Great Wall will invest in Daimler-funded hydrogen station company

Great Wall will invest in Daimler-funded hydrogen station company https://ift.tt/2yGpavW Great Wall signed a memorandum of understanding to invest in H2 Mobility, a German operator of hydrogen fueling stations. The company is a joint venture between six European companies, including Daimler.

Mazda slumps to operating loss amid falling sales, rising costs

Mazda slumps to operating loss amid falling sales, rising costs https://ift.tt/2OZhf79 slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.

Mazda slumps to operating loss amid falling sales, rising costs

Mazda slumps to operating loss amid falling sales, rising costs https://ift.tt/2CSyfV5 slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.

Mazda slumps to quarterly loss amid falling sales, rising costs

Mazda slumps to quarterly loss amid falling sales, rising costs https://ift.tt/2qj5GZp slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and spiraling costs for increased investment in its U.S. retail network reforms.

Mazda slumps to quarterly loss amid falling sales, rising costs

Mazda slumps to quarterly loss amid falling sales, rising costs https://ift.tt/2Q9DnIk slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and spiraling costs for increased investment in its U.S. retail network reforms.

Honda profit surges 40% on more profitable mix, cost cuts

Honda profit surges 40% on more profitable mix, cost cuts https://ift.tt/2Pu3QDu more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

U.S. auto sales to drop in October

U.S. auto sales to drop in October https://ift.tt/2OVk0pM. light-vehicle sales are expected to dip to the lowest level for October since 2014, forecasters say, as automakers dial back on deals and the cost to buy a new car or truck keeps rising. The SAAR is expected to remain strong and top 17 million.

AutoNation increases net income 15%, invests in online retailer Vroom

AutoNation increases net income 15%, invests in online retailer Vroom https://ift.tt/2Pt8di8 third-quarter net income rose on gains in the company's parts and service, used-vehicle and FandI businesses. The dealership group also announced a strategic investment in online used-car retailer Vroom.

Japan's Sumitomo launches car-sharing service in Stockholm

Japan's Sumitomo launches car-sharing service in Stockholm https://ift.tt/2zfPyMr and BMW have both seen their car-sharing ambitions crushed in Stockholm, a city that is seen as one of the toughest markets in the world.

BMW, German dealers at odds over incentives

BMW, German dealers at odds over incentives https://ift.tt/2Stnfmx has taken a different approach from Volkswagen when it comes to digital business models, frustrating some European dealers who say the automaker should offer them more financial incentives.

Bentley warns no-deal Brexit would hit profitability, investment

Bentley warns no-deal Brexit would hit profitability, investment https://ift.tt/2Q6ieyA CEO Adrian Hallmark said a failure to reach a Brexit deal would be damaging to the company's annual profit and in a worst-case scenario could limit the brand's ability to invest, and lead to its UK plant closing for a few extra days.

Honda profit surges 40% on more profitable mix and cost cutting

Honda profit surges 40% on more profitable mix and cost cutting https://ift.tt/2AAifFD reported a 40 percent surge in operating profit in the most recent quarter as a more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

Honda profit surges 40% on more profitable mix and cost cutting

Honda profit surges 40% on more profitable mix and cost cutting https://ift.tt/2EOzRSk reported a 40 percent surge in operating profit in the most recent quarter as a more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

China mulls stimulus as light-vehicle sales fall

China mulls stimulus as light-vehicle sales fall https://ift.tt/2yE2xs2 is considering a tax cut on car sales to revive its flagging automotive market, lending support to a key industry that's been damaged by an ongoing trade war with the U.S.

Autoliv cuts full-year sales outlook as slowing China, Europe weighs

Autoliv cuts full-year sales outlook as slowing China, Europe weighs https://ift.tt/2OW6wtP Autoliv cut its full-year organic sales growth forecast, citing lower demand in China and the impact of tougher emission tests on car production in Europe.

VW rewrites the rules in new European retail agreement, allows more revenue-sharing

VW rewrites the rules in new European retail agreement, allows more revenue-sharing https://ift.tt/2OeLkdw deal with its European retailers #8212; a potential framework for upcoming negotiations in the U.S.

