Retail

Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line

7:30 am U.S. ET | Feb. 11, 2016

Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles....
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Penske Automotive posts mixed results for Q4

11:35 am U.S. ET | Feb. 11, 2016

Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2.6 percent to $71.3 million....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's new sales boss predicts continued growth after record 2015

Feb. 11, 2016 06:01 CET

Porsche easily surpassed its goal of 200,000 annual global sales last year and can now look forward to another year of worldwide growth, Detlev von Platen, the brand's new sales boss, told Automotive News Europe....
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Faurecia raises dividend after sales, margins climb

Feb. 11, 2016 11:24 CET

French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent....
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NICK GIBBS

BLOG: Ford can boost Europe profits by adding upscale Vignale SUVs

12:01 am U.S. ET | Feb. 11, 2016

Ford of Europe isn't saying which models will next get its upscale Vignale trimline but the brand's two largest SUVs are the top candidates as the automaker plans to expand its Vignale variants to at least five by 2017 from just two now....
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BMW drops to 3rd place in global luxury sales race during January

6:30 am U.S. ET | Feb. 10, 2016

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year....
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BMW drops to third place in luxury sales race during January

Feb. 10, 2016 11:56 CET

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes moved closer to a goal of unseating its rival this year....
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Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting....
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Google's autonomous tech can be considered driver under federal law, NHTSA says

8:12 pm U.S. ET | Feb. 9, 2016

U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads....
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GM mobilizes to build more small pickups

3:44 pm U.S. ET | Feb. 9, 2016

General Motors will increase production of the Chevrolet Colorado midsize pickup, which has been in tight supply since its debut 18 months ago, a company executive said today....
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Mercedes is not chasing luxury sales lead at any price, Zetsche says

Feb. 9, 2016 11:29 CET

Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand....
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GM awards more business to ad agency Commonwealth

10:24 am U.S. ET | Feb. 9, 2016

Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett....
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Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said....
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VINCE BOND JR.

BLOG: Hyundai's Super Bowl blitz scored big

4:00 pm U.S. ET | Feb. 8, 2016

Hyundai wanted to make a splash in its first Super Bowl as the NFL's automotive sponsor, but it didn't just throw money around with reckless abandon....
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The inventory is too low? Oh, the irony

12:01 am U.S. ET | Feb. 8, 2016

Wall Street analysts tend to keep a wary eye on automakers' vehicle inventory. If it creeps up, it can be a sign that profit-eroding incentives are coming to help move the metal. So it felt like opposite day last week when an analyst asked General Motors executives during the company's fourth-quarter conference call whether they were concerned that inventories were running too lean....
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VW dealership valuations slide; some smell opportunity

12:01 am U.S. ET | Feb. 8, 2016

Volkswagen's diesel scandal has dinged the company's sales, profits and image. Now, as the scandal enters its sixth month with few signs of a resolution, the effects are trickling down to the value of its U.S. dealerships....
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Automakers opt for less TV time during Super Bowl

10:39 am U.S. ET | Feb. 8, 2016

The Super Bowl was a little less sleek, sporty and horsepowered this year. The portion of advertising time devoted to promoting cars and trucks during the pro football championship game -- TV's most-watched event -- was at the lowest level since 2010....
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Cash for Nissan's preferred dealers

12:01 am U.S. ET | Feb. 8, 2016

In its drive to grab a larger slice of the U.S. market, Nissan North America is quietly forming alliances with selected dealers who get favorable treatment, and sometimes millions of dollars, from the company. Nissan says strengthening its retail networks is critical to its growth plans....
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Russian new-car sales continue steep decline in January

Feb. 8, 2016 15:45 CET

Russian new-car sales plunged 29 percent last month, extending a collapse from 2015 that is forcing the government to spend billions of rubles more to support the ailing auto industry....
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Detroit 3's share of rental fleet declined in 2015

9:00 am U.S. ET | Feb. 8, 2016

GM, Ford and Fiat Chrysler accounted for 60.1 percent -- their lowest collective share ever -- of the 1.78 million new cars and light trucks sold to rental fleets in 2015....
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PSA will pay Iran partner $446 million compensation for quitting market, report says

Feb. 8, 2016 11:28 CET

PSA will pay its Iran partner $446 million in compensation for losses incurred after it quit the country due to sanctions, the Iranian company told a local news agency....
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LUCA CIFERRI

BLOG: 'Autopia' future promoted by Google and Apple will hurt traditional carmakers

12:01 am U.S. ET | Feb. 8, 2016

Industry disrupters such as Google and Apple are better funded than their potential rivals from the automotive field. That could be bad news for traditional auto companies, an industry analyst said....
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Honda Ridgeline: Not your teenager's truck

12:01 am U.S. ET | Feb. 8, 2016

Honda hopes its marketing campaign for the Ridegline will grab buyers with a little more gray in their hair and green in their wallets than the prototypical Toyota Tacoma fan....
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Used-car loophole for recalls tightens up

12:01 am U.S. ET | Feb. 8, 2016

While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. And with powerful players mobilizing on the issue in an era of high-volume, high-profile recalls, dealers and automakers may face pressure to revisit their policies....
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A boost in fleet helps Jan. sales stay afloat

12:01 am U.S. ET | Feb. 8, 2016

Strong fleet volume lifted overall sales of new light vehicles in the U.S. in January -- almost enough to overcome a shortened calendar and a winter storm....
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