You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
Magna International's second-quarter net income edged up 0.5 percent to a record $561 million. Revenue during the quarter rose 3 percent, driven in part by higher sales in Asia.
Magna International Inc. reported record second-quarter net income of $561 million, up 0.5 per cent from a year earlier. Sales in Asia surged 10 per cent while they were up only slightly in North America.
Collective bargaining at General Motors' CAMI assembly plant in Ingersoll, Ont., started Thursday as about 400 workers there are slated to be laid off this month. The current four-year deal expires Sept. 17.
Workers at Nissan's Canton, Miss., assembly plant have rejected unionization in a 2,244 to 1,307 vote.
This week's vote at Nissan's Canton, Miss., assembly plant comes as the UAW and National Labor Relations Board accuse the automaker of violating labor law. But the UAW has its own problems.
Fiat Chrysler's U.S. sales fell 10 percent in July, as a sharp reduction in fleet deliveries compounded a decline in retail sales.
Mechanics are on strike in Chicago over work schedules. The union has asked for a guaranteed 40-hour work week -- a change dealerships reject.
The immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.
The market was bolstered in June by a dip in gasoline prices and an economy that remained strong, giving potential buyers confidence to buy used vehicles.
Automotive News sat down with several top executives at Enterprise Holdings to learn more about what goes into the company's fleet, acquisition and remarketing strategies. Here's a recap.
Used-vehicle retention values are down; subprime auto loan delinquencies up. Yet most analysts say the used market will weather this downturn better than last time.
UAW President Dennis Williams said independent, outside counsel would lead an internal investigation into allegations that union officials were illegally funneled $1.2 million by FCA's former labor chief.
While the UAW's General Holiefield negotiated with FCA at the bargaining table, he and his future wife were living luxuriously with money that was supposed to help train workers, prosecutors charged.
About 5.3 million Canadian vehicles have been recalled due to faulty Takata airbag inflators, but only 851,000 of them have been fixed as the focus remains on vehicles more at risk of malfunction in warm, humid climates.
Online used-vehicle retailer Carvana is opening up shop in Detroit, its 32nd U.S. market, vowing to relieve consumers of the need to spend time at dealerships.
Grew sales nearly six-fold in a small Kentucky market by expanding the dealership's business development center.
Worked his way up from lot attendant to overseeing all Pfaff pre-owned operations
The average new-vehicle loan term rose slightly to a record 69.3 months in June as buyers continued to keep monthly payments low while financing ever more expensive vehicles.
Income at CarMax's captive finance arm rose 8.5 percent to $109.4 million in the company's 2018 fiscal first quarter, ended May 31, even as its financing penetration fell.
The National Auto Auction Association has tapped Glenn Mercer to study the wholesale auction of the future.
On the eve of his retirement, Tom Webb, Manheim's chief economist, reflects on a four-decade auto industry career.
The used-car retailer, known for its vending machines, says it has a clear path to profitability and a strong brand that's making an impression.
Lexus Escondido in California is the centerpiece of a 326,000-square-foot facility that includes a restaurant, art gallery and event space.
Manheim's used-vehicle price index suggests that used prices are rising. Why is this key indicator diverging from other important pricing indexes?
CarMax's earnings surged 21 percent in its fiscal first quarter on a bump in used-vehicle sales driven by a delay in federal tax refunds.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.