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Wed, 12 Dec 2018 06:15:25 EST
Nissan expands Ghosn probe to European affiliates
Nissan is poised to widen its probe into Carlos Ghosn to investigate possible misconduct at its alliance joint venture entity with Renault and a host of subsidiaries, people familiar with the matter said, in a move that could trigger more criminal...

Wed, 12 Dec 2018 13:19:47 EST
Brazil court grants Ghosn access to Rio apartment
A Brazilian court decided that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right to access a contested Rio apartment to retrieve personal belongings, Reuters reported.

Wed, 12 Dec 2018 12:51:01 EST
BMW logistics get boost from U.S. grant
A $25 million U.S. transportation grant supporting the expansion of an inland port for containers will directly benefit logistics operations at BMW in South Carolina and other manufacturers in the region.

Wed, 12 Dec 2018 11:11:08 EST
Cadillac XT6 crossover slated to debut at Detroit auto show
The large three-row vehicle will slot between the XT5 midsize crossover and the Cadillac Escalade large SUV -- white space the brand has needed to fill for some time.

Wed, 12 Dec 2018 09:54:02 EST
China considers delay for tech-dominance plans amid trade war, report says
China is considering plans to delay some targets in its strategy to dominate high-end technologies and to put more focus on shaping industry standards, people familiar with the matter told Bloomberg.

Wed, 12 Dec 2018 05:00:00 EST
VW Passat to remain on old platform, update styling, tech for 2020
The 2020 Volkswagen Passat will receive new exterior styling, more standard safety equipment and an updated instrument panel but it won't land on a new platform or feature a new powertrain as the automaker, citing the shrinking midsize car market,...

Wed, 12 Dec 2018 09:53:29 EST
Financing concerns weigh on auto dealers in Q4, Cox survey finds
Alongside affordability challenges, high interest rates and difficulty obtaining credit for customers have clouded dealers' typically rosy outlooks, according to Cox Automotive's Dealer Sentiment Index survey.

Wed, 12 Dec 2018 08:54:25 EST
Audi's Schot appointed CEO on permanent basis
Audi marketing expert Bram Schot will become the luxury brand's CEO on Jan. 1, making permanent a role he has held on an interim basis since June.

Wed, 12 Dec 2018 08:04:57 EST
Renault tells Nissan not to contact its board members, report says
Renault has told alliance partner Nissan not to contact its directors ahead of a Renault board meeting on Thursday, a source told Reuters.

Wed, 12 Dec 2018 06:59:52 EST
VW expects new EV platform to give it an edge over rivals
Volkswagen says the MEB platform that will underpin its I.D. electric-vehicle family will be even more scalable than the MQB architecture used for 80 percent of the group's combustion engine cars.

Wed, 12 Dec 2018 06:54:17 EST
Ghosn seen as liability as French president battles elitist image
As Renault's largest shareholder, the French government might be expected to stand up for Carlos Ghosn as he fights charges in Japan that he underreported tens of millions of dollars.

Wed, 12 Dec 2018 06:35:36 EST
Nissan spells out allegations on Ghosn to Renault
Nissan took the first comprehensive steps to share details with Renault about allegations against Carlos Ghosn in a move that may help ease a climate of suspicion that has clouded their partnership.

Wed, 12 Dec 2018 06:09:51 EST
Hyundai promotes former BMW exec to randd chief in management shake-up
Hyundai Motor appointed Albert Biermann, a former BMW executive, as its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.

Tue, 11 Dec 2018 07:48:20 EST
China said to consider auto tariff cut to 15% mentioned in Trump tweet
China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said.

Tue, 11 Dec 2018 17:56:03 EST
GM pressed by 2 Senators to build all EVs for U.S. stateside
Two U.S. senators from Ohio on Tuesday asked General Motors CEO Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car output in North America.

Tue, 11 Dec 2018 10:00:00 EST
720S Spider joins McLaren lineup
McLaren Automotive has added another flavor to its 720S lineup by adding a convertible.

