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Thu, 15 Nov 2018 06:00:00 EST
Ford Motor's blueprint for autonomous vehicle profits
Just because Ford doesn't have plans to launch a commercial business with autonomous vehicles until 2021 does not necessarily mean the company is behind, argues Sherif Marakby, CEO of Ford Autonomous Vehicles.

Thu, 15 Nov 2018 06:06:52 EST
Ford open to investors in autonomous vehicles but cautious on VW, Hackett says
Ford CEO Jim Hackett says the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a "delicate dance."

Thu, 15 Nov 2018 04:31:16 EST
WLTP testing hits VW Fiat Chrysler sale sin Europe
VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fell 7 percent following the introduction of a new testing regime in September.

Wed, 14 Nov 2018 16:11:12 EST
Why Ford will stop selling Explorers in smaller overseas markets
The automaker is adjusting where it sells certain models and is reducing the number of available parts on a number of vehicles as it looks to maximize profits amid a global restructuring.

Wed, 14 Nov 2018 18:14:11 EST
Ford 'will figure it out,' retired CEO Mulally says
Despite the headwinds it faces today, including new mobility services that are disrupting the status quo in the auto industry, Ford Motor Co.

Wed, 14 Nov 2018 18:40:09 EST
Ford dealership in S. Calif. faces backlash over 'smoking hot' sales promotion
A Southern California Ford dealership is facing heavy criticism for "smoking hot" promotions on new vehicles launched during what have become the

Wed, 14 Nov 2018 18:16:17 EST
E.U. would strike back at U.S. car tariffs, trade chief warns
The European Union would retaliate against any U.S. decision to impose tariffs on car imports, though the bloc hopes it can avoid such a confrontation, European Trade Commissioner Cecilia Malmstrom said.

Wed, 14 Nov 2018 16:48:37 EST
Uber revenue slows as quarterly loss surges to $1.1 billion
Uber's sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business.

Wed, 14 Nov 2018 16:24:31 EST
Car buyers like texting with their dealerships, study shows
Porsche tops the luxury segment, while the Mini brand ranked highest in the mass-market segment in J.D. Power's latest sales satisfaction study.

Wed, 14 Nov 2018 15:57:11 EST
Analytics firms uses data to help make roads safer near schools
A leading traffic analytics company has compiled a detailed portrait of driver behavior on roads surrounding more than 125,000 schools across the country.

Wed, 14 Nov 2018 13:39:13 EST
Key House Democrat demands changes to new NAFTA deal
President Donald Trump's new trade deal with Canada and Mexico needs changes to win support from Democrats, according to a senior House Democrat in line to influence trade policy in the new Congress.

Wed, 14 Nov 2018 10:55:42 EST
Why the EPA is giving auto dealerships a break on airbag disposal rules
The EPA will waive some hazardous waste regulations for auto dealerships and other businesses disposing of airbags in hopes of ensuring proper disposal of potentially deadly Takata airbag inflators.

Wed, 14 Nov 2018 00:01:00 EST
Aston Martin confirms DBX name for crossover
Aston Martin could create "beautiful dimensions" for the DBX crossover because designers were not limited by using a shared platform when building the car, CEO Andy Palmer said.

Wed, 14 Nov 2018 11:52:03 EST
Karma partners with online car-shopping platform
Karma Automotive, formerly Fisker Automotive, has partnered with Drive Motors, an online car-shopping and financing platform, in an effort to expand its scope despite its small dealership count.

Wed, 14 Nov 2018 06:00:00 EST
Walmart partners with Ford on autonomous vehicles
Ford and Walmart have started a joint pilot to explore how the companies can use self-driving vehicles to deliver groceries and other consumer goods.

Wed, 14 Nov 2018 09:38:54 EST
Can Lime make car-sharing work like its scooters?
Lime, the scooter startup company that has spread bikes and scooters around the country over the last year, will start spreading around Lime-branded cars, too.

Wed, 14 Nov 2018 09:00:00 EST
Redesigned 2020 Kia Soul stays funky for Los Angeles Auto Show
Kia keeps its boxy Soul urban runabout true to its funky inner spirit with the unveiling of the third generation at this month's Los Angeles Auto Show.

