Welcome

News

Automotive News

Fri, 21 Sep 2018 15:37:03 EST
GM restructures global strategy, EV executives
General Motors is restructuring the leadership of its global strategy and EV units as it begins to deploy at least 20 battery-electric and fuel-cell powered vehicles globally by 2023.

Fri, 21 Sep 2018 09:00:00 EST
New Ford F-150 ad takes subtle digs at redesigned Ram, Chevy pickups
Ford's latest F-150 commercial reinforces the automaker's leadership without calling out its redesigned rivals by name.

Fri, 21 Sep 2018 15:25:08 EST
California, other states set to challenge Trump over relaxed emissions rules
Democratic leaders in three states warned again Friday they are ready to challenge the Trump administration in court, alleging abuse of power, if it moves ahead with plans to weaken tailpipe emission standards, and they criticized the auto industry...

Fri, 21 Sep 2018 15:44:46 EST
Amazon finds another way into the car dashboard with Echo Auto
Amazon's latest aftermarket product, Echo Auto, allows drivers to bring the power of Alexa with them on the road.

Fri, 21 Sep 2018 13:39:02 EST
Calsonic, backed by KKR, lines up $5.9 billion in financing for Magneti deal
Calsonic Kansei has lined up around 5 billion euros ($5.9 billion) in financing from Japanese banks to help fund its proposed acquisition of FCA's Magneti Marelli unit, Reuters reported.

Fri, 21 Sep 2018 11:34:23 EST
Trump adviser says U.S. close to proceeding on trade with Mexico only
The United States is getting "very, very close" to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said.

Fri, 21 Sep 2018 10:24:31 EST
What's next in the U.S.-Canada NAFTA drama?
All three countries want to sign an accord before Mexico's incoming president takes office Dec. 1. To do so, they'd have to publish a deal by Sept. 30, and would need to reach agreement imminently to have time to put it into legal text.

Fri, 21 Sep 2018 06:13:28 EST
Summer rains in Japan cost Mazda 44,000 units, $249 million
Mazda said it lost 44,000 units of production, including some output of vehicles bound for the U.S., because of interruption from heavy rain this summer. The disruption will cost Mazda $249 million.

Fri, 21 Sep 2018 00:01:00 EST
GM suspends work on Chevrolet Niva replacement
GM has suspended work on a planned replacement of its last remaining Russian-built vehicle, the Chevrolet Niva SUV. The Niva is built by Russia's AvtoVAZ.

Fri, 21 Sep 2018 06:51:16 EST
Tesla reaches lithium deal with Chinese supplier
China's top producer of lithium, a metal used in electric-vehicle batteries, said it reached a deal with Tesla to supply the vehicle maker, highlighting the push for supply pacts.

Fri, 21 Sep 2018 06:35:26 EST
Lincoln's answer to Cadillac's Super Cruise technology
Lincoln's new lane-centering technology, when combined with adaptive cruise control, is a similar, more affordable version of Cadillac's Super Cruise -- and should be marketed as such.

Thu, 20 Sep 2018 10:56:25 EST
Aston Martin to expand hypercar lineup with '003'
Aston Martin plans to expand its hypercar lineup with a coupe code-named the 003. Sales of the 003 will be limited to 500 units and its price is expected to be below that of its sister model.

Thu, 20 Sep 2018 18:41:33 EST
Tesla's management exodus continues with purchasing chief's departure
Tesla's purchasing chief is leaving the company, according to people familiar with the matter, as CEO Elon Musk struggles to contain an exodus of senior executives.

Thu, 20 Sep 2018 10:56:56 EST
Tesla Model 3 aces NHTSA's crash tests
The Tesla Model 3 sedan has been awarded five stars in all crash tests conducted by NHTSA.

Thu, 20 Sep 2018 11:48:10 EST
Nissan recalls 215,000 vehicles for fire concern, tells drivers to park outside
Nissan is recalling 215,124 vehicles in the U.S. over an anti-lock brake pump defect that may increase the risk of a fire. Nissan told owners to park their vehicles outdoors.

Thu, 20 Sep 2018 08:12:05 EST
Magna selling fluid pressure, controls unit to South Korean supplier for $1.23 billion
About 4,200 Magna employees at 10 operations in North America, Europe and Asia will transition to Hanon Systems in one of the biggest acquisitions of an overseas car parts unit by a South Korean company.

Thu, 20 Sep 2018 07:38:15 EST
How Volvo's Polestar plans to sell its electric vehicles in North America
Volvo's Polestar brand announced details of the framework it will use to promote sales for its new electric cars, the Polestar 1 and Polestar 2.

Thu, 20 Sep 2018 13:31:24 EST
Vehicle loss from Florence expected to be a fraction of Harvey's impact
While the damage is certainly bad for people in the coastal region of the Carolinas, Florence's impact on the vehicle market is expected to pale in comparison to last year's Hurricane Harvey.

