Retail

Lexus tops BMW in U.S. registrations; 2015 luxury title in dispute

2:32 pm U.S. ET | Feb. 12, 2016

Not so fast on BMW winning the 2015 U.S. luxury crown over Lexus and Mercedes. According to manufacturer-reported sales released last month, BMW won. But Polk said today that Lexus was tops in U.S. vehicle registrations last year with 340,392 vs. BMW's 335,259....
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VINCE BOND JR.

BLOG: How Derek Zoolander raided FCA's Twitter feed

3:19 pm U.S. ET | Feb. 12, 2016

Derek Zoolander is making history today in his own flamboyant way. The arrogant supermodel, played by actor Ben Stiller in the Zoolander franchise, has “taken over” Fiat USA's Twitter account -- the first time any Fiat Chrysler brand has let a celebrity do so....
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Panasonic starts China battery venture, develops new welding tech

11:54 am U.S. ET | Feb. 12, 2016

Panasonic, the Japanese electronics giant revamping itself as an automotive supplier, has taken two more steps in that direction by establishing a new battery venture in China and developing a new technology for laser welding....
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VW Group sales return to growth in January despite diesel scandal

Feb. 12, 2016 14:34 CET

VW Group sales returned to growth in January despite the company's diesel emissions scandal, thanks to demand in China where VW brand posted its best month ever....
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Renault vows to sustain AvtoVAZ after record loss

Feb. 12, 2016 11:46 CET

Renault pledged to support AvtoVAZ, which warned it may not survive without help from shareholders after the collapse of the domestic car market pushed it into a record $930 million loss....
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Google's self-driving car project expands hiring, posts manufacturing jobs

Feb. 12, 2016 11:14 CET

Google's self-driving car project is advertising jobs on its website with a special focus on manufacturing expertise. The company is looking for engineers, as well as managers to lead operations, materials and marketing....
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Penske Automotive says earnings improved 4.5% in Q4; stock rises

11:35 am U.S. ET | Feb. 11, 2016

Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2.6 percent to $71.3 million....
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Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line

7:30 am U.S. ET | Feb. 11, 2016

Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's new sales boss predicts continued growth after record 2015

Feb. 11, 2016 06:01 CET

Porsche easily surpassed its goal of 200,000 annual global sales last year and can now look forward to another year of worldwide growth, Detlev von Platen, the brand's new sales boss, told Automotive News Europe....
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Faurecia raises dividend after sales, margins climb

Feb. 11, 2016 11:24 CET

French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent....
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NICK GIBBS

BLOG: Ford can boost Europe profits by adding upscale Vignale SUVs

12:01 am U.S. ET | Feb. 11, 2016

Ford of Europe isn't saying which models will next get its upscale Vignale trimline but the brand's two largest SUVs are the top candidates as the automaker plans to expand its Vignale variants to at least five by 2017 from just two now....
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BMW drops to 3rd place in global luxury sales race during January

6:30 am U.S. ET | Feb. 10, 2016

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year....
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BMW drops to third place in luxury sales race during January

Feb. 10, 2016 11:56 CET

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes moved closer to a goal of unseating its rival this year....
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Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting....
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GM awards more business to ad agency Commonwealth

10:24 am U.S. ET | Feb. 9, 2016

Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett....
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Google's autonomous tech can be considered driver under federal law, NHTSA says

8:12 pm U.S. ET | Feb. 9, 2016

U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads....
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GM mobilizes to build more small pickups

3:44 pm U.S. ET | Feb. 9, 2016

General Motors will increase production of the Chevrolet Colorado midsize pickup, which has been in tight supply since its debut 18 months ago, a company executive said today....
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Mercedes is not chasing luxury sales lead at any price, Zetsche says

Feb. 9, 2016 11:29 CET

Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand....
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Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said....
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VINCE BOND JR.

BLOG: Hyundai's Super Bowl blitz scored big

4:00 pm U.S. ET | Feb. 8, 2016

Hyundai wanted to make a splash in its first Super Bowl as the NFL's automotive sponsor, but it didn't just throw money around with reckless abandon....
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The inventory is too low? Oh, the irony

12:01 am U.S. ET | Feb. 8, 2016

Wall Street analysts tend to keep a wary eye on automakers' vehicle inventory. If it creeps up, it can be a sign that profit-eroding incentives are coming to help move the metal. So it felt like opposite day last week when an analyst asked General Motors executives during the company's fourth-quarter conference call whether they were concerned that inventories were running too lean....
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VW dealership valuations slide; some smell opportunity

12:01 am U.S. ET | Feb. 8, 2016

Volkswagen's diesel scandal has dinged the company's sales, profits and image. Now, as the scandal enters its sixth month with few signs of a resolution, the effects are trickling down to the value of its U.S. dealerships....
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Automakers opt for less TV time during Super Bowl

10:39 am U.S. ET | Feb. 8, 2016

The Super Bowl was a little less sleek, sporty and horsepowered this year. The portion of advertising time devoted to promoting cars and trucks during the pro football championship game -- TV's most-watched event -- was at the lowest level since 2010....
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Cash for Nissan's preferred dealers

12:01 am U.S. ET | Feb. 8, 2016

In its drive to grab a larger slice of the U.S. market, Nissan North America is quietly forming alliances with selected dealers who get favorable treatment, and sometimes millions of dollars, from the company. Nissan says strengthening its retail networks is critical to its growth plans....
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Russian new-car sales continue steep decline in January

Feb. 8, 2016 15:45 CET

Russian new-car sales plunged 29 percent last month, extending a collapse from 2015 that is forcing the government to spend billions of rubles more to support the ailing auto industry....
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