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      Jaguar Redo, Part IV
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      Chip Shortage
      Jaguar is about to undergo its fourth reinvention in five decades as owner Tata Group takes a second crack at shaking up a brand whose glorious past has rarely translated into a profitable present or sustainable future.
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Manufacturing

Volvo to be electric-only brand by 2030; EVs will be sold exclusively online

Volvo aims to be an electric-only brand in less than a decade and plans to sell all its EVs exclusively via its online store. When asked what this means to Volvo's global retail network, Lex Kerssemakers, head of global commercial operations, said no closures are planned.
HYUNDAI DEALER FLORIDA
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February U.S. Sales
Hyundai, Kia post lower Feb. volume
U.S. light-vehicle sales fell nearly 10 percent at Hyundai and Kia in February, in line with forecasts for what is expected to be a weaker month with fewer selling days as the industry slowly recovers from the pandemic. Volume surged 51 percent at Genesis.
U.S. Capitol
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Regulation & Safety
Auto industry groups back legislation to incentivize clean-energy manufacturing
The American Jobs in Energy Manufacturing Act would incentivize manufacturers to retool, expand or build facilities to produce clean-energy parts or technologies such as electric vehicles, batteries and memory chips.
Five Star Ford Stone Mountain dealership near Atlanta
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Dealers
Five Star Automotive buys 5 Ind. stores, expands into Midwest
The Five Star Automotive Group, based in Atlanta, has purchased five Mike Raisor Automotive Group dealerships in Lafayette, Ind. The expansion includes two new brands for the group.
19C0739_008 (2).jpg
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Regulation & Safety
Mercedes misses fuel economy targets in U.S., China
Daimler's decision to prioritize Europe for Mercedes EVs led to the automaker failing to achieve fuel economy targets in the two key markets.
UAW Scandal
FCA pleads guilty to violating U.S. labor law amid UAW scandal
The automaker will pay a $30 million fine and accept an independent compliance monitor for three years.
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Dealers
Dealer profits surge 48% to record in a ‘unique' 2020
The 2020 figure blew by the industry's previous profit record for the average store, recorded in 2015.
Daily Drive Podcast
How Polestar plans to charge up its U.S. retail network

Polestar USA chief Gregor Hembrough talks about the Swedish EV startup's retail expansion strategy, being a ''digital-forward'' brand and bringing Polestar 2 variants to the market.

Industry 4.0
In this issue of Shift: We look at how the industry is riding the digital revolution in making and moving goods.
  • Digitization takes hold
  • Modernizing how EVs are built
  • Big rigs on self-driving path
  • Logistics reimagined with Lidar
  • The main dish on the AV menu
  • More
  • Turn the pages of our digital edition
Tesla's Shanghai plant
Automakers & Suppliers
India woos Tesla with offer of cheaper production costs than China
India is ready to offer incentives to ensure Tesla Inc.'s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the South Asian country, Reuters reported.
Hertz car rental lot
Used Cars
Hertz to sell to Knighthead, Certares in plan to exit bankruptcy
The bid is backed by a travel industry-focused investment fund that Knighthead and Certares created last year to take advantage of an expected rebound in companies that were disrupted by the COVID-19 pandemic.
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Cars & Concepts
Infiniti scraps Formula 1-inspired high-performance hybrid coupe
Project Black S, based on the Q60 coupe, debuted as a running prototype at the 2018 Paris auto show to showcase technologies developed in collaboration with the Renault Sport Formula One racing team.
Toyota.Badge_.jpg
Automakers & Suppliers
Toyota to raise $4.7 billion in bond sales to fund futuristic hub in Japan
Toyota said proceeds from the sale of “Woven Planet Bonds” will be used for projects such as the development of zero emission and assisted mobility vehicles, and increased use of renewable energy.
AM Newscast
Volvo's online-only retail strategy

     • Hyundai, Kia U.S. sales dip

     • Five Star buying 5 stores 

     • Carvana's growth strategy

See all First Shift
PM NEWSCAST AutoNews Now
NHTSA launches RAV4 probe

     • FCA pleads guilty in UAW case

     • Fisker's 'feel-good vehicle'

     • VW mulls electric convertible

See all PM Newscasts
Special Video Report
Back to basics: How a Texas group is cutting costs, saving millions

Renegotiating with vendors. Trimming advertising dollars. And cancelling cable TV. Those are some of the cost-cutting strategies Bert Ogden Auto Group is using to help conserve cash amid the pandemic. Along with monthly savings of hundreds of thousands of dollars, the 18-store dealership group in south Texas has also tightened its sales deadlines and set daily limits for spending.

Shift: A podcast about mobility
Plus co-founder Shawn Kerrigan: Trucks ride a ‘continuum’ toward self-driving future (Episode 86)

Shawn Kerrigan, chief operating officer and co-founder at trucking-tech company Plus, says his company will commercialize an advanced driver-assist system for trucks this year, and that’s a starting point on an evolution toward fully autonomous big rigs.