Tue, 11 Dec 2018 16:50:58 EST
Ex-Ford Argentina execs convicted in torture case
An Argentine court convicted two former executives of a local Ford plant of involvement in the torture of workers during the country's dictatorship in the 1970s, victims' lawyers said, adding they may sue Ford in U.S. federal court.

Tue, 11 Dec 2018 06:48:14 EST
Nissan to correct earnings to account for Ghosn's unreported income
Nissan will file corrected earnings for past years in which Carlos Ghosn, the company's ousted chairman, allegedly under-reported his compensation by tens of millions of dollars.

Tue, 11 Dec 2018 07:04:34 EST
Ghosn's appeal to end detention rejected by Tokyo court
A Tokyo court rejected ousted Nissan Chairman Carlos Ghosn's appeal to end his detention following his arrest last month on allegations of financial misconduct.

Tue, 11 Dec 2018 15:24:29 EST
Vroom collects $146 million in latest funding, eyes expansion with new hires
Upstart online used-car retailer Vroom said it raised $146 million in its latest round of funding, including a previously reported $50 million from AutoNation Inc.

Tue, 11 Dec 2018 13:22:26 EST
Santa slims down for Audi
Santa Claus takes on a modern look in a new Audi ad that shows him shedding pounds when he endures a bit of a mid-life crisis after realizing that he can't fit into an RS 5 at his current weight.

Tue, 11 Dec 2018 14:23:04 EST
Musk slams '60 Minutes' for editing comments about chairman
Tesla CEO Elon Musk criticized '60 Minutes' for editing out parts of his responses to questions about losing the role of chairman last month.

Tue, 11 Dec 2018 13:46:43 EST
Renting a car in 30 seconds? Hertz and Clear say they can
Hertz and Clear announced the debut of Hertz Fast Lane Powered by Clear, a service that uses biometrics to speed members through the rental car process.

Tue, 11 Dec 2018 12:52:50 EST
Nissan is said to spell out allegations on Ghosn to Renault
Nissan is taking the first comprehensive steps to share details with Renault about allegations against Carlos Ghosn, according to a person familiar with the matter.

Tue, 11 Dec 2018 00:01:00 EST
Ford Ranger pickup rated at 23 mpg combined, best among gasoline-powered rivals
The Ford Ranger is returning next month as the most fuel-efficient gasoline-powered pickup on the U.S. market.

Tue, 11 Dec 2018 00:01:00 EST
Jeep Wrangler awarded 1 star in Euro NCAP crash tests
The redesigned Jeep Wrangler failed one of several crash tests performed by Euro NCAP, the European version of crashworthiness studies performed by NHTSA and the Insurance Institute for Highway Safety.

Tue, 11 Dec 2018 06:39:57 EST
Why Hyundai's top two randd execs are poised to resign
Hyundai Motor Group's two vice chairmen in charge of randd have offered to resign, three people familiar with the matter told Reuters.

Tue, 11 Dec 2018 08:37:46 EST
Hyundai, suppliers plan $6.7 billion investment to boost fuel cell output
Hyundai and its suppliers plan to spend $6.7 billion through 2030 to raise production of fuel cells by more than 200-fold as the automaker targets to become a key player in the new-energy vehicle technology.

Tue, 11 Dec 2018 08:29:04 EST
China car sales drop at steepest pace in nearly 7 years
China's automobile sales fell about 14 percent in November from a year earlier. It was the steepest decline since January 2012, when the timing of the Lunar New Year holiday hurt auto sales.

Tue, 11 Dec 2018 08:14:33 EST
Cars.com pressured to perform, shake up management or sell
Starboard Value is calling on Cars.com to improve its performance or consider selling itself or making management changes, about nine months after the activist hedge fund reached a settlement agreement with the online auto-dealing platform.

