TrueCar losses stabilize as dealer count reboundsThu, 05, May 2016
Car-shopping website TrueCar posted a first-quarter loss of $11.7 million, up slightly from $11.6 million, as the company expanded its roster of dealers and had a hand in more transactions.
Audi's Marvel tie-in helped propel the brandThu, 05, May 2016
Marvel Cinematic Universe and its growing catalog of movies and shows is a lush environment for automakers looking to attach themselves to pop-culture icons and big audiences.
CDK faces investor pressure to streamline or explore a saleThu, 05, May 2016
Elliott Management stepped up pressure on dealership vendor CDK Global, saying the software company needed to streamline operations or explore a sale.
Fiat Chrysler says self-driving car deal with Google not exclusiveThu, 05, May 2016
A newly-struck deal between Google and Fiat Chrysler Automobiles for a fleet of 100 self-driving cars is not exclusive, Fiat's Chief Executive Sergio Marchionne said today.
Billions are being invested in driverless cars that Americans don't wantThu, 05, May 2016
The driverless revolution is racing forward, as inventors overcome technical challenges such as navigating at night and regulators craft new rules. Yet the rush to robot cars faces a big roadblock: People aren't ready to give up the wheel.
Average fuel economy dips, likely driven by rising pickups, SUVs, researchers sayWed, 04, May 2016
After a record-breaking April for light-vehicle sales, the average fuel economy of those vehicles dipped slightly from March, a University of Michigan Transportation Research Institute report said.
Off-lease cars, repos buoy ADESA Q1 revenue, profitsWed, 04, May 2016
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.
Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42MTue, 03, May 2016
Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.
FCA, Google confirm plan for self-driving prototypes based on hybrid Chrysler PacificaTue, 03, May 2016
Google has agreed to buy 100 plug-in hybrid minivans from Fiat Chrysler to expand its self-driving vehicle testing program, the two companies said today in the most advanced partnership to date between Silicon Valley and a carmaker.
Mercedes-Benz pickup takes shapeTue, 03, May 2016
The joint effort between the Renault-Nissan Alliance and Daimler AG that is expected to yield a pickup for Daimler's Mercedes-Benz subsidiary is starting to bear fruit. Spy photos of an early test mule have emerged showing the Mercedes truck -- likely to be named GLT -- taking shape from the Nissan Navara on which it is based.
Why Lithia plans to ratchet up tech hiresMon, 02, May 2016
Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.
Braman technician training becomes a community serviceMon, 02, May 2016
Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.