Thu, 20 Sep 2018 02:24:59 EST
VW rejects Trump envoy's take on Iran pullout
Volkswagen rejected a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump's ambassador to Germany, saying its position had not changed.

Thu, 20 Sep 2018 11:25:30 EST
Longtime Ford finance whiz Schloss to retire
Neil Schloss, the treasurer who helped Ford steer through the Great Recession without going into bankruptcy, will retire at the end of the year after 36 years with the company.

Thu, 20 Sep 2018 07:57:58 EST
Mike Jackson's I told you so moment on Tesla's 'logistics hell'
Tesla could have avoided its recent struggle delivering cars to customers quickly if it hadn't insisted on handling its own retailing, AutoNation CEO Mike Jackson said.

Thu, 20 Sep 2018 04:55:45 EST
Aston Martin plans October IPO worth up to $6.7 billion
Aston Martin says it is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from a public stock offering in October. The automaker is expected to publish a prospectus on Thursday.

Wed, 19 Sep 2018 14:41:03 EST
Why Cadillac is expanding the V-series performance subbrand
Cadillac is expanding its V-series performance subbrand starting with the arrival of the CT6-V in the spring. The V-series expansion comes as Cadillac prepares to introduce a new or redesigned vehicle every six months through 2021

Wed, 19 Sep 2018 17:30:35 EST
GM ignition switch criminal case dismissed
A federal judge in New York dismissed a criminal case brought against General Motors in 2015 over the company's handling of an ignition-switch defect linked to 124 deaths.

Wed, 19 Sep 2018 06:45:00 EST
AutoNation launches search for new CEO as Mike Jackson transitions to executive chairman role
AutoNation is launching a search for a new CEO as longtime leader Mike Jackson prepares to move into a new role as executive chairman of the country's largest new-vehicle dealership group. Jackson turns 70 in February.

Wed, 19 Sep 2018 15:18:27 EST
CarMax, other stores reopen as Florence lingers
Major retailers such as CarMax and Sonic saw little damage from Florence. Local dealers in hard-hit areas were less fortunate.

Wed, 19 Sep 2018 14:10:38 EST
Why the Lincoln MKT will survive in the fleet world
The MKT, known almost exclusively for commercial fleet sales, will remain in Lincoln's lineup after its replacement, the Aviator, debuts next year.

Wed, 19 Sep 2018 12:00:12 EST
AutoNation's CEO says the industry is 'freaking out' about Trump's tariffs
The auto industry fears that President Donald Trump's threats to place tariffs on vehicles coming into the U.S. could drive the economy into a recession, the head of the largest auto retailer in America said.

Wed, 19 Sep 2018 10:55:50 EST
Why supplier ZF is investing $14 billion into autonomous vehicles
German auto supplier ZF Friedrichshafen said it is developing its own self-driving vehicle technology in the latest sign of how technology shifts are upending traditional roles in the auto industry.

Wed, 19 Sep 2018 11:35:15 EST
Why a U.S.-Canada deal on NAFTA is unlikely this week
NAFTA talks are picking up again but a deal is unlikely to be reached this week -- increasing the odds the latest deadline will be missed amid Donald Trump's threat to freeze Canada out.

Wed, 19 Sep 2018 00:01:00 EST
Mercedes-Benz is on a viral video roll
One week after taking our top spot with its unveiling of the EQC, Mercedes is once again the top newcomer on our list, taking the second spot by showcasing it's modular self-driving, all-electric urban people carrier.

Wed, 19 Sep 2018 07:28:08 EST
Why automotive employment continues to grow globally
Of the 13 publicly traded automakers with at least 100,000 workers at the end of their most-recent fiscal year, 11 had more staff compared with 2013, according to data compiled by Bloomberg.

Wed, 19 Sep 2018 06:09:21 EST
Tesla criminal probe into Elon Musk tweet may open Pandora's box
Now that federal prosecutors have a toehold on their investigation, they can dig in to look for other signs of misconduct at Tesla.

Tue, 18 Sep 2018 00:01:00 EST
FCA working on a new inline-six engine, report says
The V-8 engine hasn't been the default choice for family vehicles for ages and it seems like it will be increasingly relegated to performance machinery for dedicated gearheads.

Tue, 18 Sep 2018 14:36:42 EST
CarMax stores reopen after Florence blows through Carolinas
The last of the CarMax stores that were closed last week as Hurricane Florence bore down on the southeast U.S. reopened on Wednesday, a spokeswoman confirmed.

Tue, 18 Sep 2018 00:01:00 EST
Audi's 2019 e-tron crossover to start at $75,795
When it arrives in U.S. dealerships in the second quarter of next year, the 2019 Audi e-tron will boast a 95-kilowatt-hour battery, full-time all-wheel drive and a host of interconnected goodies.

