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Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk’s California-based manufacturer of sporty electric cars.
On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million. Not a bad haul considering they paid almost $50 million for the stake back in May 2009 ... Continue reading "Why Daimler doesn't share investors' love affair with Tesla" » Oct 22, 2014 9:14 am U.S. ET Post Comment
Who knew that demographics could be so funny?
Jason Dorsey led a room of 100 or so car dealers through a keynote address on Generation Y during Automotive News’ Best Dealerships To Work For event last week in Chicago. It was a mixture of detailed demographics, data-driven insights -- and stand-up comedy.
It was so dynamic and thought-provoking that it has stuck wit ... Continue reading "Gen Y guru entertains, informs" » Oct 21, 2014 4:23 pm U.S. ET Post Comment
HELL, Mich. -- Many of the jurors who select the North American Car and Truck of the Year convened in this small town northwest of Ann Arbor last week to test drive the class of 2015.
There are 22 vehicles in contention.
The twisty, undulating roads to Hell, from Hell and around Hell are paved with good indentions. You can really wring out a chassis on the variety of sur ... Continue reading "Sizing up the field for 2015 Car, Truck of Year honors" » Oct 21, 2014 12:01 am U.S. ET Post Comment
It’s been just over two weeks since Fiat Chrysler Automobiles CEO Sergio Marchionne casually revealed that he might have to move Jeep Wrangler production out of its historic home in Toledo, Ohio.
In his comments, Marchionne said that it would be prohibitively expensive to build an aluminum Wrangler in Toledo, if that’s what Jeep decides to do with the 2017 red ... Continue reading "Why Wrangler’s Toledo decision may depend on keeping the money spigot flowing" » Oct 18, 2014 12:01 am U.S. ET Post Comment
Here’s why I love Automotive News’ annual special section and event to honor the Best Dealerships To Work For: We’re celebrating the good guys. These are the folks who give car dealers a good name.
These are dealers who treat their people well. Call me naive, but I honestly believe that employees who are treated well are more likely to treat their custom ... Continue reading "In praise of the Best Dealerships To Work For" » Oct 17, 2014 3:07 pm U.S. ET Post Comment
In recent years a number of non-German global brands including Cadillac, Lexus and Infiniti have challenged the solid grip that Audi, BMW and Mercedes-Benz maintain on China's luxury car market.
But until now, none of them has put any noticeable competitive pressure on the three leading brands, to say nothing about shaking their iron grasp on the market.
Now comes PSA/Pe ... Continue reading "Why Audi, BMW and Mercedes dominate China's luxury market" » Oct 17, 2014 8:25 am U.S. ET Post Comment
CHICAGO -- Hyundai’s no longer growing by leaps and bounds in the United States, in part because it’s only a bit player in the crossover boom.
“Mix is definitely a piece of it,” Hyundai Motor America CEO Dave Zuchowski said on the sidelines of Automotive News’ Best Dealerships To Work For event here. “We’re very short on all of ou ... Continue reading "Hyundai scrambles for more crossover turf" » Oct 16, 2014 2:45 pm U.S. ET Post Comment
CHICAGO -- Holy Toledo, what's it like to be a Jeep dealer in 2014?
Andy Shaver, president of the Shaver Group, just smiles when I ask. A smile that says: "Awesome and then some."
"It's really great," he says. "We were just talking about this and someone said Jeep is the strongest domestic brand right now."
Of course, this fourth generation dealer ... Continue reading "The joy of being a Jeep dealer in 2014" » Oct 15, 2014 3:35 pm U.S. ET Post Comment
What will auto finance look like in 2020? Chase Auto Finance exec Bill Jensen did some speculating last week at the Auto Finance Summit in Las Vegas.
One idea he proffered was that by 2020, auto loans would be “completely paperless” -- something the auto finance industry has tried but failed to do for a couple of decades.
Not only will loans be paperless, Jen ... Continue reading "Visions of a paper-free auto finance world" » Oct 15, 2014 12:01 am U.S. ET Post Comment
Perhaps you saw the news last week about an experimental engine under development at Volvo. It’s a 2.0-liter gasoline-powered four-cylinder that cranks out an amazing 450 horsepower.
At 225 horsepower per liter, it would be one of the most power-dense engines ever produced, if Volvo decides to build it.
How Volvo engineers boosted the output of the engine is ingeni ... Continue reading "Volvo's new engine: Turbocharger? Supercharger? What is this thing?" » Oct 14, 2014 12:01 am U.S. ET Post Comment
CHICAGO -- Near the end of vAuto’s Access: Velocity three-day conference here, vAuto founder Dale Pollak made a very personal appeal to the 170 hand-picked dealers present.
Please consider, Pollak said, signing up for call center services from a nonprofit in Orlando that employs blind and visually impaired people to handle calls for private companies.
Pollak, who l ... Continue reading "Why Dale Pollak recommends a call center that employs blind workers" » Oct 14, 2014 6:42 am U.S. ET Post Comment
BMW’s U.S. factory in Spartanburg, South Carolina, has altered so much since I visited it nearly 20 years ago that the only way I recognized it was because of the company logo.
The factory has changed from being a small plant building a niche roadster into the global production base for all BMW SUVs, apart from the German-built X1.
By the end of 2016, Spartanburg w ...