Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Wed, 23 Apr 2014 06:00:00 EST Jaguar, Land Rover, Ford gain in blue-sky store values http://www.autonews.com/article/20140423/RETAIL07/140429952/jaguar-land-rover-ford-gain-in-blue-sky-store-values Wed, 23 Apr 2014 14:42:42 EST Jaguar, Land Rover and Ford saw their blue-sky multiples increase in the second half, according to a study by a dealership buy/sell advisory firm. But BMW, Mini, Hyundai, VW and Mazda saw theirs decrease. CPO sales rise 11% in 1st quarter http://www.autonews.com/article/20140423/RETAIL01/140429951/cpo-sales-rise-11-in-1st-quarter Wed, 23 Apr 2014 14:46:43 EST Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases. 2015 Ford Mustang order guide hints at key options http://www.autonews.com/article/20140423/OEM04/140429954/2015-ford-mustang-order-guide-hints-at-key-options Wed, 23 Apr 2014 14:04:33 EST The 2015 Ford Mustang order guide is now available to U.S. dealers and the options include a lot of familiar stuff such as racing stripes and tech packages. Asbury 1st-quarter sales, continuing-operations profit rise http://www.autonews.com/article/20140423/RETAIL07/140429949/asbury-1st-quarter-sales-continuing-operations-profit-rise Wed, 23 Apr 2014 15:00:40 EST Asbury Automotive Group reported a 3 percent profit slide for the first quarter of 2014, but improvements in all parts of the business drove profits from continuing operations up sharply. AutoNation swipes at third-party car sites as it builds digital footprint http://www.autonews.com/article/20140423/RETAIL07/140429948/autonation-swipes-at-third-party-car-sites-as-it-builds-digital Wed, 23 Apr 2014 15:26:22 EST AutoNation wants to reduce its dependency on online lead generators and third-party shopping sites. Asbury to open 2 used-vehicle stores; COO to retire http://www.autonews.com/article/20140423/RETAIL07/140429964/asbury-to-open-2-used-vehicle-stores-coo-to-retire Wed, 23 Apr 2014 07:35:34 EST Asbury Automotive said today it will open two stand-alone used-vehicle stores later this year. The company plans to open the two used-vehicle stores in Florida under the 'Q auto' brand name. GM's 1st-quarter profit to take hit from recalls http://www.autonews.com/article/20140423/OEM/304239951/gms-1st-quarter-profit-to-take-hit-from-recalls Wed, 23 Apr 2014 13:15:00 EST This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. GM owners claim bankruptcy fraud to keep recall suits alive http://www.autonews.com/article/20140423/OEM11/140429953/gm-owners-claim-bankruptcy-fraud-to-keep-recall-suits-alive Wed, 23 Apr 2014 14:33:44 EST GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally 'unsupportable.' Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million http://www.autonews.com/article/20140423/OEM10/140429956/showa-latest-supplier-to-plead-guilty-to-price-fixing-will-pay-19-9 Wed, 23 Apr 2014 12:01:54 EST Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today. Toyota's global sales top VW, GM for 3rd straight quarter http://www.autonews.com/article/20140423/RETAIL01/304239987/toyotas-global-sales-top-vw-gm-for-3rd-straight-quarter Wed, 23 Apr 2014 05:11:43 EST Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.