Retail

Fiat's Marchionne sticks to 2014 guidance

Sept. 11, 2014 15:57 CET
Fiat CEO Sergio Marchionne says he sees no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. After poor second-quarter results from Fiat, analysts were widely expecting a cut in guidance....
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Hertz reaches pact with Icahn to replace 3 directors

4:44 pm U.S. ET | Sept. 11, 2014
Hertz Global Holdings reached an agreement in principle with billionaire investor Carl Icahn to appoint three directors to the board of the rental-car company in place of current members....
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Tesla's Musk named Vanity Fair's top 'disrupter'

3:57 pm U.S. ET | Sept. 11, 2014
Tesla Motors CEO Elon Musk can add another accomplishment to his resume today: Vanity Fair has named him the top disrupter in its New Establishment list of influential players in technology, entertainment, finance and politics....
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AMY WILSON

How two old friends made the AutoNation-Barrier deal happen

11:01 am U.S. ET | Sept. 11, 2014
Jimmy Barrier's decision to sell his Seattle-area luxury-brand dealerships to AutoNation was more than 30 years in the making. That's how far back Barrier goes with AutoNation CEO Mike Jackson....
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BMW's brand sales rise 6% in August on China, U.S. demand

Sept. 11, 2014 09:56 CET
Sales of BMW's core brand increased 6 percent in August, boosted by strong demand in China and the U.S. Eight-month deliveries rose 10 percent, helping the marque to maintain its lead in global premium sales over rival Audi....
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Ad campaign for redesigned Lincoln Navigator starts next month

12:46 pm U.S. ET | Sept. 10, 2014
Next month, Lincoln will kick off its first significant marketing campaign for the Lincoln Navigator since 2007, brand executives said at a press event here....
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Hertz investors want Roger Penske on board, reports say

1:55 pm U.S. ET | Sept. 10, 2014
At least two big Hertz Global Holdings Inc. investors plan to meet this week with its new chairwoman to propose adding industry veteran Roger Penske to the board, people familiar with the plans said....
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AutoNation to buy 4 luxury dealerships in Seattle market

9:15 am U.S. ET | Sept. 10, 2014
AutoNation is expanding its footprint in the Pacific Northwest by buying four luxury-brand dealerships in the Seattle market that generate more than $350 million in annual revenue....
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Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week....
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Dodge Challenger Hellcat dealer ordering begins -- with a catch

8:00 am U.S. ET | Sept. 9, 2014
Dodge will open dealer ordering for its new 707-hp 2015 Dodge Challenger SRT Hellcat today, but the brand is changing its normal allocation methods to make sure the high-powered coupe gets into the hands of waiting enthusiasts....
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U.S. sales strength will hold through the year, Edmunds says

4:24 pm U.S. ET | Sept. 9, 2014
August's surge in auto demand in the United States could help lift this year's sales totals above levels last seen in 2006, Edmunds.com analysts said today....
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Universal map accuracy will be crucial to autonomous vehicles, transport official says

3:54 pm U.S. ET | Sept. 9, 2014
Michigan transportation chief Kirk Steudle today shared stories of some GPS mishaps to highlight one of the critical issues facing autonomous vehicles: They’ll need precise mapping to lead them....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Supercar sales forecast to rise more than 60% in Europe by 2017

Sept. 9, 2014 06:15 CET
European sales of supercars are on the rebound as automakers begin to replace aging models and consumer confidence returns after the recession. Models such as BMW's i8 are forecast to boost volume by over 60 percent through 2017, IHS Automotive says....
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VW reports flat core-brand sales in August

Sept. 9, 2014 12:10 CET
VW said core-brand sales rose 0.1 percent in August, taking the total for eight-month global deliveries to 4.03 million, a rise of 3 percent. Weaker monthly sales in the U.S. were offset by robust increases in western Europe and China....
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California generates 40% of U.S. plug-in car sales, report says

10:55 am U.S. ET | Sept. 9, 2014
California drivers are fueling the sale of rechargeable cars in the United States with more than 100,000 sold in the state in the last four years, representing about 40 percent of the domestic plug-in market....
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Audi lifts annual sales forecast to 1.7 million cars as China, U.S. offset European decline

Sept. 9, 2014 10:45 CET
Audi raised its full-year global sales forecast to 1.7 million vehicles as strong demand in China and the United States continues to offset slumping volume in Europe....
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Hyundai taps actor Paul Rudd as new U.S. pitchman

6:10 pm U.S. ET | Sept. 8, 2014
Hyundai, in a push to appeal to younger buyers in the United States, has selected actor Paul Rudd as the brand's new celebrity pitchman....
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Russia car sales fall 26% in August as Ukraine crisis hits confidence

Sept. 8, 2014 15:05 CET
New-car sales in Russia fell by 26 percent in August after a 23 percent decline the previous month as Western sanctions over the conflict in Ukraine hit consumer confidence....
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MV-1 wheelchair-access vehicle now available at 107 dealerships

3:42 pm U.S. ET | Sept. 8, 2014
More than 100 dealers are now prepared to offer their customers MV-1 wheelchair-accessible vehicles, manufacturer Mobility Ventures said in a statement today....
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Wholesale used prices down for 4th straight month, Manheim Index shows

3:34 pm U.S. ET | Sept. 8, 2014
Wholesale prices of used-vehicles declined for the fourth consecutive month in August, according to the Manheim Used Vehicle Index released today....
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VW says fuel cell cars will struggle beyond Japan

Sept. 8, 2014 10:52 CET
Volkswagen says fuel cell cars will probably struggle to catch on outside Japan where the government has invested in measures including a fuel-station network and generous subsidies that are too high for other countries to match....
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SNAKEBIT

Dodge knocks off $15K to spur sales of pricey new Viper

12:01 am U.S. ET | Sept. 8, 2014
Since the Viper's reintroduction at the 2012 New York auto show, the sports coupe has moved fast everywhere except where it matters most: off dealer lots. Now Dodge has a plan to boost Viper sales....
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Hertz CEO Frissora steps down amid shareholder pressure

9:17 am U.S. ET | Sept. 8, 2014
Hertz CEO Mark Frissora, who took the helm of the rental car giant after a successful stint as head of auto supplier Tenneco, stepped down today after investors pushed for his removal, citing accounting and operational missteps....
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Verizon to launch app for car sharing, rentals

12:01 am U.S. ET | Sept. 8, 2014
Wireless telecommunications giant Verizon today announced plans to introduce a new smartphone app that would allow rental car customers to unlock a vehicle....
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GM leads broad rise in M&A

GM dealerships' buy-sell activity jumps

12:01 am U.S. ET | Sept. 8, 2014
GM stores are by far the most sold and acquired in the dealership buy-sell market this year. Buy-sell expert Alan Haig says "it's a sign that their profits are strong, and buyers are seeing momentum in the GM brands that didn't exist in prior years."...
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Dealer Speaks - Defying Dad, by building on his legacy

Dealer Speaks - Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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