Wed, 14 Nov 2018 05:24:40 EST
Why Daimler is opening a second randd center in China
Daimler plans to invest 1.1 billion yuan ($158.23 million) in a second randd center in Beijing to help accelerate localization of Mercedes vehicles in China.

Wed, 14 Nov 2018 06:16:01 EST
Elon Musk's 'Teslaquila' prompts sobering opposition from the tequila industry
Elon Musk and Mexico's tequila producers could be headed for a collision after the drink's industry group opposed the Tesla CEO's efforts to trademark an alcoholic drink dubbed "Teslaquila."

Tue, 13 Nov 2018 09:39:30 EST
BMW expands M3 sedan lineup for 2020 with semi-automated driving features
The 2020 BMW M340i and M340i xDrive sedans offer an array of sensors and technologies to lighten the load of driving, including a semi-automated driving system that allows for hands-free and pedal-free driving.

Tue, 13 Nov 2018 22:26:24 EST
U.S. holds off on car tariffs -- for now
The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, Bloomberg reported.

Tue, 13 Nov 2018 05:05:46 EST
BMW may sell U.S. credit-card business, report says
BMW is one of the last major consumer companies to still own and manage its card portfolio. The automaker has held talks with banks about selling its credit-card portfolio, sources told Bloomberg.

Tue, 13 Nov 2018 10:15:00 EST
Chinese automaker Zotye begins recruiting U.S. dealers, plans to sell budget crossover
China's Zotye Automobile International has begun recruiting U.S. dealers and has charged two import-industry veterans with the task of bringing a budget crossover to America in 2020.

Tue, 13 Nov 2018 22:03:26 EST
California counters Trump administration on emissions regulations
California has countered President Donald Trump's proposed rollback of fuel economy and greenhouse gas requirements for cars and trucks, the acting head of the EPA said.

Tue, 13 Nov 2018 16:09:08 EST
Why Tesla, GM and Nissan are working together
The EV Drive Coalition, which counts Tesla, General Motors and Nissan among its members, formally launched with the goal of getting Congress to extend the $7,500 per-vehicle consumer tax credit.

Tue, 13 Nov 2018 06:00:00 EST
Ford Ranger will offer aftermarket parts through Yakima partnership
Ford is partnering with Yakima and working through its dealers to offer 150 parts and accessories for its new midsize pickup, including bed racks, tow hooks and paddleboard carriers. All parts come with a 3-year/36,000-mile Ford warranty.

Tue, 13 Nov 2018 12:38:04 EST
Ford's 2020 baby Bronco off-roader emerges in photos from dealer meeting
Photos leaked from Ford's annual dealer meeting last month in Las Vegas provide the first public look at the so-called baby Bronco, an upcoming off-road compact crossover.

Tue, 13 Nov 2018 12:25:05 EST
Henry Stanford, co-founder of Michigan's Varsity Automotive Group, dies at 70
Henry Stanford, who co-founded Michigan's Varsity Automotive Group, died on Friday. He was 70.

Tue, 13 Nov 2018 10:36:38 EST
Toyota exec touts ethanol hybrids, laments Brazil economy
Toyota's new ethanol hybrid vehicle being developed in Brazil is exceeding all the manufacturer's expectations, a top executive said.

Tue, 13 Nov 2018 09:06:16 EST
Johnson Controls reaches $13.2 billion deal to sell its auto battery unit
Johnson Controls said it would sell its power solutions business, which makes car batteries, to a Canadian investment firm in a cash deal valued at $13.2 billion.

Tue, 13 Nov 2018 06:33:14 EST
Tesla lawyer leaves following SEC settlement
An experienced securities lawyer has left Tesla just as the company needs one under its fraud settlement with U.S. regulators.

Tue, 13 Nov 2018 05:52:05 EST
Waymo's next big move into robotaxis will launch next month
Waymo is planning to launch the world's first commercial robotaxi service in early December in Phoenix., Bloomberg reported.