Tue, 11 Dec 2018 07:26:05 EST
BMW names new head of autonomous driving development
Alejandro Vukotich will replace Elmar Frickenstein, who has been in charge of the department since it was created in May 2016 and who will retire after a three-month handover phase in March.

Tue, 11 Dec 2018 07:10:25 EST
Daimler to buy $23 billion of battery cells in EV push
"We set another important milestone for the electrification of our future electric vehicles," Wilko Stark, who oversees procurement and supplier quality on the board of Mercedes-Benz Cars, said.

Mon, 10 Dec 2018 00:01:00 EST
Dealerships make strikes toward more ethical culture
Ethical practices in automotive finance have evolved significantly in recent decades, with a boom in automotive retail regulations. Automotive News explores this evolution in this special section.

Mon, 10 Dec 2018 00:01:00 EST
Affordability worries put car dealers in a gloomy mood
Affordability challenges have auto dealers worrying more about business as they look toward 2019.

Mon, 10 Dec 2018 11:19:40 EST
Ford in talks with German workers about Saarlouis job cuts
Ford said it started negotiations with German worker representatives about potential job cuts at its Saarlouis plant following a decision to discontinue production of its Ford C-Max model.

Mon, 10 Dec 2018 15:00:32 EST
UAW says U.S. should go beyond USMCA gains in any free-trade deal with Japan
The UAW is urging the White House to go beyond gains in the tentative United States-Mexico-Canada Agreement in any free-trade agreement negotiated with Japan.

Mon, 10 Dec 2018 16:26:56 EST
Worthington named Ford's VP of global product development operations
The Ford executive is now responsible for leading the automaker's global vehicle programs under product development, with Graham Pearson leading product development for Asia Pacific and China.

Mon, 10 Dec 2018 08:30:03 EST
Why Nissan wants to keep Carlos Ghosn out of Rio apartment
A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan chairman and the automaker.

Mon, 10 Dec 2018 11:37:49 EST
Ford goes back to the future in Detroit's Corktown
Ford has taken a giant leap into an enormous project to remake where employees think, design and create the vehicles of the future in a Detroit campus that is four years away from becoming reality.

Mon, 10 Dec 2018 00:01:00 EST
The arrest of Carlos Ghosn is triggering trouble, from product to diplomatic relations
Carlos Ghosn's arrest in Tokyo is already having consequences, from product marketing to international diplomatic relations. More complications could be ahead.

Mon, 10 Dec 2018 06:51:09 EST
How Ghosn's legal process could play out
Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn's income, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.

Mon, 10 Dec 2018 08:57:57 EST
Bosch rejected stock listing to raise money for industry shift to EVs, report says
Robert Bosch, the world's largest automotive supplier, discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said.

Mon, 10 Dec 2018 02:25:15 EST
Ghosn, Kelly, Nissan indicted for under-reporting compensation
Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn's compensation.

Mon, 10 Dec 2018 07:58:32 EST
Continental will turn to software takeovers after powertrain IPO, report says
German supplier Continental is considering acquiring software makers after the flotation of its powertrain unit expected in the second half of 2019, CFO Wolfgang Schaefer told Boersen-Zeitung.

Mon, 10 Dec 2018 07:34:27 EST
Renault board heads into decisive week over top leadership
Renault, the automaker in which the French state is the most powerful shareholder, is headed into a decisive week over its leadership.

Mon, 10 Dec 2018 07:25:36 EST
Tesla readies Model 3 for Europe launch
Tesla will start the European rollout of its Model 3 in February, putting pressure on German premium brands that have seen the Model S outsell flagship sedans such as the Mercedes-Benz S class.

Mon, 10 Dec 2018 07:20:45 EST
Uber said to file confidentially for IPO on Lyft's heels
Like Lyft, Uber last week submitted its IPO filing to the Securities and Exchange Commission, a person familiar with the matter told Bloomberg.

