norway to review EV subsidies as sales soar http://europe.autonews.com/article/20150421/ANE/150429967/norway-to-review-ev-subsidies-as-sales-soar Tue, 21 Apr 2015 08:29:39 EST Norway is reviewing its subsidies for electric vehicles after generous government incentives made the country the biggest user of EVs in the world, hurting state revenues, the finance ministry said. PSA lifts European output as market upturn helps turnaround plan http://europe.autonews.com/article/20150421/ANE/150429972/psa-lifts-european-output-as-market-upturn-helps-turnaround-plan Tue, 21 Apr 2015 04:55:14 EST PSA will boost European production by 10 percent as a market rebound and demand for models including the Peugeot 208 subcompact and Citroen C4 Cactus crossover help boost the carmaker a year into a major turnaround plan. Volvo's future rides on revived XC90 http://europe.autonews.com/article/20150421/ANE/150419993/volvos-future-rides-on-revived-xc90 Tue, 21 Apr 2015 00:15:00 EST Volvo says its all-new XC90 flagship represents the future of the automaker, which aims to nearly double global sales to 800,000 vehicles by 2020. Hyundai's space stunt rockets up rankings http://www.autonews.com/article/20150421/VIRALVIDEO/304219998/hyundai-s-space-stunt-rockets-up-rankings Tue, 21 Apr 2015 00:01:00 EST In the latest heart-warming stunt by an automaker, Hyundai helps a daughter contact her astronaut dad. BMW cutting production, prices in China as market slows http://europe.autonews.com/article/20150420/ANE/150429990/bmw-cutting-production-prices-in-china-as-market-slows Mon, 20 Apr 2015 08:28:04 EST BMW has reduced the prices of some of its vehicles in China and will cut local production in the country to ensure that dealers are not overstocked as luxury demand in the world's largest auto market slows. Why this Tampa dealer reset Latino marketing efforts http://www.autonews.com/article/20150420/BLOG06/150429975/why-this-tampa-dealer-reset-latino-marketing-efforts Mon, 20 Apr 2015 21:53:58 EST Tampa's Kuhn Honda has hit the reset button on its marketing to Latinos as it seeks to increase its already outsized sales numbers with the group. Test Drive TV mobile app delivers official car videos to enthusiasts http://www.autonews.com/article/20150420/RETAIL03/150429978/test-drive-tv-mobile-app-delivers-official-car-videos-to-enthusiasts Mon, 20 Apr 2015 14:32:26 EST A new mobile video app that curates official Web videos posted by automakers on sites such as YouTube and organizes them into individual channels on the app is now live. Alfa's pitch will be luxury, Italian style http://www.autonews.com/article/20150420/RETAIL03/304209932/alfas-pitch-will-be-luxury-italian-style Mon, 20 Apr 2015 00:01:00 EST As he prepares the campaign to reintroduce Alfa Romeo to the United States, Fiat Chrysler marketing chief Olivier Francois says he may exploit the notion that shoppers have become tired of lookalike German luxury cars. Musk nearly sold Tesla to Google in 2013, new book says http://www.autonews.com/article/20150420/OEM05/150429985/musk-nearly-sold-tesla-to-google-in-2013-new-book-says Mon, 20 Apr 2015 11:33:02 EST A book titled Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future says Musk had a deal with Google's Larry Page to sell Tesla to the technology giant before the electric-car maker saw a turnaround in its fortunes. VW says it could cut battery costs with single design http://www.autonews.com/article/20150420/OEM06/304209953/vw-says-it-could-cut-battery-costs-with-single-design Mon, 20 Apr 2015 00:01:00 EST Volkswagen's randd boss says using a single type of lithium ion battery cell for all VW, Porsche, Audi and other group electrified vehicles could lead to a two-third reduction in what the automaker currently spends on the technology. Dealership employees, payrolls top prerecession levels http://www.autonews.com/article/20150420/RETAIL/304209933/dealership-employees-payrolls-top-prerecession-levels Mon, 20 Apr 2015 00:01:00 EST U.S. dealerships added to their employee count for the fifth year in a row last year, causing the average store's payroll to rise sharply above its pre-recession