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BEST PRACTICES Austin dealer is the biggest show in town 12:01 am U.S. ET | June 17, 2013  Since instituting one-price selling, First Texas Honda has jumped from 380th among Honda dealerships in terms of sales volume to the top 30, and from selling 200 new and used vehicles a month to 450.... Read More »
Opel-Buick link to grow stronger 12:01 am U.S. ET | June 17, 2013  The Buick lineup has taken on a decidedly European flavor in the past three years. The Regal and Verano sedans and the new Encore compact crossover are Opels that migrated to the U.S. market wearing Buick badges.... Read More »
Lentz: Toyota may never match '09 share 12:01 am U.S. ET | June 17, 2013  Toyota may never recapture the 17.0 percent share of the U.S. light-vehicle market that it achieved in 2009, Jim Lentz, CEO of Toyota North America, told reporters before the company's annual shareholders meeting.... Read More »
Another low-wattage week for EVs 12:01 am U.S. ET | June 17, 2013 Chalk it up as another rough week on the electric vehicle front.... Read More »
Mitsubishi weighs Mirage sedan for U.S. 12:01 am U.S. ET | June 17, 2013  Mitsubishi Motors Corp. will show a sedan version of its Mirage hatchback compact car to visitors from North America this month in Thailand, to gauge prospects for exporting the car to America.... Read More »
A bigger, flashier C class is coming 12:01 am U.S. ET | June 17, 2013  A bigger and roomier fourth-generation 2014 Mercedes-Benz C class will have a more dynamic exterior styling to challenge the BMW 3 series and the redesigned Audi A4 also due next year, sources tell Automobilwoche, Automotive News' German sibling publication.... Read More »
Stocks dip after strong May sales 12:01 am U.S. ET | June 17, 2013 Light-vehicle stocks became leaner last month, falling to a 57-day supply on June 1 from 63 days on May 1. It was the first time inventories have fallen since the start of the year.... Read More »
Nissan, Hyundai-Kia fleet sales rise in May 12:01 am U.S. ET | June 17, 2013 Both Nissan North America and Hyundai-Kia more than doubled their fleet sales in May, but overall fleet sales by the top seven automakers in the United States increased just 4 percent from a year ago. Retail sales by the seven automakers rose 9 percent, to just more than 1 million units.... Read More »
Toyota gets more time to win approval of $1.1 billion legal settlement 7:19 pm U.S. ET | June 13, 2013  Toyota and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of customers’ vehicles in the United States.... Read More »
Ford studies new models to drive Lincoln revival 3:48 pm U.S. ET | June 13, 2013  Ford may develop new models for Lincoln in fast-growing vehicle segments as part of the automaker's latest attempt to revive the struggling luxury brand and boost its profits. The company did not specify which vehicle segments it was targeting. But in a presentation to investors on Thursday, Ford showed in a chart that it expects the premium small-car and crossover segments to grow sharply by 2015.... Read More »
Cadillac prices 2014 CTS $6,035 higher than outgoing model 1:49 pm U.S. ET | June 13, 2013  The redesigned 2014 Cadillac CTS sedan's sticker price is $6,035 higher than the outgoing CTS. Cadillac said today that the 2014 CTS will start at $46,025, including a $925 destination charge. Last year's CTS had a starting sticker price of $39,990, including an $895 destination charge.... Read More »
Apollo's second offer to buy Cooper creates new global tire giant 11:59 am U.S. ET | June 13, 2013  Apollo Tyres' $2.5 billion offer to buy Cooper Tire & Rubber, announced this week, wasn't the first time the Indian company tried to acquire the American tire producer. Now the combined company promises to be a major player in the world tire business, with numerous connections to automakers.... Read More »
U.S. study sounds alarm on voice-to-text features in carsJune 13, 2013 06:01 CET  The voice-to-text features that car companies are offering to keep drivers' eyes on the road may also be highly distracting, the consumer group AAA warned as it released the results of a two-year research project.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billion 9:57 am U.S. ET | June 12, 2013  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billionJune 12, 2013 15:57 CET  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
Toyota doubts it will regain U.S. market share peak 7:56 am U.S. ET | June 12, 2013  Toyota said it is unlikely to recapture its peak market share it held four years ago in the United States, its biggest market, the latest sign the Japanese carmaker is shifting from aggressively expanding sales to improving quality.... Read More »
BMW sued by U.S. over criminal background checks in hiringJune 12, 2013 06:01 CET  BMW's manufacturing arm was sued by the U.S. government over the allegedly discriminatory use of criminal background checks in hiring at a South Carolina facility.... Read More »
U.S. EV maker Coda wins approval to sell assets to FortressJune 12, 2013 09:28 CET  U.S electric car maker Coda Automotive has won bankruptcy court approval to sell its assets for $25 million to a group of lenders led by Fortress Investment Group.... Read More »
BMW sued by U.S. over criminal background checks in hiring 7:34 pm U.S. ET | June 11, 2013  BMW's manufacturing arm was sued by the U.S. government over the allegedly discriminatory use of criminal background checks in hiring at a South Carolina facility.... Read More »
Magna moving U.S. HQ to larger space in suburban Detroit 2:43 pm U.S. ET | June 11, 2013  Magna International plans to relocate about 300 employees into 117,300 square feet of office space at its new United States headquarters by September. The Canadian automotive supplier said it will move from its existing office in Troy, Mich., to a larger facility nearby.... Read More »
N.A. output rises 7% in May 12:01 am U.S. ET | June 10, 2013 North American car and truck production in May rose 7 percent, or an estimated 1,492,913 units over the same month in 2012. It was the largest May since 2007 (1,454,475).... Read More »
EDITORIAL Welcome mat 12:01 am U.S. ET | June 10, 2013 More entrepreneurs and businesspeople with no automotive retailing experience are interested in buying dealerships. And why not? A dealership business model is appealing, has good cash flow and typically offers a 20 percent return on investment.... Read More »
Hyundai, Kia to ride out sales lull 12:01 am U.S. ET | June 10, 2013 Hyundai and Kia just turned in another lackluster sales report. The South Korean brands had become industry standouts in recent years, posting sales growth even amid the depths of the 2008-09 recession and drawing praise for their distinctive designs. But with production capacity maxed out, their U.S. growth has stalled.... Read More »
Ram takes aim at GM, Ford truck-fleet reign 12:01 am U.S. ET | June 10, 2013  May and June are the bidding season for commercial fleet operators who purchase pickups by the dozen and sometimes hundreds. That means the next few weeks will tell whether Chrysler Group's Ram brand will increase its small share of the crucial commercial fleet market.... Read More »
Mazda sales uptick stirs rebound hopes 12:01 am U.S. ET | June 10, 2013  Mazda is pointing to its May sales rebound as a sign that its U.S. turnaround, three years in the making, is finally under way. A 19 percent gain last month halted Mazda's four-month streak of sales declines, a rough start that had threatened to derail the brand's 2013 goals of surpassing 300,000 U.S. sales for the first time since the mid-1990s and avoiding a third straight year of market share losses.... Read More »
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