Mon, 10 Dec 2018 00:01:00 EST
GM's fast-rising CFO Dhivya Suryadevara leads a high-speed restructuring
Dhivya Suryadevara has quickly risen through the ranks of GM since starting as a senior financial analyst in 2005.

Mon, 10 Dec 2018 00:01:00 EST
SK Innovation plans new battery plant
SK Innovation will spend $1.67 billion to build an EV battery plant in Commerce, Ga. Some think that is just the beginning.

Mon, 10 Dec 2018 00:01:00 EST
Self-driving tests and crashes are on the rise in California
With three weeks left in 2018, California already has had a record year for the number of manufacturers permitted to test autonomous vehicles, the number of those vehicles permitted on the road and the number of crashes involving those vehicles.

Mon, 10 Dec 2018 00:01:00 EST
Kia's redesigned 2020 Soul builds more variety from the same box
While other boxy designs have come and gone #8212; Scion xB, Nissan Cube, Honda Element #8212; Kia's Soul has built longevity through loyalty.

Mon, 10 Dec 2018 00:01:00 EST
GM cutbacks complicate USMCA's path to passage
General Motors' decision to idle four U.S. assembly and parts plants could provide ammunition for critics of President Donald Trump's new North American trade agreement.

Mon, 10 Dec 2018 00:01:00 EST
Mazda-Toyota's Ala. greenfield charts new path
Toyota and Mazda will spend $1.6 billion to build an assembly plant in Huntsville. Things have changed since their last greenfield ventures.

Mon, 10 Dec 2018 00:01:00 EST
VW chief Herbert Diess is talking about accessing Ford's U.S. plants, but space is limited
As Ford has tried to downplay its ongoing talks with Volkswagen Group, VW CEO Herbert Diess, who last week said VW is eyeing access to Ford's U.S. manufacturing footprint, keeps upping the ante.

Mon, 10 Dec 2018 00:01:00 EST
November numbers reflect surprisingly good sales year
Heading into 2018, U.S. auto sales appeared headed for a second-straight annual decline. But it hasn't played out as expected: Sales have remained steady even as incentives were disciplined and prices rose further.

Mon, 10 Dec 2018 00:01:00 EST
'Crazy Ivan' strategy at M.K. Smith Chevrolet gets used-car shoppers' attention
What does a 2014 Jeep Compass Sport have in common with a Soviet submarine?

Mon, 10 Dec 2018 00:01:00 EST
Florida dealership settles robocall suit for $4.8 million
A Florida store's $4.8 million settlement of a robocalling lawsuit is the latest wake-up call for dealers to remain vigilant about unwanted advertising messages to current and prospective customers.

Mon, 10 Dec 2018 00:01:00 EST
Volvo dealers in California revolt against subscriptions
As Volvo prepares a new and improved version of its Care by Volvo subscroption service, California hears the grumbling of dealer protests.

Mon, 10 Dec 2018 00:01:00 EST
VW Beetle gets special colors for latest farewell
The latest Final Edition of the iconic Volkswagen Beetle will have special colors, badging and wheels as the bug drives into the sunset next year, just as it did 15 years ago.

Mon, 10 Dec 2018 00:01:00 EST
Land Rover Defender may be produced in Slovakia
It seems likely that the much-discussed new Land Rover Defender will be built outside of England.

Mon, 10 Dec 2018 00:01:00 EST
Small size keeps Brembo fast, focused
Brembo navigates the curves of supplying high-end brakes while managing the transition to brake-by-wire.

Sun, 9 Dec 2018 00:01:00 EST
Acura turns attention to cars, seeking repeat of RDX success
The redesigned RDX has gotten off to a torrid start, but brand chief Jon Ikeda says Acura isn't planning more crossovers.

Sun, 9 Dec 2018 22:33:37 EST
Musk recounts 'life or death' moment for Tesla in '60 Minutes' interview
In an interview with CBS's Lesley Stahl, the Tesla CEO said he doesn't respect the SEC, declared his interest in buying a shuttered GM factory and credited a parking lot assembly line with saving the company.

