Retail

Why Musk's new directive at Tesla has become 'cash is king'

12:01 am U.S. ET | Feb. 14, 2016

Facing a flood of red ink from the slower-than-planned rollout of the Model X crossover, Tesla signaled that a new era of cash-flow consciousness is underway.... Read More »

50 YEARS OF RACING

The power of Roger Penske

12:01 am U.S. ET | Feb. 14, 2016

Fifty years ago, Roger Penske launched one of his many careers - that of a race team owner. With characteristic stoicism, The Captain has no regrets about the momentous decision to forsake his own driving career for a life managing other drivers and running a business empire.... Read More »

Lexus tops BMW in U.S. registrations; 2015 luxury title in dispute

2:32 pm U.S. ET | Feb. 12, 2016

Not so fast on BMW winning the 2015 U.S. luxury crown over Lexus and Mercedes. According to manufacturer-reported sales released last month, BMW won. But Polk said today that Lexus was tops in U.S. vehicle registrations last year with 340,392 vs. BMW's 335,259.... Read More »

VINCE BOND JR.

BLOG: How Derek Zoolander raided FCA's Twitter feed

3:19 pm U.S. ET | Feb. 12, 2016

Derek Zoolander is making history today in his own flamboyant way. The arrogant supermodel, played by actor Ben Stiller in the Zoolander franchise, has “taken over” Fiat USA's Twitter account -- the first time any Fiat Chrysler brand has let a celebrity do so.... Read More »

Panasonic starts China battery venture, develops new welding tech

11:54 am U.S. ET | Feb. 12, 2016

Panasonic, the Japanese electronics giant revamping itself as an automotive supplier, has taken two more steps in that direction by establishing a new battery venture in China and developing a new technology for laser welding.... Read More »

VW Group sales return to growth in January despite diesel scandal

Feb. 12, 2016 14:34 CET

VW Group sales returned to growth in January despite the company's diesel emissions scandal, thanks to demand in China where VW brand posted its best month ever.... Read More »

Renault vows to sustain AvtoVAZ after record loss

Feb. 12, 2016 11:46 CET

Renault pledged to support AvtoVAZ, which warned it may not survive without help from shareholders after the collapse of the domestic car market pushed it into a record $930 million loss.... Read More »

Google's self-driving car project expands hiring, posts manufacturing jobs

Feb. 12, 2016 11:14 CET

Google's self-driving car project is advertising jobs on its website with a special focus on manufacturing expertise. The company is looking for engineers, as well as managers to lead operations, materials and marketing.... Read More »

Penske Automotive says earnings improved 4.5% in Q4; stock rises

11:35 am U.S. ET | Feb. 11, 2016

Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2.6 percent to $71.3 million.... Read More »

Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line

7:30 am U.S. ET | Feb. 11, 2016

Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles.... Read More »

VIDEO: A Q&A with Richfield Bloomington Honda’s Tim Carter

12:01 am U.S. ET | Feb. 11, 2016

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Q&A with Richfield Bloomington Honda's Tim Carter

Heated floors and more: Designing a store around service

11:00 am U.S. ET | Feb. 11, 2016

Richfield Bloomington Honda General Manager Tim Carter and his employees helped design a new, three-story dealership next door to their current store in suburban Minneapolis. Carter discussed the new dealership and its focus on service business with Automotive News TV Editor Tom Worobec.... Read More »

VIDEO: High on service: Inside the towering Richfield Bloomington Honda

12:01 am U.S. ET | Feb. 11, 2016

General Manager Tim Carter needed more room to repair cars. So he and his crew mapped out what they needed in a new dealership. Despite space constraints, the number of service bays and floors soared at Richfield Bloomington Honda in suburban Minneapolis – a store where efficiency reigns and high-end touches benefit employees and customers.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's new sales boss predicts continued growth after record 2015

Feb. 11, 2016 06:01 CET

Porsche easily surpassed its goal of 200,000 annual global sales last year and can now look forward to another year of worldwide growth, Detlev von Platen, the brand's new sales boss, told Automotive News Europe.... Read More »

Faurecia raises dividend after sales, margins climb

Feb. 11, 2016 11:24 CET

French supplier Faurecia today reported an increase in its operating margin for the second half of 2015 to 4.8 percent and raised its dividend for the year by 86 percent.... Read More »

NICK GIBBS

BLOG: Ford can boost Europe profits by adding upscale Vignale SUVs

12:01 am U.S. ET | Feb. 11, 2016

Ford of Europe isn't saying which models will next get its upscale Vignale trimline but the brand's two largest SUVs are the top candidates as the automaker plans to expand its Vignale variants to at least five by 2017 from just two now.... Read More »

About 1 in 5 U.S. vehicles has open safety recall, Carfax says

4:21 pm U.S. ET | Feb. 10, 2016

Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax.... Read More »

HANNAH LUTZ

BLOG: When a client dies, lender can make or break trust

11:00 am U.S. ET | Feb. 10, 2016

A consumer's death during his or her lease term isn't a common occurrence, but how the lender responds to the needs of the consumer's family members makes a lasting impression.... Read More »

CU Direct's network ranks third, again, in auto-loan originations

11:00 am U.S. ET | Feb. 10, 2016

Credit unions on CU Direct's lending network originated a record 1.06 million auto loans in 2015, up 13 percent. For the second straight year, the CUDL network was the nation's third-biggest lender based on auto loan originations, trailing only Ally and Wells Fargo.... Read More »

Death and leases: The challenge of helping a grieving family

11:00 am U.S. ET | Feb. 10, 2016

When a lease customer dies during his or her term, what happens to the contract? Mercedes-Benz Financial has simplified the required steps for grieving family members.... Read More »

Leasing on rise and being 'done right,' says Cox economist

10:00 am U.S. ET | Feb. 10, 2016

Although leasing is on the rise, it is “leasing done right” this time, in contrast to “leasing done wrong” in 1999 when leases last peaked and ultimately damaged residual values dramatically, Tom Webb, Cox Automotive chief economist, writes in the Manheim 2016 Used Car Market Report released Monday.... Read More »

BMW drops to 3rd place in global luxury sales race during January

6:30 am U.S. ET | Feb. 10, 2016

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year.... Read More »

BMW drops to third place in luxury sales race during January

Feb. 10, 2016 11:56 CET

BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes moved closer to a goal of unseating its rival this year.... Read More »

Nissan profit boosted by strong U.S. demand

4:28 am U.S. ET | Feb. 10, 2016

Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting.... Read More »

GM awards more business to ad agency Commonwealth

10:24 am U.S. ET | Feb. 9, 2016

Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett.... Read More »

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