Retail

PSA plans to export Iran-made cars after nuclear deal

July 24, 2015 06:01 CET

PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program....
Read More »

Faurecia accelerates margin target as first-half earnings surge

July 24, 2015 10:47 CET

Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016....
Read More »

Honda's freshened Accord gets new smartphone, safety tech for 2016

5:37 pm U.S. ET | July 23, 2015

Honda unveiled a midlife update for its midsize Accord, a lightly freshened model that will play nice with both Apple CarPlay and Android Auto. The 2016 Accord sedan and coupe will also offer the Honda Sensing suite of autonomous safety features....
Read More »

FTC probes GM over possible CPO sales without recall fixes

6:03 pm U.S. ET | July 23, 2015

The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs....
Read More »

Group 1 profit up 20% on record revenue

7:45 am U.S. ET | July 23, 2015

Group 1 Automotive reported strong second quarter earnings, thanks to rising vehicle sales and firm pricing in the U.S. and the United Kingdom, and improvements in its Brazilian division despite tough economic conditions in that country....
Read More »

Toyota delays decision to produce Lexus lineup in China

1:24 pm U.S. ET | July 23, 2015

Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan....
Read More »

VINCE BOND JR.

BLOG: Automakers should deploy mobile ads earlier in purchase cycle, Facebook study finds

9:00 am U.S. ET | July 23, 2015

A Facebook study finds automakers need to reach potential buyers in the digital realm, particularly on mobile devices, earlier in the purchase cycle....
Read More »

JAMES B. TREECE

BLOG: Group 1 makes terrific lemonade

1:03 pm U.S. ET | July 23, 2015

Don't feel sorry for Group 1 Automotive. They're doing just fine, thank you. More than fine, in fact....
Read More »

Japanese automaker group says China market in 'downward spiral'

July 23, 2015 12:34 CET

China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association....
Read More »

VW, Metzler sell LeasePlan for 3.7 billion euros

July 23, 2015 09:42 CET

Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion)....
Read More »

Google's self-driving cars, mishaps aside, are 'learning the road,' exec says

12:43 pm U.S. ET | July 22, 2015

The head of Google's self-driving car program said the company's test vehicles are very safe and noted recent accidents involving them were minor and actually the fault of other drivers, not Google technology....
Read More »

Audi will replace its China chief amid sales decline

July 22, 2015 13:27 CET

Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market....
Read More »

Lithia prepares for next acquisition

1:41 pm U.S. ET | July 22, 2015

Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months....
Read More »

Lithia's Q2 net jumps 34% on DCH purchase

9:19 am U.S. ET | July 22, 2015

Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes....
Read More »

High-performance Cadillacs roar into Japan

7:23 am U.S. ET | July 21, 2015

GM is introducing two high-performance V-Series Cadillac nameplates in Japan that outspoken presidential hopeful Donald Trump famously blasted as closed to Detroit automakers....
Read More »

Opel aims Astra at 'user-chooser' company car drivers to boost profit

July 21, 2015 06:01 CET

Opel will target its new Astra at so-called "user-chooser" company car drivers in a bid to lift sales of the key model as it seeks to return to profitability. Corporate sales are growing in the brand's German home market....
Read More »

Asbury Q2 net rises 14% on broad revenue gains

10:59 am U.S. ET | July 21, 2015

Asbury Automotive Group Inc.’s net income increased 14 percent in the second quarter to $41.1 million....
Read More »

Bugatti names former Bentley, Ferrari exec as marketing boss

July 21, 2015 06:01 CET

Bugatti named Oliver Winkes as its new marketing chief. The VW Group veteran who started his career with Ferrari will be responsible for the supercar marque's marketing activities....
Read More »

Fiat Chrysler and Guangzhou Auto plan joint venture for sales in China

July 21, 2015 10:41 CET

Fiat Chrysler and Guangzhou Automobile will create a joint venture to integrate sales and marketing for the Fiat, Chrysler and Jeep brands in China. Fiat Chrysler aims to sell 850,000 locally built and imported vehicles annually in China in 2018, up from fewer than 195,000 in 2014....
Read More »

Faurecia explores sale of bumpers unit, report says

July 21, 2015 10:26 CET

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said...
Read More »

Ad agency's viral-video goal: Surprise, create buzz

12:01 am U.S. ET | July 20, 2015

Using the Car Lister auto-buying service is as easy as lifting the front wheels of a Ford Escape taxi off the ground. At least that's what the pranksters at ad agency Thinkmodo would like you to believe in a recent video....
Read More »

Private tracks best venue to test self-driving cars, key U.S. senator says

3:16 pm U.S. ET | July 20, 2015

Self-driving cars would be "better" tested on private test tracks than on public roads, said a U.S. senator who has authored several bills on advanced vehicle technologies, after Google disclosed injuries in its latest accident involving a prototype....
Read More »

Sonic Automotive's Q2 net drops 45%

11:45 am U.S. ET | July 20, 2015

Sonic Automotive's adjusted net income fell 45 percent in the second quarter, partly because of rising expenses related to the launch of the retailer's EchoPark standalone used-car stores, the company said today. New-vehicle sales and revenue also fell....
Read More »

Renault mulls Iran launch for Kwid crossover

July 20, 2015 17:28 CET

Renault may sell its new Indian-built Kwid crossover in Iran in a bid to freshen its model lineup as it prepares to return to the market following a deal to lift economic sanctions....
Read More »

Audi will give aid to China dealers, report says

July 20, 2015 11:19 CET

Audi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month....
Read More »

Automotive News Cover
News by Brand