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Automotive Industry Newswire

Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants

Tue, 28 Jul 2015 21:00:00 EST

Nissan distanced itself from a controversial ad created by one of its Southern California dealerships that shows store managers whacking away at a Mexican piñata resembling Republican Party presidential candidate Donald Trump.

Honda readies more sporty, luxurious Civic

Tue, 28 Jul 2015 11:00:00 EST

With the official debut of Honda's redesigned Civic just a few months away, the latest spy shots show the 10th-generation model will come with luxury features normally reserved for fancy German sedans, not practical Japanese family cars.

Daimler in talks on truck partnership, Iran Khodro says

Tue, 28 Jul 2015 06:01:32 EST

Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said.

VW's MAN truck unit expects profit drop on restructuring costs

Tue, 28 Jul 2015 05:27:15 EST

Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales.

VW passes Toyota for global sales lead in first half

Tue, 28 Jul 2015 02:26:09 EST

Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.

Toyota goes to the street in latest campaign

Tue, 28 Jul 2015 00:01:00 EST

The spot features a group of street musicians jamming and rehearsing in an empty auditorium, conversing about Bob Dylan and how they've been mistaken as professional touring players.

Audi aims to raise flagging China sales with revamped A4

Mon, 27 Jul 2015 07:43:51 EST

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market.

Valeo raises profit forecast, shrugs off China slowdown

Mon, 27 Jul 2015 04:54:25 EST

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.

TrueCar works on relationships

Mon, 27 Jul 2015 00:01:00 EST

TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company.

As dealership sales climb, margins slide

Mon, 27 Jul 2015 00:01:00 EST

On the surface, second-quarter results from five publicly traded dealership groups last week were solid. But behind the gains lurked a disturbing trend: At all five, profit margins on new-vehicle sales fell.

Pickups are picking up premium price tags

Mon, 27 Jul 2015 00:01:00 EST

Last week, Ford introduced a Limited version of the F-150 that will start at about $60,000 and will likely top $70,000 when loaded with options. So what do you get when you max out other half-ton pickups sold in the U.S.

Here come the Kia crossovers

Mon, 27 Jul 2015 00:01:00 EST

Kia is gearing up for a run at the fast-growing subcompact crossover segment with a dedicated hybrid model, spy photos suggest. About the size of a Honda HR-V, the unnamed Kia is likely to share a platform with a Hyundai model.

Energy prices, flood waters are no match for Group 1

Mon, 27 Jul 2015 00:01:00 EST

From the outside, one might assume Houston's Group 1 would be hurting. But its adjusted net income jumped 20 percent to a second-quarter record of $47.9 million, as revenue climbed 8.6 percent to $2.73 billion.

Fiat working on Abarth variant of 124

Mon, 27 Jul 2015 00:01:00 EST

Fiat plans a high-performance version of the upcoming Fiat 124, Alfredo Altavilla, COO of Fiat Chrysler's Europe, Africa and Middle East region, told England's Auto Express in an interview.

Dealers

Mon, 27 Jul 2015 00:01:00 EST

Dealers featured this week include members of the Brasher family at Brasher Motor Co. (Buick-Chevrolet-GMC) in Weimar, Texas; Hilary Haron and Randy Haron of Haron Land Rover in Fresno, Calif.

Volvo, industry flex their CPO sales muscles

Mon, 27 Jul 2015 00:01:00 EST

At the half-year mark, industrywide sales of certified used vehicles stood at 1,275,411, up 13 percent compared with the same period last year. The industry sold 212,843 certified units in June, an 18 percent increase over June 2014.

Tomes' 10-foot rope a measure of success

Mon, 27 Jul 2015 00:01:00 EST

At Bob Tomes' Ford and Subaru stores in McKinney, Texas, any staffer who gets within 10 feet of a customer must greet them and ask them about their experience and whether they can help.

Cars add bling, value versions to fight crossovers

Sun, 26 Jul 2015 00:01:00 EST

As rising sales of crossovers continue to pull buyers away from middle-of-the-road sedans, automakers are scrambling to make their high-volume, mainstream cars a little less boring -- or at least more affordable.

Car haulers fight driver shortage

Sat, 25 Jul 2015 00:01:00 EST

Long wait times to pick up cars and paperwork contributes big-time to car-hauler driver job dissatisfaction. It is among the reasons the car hauling industry has a shortage of about 3,000 drivers.

Faurecia accelerates margin target as first-half earnings surge

Fri, 24 Jul 2015 04:47:23 EST

Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016.

PSA plans to export Iran-made cars after nuclear deal

Fri, 24 Jul 2015 00:01:00 EST

PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program.

FTC probes GM over possible CPO sales without recall fixes

Thu, 23 Jul 2015 18:03:19 EST

The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs.

Honda's freshened Accord gets new smartphone, safety tech for 2016

Thu, 23 Jul 2015 17:37:47 EST

Honda unveiled a midlife update for its midsize Accord, a lightly freshened model that will play nice with both Apple CarPlay and Android Auto. The 2016 Accord sedan and coupe will also offer the Honda Sensing suite of autonomous safety features.

Toyota delays decision to produce Lexus lineup in China

Thu, 23 Jul 2015 13:24:24 EST

Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan.

Group 1 makes terrific lemonade

Thu, 23 Jul 2015 13:03:23 EST

Don't feel sorry for Group 1 Automotive. They're doing just fine, thank you. More than fine, in fact.