levels. FCA puts the squeeze on dealer profits http://www.autonews.com/article/20150420/RETAIL07/304209967/fca-puts-the-squeeze-on-dealer-profits Mon, 20 Apr 2015 00:01:00 EST Fiat Chrysler is squeezing U.S. dealerships' profits by boosting vehicle invoice prices but not the corresponding sticker prices. Ally change saves dealers big money http://www.autonews.com/article/20150420/RETAIL/304209965/ally-change-saves-dealers-big-money Mon, 20 Apr 2015 00:01:00 EST The 4,200 dealerships that finance their vehicle inventory through Ally Financial are seeing savings from Ally's recent shift to peg interest rates to LIBOR rather than a prime-rate benchmark. Lackluster profits drive FCA's higher invoice prices http://www.autonews.com/article/20150420/RETAIL01/304209929/lackluster-profits-drive-fcas-higher-invoice-prices Mon, 20 Apr 2015 00:01:00 EST The reason behind Fiat Chrysler's wholesale pricing action is simple: profits -- or the lack thereof. Chevy's Man U sponsorship scores from miles away http://www.autonews.com/article/20150420/RETAIL03/304209935/chevys-man-u-sponsorship-scores-from-miles-away Mon, 20 Apr 2015 00:01:00 EST The crowd mobbing the Chevrolet stand at this month's Seoul Motor Show highlights the oft-overlooked upside of the brand's controversial Manchester United sponsorship. Dealers http://www.autonews.com/article/20150420/RETAIL07/150419872/dealers Mon, 20 Apr 2015 00:01:00 EST Max Jamiesson, left, and Nathen Hughes, center, of Salinas Toyota in Salinas, Calif., receive a 50-year award from Pete Carey, general manager of Toyota Motor Sales U.S.A.'s San Francisco region. De Niro starts the engines on Ferrari film http://www.autonews.com/article/20150420/OEM02/304209939/de-niro-starts-the-engines-on-ferrari-film Mon, 20 Apr 2015 00:01:00 EST Fans of Enzo Ferrari have waited a long time for a biopic of the great man. Now it appears they'll get their wish -- with Robert De Niro in the lead role. Google's top visionary to address engineers http://www.autonews.com/article/20150420/OEM06/304209958/googles-top-visionary-to-address-engineers Mon, 20 Apr 2015 00:01:00 EST Consider it a speech from the future. Ray Kurzweil, Google's director of engineering and renowned inventor, author and futurist, will be the keynote speaker at SAE International's World Congress in Detroit. Rural dealer becomes used-car powerhouse http://www.autonews.com/article/20150420/RETAIL/304209951/rural-dealer-becomes-used-car-powerhouse Mon, 20 Apr 2015 00:01:00 EST Small-town Schafer Chevrolet has turned the devastating loss of three new-car franchises into a used-car powerhouse. Freshened Fusion http://www.autonews.com/article/20150420/OEM04/304209941/freshened-fusion Mon, 20 Apr 2015 00:01:00 EST The Ford Fusion, due for a freshening next year as a 2017 model, gets a restyled rear end, as shown in this spy photo. BMW Group, inspired by Google Glass, tests experimental driving goggles http://www.autonews.com/article/20150419/OEM06/150419865/bmw-group-inspired-by-google-glass-tests-experimental-driving-goggles Sun, 19 Apr 2015 12:00:00 EST BMW Group, which thinks computerized headsets such as Google Glass could be the next big thing, has unveiled a prototype of goggles that turn the world into a digital display, making it easier to follow navigation directions and park in a BMW or... Volkswagen mulls budget SUVs, minivans for China http://europe.autonews.com/article/20150419/ANE/150419861/volkswagen-mulls-budget-suvs-minivans-for-china Sun, 19 Apr 2015 05:13:31 EST Volkswagen is exploring the possibility of developing budget SUVs and minivans in China to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said. VW is considering a product family of low-cost models, he said. Scion shifts ad model for iA, iM launch http://www.autonews.com/article/20150419/RETAIL03/304209927/scion-shifts-ad-model-for-ia-im-launch Sun, 19 Apr 2015 00:01:00 EST In September, Toyota's Scion will launch the new iM hatchback and iA sedan with the most-expensive marketing campaign since the brand was launched in 2003. How an oddball Chevy transformed a Houston dealership