Opinion
Jamie Butters
EV plans and some damn lies
What dealers can do if D.C. power shift affects recalls
Are we in the midst of a fourth industrial revolution?
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Cars & Concepts
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Jeep to slot new model below Renegade, sources say
Honda continues electric push in Europe with HR-V hybrid
Kia Carnival crosses minivan with SUV style
Mercedes recasts C-Class as sportier S-Class
Access F&I
Enforcement likely from new CFPB administration
Digital retailing, tight inventory boost publics' Q4 F&I profits
Auto captives offer payment help for Texas storm victims
Federal credit reporting agency unlikely, AFSA says
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Jackie Charniga
Federal credit reporting agency unlikely, AFSA says
Gerry McGovern is right man to steer Jaguar reinvention
How the pandemic has changed the way car shoppers communicate
With new president comes ‘significant' F&I scrutiny
Takeaways from a virtual NADA Show
Best Practices
Acura Columbus owner John Connelly said having a virtual sales manager gives staff flexibility.
For Ohio dealer, virtual sales manager is the real deal
Rapid Recon helps dealers streamline used-car reconditioning
Academy helps Germain retain employees
Taking initiative to fill service need
Sponsored Content Provided By Ally
Navigating the future of automotive retailing »
Best Practice Tips
Shift Mobility Report
Fisker's next wave: A premium people's car
Bidirectional EVs could lend a hand in power crisis
Are we in the midst of a fourth industrial revolution?
Toyota banks on plug-ins as rivals push BEVs
Here are the mileage ranges of the top EVs
Fixed Ops Journal
Dealerships can boost key fixed absorption metric to survive and thrive
Optimism for the future despite crisis, change
Need service advisers? Fix job title
Service kiosks made for contactless world
Service counter: Service pick-me-up
Hertz car rental lot
Used Cars
Hertz to sell to Knighthead, Certares in plan to exit bankruptcy

The bid is backed by a travel industry-focused investment fund that Knighthead and Certares created last year to take advantage of an expected rebound in companies that were disrupted by the COVID-19 pandemic.

Tesla's Shanghai plant
Automakers & Suppliers
India woos Tesla with offer of cheaper production costs than China

India is ready to offer incentives to ensure Tesla Inc.'s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the South Asian country, Reuters reported.

Nio is beginning to see deliveries take off.
Automakers & Suppliers
Nio expects Q1 deliveries between 20,000 and 20,500 vehicles

As of January, Nio had delivered 82,866 electric cars in China since its first model came to market in June 2018. Its high-end utility vehicles have proven a hit with wealthy consumers, helping to push Nio’s gross margin to 17.2 percent in the December quarter.

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Cars & Concepts
Infiniti scraps Formula 1-inspired high-performance hybrid coupe

Project Black S, based on the Q60 coupe, debuted as a running prototype at the 2018 Paris auto show to showcase technologies developed in collaboration with the Renault Sport Formula One racing team.

HYUNDAI DEALER FLORIDA
Subscription Required
February U.S. Sales
Hyundai, Kia post lower Feb. volume

U.S. light-vehicle sales fell nearly 10 percent at Hyundai and Kia in February, in line with forecasts for what is expected to be a weaker month with fewer selling days as the industry slowly recovers from the pandemic. Volume surged 51 percent at Genesis.

Toyota.Badge_.jpg
Automakers & Suppliers
Toyota to raise $4.7 billion in bond sales to fund futuristic hub in Japan

Toyota said proceeds from the sale of “Woven Planet Bonds” will be used for projects such as the development of zero emission and assisted mobility vehicles, and increased use of renewable energy.

19C0739_008 (2).jpg
Subscription Required
Regulation & Safety
Mercedes misses fuel economy targets in U.S., China

Daimler's decision to prioritize Europe for Mercedes EVs led to the automaker failing to achieve fuel economy targets in the two key markets.

Volvo XC40 Recharge 900x540.jpg
Subscription Required
Manufacturing
Volvo to be electric-only brand by 2030; EVs will be sold exclusively online

Volvo aims to be an electric-only brand in less than a decade and plans to sell all its EVs exclusively via its online store. When asked what this means to Volvo's global retail network, Lex Kerssemakers, head of global commercial operations, said no closures are planned.

Five Star Ford Stone Mountain dealership near Atlanta
Subscription Required
Dealers
Five Star Automotive buys 5 Ind. stores, expands into Midwest

The Five Star Automotive Group, based in Atlanta, has purchased five Mike Raisor Automotive Group dealerships in Lafayette, Ind. The expansion includes two new brands for the group.

Lithium concentrate at a Sociedad Química y Minera de Chile mine on the Atacama salt flat in the Atacama Desert, Chile
Regulation & Safety
Need for mines to power EVs could create political quandary for Biden

President Joe Biden's vow to set aside at least 30 percent of U.S. federal land and coastal areas for conservation could clash with his promises to environmentalists and labor unions to support electric-vehicle output.

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Digital Edition
Automotive News 3-1-21
THIS WEEK'S EDITION
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Shift Magazine
Shift Magazine 3-1-21
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Fixed Ops Journal
Fixed Ops Journal 2-8-21
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2021 Talent Study

A focus on virtual F&IA special report exploring whether automotive companies are considering freelance talent strategies to win the war for talent.

READ THE REPORT
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VIDEO: Cars.com CEO talks state of the industry, dealer innovation

Alex Vetter discusses how personal mobility is better positioned for growth than ever before. He also shares insights into where he sees the retail landscape heading, including the adoption of digital-first solutions.

VIDEO: DealerPolicy Chief Product Officer talks insurance marketplace solutions

Mike Burgiss shares insights into DealerPolicy’s recently released “Automotive Retail & Auto Insurance Trends for 2021” report. He also discusses the evolving consumer path to purchase, including the adoption of new digital auto insurance tools.

5 Steps to modernizing the buyer's journey

Dealership expert offers a millennial-ready, Gen-z-friendly plan for future-prooding your dealership's sales process.

PODCAST: Educating consumers during the online buying experience

How is the online buying experience different for car shoppers, versus coming into a dealership? How can a dealership be most effective educating its online customers about their F&I choices? Listen now to hear some tips and best practices from Ally's David Spencer.

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