Automakers should deploy mobile ads earlier in purchase cycle, Facebook study finds

Thu, 23 Jul 2015 09:00:00 EST

A Facebook study finds automakers need to reach potential buyers in the digital realm, particularly on mobile devices, earlier in the purchase cycle.

Group 1 profit up 20% on record revenue

Thu, 23 Jul 2015 07:45:00 EST

Group 1 Automotive reported strong second quarter earnings, thanks to rising vehicle sales and firm pricing in the U.S. and the United Kingdom, and improvements in its Brazilian division despite tough economic conditions in that country.

Japanese automaker group says China market in 'downward spiral'

Thu, 23 Jul 2015 06:34:46 EST

China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association.

VW, Metzler sell LeasePlan for 3.7 billion euros

Thu, 23 Jul 2015 03:42:05 EST

Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).

Lithia prepares for next acquisition

Wed, 22 Jul 2015 13:41:02 EST

Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months.

Google's self-driving cars, mishaps aside, are 'learning the road,' exec says

Wed, 22 Jul 2015 12:43:52 EST

The head of Google's self-driving car program said the company's test vehicles are very safe and noted recent accidents involving them were minor and actually the fault of other drivers, not Google technology.

Lithia's Q2 net jumps 34% on DCH purchase

Wed, 22 Jul 2015 09:19:10 EST

Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes.

Audi will replace its China chief amid sales decline

Wed, 22 Jul 2015 07:27:12 EST

Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market.

Asbury Q2 net rises 14% on broad revenue gains

Tue, 21 Jul 2015 10:59:52 EST

Asbury Automotive Group Inc.'s net income increased 14 percent in the second quarter to $41.1 million.

High-performance Cadillacs roar into Japan

Tue, 21 Jul 2015 07:23:48 EST

GM is introducing two high-performance V-Series Cadillac nameplates in Japan that outspoken presidential hopeful Donald Trump famously blasted as closed to Detroit automakers.

Fiat Chrysler and Guangzhou Auto plan joint venture for sales in China

Tue, 21 Jul 2015 04:41:27 EST

Fiat Chrysler and Guangzhou Automobile will create a joint venture to integrate sales and marketing for the Fiat, Chrysler and Jeep brands in China.

Faurecia explores sale of bumpers unit, report says

Tue, 21 Jul 2015 04:26:28 EST

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said

A funeral for a Nissan

Tue, 21 Jul 2015 00:01:00 EST

The latest viral video to top our list features mourning for an old friend.

Opel aims Astra at 'user-chooser' company car drivers to boost profit

Tue, 21 Jul 2015 00:01:00 EST

Opel will target its new Astra at so-called "user-chooser" company car drivers in a bid to lift sales of the key model as it seeks to return to profitability. Corporate sales are growing in the brand's German home market.

Bugatti names former Bentley, Ferrari exec as marketing boss

Tue, 21 Jul 2015 00:01:00 EST

Bugatti named Oliver Winkes as its new marketing chief. The VW Group veteran who started his career with Ferrari will be responsible for the supercar marque's marketing activities.

Private tracks best venue to test self-driving cars, key U.S. senator says

Mon, 20 Jul 2015 15:16:02 EST

Self-driving cars would be "better" tested on private test tracks than on public roads, said a U.S. senator who has authored several bills on advanced vehicle technologies, after Google disclosed injuries in its latest accident involving a prototype.

Sonic Automotive's Q2 net drops 45%

Mon, 20 Jul 2015 11:45:00 EST

Sonic Automotive's adjusted net income fell 45 percent in the second quarter, partly because of rising expenses related to the launch of the retailer's EchoPark standalone used-car stores, the company said today.

Renault mulls Iran launch for Kwid crossover

Mon, 20 Jul 2015 11:28:16 EST

Renault may sell its new Indian-built Kwid crossover in Iran in a bid to freshen its model lineup as it prepares to return to the market following a deal to lift economic sanctions.

Audi will give aid to China dealers, report says

Mon, 20 Jul 2015 05:19:46 EST

Audi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month.

Ad agency's viral-video goal: Surprise, create buzz

Mon, 20 Jul 2015 00:01:00 EST

Using the Car Lister auto-buying service is as easy as lifting the front wheels of a Ford Escape taxi off the ground. At least that's what the pranksters at ad agency Thinkmodo would like you to believe in a recent video.

Dealers

Mon, 20 Jul 2015 00:01:00 EST

Dealers featured this week include Walter Kienle, of Walter's Automotive in Riverside, Calif.; and Tracy Farmer, of Oxmoor Toyota in Louisville, Ky.

Dealers will pay up for vendors' data access after CDK switch

Mon, 20 Jul 2015 00:01:00 EST

CDK Global is copying the vendor-certification program of rival Reynolds and Reynolds, portending big monthly cost increases to dealers for data security.

BMW settles suit over demo vehicle warranties

Mon, 20 Jul 2015 00:01:00 EST

BMW of North America has settled a class-action suit on behalf of buyers of more than 104,000 dealership demo vehicles that were sold as new although the vehicles' four-year warranty periods had already begun.

Mixed results for minority dealer programs

Mon, 20 Jul 2015 00:01:00 EST

As Ford's Kevin Cour and other automaker executives updated NAMAD on the state of their minority dealer programs, it became increasingly clear that those programs vary widely in their scope and effectiveness.

Building a brand in the service department

Mon, 20 Jul 2015 00:01:00 EST

A few years ago, Adam Silverleib found his family's Honda store facing a problem no dealer wants to confront: Not one but two new Honda dealerships were going to open within 15 miles of his Raynham, Mass., location.