Sun, 9 Dec 2018 19:59:56 EST
Why Monday is a crucial day in the Carlos Ghosn legal drama
Ousted Nissan boss Carlos Ghosn faces a landmark day in his Japanese judicial ordeal on Monday when prosecutors must decide to either indict or free the jailed auto executive.

Sun, 9 Dec 2018 00:01:00 EST
Aerotropolis envisions auto hub by Detroit airports
With industrial space in Detroit in short supply, a regional group is eyeing two Detroit airports as a site for future industrial development.

Sun, 9 Dec 2018 07:56:46 EST
VW denies allegations chairman knew early about emissions cheating
VW denied allegations that Chairman Hans Dieter Poetsch knew about the automaker's emissions test cheating almost three months before U.S. authorities made it public.

Sun, 9 Dec 2018 06:56:29 EST
Ghosn planned to remove Saikawa as Nissan CEO before arrest in Japan, sources say
Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa before Ghosn was arrested in Japan last month for alleged financial misconduct, people familiar with the matter said.

Sun, 9 Dec 2018 00:01:00 EST
Sergio Marchionne's influence lingers for FCA CEO Mike Manley
Fiat Chrysler Automobiles CEO Mike Manley clearly learned many lessons from his predecessor -- and even some the late Sergio Marchionne never intended to teach.

Sat, 8 Dec 2018 00:01:00 EST
Mazda goes for emotional appeal for sedan lovers
Mazda doesn't see the slowing sedan market as an excuse to become complacent about its cars. In fact, it sees this as the perfect time to raise the bar with an artistic approach to design that enhances some of their emotional allure.

Sat, 8 Dec 2018 00:01:00 EST
Genesis decline tied to licensing bump
Genesis' steep sales dropoff is largely a byproduct of the brand's accelerated separation from Hyundai.

Sat, 8 Dec 2018 00:01:00 EST
Ethics and compliance in FandI go hand in hand
The relationship between compliance and ethics is especially acute in the FandI department.

Fri, 7 Dec 2018 07:45:48 EST
Trump's pick to run CFPB wins approval from Senate
President Donald Trump will finally have his own nominee running the Bureau of Consumer Financial Protection, a controversial agency that Republicans say has stifled economic growth.

Fri, 7 Dec 2018 14:31:26 EST
Some 2019 GM pickups will have lower mpg than outgoing models
The fuel economy on some redesigned Chevrolet Silverado and GMC Sierra models will be worse than the outgoing pickups they're replacing.

Fri, 7 Dec 2018 06:27:28 EST
Tesla's top legal chief to leave, Washington lawyer named general counsel
Tesla General Counsel Todd Maron is leaving the company, adding to a long list of senior management departures this year. Tesla said it hired Washington lawyer Dane Butswinkas as his successor.

Fri, 7 Dec 2018 16:35:22 EST
The Detroit auto show's seven-year plan
The Detroit auto show, seeking to reinvent itself following decades as a January venue, has committed to seven years with its new June date.

Fri, 7 Dec 2018 17:49:56 EST
TrueCar buys retail software company DealerScience for $27 million
Vehicle-shopping site TrueCar has acquired DealerScience, a provider of digital-retailing software, for $27 million, the companies said Friday. DealerScience's founder will also join TrueCar's executive team effective immediately.

Fri, 7 Dec 2018 16:11:11 EST
Why Chevy is launching another employee pricing campaign
Chevrolet has launched a national employee pricing sales campaign on all 2018 and some 2019 models through the end of the year.

Fri, 7 Dec 2018 13:22:17 EST
Tower International to sell European unit in $291 million deal
Metal components supplier Tower said it agreed to sell off its European division to a privately owned French automotive supplier in a deal valued at about $291 million.

