Flying taxi start-up hires designer behind modern Mini, Fiat 500

Lilium, a startup with ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind several iconic cars such as the Mini, Fiat 500 and McLaren P1.

UPDATED: April 24 9:48 CET - adds details, comments
PSA first-quarter revenue jumps 42% on Opel-Vauxhall acquisition

PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year.

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BLOG: James B. Treece
Will new tech help or hurt residuals?

GM President Dan Ammann thinks new technology doesn't have to hurt a vehicle's residual values, contrary to the generally accepted wisdom -- and here is why.

BLOG: Jackie Charniga
Poor grammar is a sales turnoff

First impressions matter when it comes to attracting online shoppers. Dealerships should ensure responses to potential customers are not only thoughtful and informative, but also grammatically correct.

BLOG: Hannah Lutz
Handicapping the CFPB's next chief

An American Financial Services Association leader identifies who he thinks may be on the short list to take charge of the Consumer Financial Protection Bureau.

BLOG: Hannah Lutz
Still putting off buying cyber insurance?

Will cyber liability insurance become more widespread among dealerships? Considering the number of security breaches across many industries today, it should.

BLOG: Jamie LaReau
Penske ponders the costs of F&I managers

Penske Automotive Group's used-only stores generate $300 to $400 more gross profit per vehicle than the group's franchised stores. One reason: no F&I managers.

BLOG: Hannah Lutz
Speak up!

Dealers, lenders and other industry players may finally have their shot at sharing their opinions with the CFPB.

BLOG: James B. Treece
Scrutiny continues

The CFPB may have been defanged, but dealerships' role in arranging loans is still being scrutinized. A report last week was a timely reminder.

BLOG: Hannah Lutz
Military members deserve fast resolution on lending

Dealers and lenders are facing significant challenges following the Department of Defense's latest interpretation of the Military Lending Act, but until the DOD clarifies the interpretation, an act that was designed to protect service members may actually be hurting them.

BLOG: Hannah Lutz
Plan now for a changing industry

Dealers who just a few months ago may have been reluctant to plan for the future could be shifting their perspectives as the pace of change quickens in auto retail.

BLOG: Hannah Lutz
Lenders need to stay diligent

This year was full of relatively positive, consistent auto finance trends. Next year will likely follow suit, but the upswing won't last forever.

BLOG: Hannah Lutz
Are leasing levels still too high?

Leasing levels have held steady in the past few quarters, but are they still dangerously high? AutoNation Inc. CEO Mike Jackson thinks so. Here's why.


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