Tuesday 31 October 2017

Kia spolights access to Malaria treatment

Kia Motors aims to improve mobility and access to healthcare in a new ad titled, 'A Brighter Future for Everyone.'

source http://www.autonews.com/article/20171101/VIRALVIDEO/311019999/kia-spolights-access-to-malaria-treatment

Spied: Cadillac XT4 sheds heavy camouflage during highway testing

The crossover features an all-new taillight design as well as a steeper, more angular rear #8212; in line with comments made by Cadillac President Johan de Nysschen about the new vehicle's design.

source http://www.autonews.com/article/20171031/OEM03/171039930/cadillac-xt4-ohio

Waymo offers glimpse inside self-driving lab

Google's self-driving car unit opened the doors to Castle #8212; its private testing facility in California #8212; to reporters, showing what progress it has made toward Level 4 autonomy.

source http://www.autonews.com/article/20171031/MOBILITY/171039940/waymo-offers-glimpse-inside-self-driving-lab

CDK's Flynn named president; Karp to leave software giant

Daniel Flynn will replace Robert Karp as president of CDK North America in a move that continues a leadership overhaul of the dealership management system provider.

source http://www.autonews.com/article/20171031/RETAIL/171039932/cdks-flynn-named-president-karp-to-leave-software-giant

First Shift: Krafcik: Waymo 'really close' to driverless

Krafcik: Waymo 'really close' to driverless; Another BMW engineer heads to Hyundai; End to Hyundai's China woes?; GM downgraded; Analyst bearish on Tesla; Snyder on sales booms and big balloons.

source http://www.autonews.com/article/20171031/VIDEO/310319967/first-shift-krafcik-waymo-really-close-to-driverless

Waymo ditched autopilot feature after test user napped behind wheel

Waymo stopped developing features that required drivers to take control in dangerous situations, its CEO said, as autopilot reliance left users prone to distractions and ill-prepared to maneuver.

source http://www.autonews.com/article/20171031/MOBILITY/171039936/waymo-ditched-autopilot-feature-after-test-user-napped-behind-wheel

VW brand lifts profit outlook on cost cuts, new models

VW Group expects profit and sales at its VW brand to keep growing in the fourth quarter after core earnings doubled in the three months ended Sept. 30.

source http://europe.autonews.com/article/20171030/ANE/171039958/vw-brand-lifts-profit-outlook-on-cost-cuts-new-models

Nissan bullish about Europe, Russia

Nissan is bullish about how the automaker will perform in Europe for the rest of 2017 and for 2018 because of the roll out of the updated Leaf, new Micra and semi-autonomous driving technology.

source http://europe.autonews.com/article/20171031/ANE/171029815/nissan-bullish-about-europe-russia

Waymo offers glimpse into its self-driving lab

Google's self-driving car unit opened the doors to Castle #8212; its private testing facility in California #8212; to reporters, showing what progress it has made toward Level 4 autonomy.

source http://www.autonews.com/article/20171031/MOBILITY/171039940/waymo-offers-glimpse-into-its-self-driving-lab

Monday 30 October 2017

VW brand lifts Q4 profit outlook on cost cuts, new models

VW Group expects profit and sales at its VW brand to keep growing in the fourth quarter after core earnings doubled in the three months ended Sept. 30.

source http://europe.autonews.com/article/20171030/ANE/171039958/vw-brand-lifts-q4-profit-outlook-on-cost-cuts-new-models

VW brand eyes higher Q4 profit on cost cuts, new models

VW Group said fourth-quarter profit and sales at its VW brand may keep growing on cost cuts and demand for new models. By contrast, Audi said it expects a challenging final quarter as costs for upcoming model launches weigh on results.

source http://europe.autonews.com/article/20171030/ANE/171039958/vw-brand-eyes-higher-q4-profit-on-cost-cuts-new-models

VW brand eyes Q4 profit, sales growth on cost cuts, new models

Volkswagen Group said fourth-quarter profit and sales at its VW brand may keep growing on cost cuts and demand for new models, after core earnings doubled in the July-to-September period.

source http://europe.autonews.com/article/20171030/ANE/171039958/vw-brand-eyes-q4-profit-sales-growth-on-cost-cuts-new-models

Sunday 29 October 2017

GM sets 'high expectations' for Buick's Avenir subbrand

General Motors is counting on Buick's new Avenir subbrand to bolster its retail performance as Denali has for GMC.

source http://www.autonews.com/article/20171030/RETAIL01/171039964/buick-enclave-avenir-gmc-denali

BMW's X2: Conquests at the lower end?