Fri, 7 Dec 2018 14:07:42 EST
Nissan takes orders for $1.1 million GT-R by Italdesign
Nissan said it will build 50 versions of the GT-R50 by Italdesign, which was unveiled earlier this year at the Goodwood Festival of Speed in the U.K. The car starts at $1.1 million.

Fri, 7 Dec 2018 02:24:33 EST
Why Nissan could be charged with Ghosn
Tokyo prosecutors are expected to charge Nissan as a corporate entity, alongside ousted chairman Carlos Ghosn for allegedly violating financial laws, a report said.

Fri, 7 Dec 2018 11:21:17 EST
How the Japanese legal system could treat Ghosn next week
Monday marks the end of Carlos Ghosn's 22-day detention, having been held without charge since his arrest on suspicion of under-reporting compensation following a whistleblower tip.

Fri, 7 Dec 2018 09:59:42 EST
Ford begins European restructuring with management shakeup
Ford has taken the first step in restructuring its money-losing European business that is expected to involve axing models, cutting jobs, and possibly factory closures.

Fri, 7 Dec 2018 08:29:07 EST
Tesla's plan to make bond payment in March emerges
Tesla notified holders of bonds due in March that if they elect to convert the debt, they'll be paid with a 50-50 mix of cash and stock, according to a copy of a document seen by Bloomberg.

Fri, 7 Dec 2018 06:08:50 EST
Renault said to be near first conclusions in Ghosn probe
Renault is aiming to reach in about a week the first conclusions of an internal probe into whether the pay packages of Carlos Ghosn and other top managers of the automaker were properly disclosed.

Fri, 7 Dec 2018 05:55:06 EST
NIssan partially blames Ghosn for latest inspection crisis in Japan
Nissan discovered more final inspection problems and said it will recall 150,000 vehicles in Japan as an executive blamed ousted boss Carlos Ghosn for partially fanning the lapses.

Thu, 6 Dec 2018 15:05:34 EST
Why the FTC is sending $3.5 million to Sage Auto Group customers
The Federal Trade Commission said it will mail 43,456 checks totaling more than $3.5 million to customers who fell prey to Sage Auto Group's deceptive practices from 2014 to 2016.

Thu, 6 Dec 2018 13:47:29 EST
Subprime auto lending hits 11-year low
Despite an increase in subprime loan volume in the third quarter, subprime market share hit its lowest level in more than a decade, according to Experian.

Thu, 6 Dec 2018 16:00:01 EST
New appointments show what Manley has learned about Fiat Chrysler management
Sergio Marchionne's frenetic, nonstop pace extracted much too heavy a toll on the man himself.

Thu, 6 Dec 2018 15:53:37 EST
Fiat Chrysler to convert idled Mack II engine plant in Detroit engine plant to build Jeeps, reports say
Fiat Chrysler Automobiles plans to reopen its long-idled Mack II engine plant in Detroit as an assembly plant to build three-row Jeep SUVs, The Detroit News and CNBC reported today, citing multiple sources familiar with the plans.

Thu, 6 Dec 2018 18:08:14 EST
GM CEO Mary Barry gets earful from angry Michigan congressional delegation over planned plant, job cuts
GM CEO Mary Barra came under harsh criticism from members of Congress from Michigan for building a new vehicle in Mexico while planning to end production at five North American assembly plants.

Dealer's Edge

Tue, 04 Nov 2014 00:00:00 EST
Arizona BMW dealership wins discrimination case brought by two shop techs
The technicians said they were fired for being foreigners. A jury disagreed

Tue, 04 Nov 2014 00:00:00 EST
Buy/Sell surprise: $100,000 in missing parts inventory
Missing inventory from recently acquired Virginia dealership is being investigated as a theft.

Tue, 04 Nov 2014 00:00:00 EST
Little-known Obamacare issues to watch
In 2015 the real effects of the Affordable Care Act will be felt by businesses

F&I Magazine

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