Dealers Tesla clears road for Rivian, others to sell EVs without dealers Michigan ruled that sale contracts Tesla signs with Michigan consumers will have to indicate that the transaction took place elsewhere. But customers won’t actually have to leave the state to complete the contracts. Michigan dealers are reviewing the settlement. Regulation & Safety Automakers, Trump face new pressure on mileage rules An influential Democratic senator said the administration’s latest draft plan for fuel economy and greenhouse gas standards for autos, which is now being reviewed by the White House, fails to deliver many of the benefits promised when it was initially proposed in 2018. Automakers & Suppliers Toyota credit outlook lowered by Moody’s on industry challenges The outlook was changed to negative from stable, Moody’s said as it affirmed its Aa3 rating for the company -- the fourth-highest level. The Japanese giant has held that rating since 2011. Automakers & Suppliers Ford expects $2.2 billion Q4 hit because of pension plans Ford said the "remeasurement loss" on pension and retirement liabilities is expected to reduce its quarterly net income by about $1.7 billion, although Ford said it will not impact its total adjusted earnings. Sales Porsche switching to quarterly U.S. sales reports The German automaker, following the Detroit 3, said monthly U.S. sales figures "rarely capture the overall picture of how our business is developing" and said results will be released on a quarterly basis starting in April. Dealers Tomorrow's consumers want a different dealership experience, survey shows A Cox Automotive study of 2,000 people found "trailblazer" consumers, who are most likely to embrace new technology and services, will be the new mainstream consumer by mid-decade. Regulation & Safety U.S. to review recommendation on Jeep complaint against Mahindra Mahindra said it has launched its model year 2020 Roxor with what it described as "significant styling changes" and said it would make additional changes if the ITC required it. China GM, Ford limit China travel to guard against deadly virus The automakers and other companies are restricting nonessential travel to Wuhan, the epicenter of the contagion that so far has killed nine people and seen cases spread across the region and even to the U.S. AM Newscast Ford expects $2.2B pension hit • GM, Ford limit China travel • Toyota recalls 361,000 • U.S. wait for Mazda Skyactiv-X? See all First Shift PM NEWSCAST Tesla's deal with Mich. • Trump praises 'genius' Musk • JLR to cut 500 jobs • Hyundai swings to profit See all PM Newscasts Special Video Report Why gently used vehicles may 'steal' new-car shoppers in 2020 U.S. dealers are expected to offset a predicted dip in new-vehicle sales by acquiring a fresh batch of technology-filled, low-mileage, off-lease light trucks for shoppers who can no longer afford the latest offerings from automakers. Access F&I Record-high subprime auto delinquencies on horizon, Cox says Ally's originations slip on used vehicles FTC cracks down on credit repair schemes More Access F&I stories » Get the F&I Report newsletter » Cars & Concepts U.S. may have to wait for Mazda's Skyactiv-X Redesigned GMC Yukon, Yukon XL gain space, tech in 2021 Genesis takes covers off first crossover, the GV80 Get the Cars & Concepts newsletter » Opinion New automotive ICE age is coming Ghosn's legacy in U.S. no model for running a business Steel's attack on aluminum is unmerited Get the Automotive Views newsletter » More Opinion stories » Best Practices Raised pickups help boost Mich. VW store Equity mining provides a boost in sales for Ind. store Sponsored Content Provided By Ally New ideas for used-car sales More Best Practices stories » Best Practice Tips Blogs Philadelphia dealer leaves lasting impression on auto finance Japan throws stones at Ghosn from glass house Changes to the Fair Debt Collection Practices Act could affect lenders Alfa Romeo could be Tavares' toughest turnaround More Blogs » Fixed Ops Journal NYC dealership's valet program attracts thousands of service customers N.J. dealers launch tech apprenticeships Teacher transforms shop class for future tech jobs Wisconsin warehouse complex is lifeline for dealerships More Fixed Ops Journal stories » Retail Michigan, Tesla settle suit over direct vehicle sales The settlement says Tesla may "operate under existing Michigan law; sell cars to Michigan customers as long as the sales contract indicates the sale took place in a state other than Michigan; and, indirectly own service and repair facilities in Michigan through a subsidiary." Tesla surges past $100 billion market value, passing VolkswagenTrump praises Musk, wants to protect 'genius' Dealers Delaware judge delays DealerSocket's acquisition of Auto/Mate The restraining order will be in place until a preliminary injunction hearing is held Feb. 11 before a judge in Delaware. Executives Trump praises Musk, wants to protect 'genius' President Trump, during a meeting with reporters on Wednesday, said this about Elon Musk: “I was worried about him, because he’s one of our great geniuses, and we have to protect our genius." Executives Maserati hires sales, marketing leaders Maserati tapped former Mitsubishi executive Bernard Loire as its new chief commercial officer, while Paolo Tubito, an ex-Nike executive, becomes its chief marketing officer. Manufacturing Jaguar Land Rover to cut jobs at UK factory About 500 jobs will be lost at JLR's plant in Halewood, England, which builds the Range Rover Evoque and Land Rover Discovery Sport. FCA-PSA Tie-Up Fiat Chrysler CEO hopes to seal PSA merger by early 2021 Mike Manley said he doesn't expect any major obstacles that could delay a final agreement with the Peugeot owner. Wall Street Tesla surges past $100 billion market value, passing Volkswagen At current market prices, Tesla’s market capitalization was roughly $107.2 billion, exceeding Volkswagen’s $99.4 billion and trailing only Toyota. Manufacturing Trump threatens tariffs on car imports from EU if no trade deal struck The president has previously threatened to place duties on European auto imports, with the intent of receiving better trade terms. He has delayed imposing the tariffs a number of times. Automakers & Suppliers Hyundai returns to profit as crossover sales boost margins The better-than-expected quarterly earnings indicate that measures by Hyundai Motor heir-apparent Euisun Chung to revamp the image of the automaker are beginning to pay off. Automakers & Suppliers Daimler warns 2019 profits to halve as problems deepen Expenses for ongoing governmental and court proceedings related to diesel vehicles are hitting earnings at the maker of Mercedes-Benz cars and vans. 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) Retail Technology (Tuesdays) 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) Shift Magazine (5x/year) 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. 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Cyber everywhere: Preparing for automotive safety in the face of cyber threats GM's Jeff Massimilla speaks about what the company is going to protect its operations, vehicles, and consumers from cyber threats, and how the industry is moving forward in its pursuit of cyber safety. On the brink: Tech execs see major transformation coming to auto retail Knowing where to invest marketing dollars and inventory sourcing are top pain points for dealers. Tech execs say the solutions are buried in their data. How consumer financing helps drive sales for online auto parts retailers Giving your customers more ways to pay for big-ticket purchases makes it possible for them to buy what they need, when they need it. Learn more about the Automotive News Content Studio >