Mon, 12 Nov 2018 00:01:00 EST
Toyota's Lentz wields the ax as headquarters demands fatter profits
Toyota's North America CEO Jim Lentz is looking to chop unpopular nameplates from the U.S. lineup as bosses in Japan order him to restore sagging profitability to record levels.

Mon, 12 Nov 2018 00:01:00 EST
Jeep teaser leaks 2020 Wrangler-based pickup debut
We know Jeep is building a Wrangler-inspired pickup -- it's just a matter of what it'll be named, what it will look like and when it will show up. Well, the folks at JeepScrambler Forum answered one of those questions -- the when.

Mon, 12 Nov 2018 12:30:00 EST
Jeep pickup to be called Gladiator, enthusiast website says
We know Jeep is building a Wrangler-inspired pickup -- it's just a matter of what it'll be named, what it will look like and when it will show up. Well, the folks at JeepScrambler Forum answered some of those questions.

Mon, 12 Nov 2018 00:01:00 EST
Plan for your future, or plan to cash out, car dealers told
Presidio Group, a dealership buy-sell advisory firm, recommends that its clients create a conversion plan to serve the future industry or opt to sell their dealerships ahead of predicted dealership disruption from autonomous vehicles.

Mon, 12 Nov 2018 21:15:43 EST
FCA picks Gardner to lead Maserati in North America
Al Gardner, the head of FCA's dealer network in North America, will steer Maserati in the region. Gardner, 54, will report to Jean-Philippe Leloup, who joins Maserati from Ferrari.

Mon, 12 Nov 2018 16:23:39 EST
U.S. car-import probe advances as Trump plans trade team meeting, report says
The White House is circulating a draft report by the U.S. Commerce Department over whether to impose tariffs on automobile imports to protect national security, Bloomberg reported

Mon, 12 Nov 2018 00:01:00 EST
Rivian buys into Normal
Rivian weighed the choices of greenfield, contract manufacturing or a brownfield site. In the end, Mitsubishi's trained work force made the decision easy.

Mon, 12 Nov 2018 14:47:37 EST
Maven to allow non-GM vehicles on sharing platform
Maven plans to open its peer-to-peer car-sharing program to non-General Motors vehicles in mid-2019.

Mon, 12 Nov 2018 12:54:43 EST
Will Canada go its own way on emissions regulations?
Canada could find itself drawn into the tussle over U.S. emissions standards if a review of current regulation leads to their relaxation.

Mon, 12 Nov 2018 00:01:00 EST
Chase Auto unifies marketing, direct lending
Chase Auto has handed responsibility for direct lending to its chief marketing officer, part of an effort to unify its customer-facing business and present services beyond traditional auto lending.

Mon, 12 Nov 2018 12:49:02 EST
Daimler CFO set to become Thyssenkrupp chairman, report says
Thyssenkrupp will propose outgoing Daimler CFO, Bodo Uebber, as a candidate for its supervisory board, with the aim of installing him as chairman, Reuters reported, citing two sources familiar with the matter.

Mon, 12 Nov 2018 12:25:48 EST
World Omni and Lincoln, Mercedes-Benz captives lead in consumer financing satisfaction
Lincoln Automotive Financial Services and Mercedes-Benz Financial Services tied as the highest ranked luxury-brand auto lenders in J.D. Power's 2018 U.S. Consumer Financing Satisfaction Study, while World Omni Financial Corp.

Mon, 12 Nov 2018 08:57:03 EST
U.S. car-tariff truce with Europe may end soon, EU's Juncker signals
European Commission President Jean-Claude Juncker signaled that Europe's avoidance of extra U.S. car tariffs might last only until year-end, the latest sign of fragility in the trans-Atlantic truce.

Mon, 12 Nov 2018 00:01:00 EST
Internal combustion engine keeps improving as EV hype grows
This may be the dawn of the electric vehicle era, but 2018 has been a phenomenal year for the humble internal combustion engine.

Mon, 12 Nov 2018 00:01:00 EST
VW's CEO Herbert Diess says big changes are ahead for automaker, 'big potential' in United States
Herbert Diess has been CEO of Volkswagen Group only since April, yet the 60-year-old former BMW executive now heading one of the world's largest automakers has a clear vision of where he wants to lead his company.