http://www.autonews.com/article/20150418/RETAIL07/304209963/how-an-oddball-chevy-transformed-a-houston-dealership Sat, 18 Apr 2015 00:01:00 EST More than a decade after General Motors launched the Chevrolet SSR, most people still aren't sure what to make of the retro-styled, high-performance roadster pickup. Paul Peebles has managed to make a thriving business out of it. New Jeep Renegade ad campaign has an indie-rock youth vibe http://www.autonews.com/article/20150417/RETAIL03/150419895/new-jeep-renegade-ad-campaign-has-an-indie-rock-youth-vibe Fri, 17 Apr 2015 08:00:00 EST In its new Renegade campaign, Jeep wanted up-and-coming artists to lay a soundtrack aimed at millennials instead of more established acts. VW Group sales rise 2% on Europe, China demand http://europe.autonews.com/article/20150417/ANE/150419891/vw-group-sales-rise-2-on-europe-china-demand Fri, 17 Apr 2015 06:25:39 EST VW said group sales rose 2.3 percent in March to 968,300 vehicles, as gains in Western Europe and China helped offset declines in the U.S. and South America. The result extended first-quarter deliveries to a total of 2. VW, Metzler terminate talks to sell LeasePlan http://europe.autonews.com/article/20150416/ANE/150419904/vw-metzler-terminate-talks-to-sell-leaseplan Thu, 16 Apr 2015 12:56:08 EST VW Group and private German bank Metzler have terminated talks to sell LeasePlan, a Dutch fleet-management company with 1.42 million vehicles spread across 32 countries. Frank Audette, longtime Detroit area Cadillac dealer, dead at 90 http://www.autonews.com/article/20150416/OEM02/150419900/frank-audette-longtime-detroit-area-cadillac-dealer-dead-at-90 Thu, 16 Apr 2015 15:28:36 EST Frank Audette, the creator of the Troy Motor Mall and founder of the former Audette Cadillac dealership in suburban Detroit, died April 10. He was 90. Chinese automakers are taking over the hottest SUV market http://www.autonews.com/article/20150416/OEM/304169948/chinese-automakers-are-taking-over-the-hottest-suv-market Thu, 16 Apr 2015 12:34:20 EST After years of losing out to foreign brands, China's automakers are winning in the world's hottest SUV market by employing a tried-and-tested strategy: offering them cheap. Chevy runs digital video ads in print http://www.autonews.com/article/20150416/RETAIL03/150419909/chevy-runs-digital-video-ads-in-print Thu, 16 Apr 2015 10:54:21 EST Chevrolet has purchased a series of print ads to show off digital videos promoting the Colorado pickup. Toyota engineer doubts electric cars will spread even with rapid chargers http://www.autonews.com/article/20150416/OEM05/150419918/toyota-engineer-doubts-electric-cars-will-spread-even-with-rapid Thu, 16 Apr 2015 06:50:43 EST Battery-powered electric vehicles don't have a practical future as a long-range alternative to conventional cars even if technological breakthroughs allow them to be charged quickly, a top Toyota engineer said today. BorgWarner CEO welcomes electrification of the powertrain http://europe.autonews.com/article/20150416/ANE/150409890/borgwarner-ceo-welcomes-electrification-of-the-powertrain Thu, 16 Apr 2015 00:15:00 EST BorgWarner sees the electrification of the powertrain as a positive for the supplier despite its heavy reliance on sales of parts that EVs don't need, such as turbochargers and glow plugs, James Verrier, the company's CEO, explained to Automotive... GM launches software that flags recalled vehicles on dealer lots http://www.autonews.com/article/20150415/RETAIL07/150419924/gm-launches-software-that-flags-recalled-vehicles-on-dealer-lots Wed, 15 Apr 2015 13:54:08 EST 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. Tesla awaits OK from governor to sell directly in Maryland http://www.autonews.com/article/20150415/RETAIL/150419927/tesla-awaits-ok-from-governor-to-sell-directly-in-maryland Wed, 15 Apr 2015 12:45:33 EST Tesla will be granted up to four licenses in Maryland if the governor signs a bill supported by the Maryland Automobile Dealers Association. 