Tue, 18 Sep 2018 15:17:10 EST
What Cadillac dealers can expect from Steve Carlisle
Cadillac chief Steve Carlisle is mild-mannered and methodical when he speaks. He doesn't want or command attention but that's not necessarily a weakness. Just different from what we've come to expect from Cadillac.

Tue, 18 Sep 2018 12:06:03 EST
Feds launch criminal probe into Musk's tweets, report says
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and CEO Elon Musk, two people familiar with the matter told Bloomberg.

Tue, 18 Sep 2018 05:20:33 EST
Ferrari plans to launch Monza retro-styled supercar
Ferrari's latest special edition supercar will be called the Monza and will broaden the automaker's offering of limited models that typically earn higher margins.

Tue, 18 Sep 2018 08:49:33 EST
Ferrari's plan through 2022 includes 15 new models, more hybrids, retail price growth
Ferrari plans to launch 15 new models by 2022, and the company expects the average retail price for its vehicles to increase "significantly."

Tue, 18 Sep 2018 09:52:13 EST
Ferrari's SUV will be called Purosangue
Ferrari will launch the Purosangue, its much anticipated four-door utility vehicle, in 2022. The name means "thoroughbred" in Italian.

Tue, 18 Sep 2018 11:20:22 EST
Why the entry-level Mercedes-Benz A class is loaded with new technology
The Mercedes-Benz A-class compact sedan, expected to arrive in U.S. showrooms early next year, is the brand's new "gateway" vehicle -- designed to draw the next generation of customers.

Tue, 18 Sep 2018 10:50:42 EST
Trump's trade war with China escalates
China announced retaliatory tariffs against $60 billion of U.S. goods, sharply escalating their trade conflict as the Trump administration considers imposing duties on almost all Chinese imports.

Tue, 18 Sep 2018 09:30:16 EST
Will automakers bear disproportionate burden for tackling climate change?
It's unclear how much automakers will benefit from relaxing standards for tailpipe emissions. To some observers, the biggest winners are petroleum companies.

Tue, 18 Sep 2018 08:05:31 EST
Hyundai Capital moves to foreclose on stores owned by ex-NFL players
Hyundai Capital America has launched foreclosure proceedings against the owners -- auto industry veteran Michael Saporito and ex-NFL linebackers Jessie Armstead and Antonio Pierce -- of Hyundai and Kia dealerships in Pennsylvania accused of failing...

Tue, 18 Sep 2018 07:30:00 EST
With turnaround complete, Pininfarina bets on engineering, design
The Italian coachbuilding and design company has a new strategy based on two business areas -- engineering and design -- that have been split into separate legal entities.

Tue, 18 Sep 2018 07:15:00 EST
Renault-Nissan-Mitsubishi lets Google's Android into its dashboards
Renault, Nissan and Mitsubishi Motors announced a technology partnership that will make its vehicles among the first to use Google's Android operating system in its dashboards to control navigation, infotainment and apps directly installed in...

Tue, 18 Sep 2018 07:00:00 EST
VW, BMW, Daimler face EU probe over collusion on emissions tech
The EU has opened a formal investigation into whether BMW, Daimler and VW Group colluded to avoid competition in the development of emissions technology, including allegedly limiting the rollout of systems to reduce NOx and particulate pollution.

Mon, 17 Sep 2018 00:01:00 EST
Tammy Darvish took dealer rights fight to Capitol Hill
Darcars Automotive Group lost several franchises when General Motors and the then-Chrysler Group terminated hundreds of franchisees during the recession.

Mon, 17 Sep 2018 00:01:00 EST
Oregon dealer Charlie Brown charged into recession with used-car strategy
When new-car sales slumped, Charlie Brown led his Oregon dealership on a used-car sales surge to keep the store going.

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

Thu, 20 Sep 2018 11:16:00 PDT
DealShield Launches 30-Day Return Guarantee
Responding to dealer feedback, the Cox Automotive brand has added a 30-day return option to its DS360 wholesale risk management offering. The guarantee is now available at 100 auction sites, guaranteeing 1.3 million vehicles.

Thu, 20 Sep 2018 10:22:00 PDT
Burt Reynolds Collection Goes to Auction
Las Vegas’ Mandalay Bay Resort will be the site of a Barrett Jackson auction of vehicles personally owned by late actor Burt Reynolds.

Thu, 20 Sep 2018 10:20:00 PDT
Maurer Joins F&I Admin as F&I Retail Solutions Director
Dennis Maurer has joined F&I Administration Solutions as the company’s new director of F&I retail solutions.

Contacts

The Oak Group
333 E. Butterfield Rd., Ste. 820
Lombard, IL 60148
Ph. (630) 833-9770 / 800-441-4228

Helpful Links

Login