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Soros is ready to move on auto dealerships

3:40 pm U.S. ET | Jan. 26, 2015
Wall Street powerhouse Soros Fund Management is ready to move on a deal to acquire auto dealerships, a representative of the fund said at a private dinner Saturday in San Francisco, according to two sources who attended the event. Soros is prepared to invest as much as $1 billion on dealerships, one of the sources said.... Read More »

 

GM’s confirmed ignition deaths hit 50 as claims deadline nears

1:14 pm U.S. ET | Jan. 26, 2015
Confirmed deaths tied to General Motors' defective ignition switches stand at 50, four times GM’s estimate through much of 2014, as a deadline nears Saturday for sending in claims.... Read More »

 

TIM LEULIETTE, CEO, VISTEON CORP.

Visteon zeros in on 1 segment: The connected car

12:01 am U.S. ET | Jan. 26, 2015
With Visteon Corp.'s announcement last month that it would sell its division that produces heating, ventilation and air conditioning systems, the supplier is concentrating on one product segment: cockpit information systems.... Read More »

 

Volvo's revival plan 'starts now'

12:01 am U.S. ET | Jan. 26, 2015
After its U.S. market share fell to the lowest level since 1978, Volvo has put its global product strategy chief in charge of North America and significantly boosted its marketing budget in preparation for an upcoming blitz of new vehicles. Lex Kerssemakers, a 55-year-old native of the Netherlands, replaces Tony Nicolosi as CEO of Volvo Cars of North America after a 15-month period in which sales continued to fall.... Read More »

 

STEFAN SOMMER, CEO, ZF FRIEDRICHSHAFEN

With TRW, ZF can offer advanced driverless tech

12:01 am U.S. ET | Jan. 26, 2015
ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars.... Read More »

 

Land Rover has high conquest goals for new Discovery Sport

12:01 am U.S. ET | Jan. 26, 2015
With a more mainstream design, optional seven-seat configuration and improved technology, the new Discovery Sport compact SUV is expected to draw mostly new buyers to Land Rover, executives say.... Read More »

 

Stadler: Audi to build range-topping Q8 SUV

12:01 am U.S. ET | Jan. 26, 2015
Audi will launch a flagship SUV called the Q8 before the end of the decade, CEO Rupert Stadler said. The SUV will be aimed at markets such as the U.S., China and the Middle East.... Read More »

 

As the new year begins, Sonic goes shopping

12:01 am U.S. ET | Jan. 26, 2015
Sonic Automotive Inc. plans to buy more dealerships in 2015 than the four it bought last year.... Read More »

 

GM's got no beef with suppliers' dough

12:01 am U.S. ET | Jan. 26, 2015
If Fiat Chrysler CEO Sergio Marchionne is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' new head of purchasing.... Read More »

 

Tom Kowaleski, attention-grabber

12:01 am U.S. ET | Jan. 26, 2015
Tom Kowaleski, the former Chrysler, General Motors, BMW and Lincoln public relations executive who died suddenly last week at age 63, always knew how to tease a product story.... Read More »

 

Acura boss: What would Taco Bell do?

12:01 am U.S. ET | Jan. 26, 2015
Acura boss Mike Accavitti let a case of the Mexican munchies get the better of him when he conceded Taco Bell was a source of marketing inspiration for his luxury auto marque.... Read More »

 

THE CAT COMES BACK

Jaguar expects record rewards from huge investments in products and plants

12:01 am U.S. ET | Jan. 26, 2015
Jaguar appears poised to have a record 2015 and to keep increasing global sales to well more than 200,000 this decade as a massive investment in products, plants and underpinnings starts to pay dividends, executives and analysts say.... Read More »

 

ZF chief: TRW to keep its own identity -- for now

12:01 am U.S. ET | Jan. 26, 2015
TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG.... Read More »

 

FCA US touts volunteer program for its dealers

12:01 am U.S. ET | Jan. 26, 2015
FCA US is expanding its in-house volunteer program to dealers nationwide to provide a way for dealerships to increase community involvement.... Read More »

 

TrueCar: App can 'hypertarget' consumers

12:01 am U.S. ET | Jan. 26, 2015
Online car-buying service TrueCar Inc. said the mobile app it will release this year will enable dealers and automakers to collect an unprecedented amount of information on customers.... Read More »

 

Claims against GM over ignitions pass 2,800

12:01 am U.S. ET | Jan. 26, 2015
General Motors has received 108 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,818, according to the official administering the compensation program.... Read More »

 

GM eager to squeeze more out of BDCs

11:00 am U.S. ET | Jan. 25, 2015
GM is using the Year of the Recall to reinforce the importance of operating a business development center, on both the sales and service sides of the dealership.... Read More »

 

Social isn't selling cars, Acura chief says

12:01 am U.S. ET | Jan. 25, 2015
The promise of social media helping dealers to sell cars has yet to be realized, says Mike Accavitti, Acura division general manager.... Read More »

 

Hyundai's ready for cars coming off lease

12:01 am U.S. ET | Jan. 25, 2015
Hyundai Motor America, despite concerns from some analysts, is ready to handle a wave of vehicles coming off lease, CEO Dave Zuchowski promises. The industry is in the early stages of a steep increase in the volume of off-lease vehicles hitting auctions and used-car lots, a result of the near-evaporation of leasing during the recession and its strong rebound this decade.... Read More »

 

George Soros' Wall Street fund shops for dealership groups

10:30 pm U.S. ET | Jan. 24, 2015
Wall Street fund Soros Fund Management wants to partner in, invest in or outright buy a large auto dealership group, according to four sources familiar with the situation. Two representatives of Soros Fund Management are at the NADA convention in San Francisco this weekend to research the industry and explore opportunities, sources say.... Read More »

 

Volvo dealers embrace U.S. management shift

5:00 pm U.S. ET | Jan. 24, 2015
Dealers applaud the recent management change at Volvo Cars of North America and said having a senior executive from the home office in Sweden at the helm assures quick responses on all issues -- including product and retail support -- and signals a real commitment to the U.S. market.... Read More »

 

Buick, GMC, riding truck wave, aim for more share gain

8:00 pm U.S. ET | Jan. 24, 2015
Buick and GMC are out to gain U.S. market share again this year by riding momentum in truck and crossover sales.... Read More »

 

VW dealers welcome profit-focused message

2:00 pm U.S. ET | Jan. 24, 2015
Volkswagen of America executives told dealers to expect a small uptick in U.S. sales this year as they await the early 2017 arrival of two North America-built crossovers and the promise of larger sales growth to follow.... Read More »

 

Q&A

Subaru urges dealers to invest in stores

5:37 pm U.S. ET | Jan. 24, 2015
With record U.S. sales for seven years in a row, Subaru has become an enviable brand. It is now urging dealers to invest in their stores and expand service facilities. Tom Doll, president of Subaru of America, spoke here with Staff Reporter Diana T. Kurylko.... Read More »

 

Chevy banks on new models to end stretch of U.S. share loss

2:15 pm U.S. ET | Jan. 24, 2015
Chevrolet this year expects to snap its string of three straight years of US market share declines by capitalizing on its revitalized truck lineup, as the brand moves to put its safety-recall problems behind it.... Read More »

 

 
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Ryan Hunter-Reay races to Indy 500 winner’s circle

Ryan Hunter-Reay races to Indy 500 winner’s circle

BorgWarner’s video montage highlighting 2014 Indianapolis 500 winner Ryan Hunter-Reay. Thu., January 15
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