2016 Cadillac ELR to get $10,000 price cut, more power http://www.autonews.com/article/20150415/OEM04/150419929/2016-cadillac-elr-to-get-10000-price-cut-more-power Wed, 15 Apr 2015 11:24:57 EST 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. Crossovers to boost awd suppliers for rest of the decade http://europe.autonews.com/article/20150415/ANE/150409891/crossovers-to-boost-awd-suppliers-for-rest-of-the-decade Wed, 15 Apr 2015 00:15:00 EST Booming demand for SUVs and crossovers in Europe and China will keep benefiting suppliers of all-wheel-drive technology such as GKN Driveline, BorgWarner and JTEKT for the rest of the decade. Honda teams up with NBC, SNL for digital video series http://www.autonews.com/article/20150414/RETAIL03/150419950/honda-teams-up-with-nbc-snl-for-digital-video-series Tue, 14 Apr 2015 12:22:21 EST The 2015 Honda CR-V and 2016 HR-V crossovers serve as the backdrops for off-the-cuff comedy with Saturday Night Live cast members in the 'Saturday Night Line' original digital video series. BMW sales rise 5% in March on minivan, 4-series demand http://europe.autonews.com/article/20150414/ANE/150419965/bmw-sales-rise-5-in-march-on-minivan-4-series-demand Tue, 14 Apr 2015 05:35:51 EST BMW said sales of its core luxury brand rose 5.1 percent in March to a record 195,593 cars, thanks to strong demand for the 2-series Active Tourer minivan and 4-series coupe. Lexus, Subaru score highest consumer reviews on DealerRater http://www.autonews.com/article/20150414/RETAIL07/150419944/lexus-subaru-score-highest-consumer-reviews-on-dealerrater Tue, 14 Apr 2015 17:31:26 EST 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. VW shows off GTI Supersport concept for video game http://www.autonews.com/article/20150414/RETAIL03/150419946/vw-shows-off-gti-supersport-concept-for-video-game Tue, 14 Apr 2015 15:13:25 EST Volkswagen has unveiled a second high-performance concept for 'Gran Turismo 6' on the Playstation 3 game system. The Volkswagen GTI Supersport Vision Gran Turismo was released today. Hyundai's 'Message to Space' from a girl to her astronaut dad http://www.autonews.com/article/20150414/RETAIL03/150419947/hyundai-s-8216-message-to-space-8217-from-a-girl-to-her-astronaut-dad Tue, 14 Apr 2015 15:11:26 EST To help an astronaut's 13-year-old daughter communicate with her astronaut father who hovers over Earth for months at a time in the International Space Station, Hyundai deployed 11 Genesis sedans to Delamar Dry Lake in Nevada to craft a... Chevy cuts price, adds incentives for Spark EV http://www.autonews.com/article/20150414/OEM05/150419951/chevy-cuts-price-adds-incentives-for-spark-ev Tue, 14 Apr 2015 13:00:00 EST Chevrolet is cutting the sticker price on the Spark EV by $1,650 and adding cash incentives that will allow buyers to get the battery electric minicar for as low as $14,995 after federal and state tax breaks. VW brand sales fall nearly 1% in March on weak Russia, Brazil http://europe.autonews.com/article/20150414/ANE/150419961/vw-brand-sales-fall-nearly-1-in-march-on-weak-russia-brazil Tue, 14 Apr 2015 06:46:52 EST Volkswagen Group said sales of its core VW brand fell 0.9 percent last month. Renault Kadjar, VW Tiguan will help drive compact SUV sales past 2 million http://europe.autonews.com/article/20150414/ANE/150409986/renault-kadjar-vw-tiguan-will-help-drive-compact-suv-sales-past-2 Tue, 14 Apr 2015 00:15:00 EST Rivalry in Europe's compact SUV/crossover segment will intensify as more brands compete with refreshed models or all-new entries such as the Renault Kadjar. By 2020 sales in the segment are forecast to double to more than 2 million. Audi uses 'Avengers' to show off TTS http://www.autonews.com/article/20150414/VIRALVIDEO/304149999/audi-uses-avengers-to-show-off-tts Tue, 14 Apr 2015 00:01:00 EST With spring come summer movie blockbusters, and Audi has tied up with one of the biggest. Audi's car sales rise to monthly record as U.S. surge offsets weaker Europe, China http://europe.autonews.com/article/20150413/ANE/150419975/audis-car-sales-rise-to-monthly-record-as-u-s-surge-offsets-weaker Mon, 13 Apr 2015 06:30:55 EST Audi said its vehicle sales increased 4.4 percent in March to 177,950, the highest level for any month in the carmaker's history, as surging volume in the U.S. offset a slowing Europe and China and a decline in Russia. %]