Retail

Toyota holds Apple, Google at bay with Telenav navigation deal

4:34 pm U.S. ET | July 30, 2015

Toyota will turn to a little-known company instead of Apple or Google to provide navigation and phone connectivity, as it seeks to maintain control of the car features. Toyota has been the biggest holdout among automakers as Apple and Google turn dashboards into screens that closely mirror their smartphones....
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Uber launches car leasing unit, makes entry into financial services

11:56 am U.S. ET | July 30, 2015

Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time....
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Amazon hires ex-Top Gear presenter Clarkson for TV series

11:02 am U.S. ET | July 30, 2015

Jeremy Clarkson, the TV presenter who was ousted as host of “Top Gear” this year, will front a new show on Amazon.com in 2016, underscoring the online retailer's drive to push its streaming service with big-ticket names....
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JULY U.S. AUTO SALES

GM pulls back on rental fleet sales, seeks better margins

11:44 am U.S. ET | July 30, 2015

General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms....
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Tech is a key for new-car marketing, study says

12:50 pm U.S. ET | July 30, 2015

Targeting techies is an important marketing strategy for automakers, according to a new study from J.D. Power. The company's 2015 U.S. Automotive Media and Marketing Report -- Summer edition found that 30 percent of new-vehicle drivers cited their vehicle's latest technology as a reason for purchasing....
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Mazda's quarterly profit falls 5.4% despite strong China, U.S. sales

4:53 am U.S. ET | July 30, 2015

Mazda said quarterly profit fell 5.4 percent despite higher auto sales in China and the U.S. that helped cushion the blow of foreign exchange losses and costs booked for new plants in Mexico and Thailand....
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Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014....
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VW says China sales may decline this year

July 29, 2015 17:19 CET

Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market....
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Average age of U.S. fleet hits record 11.5 years, IHS says

7:00 am U.S. ET | July 29, 2015

The average age of light vehicles on the road in the U.S. reached a new all-time high of 11.5 years at the end of 2014, while the total light vehicles in operation hit a record 257.9 million, up 2.1 percent from 2013, IHS Automotive said today....
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Tesla offers $1,000 referral incentive on Model S

4:09 pm U.S. ET | July 29, 2015

Tesla, testing the power of viral marketing to sell its EVs, will offer a word-of-mouth discount on the Model S through the end of October, with both referrer and buyer receiving $1,000....
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TrueCar, Sonic settle trademark lawsuit

3:00 pm U.S. ET | July 29, 2015

TrueCar and Sonic Automotive reached a settlement in TrueCar's lawsuit against the dealership group over trademark infringement. As part of the deal, Sonic agreed to transfer to TrueCar all rights to and use of its True Price, True View and all other True-related marks. Sonic also will lift a ban on using TrueCar at its dealerships....
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Nissan Q1 earnings jump 58% on strong U.S. sales, weak yen

4:36 am U.S. ET | July 29, 2015

Nissan said first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in the U.S. and China as well as a weak yen which boosted the value of earnings overseas....
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Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants

9:00 pm U.S. ET | July 28, 2015

Nissan distanced itself from a controversial ad created by a California dealership that shows store managers whacking away at a Mexican piņata resembling Republican Party presidential candidate Donald Trump....
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Honda readies more sporty, luxurious Civic

11:00 am U.S. ET | July 28, 2015

With the official debut of Honda's redesigned Civic just a few months away, the latest spy shots show the 10th-generation model will come with luxury features normally reserved for fancy German sedans, not practical Japanese family cars....
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VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET

Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market....
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Daimler in talks on truck partnership, Iran Khodro says

July 28, 2015 12:01 CET

Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said. European carmakers are planning their return to Iran after the country agreed to curb its nuclear program in return for the lifting of international sanctions that have crippled its economy....
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VW's MAN truck unit expects profit drop on restructuring costs

July 28, 2015 11:27 CET

Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales....
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As dealership sales climb, margins slide

12:01 am U.S. ET | July 27, 2015

On the surface, second-quarter results from five publicly traded dealership groups last week were solid. But behind the gains lurked a disturbing trend: At all five, profit margins on new-vehicle sales fell....
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Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market....
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TrueCar works on relationships

12:01 am U.S. ET | July 27, 2015

TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company. Separately, the company said problems converting enough shoppers into buyers hurt its second-quarter results....
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Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies....
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Pickups are picking up premium price tags

12:01 am U.S. ET | July 27, 2015

Last week, Ford introduced a Limited version of the F-150 that will start at about $60,000 and will likely top $70,000 when loaded with options. So what do you get when you max out other half-ton pickups sold in the U.S. with the most expensive set of options? We found prices identified more with upper-end German performance sedans than vehicles that can haul a load of hay....
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Energy prices, flood waters are no match for Group 1

12:01 am U.S. ET | July 27, 2015

From the outside, one might assume Houston's Group 1 would be hurting. But its adjusted net income jumped 20 percent to a second-quarter record of $47.9 million, as revenue climbed 8.6 percent to $2.73 billion....
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Here come the Kia crossovers

12:01 am U.S. ET | July 27, 2015

Kia is gearing up for a run at the fast-growing subcompact crossover segment with a dedicated hybrid model, spy photos suggest. About the size of a Honda HR-V, the unnamed Kia is likely to share a platform with a Hyundai model....
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Fiat working on Abarth variant of 124

12:01 am U.S. ET | July 27, 2015

Fiat plans a high-performance version of the upcoming Fiat 124, Alfredo Altavilla, COO of Fiat Chrysler's Europe, Africa and Middle East region, told England's Auto Express in an interview....
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