Mon, 12 Nov 2018 00:01:00 EST
New CEO brings tech chops to CDK Global
New CDK Global CEO Brian Krzanich has no experience in the auto industry, but he might just have the tech skills the company needs.

Mon, 12 Nov 2018 00:01:00 EST
Volvo's 'Care' subscription service coping with its success
Volvo's early success with its car subscription plan has put the company in an enviable position as automakers tinker with business models that don't revolve around traditional car ownership.

Mon, 12 Nov 2018 00:01:00 EST
Data helps solve pre-owned sales puzzle
Margin compression in the used-vehicle market has made knowing the intricacies of data more important than ever for dealers.

Mon, 12 Nov 2018 00:01:00 EST
Kia's Han-woo Park says design, quality will push Kia to next level
Han-woo Park says Kia is graduating from its position as a fast follower to being a global leader in such areas as design and quality. The Kia CEO also wants to build up the brand's light-truck lineup.

Mon, 12 Nov 2018 00:01:00 EST
VW CEO Herbert Diess says automaker can help make EVs mainstream
If electric vehicles fail to catch on globally over the next several years, it won't be because Volkswagen didn't try, CEO Herbert Diess says.

Mon, 12 Nov 2018 00:01:00 EST
Former NFL players' auto dealerships lose franchises
A once-prospering dealership group has lost franchises at two of its dealerships in Pennsylvania, while two Michigan dealerships have closed.

Mon, 12 Nov 2018 00:01:00 EST
Pennsylvania congressional race another tough job for Boerio
Former Jaguar chief Bibiana Boerio knew the Pennsylvania congressional seat would be a tough job. It was. She lost 58 percent to 42 percent to Republican Guy Reschenthaler.

Mon, 12 Nov 2018 00:01:00 EST
GM's revived credit business helps finance its future
GM Financial is expected to serve as a fount of profits for General Motors to fund investments in emerging technologies.

Mon, 12 Nov 2018 00:01:00 EST
Findlay Honda creates comfort zone for customers
Finance directors have different ways of approaching customer interviews. Relying on the sales team works for some, while others want more independence.

Mon, 12 Nov 2018 00:01:00 EST
NAAA boosts effort to recruit more technicians for auto auction industry
The National Auto Auction Association is spending $125,000 on two initiatives to help members find and hire more technicians.

Mon, 12 Nov 2018 00:01:00 EST
Export scams and schemes create enforcement morass
The challenge for law enforcement is separating legitimate shipments from illegal ones in the murky area between criminal fraud and breach of private contracts.

Mon, 12 Nov 2018 00:01:00 EST
VW CEO Diess on FCA's attentions
VW CEO Herbert Diess, in a recent interview with Automotive News, said the company was "not very agressive in listening" to the aggressive advances of FCA, which was interested in a possible consolidation.

Mon, 12 Nov 2018 00:01:00 EST
GM's electric bike business is old hat, er, helmet
General Motors' announcement that it plans to market a line of electric bikes marks a return to an industry where the company was once a major player.

Mon, 12 Nov 2018 00:01:00 EST
Subaru quality problems extend to U.S.
Subaru has been dogged by rising quality problems in Japan. The lapses are now bleeding into the all-important U.S., and global President Tomomi Nakamura isn't happy.

Mon, 12 Nov 2018 00:01:00 EST
Carvana expansion not impeded by wider losses
Carvana Co.'s aggressive growth shows no sign of slowing: The online used-car retailer continues to charge into new markets on the strength of investor backing and improving vehicle sales and gross profit. Net profit, however, remains elusive.

Mon, 12 Nov 2018 00:01:00 EST
Next Mazda3 takes mild hybrid approach
Mazda pulls the curtains on its next-generation Mazda3 small car at this month's Los Angeles Auto Show, kicking off a new era of performance-oriented vehicle platforms and Skyactiv-X drivetrains.

Mon, 12 Nov 2018 00:01:00 EST
New vehicle inventories make sharp jump in October
U.S. new-vehicle inventories rose sharply last month, reaching the highest level for the start of November since 2014.