The new X2 crossover gives BMW another tool to expand sales and conquest new buyers.

source http://www.autonews.com/article/20171030/RETAIL01/171039966/bmw-s-x2-conquests-at-the-lower-end

Double shot of Ram in '18 could strike Silverado

By building the current-generation Ram 1500 alongside the new one that debuts next year, the FCA brand could catch Chevy's Silverado.

source http://www.autonews.com/article/20171030/RETAIL01/171039973/double-shot-of-ram-in-18-could-strike-silverado

Marketing the self-driving car

Let's introduce something that no one wants, no one is willing to pay for and, on top of that, may not be perceived as being safe.

source http://www.autonews.com/article/20171030/RETAIL03/171039987/marketing-the-self-driving-car

Scott Painter's startup Fair gets nearly $1 billion lift

A startup trying to create a new channel for selling used vehicles just got almost $1 billion -- and a de facto endorsement from two major industry players.

source http://www.autonews.com/article/20171030/RETAIL04/171039992/scott-painters-startup-gets-big-lift

Storm-driven demand expected to fade soon

Used-vehicle buyers replacing rides lost in Hurricanes Harvey and Irma are boosting prices and trimming supplies, but the end of the storm surge is in sight.

source http://www.autonews.com/article/20171030/RETAIL04/171039993/storm-driven-demand-expected-to-fade

Tracking software stays on top of loaners

Denver's McDonald Automotive Group has turned to a new software package to run its service-loaner fleet more efficiently and profitably.

source http://www.autonews.com/article/20171030/RETAIL07/171039997/mcdonald-automotive-loaner-tracking-software

Saturday 28 October 2017

Friday 27 October 2017

Used-car fraud ring targets automated payoff systems

Dealers and lenders are getting stung by a new type of used-vehicle sales fraud that takes advantage of banks' automated payoff systems.

source http://www.autonews.com/article/20171028/RETAIL04/171039994/used-car-fraud-ring-targets-payment

When your 'self-driving car' isn't autonomous

We critique a New York Times columnist, Tesla's fans are angry and more from this week in mobility.

source http://www.autonews.com/article/20171027/MOBILITY/310279888/when-your-self-driving-car-isnt-autonomous

Tesla opens free-standing gallery in suburban Detroit mall

Tesla opened a standalone gallery in at the Somerset Collection in suburban Detroit -- right next to an Apple store.

source http://www.autonews.com/article/20171027/RETAIL/171029755/tesla-opens-gallery-somerset-collection-troy-michigan

DealerSocket CEO puts focus on customers

In this QandA, DealerSocket's new CEO talks about goals, online retailing and the possibility of offering a dealership management system for franchised dealerships.

source http://www.autonews.com/article/20171027/RETAIL/171029763/dealersocket-ceo-qa-retail-dealers

DealerSocket CEO puts focus on customers

In this QandA, DealerSocket's new CEO talks about goals, online retailing and the possibility of offering a dealership management system for franchised dealerships.

source http://www.autonews.com/article/20171027/RETAIL/171029763/dealersocket-ceo-puts-focus-on-customers

Thursday 26 October 2017

AutoNews Now: Ford's Hackett tight-lipped on strategy

Ford's Hackett tight-lipped on strategy; UAW files charges after Tesla firings; BMW offers X2 glimpse, puts ad agency under review; Waymo to test in Mich.; Plus for the Lexus LS.

source http://www.autonews.com/article/20171026/VIDEO/310269966/autonews-now-fords-hackett-tight-lipped-on-strategy

Group 1 Q3 net falls as storm overwhelms strong performance; shares rise

Group 1's third-quarter net income fell 16 percent due to Hurricane Harvey's impact, despite a strong operational showing in the U.S. and in its overseas markets.

source http://www.autonews.com/article/20171026/RETAIL/171029798/group-1-q3-net-falls-as-storm-overwhelms-strong-performance-shares

U.S. sales projected to slip in October, despite strong post-hurricane demand

October is on track to be the second-best month of 2017 for U.S. new-vehicle sales, even though volume is projected to fall slightly from the same month last year.

source http://www.autonews.com/article/20171026/RETAIL/171029796/auto-sales-october-forecast

Group 1 Q3 net falls as storm overwhelms strong performance

Group 1's third-quarter net income fell 16 percent due to Hurricane Harvey's impact, despite a strong operational showing in the U.S. and in its overseas markets.

source http://www.autonews.com/article/20171026/RETAIL/171029798/group-1-q3-net-falls-as-storm-overwhelms-strong-performance