J.D. Power Marketing Roundtable focuses on tech

J.D. Power Marketing Roundtable focuses on tech https://ift.tt/2yGjK3O marketers shared their insights at the J.D. Power marketing event, where they discussed everything from subscription services to the use of bots to sell cars.

BMW, German dealers at odds over incentives

BMW, German dealers at odds over incentives https://ift.tt/2OciCKo has taken a different approach from Volkswagen when it comes to digital business models, frustrating some European dealers who say the automaker should offer them more financial incentives.

'17, '18 hurricanes reflected in retailers' earnings

'17, '18 hurricanes reflected in retailers' earnings https://ift.tt/2yDsdVm effects of hurricanes both this year and in 2017 were felt by some public retailers who reported earnings results last week.

Public auto dealer groups buoyed by e-commerce initiatives

Public auto dealer groups buoyed by e-commerce initiatives https://ift.tt/2Oavrox retailers that reported third-quarter earnings last week said they are bolstering their e-commerce efforts to better accommodate the growing number of vehicle buyers who want to shop online.

Concierges to help auction giant Manheim with sales ap

Concierges to help auction giant Manheim with sales ap https://ift.tt/2yEapK2 Express is being touted as a logical evolution in digital wholesaling. But some high-volume dealers could use a little help.

Conn. dealership group teaches cyber security

Conn. dealership group teaches cyber security https://ift.tt/2OdnuyN online phishing simulation at a Connecticut dealership group reveals a disconcerting result: A fair number of employees aren't as wary as they should be about emails -- especially if those emails look authentic.

Industry already has solutions to affordability problem

Industry already has solutions to affordability problem https://ift.tt/2yCJcHw automakers and dealers, the industry has created a sustainable ecosystem to segment the market, preserve consumer choice and still share the profits equitably.

Youth Automotive Training Center gives at-risk youth a 2nd chance

Youth Automotive Training Center gives at-risk youth a 2nd chance https://ift.tt/2OeL0eO Moran created the Youth Automotive Training Center in 1984, the retail industry giant wanted a program that would not only enable at-risk youth to pursue service technician positions -- he wanted to give those students a second chance at...

JM Family CEO: Market slowdown means working harder

JM Family CEO: Market slowdown means working harder https://ift.tt/2yDsibC Burns, CEO of JM Family Enterprises, talks about the magnitude of the responsibility of running an enterprise founded by the legendary Jim Moran.

50 years of JM Family Enterprises

50 years of JM Family Enterprises https://ift.tt/2OeLcuy a look back at important years and events from JM Family Enterprises' history.

Asbury puts store expansion on its to-do list

Asbury puts store expansion on its to-do list https://ift.tt/2yD0WCL Automotive executives said the group is interested in entering new markets as well as acquiring "tuck-in" stores, generally described as one or two stores that help round out a retailer's presence in an existing market.

Judge rejects challenge to GM's surcharge

Judge rejects challenge to GM's surcharge https://ift.tt/2OeLamq federal judge in Milwaukee has shot down a challenge to a General Motors plan to impose a surcharge on all new vehicles sold to Wisconsin dealerships that opt for higher-than-contractual reimbursement rates for warranty labor and parts.

Rising vehicle prices tighten pre-owned inventory

Rising vehicle prices tighten pre-owned inventory https://ift.tt/2qb7GmG Automotive predicts rising vehicle prices will lead to fewer pre-owned cars and trucks for dealers.

GM, Ford turning to reward programs to boost customer loyalty

GM, Ford turning to reward programs to boost customer loyalty https://ift.tt/2PZOHql U.S. auto sales slow, some automakers are increasing efforts to retain current customers rather than conquesting new ones.

India's electric rickshaw revolution tops China's EV push

India's electric rickshaw revolution tops China's EV push https://ift.tt/2yx3n9K is home to about 1.5 million electric rickshaws, a fleet bigger than the total number of electric passenger cars sold in China since 2011, and one that has grown without China's significant subsidies.

Lynk and CO 'gears' up for U.S.

Lynk and CO 'gears' up for U.S. https://ift.tt/2OaJWsr of selling cars at first, the Lynk and CO joint venture between Volvo and Chinese automotive giant Geely first wants to crack the U.S. market by selling other merchandise.

