Executives AutoNation picks auto industry outsider to replace Jackson as CEO The largest U.S. dealership group selected Carl Liebert -- a financial services executive who has worked for some of America’s best-known retail brands -- to replace longtime CEO Mike Jackson, who will become executive chairman. Mobility Daimler, BMW will invest $1.13 billion in mobility JV to rival Uber Daimler and BMW unveiled a mobility JV that will invest $1.13 billion in ride-hailing, parking, EV charging and short-term rental services to rival Uber and other tech companies. Regulation & Safety Ford investigating possible problems with fuel economy, emissions tests Ford has been investigating concerns raised by employees that incorrect calculations were used to translate test results into the mileage and emissions data submitted to regulators, a spokeswoman said. Retail Subaru reaches top of Consumer Reports' rankings; Tesla falters In an annual reliability scorecard, Subaru narrowly topped last year's winner, Genesis, and Tesla's Model 3 failed to win a "recommended" rating as the brand tumbled. Politics EU could clinch trade deal with U.S. this year, commissioner says EU Trade Commissioner Cecilia Malmstrom said a final agreement with the U.S. could be reached before the European Commission’s term ends on Oct. 31. Carlos Ghosn Scandal Renault-Nissan probe examines Ghosn's lavish Copacabana trip, report says A joint probe by Renault-Nissan is investigating a vacation that allowed eight couples to enjoy parades and parties at Rio de Janeiro’s carnival and cost the alliance $260,000, Bloomberg reported. Marketing Honda Passport will get TV push during Oscars, sporting events Honda has put together a full marketing itinerary for its recently launched Passport crossover. Suppliers Magna posts record Q4 revenue, but profits and margins decline The Canadian auto supplier posted gains across many of its business lines, but margins dropped as the company continued to ramp up initiatives in areas such as electric and self-driving vehicles. AM Newscast AutoNation’s next CEO • Ford probes test procedures • BMW-Daimler mobility deal • Long wait for Tesla refunds See all First Shift PM NEWSCAST Subaru soars in reliability • Aston teases 3rd hypercar • Praising Tesla, 'cult' or not • Kia rocks with K-pop See all PM Newscasts Opinion Dealers need to be ready for anything Elaine Chao: A speedier path for innovation More Opinion stories » FIXED OPS JOURNAL Other industries raid dealerships for talented shop veterans Ex-tech says he left auto retail for more control, less politics Virginia dealership group trains nonviolent inmates to become its service techs Most dealerships still fumble sales-to-service handoff More Fixed Ops Journal stories » BLOGS Is Honda's U.K. plant closure the beginning of a Japanese Brexit? Tesla introduces 'Dog Mode' to keep pets cool inside the car A GM investment in Rivian would send the wrong messages Will Jaguar replace XE, XF sedans with a single EV? More Blogs » Cars & Concepts Bentley revs up Bentayga with Speed variant Mazda's Moro: New crossovers could give U.S. sales big boost Will Jaguar replace XE, XF sedans with a single EV? Could Harley-Davidson end up on all fours? More Cars & Concepts stories » Access F&I Auto lenders take varied approaches to technology investments How to break the F&I stereotype Training strength lies in the details Ally's core business is driving optimism More Access F&I stories » Best Practices Fla. store puts service parts near its techs At Niello Buy Center, it pays to buy only Dealership group teaches life skills Sponsored Content Provided By Ally VIDEO: Take action to create a welcoming workplace More Best Practices stories » This Week's Issue Can car companies ever win on Wall Street? For many small family dealers, it's ‘grow or go' Growing backlash against stair-steps GMC Acadia gets styling, powertrain updates More stories from this week's issue » Suppliers Visteon Q4 net income rose 72%, shares climb upward Despite industry headwinds, Visteon posted $43 million in fourth-quarter net income and forecast continued strong results for 2019. Finance & Insurance Auto origination bump in Q3 of 2018 smaller than expected Auto originations grew half a percent year-over-year, substantially below TransUnion's initial origination forecast of 5.5 percent growth. Emissions White House confirms it ended California talks on emissions The Trump administration has ended talks with California over federal plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, the White House said in a statement on Thursday. Suppliers Delphi reports $135 million in Q4 net income; shares surge 19% Delphi Technologies, the former powertrain unit of Delphi Automotive, reported a surge in fourth-quarter net income, aided by a tax gain, even as revenue dropped. Labor Dispute Canada's Unifor faces Catch-22 in fight with GM Unifor President Jerry Dias concedes there is mixed support for a general walkout among unionized workers at GM's Oshawa, Ont., plant. Some workers fear shutting down GM Canada would hurt them much more than the automaker. Earnings Is Tesla a cult? Sonic's Dyke wonders as BMW takes hit One of the largest U.S. auto dealers just had a rough quarter selling BMWs, and a top executive said Tesla played a major role. Carlos Ghosn Scandal Nissan downgraded on weak profit outlook after Ghosn arrest Nissan's credit rating was lowered for the first time in a decade by S&P to A- from A. The outlook on the long-term debt score is stable, the rating firm said. Politics Diess warns U.S. tariffs could cost VW up to $2.8 billion, report says President Trump has said he will impose tariffs on cars imported from the European Union if U.S. talks with the bloc do not yield a new trade deal. The move could cost VW up to $2.8 billion. Regulation & Safety Nine crossovers score high in new IIHS pedestrian avoidance test The institute will include pedestrian crash prevention ratings as part of the criteria for the 2020 Top Safety Pick awards. Mobility Report Lyft plans to file for IPO next week, reports say Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, Reuters reported. Sources told Reuters the plans were still subject to change and market conditions. Load More Digital Edition THIS WEEK'S EDITION See our archive Fixed Ops Journal Read the issue See our archive Sign up for free newsletters Daily Summary (weekdays) Weekly Summary (Mondays) Breaking News Alerts (as needed) In Case You Missed It (Fridays) Automotive Views (Tuesdays) AM Newscast (weekdays) PM Newscast (weekdays) Weekend Drive (Saturdays) Special Video Reports (occasionally) F&I Report (Wednesdays) Mobility Report (Thursdays) Lead the Way (monthly) Industry Events Coverage (during major events) Fixed Ops Journal (bimonthly) U.S. Sales Report (monthly) Cars & Concepts (Tuesdays) Yes, I'd like to receive information and special offers about Automotive News subscriptions. Yes, I'd like to receive valuable information about special editorial content, new features and research from Automotive News. Yes, I'd like to stay informed about upcoming Automotive News events and conferences. Yes, I'd like to stay informed about upcoming Automotive News online events and webinars. Yes, I'd like to receive information and whitepapers from select third-party partners of Automotive News. EMAIL ADDRESS Please enter a valid email address. Please enter your email address. Please select at least one newsletter to subscribe. You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy. Automotive News Jobs Board VIEW ALL AUTOMOTIVE JOBS POST A JOB