Mon, 12 Nov 2018 00:01:00 EST
Carter Myers Automotive prioritizes female service advisers
At Carter Myers Automotive, 18 of 40 service advisers #8212; 45 percent #8212; are women. That puts the retailer well beyond its peers, and the dealership group is reaping benefits in parts-and-service sales and customer outreach.

Sun, 11 Nov 2018 03:34:20 EST
Ford signals more willingness to partner on driverless cars
Ford is open to working with foreign rivals to expand self-driving services internationally, the Financial Times reported.

Sun, 11 Nov 2018 00:01:00 EST
VW CEO Herbert Diess says automaker has put most of its diesel emissions scandal in the past
CEO Herbert Diess says that, thanks in part to a global strategy shift to electric vehicles and efforts to clean up its own house after spending more than $30 billion to make things right, VW has put "most" of the diesel scandal in the past.

Sun, 11 Nov 2018 00:01:00 EST
Election could bring more gridlock, tariffs
Auto industry stakeholders looking forward to some postelection progress on legislation and an end to the Trump administration's tariff volleys should probably expect the opposite.

Sun, 11 Nov 2018 08:19:56 EST
Mercedes returns to roster of Super Bowl advertisers
Mercedes-Benz #8212; whose name adorns the Atlanta stadium where Super Bowl LIII will be played #8212; is returning to the game as an advertiser after sitting out the NFL's championship showdown in 2018.

Sun, 11 Nov 2018 00:01:00 EST
GM's Maven ponders lawnmowers, UFOs as it seeks to diversify beyond cars and trucks
Maven's current "car sharing marketplace" is the first product in a potential line of shared products for the emerging consumer platform.

Sun, 11 Nov 2018 00:01:00 EST
Hyundai CEO Wonhee Lee says brand is playing crossover catchup, with an eye on a pickup
Wonhee Lee is pushing Hyundai Motor Co. to introduce a full lineup of crossovers, roll out more electrified vehicles with next-generation batteries, and possibly even offer a pickup.

Sat, 10 Nov 2018 00:01:00 EST
Dealers want sales and data skills in used-car managers
Data is increasingly king in used-car sales, but there is still a place for auction-hardened experience, dealers say.

Sat, 10 Nov 2018 00:01:00 EST
Subaru Executive VP Tom Easterday to retire December 31
Tom Easterday, Subaru of Indiana Automotive's executive vice president, has worked at Subaru Corp.'s lone manufacturing plant outside of Japan from its beginning, but after a nearly 30-year career, he'll retire on Dec. 31.

Sat, 10 Nov 2018 00:01:00 EST
Hyundai sharpens social media tools to target buyers for 2018 Sonata
For a video campaign to promote the 2018 Sonata, Hyundai couldn't go in with a goal of reaching broad groups like millennials. It had to go hunting specifically for in-market sedan buyers, a pool that becomes shallower by the year.

Sat, 10 Nov 2018 00:01:00 EST
Toledo spurs hometown industrial resurgence
Toledo's port authority is using spec building to stimulate the city's historic automotive manufacturing presence.

Fri, 9 Nov 2018 11:56:12 EST
VW may invest in Ford-backed Argo as alliance talks advance
The two automakers are nearing a framework agreement to join forces on electric and self-driving vehicles #8212; capital-intensive areas that are reshaping the auto industry and straining carmakers' finances across the globe #8212; people familiar...

Fri, 9 Nov 2018 15:05:07 EST
Adient suspends cash dividend after $1.35B loss in fiscal Q4
Automotive seat maker Adient, which has struggled to maintain consistent profitability since its spinoff from Johnson Controls in 2016, suspended its dividend as it reported a quarterly net loss of $1.35 billion.

Fri, 9 Nov 2018 06:41:41 EST
The 'rational' businesswoman picked to temper Tesla's mercurial CEO
In picking Robyn Denholm to keep Elon Musk in check, Tesla's board is going with a numbers-first executive who climbed up the ranks of multinationals' finance departments.

