Monday, July 31, 2017
Does Lynk and CO sound like Lincoln? Ford thinks so http://ift.tt/2f1cEQo is challenging Geely Holding Group's trademark application for its new Lynk and CO brand, alleging the name sounds too similar to its Lincoln Motor Co. luxury brand.
Tesla Model 3 buzz belies U.S. market barely getting a lift from EVs http://ift.tt/2vaOmtY all the excitement Tesla mustered by starting to deliver its cheaper Model 3, the tall order ahead will be to pull off what no electric car has done to date -- move the needle on the auto market.
Sunday, July 30, 2017
Steering Enterprise's massive fleet is no easy feat http://ift.tt/2va8yMy 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.
Uncertainty grips rental-car agencies http://ift.tt/2va8M6h immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.
Certified deliveries http://ift.tt/2v9Uwdz sold 1.34 million units through the first 6 months of the year, a gain of 1.2% from the same point a year earlier. The rise comes despite 3 of the 4 largest automakers by certified pre-owned sales reporting declines in sales.
Experts see challenges, but no crisis in used-car market http://ift.tt/2va3bg9 retention values are down; subprime auto loan delinquencies up. Yet most analysts say the used market will weather this downturn better than last time.
Friday, July 28, 2017
July U.S. sales expected to fall for 7th straight month http://ift.tt/2u5G55Q. auto sales are forecast to fall for a seventh straight month in July from 2016's record pace despite continued high incentives from manufacturers.
Wells Fargo charged car loan customers for unwanted insurance, will refund $80 million http://ift.tt/2eTO43Z Fargo disclosed that it may have pushed thousands of car buyers into loan defaults by charging them for unwanted insurance. The firm said it may pay as much as $80 million to affected clients.
Musk risks missing the mainstream if Model 3 strays from $35,000 http://ift.tt/2h8Pmsr's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach.
Wells Fargo to refund $80 million to car loan customers http://ift.tt/2h8GIKz Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance.
Big U.S. auto discounts are bane to Asian automakers' profits http://ift.tt/2v5LOwO carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits.
Thursday, July 27, 2017
U.S. upgrades probe into 1.33 million Ford Explorers over exhaust odors http://ift.tt/2tHXIcG is upgrading a probe into 1.33 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide that may be linked to crashes and injuries.
FCA Q2 operating profit rises 15% http://ift.tt/2v0TmRR Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati.
First Shift: FCA, UAW respond to conspiracy probe http://ift.tt/2tFEdRW to cooperate with feds on conspiracy probe; UAW chief 'appalled'; Profits rise at FCA, VW, drop at Nissan; Toyota Mirai's East Coast hang-up; Ford marks truck centennial.
Nissan posts 13% drop in Q1 profit on higher expenses, incentives http://ift.tt/2uAlbPC posted a 13 percent drop in quarterly operating profit, as a rise in marketing and selling expenses, including incentives, offset a rise in global vehicle sales.
Wednesday, July 26, 2017
For GM and Ford, home is where the profits are http://ift.tt/2vKWFtK America is increasingly where the earnings are for Detroit's biggest automakers. But that's a source of heartburn as U.S. sales stall after seven straight years of growth.
German conservative calls for phase-out of gasoline and diesel cars http://ift.tt/2uYKoE0 should soon start phasing out gasoline and diesel cars, a member of Chancellor Angela Merkel's Christian Democrats said as Britain announced it would ban the sale of fossil-fuel cars starting in 2040.
Tuesday, July 25, 2017
Subaru sets modest price hike for '18 Impreza http://ift.tt/2uul1JP's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model.
Tesla Model S regains top safety rating with software update, Consumer Reports says http://ift.tt/2vXAUpM provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds.
Like it or not, signs signal change for auto retail http://ift.tt/2vXddxR dealers need to prepare for a new way of selling as consumers may not desire car ownership in the future.
Tesla buyers antsy for Model 3 keys months after $1,000 deposit http://ift.tt/2ut8KVM of Tesla Model 3 reservation holders are in limbo, with deposits paid but little clarity about the status of their car -- when they'll get it or what they'll pay.
Monday, July 24, 2017
Toyota's hydrogen holdup means East Coasters miss out on Mirai http://ift.tt/2upN3WM, off to a slow start selling its car of the future on one U.S. coast, is struggling even to get started on the other.
Sunday, July 23, 2017
Chevy Impala at risk as large sedans shrink into oblivion http://ift.tt/2tCyAIk Chevy Impala #8212; one of GM's longest-running and most-recognized names, a car that logged more than 1 million U.S. sales in 1965 #8212; appears unlikely to survive much longer.
Crossovers and SUVs fatten profit margins http://ift.tt/2tSSutK segments from subcompact to full-size, average transaction prices for SUVs and crossovers in the first half of 2017 ran well higher than similar-size sedans and hatchbacks, an analysis of Kelley Blue Book data shows.
Mercedes unveils its take on classic pickup http://ift.tt/2tT4A65 X class, Mercedes' first pickup, will hit dealerships in Germany starting in November and will then be rolled out to South Africa, Australia and New Zealand in 2018 and Latin America the following year. There are no plans for the U.S.
Opel defends inclusion of employee leases in sales data http://ift.tt/2vMYgOT defended the inclusion in its sales data of cars pre-registered by the company and leased by company workers, retirees and their families.
Saturday, July 22, 2017
Private-equity firm GPB Capital thrives under the radar http://ift.tt/2vMzSgd Capital, a private-equity group, has quietly grown to 66 dealerships. Now they're ready to start talking about who they are and how they operate.
Friday, July 21, 2017
GM puts the brakes on portions of headquarters project http://ift.tt/2twZjpo has mothballed plans for one of the more eye-catching portions of its 120,000-square-foot addition and renovation of its world headquarters, the Renaissance Center in downtown Detroit.
Thursday, July 20, 2017
UAW, GM 'talking' about impact of slumping car sales on U.S. jobs http://ift.tt/2tLq30H president of the UAW expressed concern about the impact of weak U.S. car sales at GM on auto plants and jobs.
UAW 'talking' to GM about impact of car sales slump on U.S. jobs http://ift.tt/2vofra7 president of the UAW expressed concern about the impact of slumping U.S. car sales at General Motors on auto plants and jobs.
First Shift: Volvo to invest in sibling Lynk and CO http://ift.tt/2udFLFq to invest in sibling Lynk and CO; Audi in hot water over ad; Judge allows VW bondholder suit to proceed; NAFTA talks to begin mid-August; Next Nissan Leaf to sport 'e-Pedal.'
Chrysler will only tout minivan's electric plug in California http://ift.tt/2ubwzzV Chrysler has taken a curious approach to marketing the only minivan in the U.S. that can run on a rechargeable battery: just call the Pacifica model a hybrid, and leave out the plug-in part.
Wednesday, July 19, 2017
BMW moves deeper into Silicon Valley with Shift investment http://ift.tt/2uAtaNs's venture capital fund poured $38 million in a Silicon Valley online used-car startup focused on younger buyers, the company said Wednesday.