Bob Lutz blasts Tesla, Musk, compares followers to a 'religious cult'Wed, 26, Oct 2016
Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the business news network.
Alfa will add a Giulia wagon to boost European salesWed, 26, Oct 2016
Alfa Romeo will launch a station wagon version of its Giulia sedan in Europe late next year to help boost sales of the key model, people briefed on the matter said.
Penske Automotive Q3 net rises 1.1% to $88.5 millionWed, 26, Oct 2016
Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.
Asbury plans to sell 4 stores in ArkansasTue, 25, Oct 2016
Asbury is getting out of Arkansas, a market which has underperformed for the company. The retailer is working on a deal to buy dealerships elsewhere that would be more profitable.
Asbury Q3 net drops 37 percent on lower salesTue, 25, Oct 2016
Asbury Automotive Group's third-quarter net income fell 37 percent to $32.4 million in part because of lower new- and used-vehicle sales, the company said today.
Goal of JLR store redesign: Break sales-service barrierMon, 03, Oct 2016
Jaguar Land Rover North America's new Arch dealership corporate identity program, rolling out now, showcases shiny, all-enclosed service drives and an effort to almost literally break down the walls separating dealership operations.
Audi A3's fwd version to get more powerful engine, new transmissionTue, 25, Oct 2016
The entry-level Audi A3 compact sedan and convertible will get a new engine and transmission combo for the 2017 model year that offers more power and fuel efficiency than its predecessors.
Tesla's arguments in defense of direct sales are wrongMon, 24, Oct 2016
The arguments that Tesla uses to defend its retail strategy are wrong, writes analyst Maryann Keller in a guest opinion piece.
Bill Ford says future of cars is in Detroit, not Silicon ValleyTue, 25, Oct 2016
Bill Ford is tired of hearing the future of cars belongs to Silicon Valley. Yet for years, the Apple and Google crowd have been telling him that only Big Tech can make driverless vehicles.
Buick becomes first U.S. brand to crack top 3 reliability rankings by Consumer ReportsMon, 24, Oct 2016
Buick cracked into Consumer Reports' ranking of the top three most reliable brands -- a feat no American brand has accomplished since the organization began tracking brand performance in the early 1980s. Buick ranked No. 3 in the magazine's 2016 Annual Auto Reliability Survey. Lexus was the overall No. 1 brand with Toyota right behind it.
Reynolds invests in online used-car trade networkMon, 24, Oct 2016
Dealership software giant Reynolds and Reynolds has taken a minority, yet “significant” stake in the Appraisal Lane, a startup online used-car trade network.
Honda's Hachigo: Key models, electrification up nextMon, 24, Oct 2016
Hachigo's mantra is to prioritize quality and innovation over volume. He says Honda will unleash an onslaught of electrified vehicles and is preparing for new mobility businesses.