Renault names veteran exec to head new sales and regions unit

Renault names veteran exec to head new sales and regions unit https://ift.tt/2CGYyxp has appointed Olivier Murguet to the newly created post of executive vice president, sales and regions.

Autoliv cuts FY sales outlook as slowing China, Europe weighs

Autoliv cuts FY sales outlook as slowing China, Europe weighs https://ift.tt/2z8QtOW Autoliv cut its full-year organic sales growth forecast, citing lower demand in China and the impact of tougher emission tests on car production in Europe.

SKF upbeat on demand in face of slowdown fears

SKF upbeat on demand in face of slowdown fears https://ift.tt/2EUgKXo grew sales faster than expected in the third quarter as the Swedish supplier forecast slightly higher demand in the final months of 2018, despite falling car sales in China and Europe and big automakers such as Daimler and BMW issuing profit...

Volvo hits a speed bump in the third quarter

Volvo hits a speed bump in the third quarter https://ift.tt/2D5RRpU said operating income fell 50 percent in the last quarter, as the company was hit by costs from product launches and the impact of higher tariffs.

Volvo's quarterly income drops 50% on higher tariffs, launch costs

Volvo's quarterly income drops 50% on higher tariffs, launch costs https://ift.tt/2qcCOC5 said operating income fell 50 percent to 1.84 billion Swedish crowns ($201.5 million) in the last quarter, as the company was hit by costs from product launches and the impact of higher tariffs.

Why Penske Automotive generated record Q3 earnings

Why Penske Automotive generated record Q3 earnings https://ift.tt/2JgPfFR Automotive's third-quarter earnings set records, aided by increases in overall sales, plus higher gross profits in most parts of its retail automotive business.

Hyundai quarterly profit drops on U.S. recall costs

Hyundai quarterly profit drops on U.S. recall costs https://ift.tt/2Jf1S4j Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.

Hyundai quarterly profit drops on U.S. recall costs

Hyundai quarterly profit drops on U.S. recall costs https://ift.tt/2PkHx2L Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.

Hyundai quarterly profit drops two thirds on U.S. recall costs

Hyundai quarterly profit drops two thirds on U.S. recall costs https://ift.tt/2AqZ80Y Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.

Tesla targets VW, BMW as Model 3 heads for Europe

Tesla targets VW, BMW as Model 3 heads for Europe https://ift.tt/2CBPXMB says its Model 3 will go on sale in Europe early next year, and CEO Elon Musk is expecting the electric car to compete with big sellers such as the BMW 3 series and VW Golf.

Lithia boosts Q3 net income, revenue as it cuts underperforming stores

Lithia boosts Q3 net income, revenue as it cuts underperforming stores https://ift.tt/2PRypjb reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

Lithia boosts Q3 net income, revenue as it sells off stores

Lithia boosts Q3 net income, revenue as it sells off stores https://ift.tt/2JgcEaz reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

Affordability issues call for creativity in the FandI office

Affordability issues call for creativity in the FandI office https://ift.tt/2PP58FX managers, especially those who haven't experienced a downturn, may have to step up their game in the coming months.

Dealers use app to help customers save on auto insurance

Dealers use app to help customers save on auto insurance https://ift.tt/2D37tuk dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

Offering competitive auto insurance from the store helps dealers cut customer costs

Offering competitive auto insurance from the store helps dealers cut customer costs https://ift.tt/2SfxwTa dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

Why Dyson picked Singapore to build its EV

Why Dyson picked Singapore to build its EV https://ift.tt/2z41Xmu Dyson announced its plan to build an electric car plant in Singapore it said its decision was based on supply chains, access to markets and the availability of expertise. There could be other reasons too.

BMW tops Mercedes in China for first time this year

BMW tops Mercedes in China for first time this year https://ift.tt/2JhF9Vi brand outsold Mercedes in China for the first time this year in September, while Audi remained the No. 1 luxury brand for the third month.

Why GM is expanding Maven's peer-to-peer car-sharing program

Why GM is expanding Maven's peer-to-peer car-sharing program https://ift.tt/2R9rhyT Motors plans to expand its Maven peer-to-peer car sharing initiative to 10 cities by the end of the year.