Fri, 9 Nov 2018 05:28:44 EST
Fiat Chrysler should mull selling Europe business, spin off Maserati, Alfa, investor says
Fiat Chrysler's board is being urged by a small investor to consider selling its European business and eventually spinning off the Maserati and Alfa brands to focus on more profitable U.S. brands.

Fri, 9 Nov 2018 04:35:19 EST
VW, Daimler agree to pay for diesel retrofits in Germany
Volkswagen and Daimler have agreed to spend up to 3,000 euros ($3,430) per vehicle to offer hardware retrofits to clean up older diesel vehicles at their own cost, but rival BMW still refuses to do so, Germany's transport minister said.

Fri, 9 Nov 2018 07:04:20 EST
For Ford, echos of 2005 as debt, outlook weigh on investors
Ford's debt is trading like it's speculative grade as investors worry about how higher steel tariffs and slowing sales will weigh on the automaker's profits and credit rating.

Fri, 9 Nov 2018 11:56:03 EST
Subaru recalls nearly 229,000 Legacy, Outback models for gas gauge glitch
Subaru is recalling close to 229,000 vehicles for an inaccurate fuel display, the second recall the automaker has made this month.

Fri, 9 Nov 2018 11:59:20 EST
CarGurus shares customer shopping data with other vendors
CarGurus, an online automotive marketplace for consumers, is now allowing third-party vendors access to data about how customers are using the shopping platform.

Thu, 8 Nov 2018 16:00:00 EST
Hyundai Palisade 3-row crossover set for L.A. debut
Hyundai will unveil the Palisade crossover, its big-bodied, three-row answer to the Ford Explorer, Toyota Highlander and Chevrolet Traverse, at this month's Los Angeles Auto Show.

Thu, 8 Nov 2018 17:38:23 EST
White House, California to meet over emissions rules
California clean air regulators will hold talks on Tuesday with their federal counterparts and the White House over Trump administration efforts to stop Sacramento from adopting tighter vehicle emissions rules than Washington.

Thu, 8 Nov 2018 14:54:46 EST
VW still faces a 'lot of work' after diesel violations, compliance auditor says
Volkswagen and an independent monitoring team still have "a lot of work to do" before the company's compliance procedures can be certified after a $27 billion global emissions cheating scandal, an independent auditor said.

Thu, 8 Nov 2018 18:01:29 EST
Brazil approves tax breaks for Ford, Fiat, other automakers
Brazilian President Michel Temer signed into law hundreds of millions of dollars in incentives for automakers such as GM and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol.

Thu, 8 Nov 2018 14:35:00 EST
Volvo, citing U.S.-China trade dispute, shuffles production plans
Volvo canceled plans to export S60 sedans from its first U.S. plant to China, just months after starting output. Volvo also will stop importing XC60 SUVs and dramatically reduce shipments of S90 sedans from China to the U.S.

Thu, 8 Nov 2018 15:18:47 EST
VW plans $21,000 electric crossover to challenge Tesla, report says
Volkswagen plans to add a subcompact crossover priced at about $21,000 to its all-electric I.D.

Thu, 8 Nov 2018 06:52:44 EST
Who is Tesla's new chairman, Robyn Denholm?
Denholm, 55, one of two women on Tesla's nine-member board, has been CFO and head of strategy at Telstra Corp., Australia's former phone monopoly, since only Oct. 1 after 18 months as chief operations officer.

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

Wed, 14 Nov 2018 08:23:40 PST
Remember: Leasing Is Also Regulated
A Florida case proves that regulations pertaining to lease deals require just as much compliance acumen as cash or finance.

Wed, 14 Nov 2018 08:00:16 PST
AutoLoop Wins Tampa Bay Workplace Award
Tampa Bay Tech named AutoLoop the winner of its 2018 Workplace Culture Program of the Year award.

Wed, 14 Nov 2018 07:35:04 PST
Tariffs on Hold as Trump Weighs National Security Impact
An anonymous source told Bloomberg that no new tariffs on foreign-made vehicles will be announced until after a Commerce Department report is finalized in February.

Contacts

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

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