VW launches online platform to push used-car sales

Volkswagen has launched an online platform to grab a share of used-car sales in Germany, as it pursues a goal to almost double its portfolio of credit, leasing and insurance contracts to 30 million units by 2025.

source http://europe.autonews.com/article/20171026/ANE/171029800/vw-launches-online-platform-to-push-used-car-sales

Waymo looks to snowy Michigan to test self-driving cars

Google's self-driving car affiliate Waymo is expanding winter testing as it works to address a potential blind spot for autonomous vehicles: snowy and icy conditions.

source http://www.autonews.com/article/20171026/MOBILITY/171029803/google-waymo-selfdriving-testing-michigan

BMW launches U.S. ad agency review

The BMW creative account is officially up for grabs. The luxury auto brand has kicked off an agency review in the United States, a brand spokesman confirmed.

source http://www.autonews.com/article/20171026/RETAIL03/171029808/bmw-advertising-marketing-agency-review

Inchcape's Q3 revenue rises 15%

UK-based dealer group Inchcape said its third-quarter revenue rose 15 percent to 2.3 billion pounds ($3.1 billion), driven by strong growth in Singapore and helped by an acquisition in South America.

source http://europe.autonews.com/article/20171026/ANE/171029809/inchcapes-q3-revenue-rises-15

Wednesday 25 October 2017

Chevy unveils 2018 Camaro Hot Wheels Edition

GM is helping Hot Wheels celebrate its 50th anniversary next year by giving toy lovers the chance to purchase a full-scale model of their own.

source http://www.autonews.com/article/20171025/RETAIL03/171029825/gm-chevrolet-camaro-hot-wheels-edition

Penske Automotive's Q3 net income rises 7.9% on acquisitions

Acquisitions helped boost Penske Automotive's net 7.9 percent in the third quarter. A new focus on used vehicles led to more sales of them than new ones.

source http://www.autonews.com/article/20171025/RETAIL/171029823/penske-automotives-q3-net-income-rises-7-9-on-acquisitions

Penske Automotive's Q3 net up 7.9% on acquisitions

Acquisitions helped boost Penske Automotive's net 7.9 percent in the third quarter. A new focus on used vehicles led to more sales of them than new ones.

source http://www.autonews.com/article/20171025/RETAIL/171029823/penske-automotives-q3-net-up-7-9-on-acquisitions

Ford stresses power

In the latest viral video to join our charts, Ford shows the importance of power.

source http://www.autonews.com/article/20171025/VIRALVIDEO/310259997/ford-stresses-power

Ally reduces leasing in Q3

Ally Financial's auto loan and lease originations dipped in the third quarter while, at the same time, the company shifted its business to lower lease volume and more loans in its growth channel.

source http://www.autonews.com/article/20171025/FINANCE_AND_INSURANCE/171029830/ally-reduces-leasing-in-q3

FandI penetration rates dip in first half

Penetration rates for FandI products declined at U.S. dealerships in the first half of the year, NADA Data show.

source http://www.autonews.com/article/20171025/FINANCE_AND_INSURANCE/171029829/fi-penetration-rates-dip-in-first-half

Don't say that! 14 words and phrases that can short-circuit FandI

In the crush of business, even seasoned FandI professionals can slip up and inadvertently antagonize a customer.

source http://www.autonews.com/article/20171025/FINANCE_AND_INSURANCE/171029839/dont-say-that-14-words-and-phrases-that-can-short-circuit-fi

Ally adds more used-vehicle financing, reduces leasing in Q3

Ally Financial's auto loan and lease originations dipped 1.2 percent to $8.

source http://www.autonews.com/article/20171025/FINANCE_AND_INSURANCE/171029830/ally-adds-more-used-vehicle-financing-reduces-leasing-in-q3

CFPB's arbitration rule overturned by Senate vote

The U.S. Senate moved to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations.

source http://www.autonews.com/article/20171025/FINANCE_AND_INSURANCE/171029834/cfpbs-arbitration-rule-overturned-by-senate-vote

Lithia's Q3 net income drops 4% from strong year-earlier quarter

Lithia Motors' acquisitions pushed revenue up sharply in the third quarter, but higher costs and comparison against a strong 2016 pushed net down 4 percent.

source http://www.autonews.com/article/20171025/RETAIL/171029832/lithias-q3-net-income-drops-4-from-strong-year-earlier-quarter

Tuesday 24 October 2017

Honda confident in sedans as Accord redesign hits dealers

American Honda is working to meet fast-growing demand for SUVs but believes sedans are still well worth the investment.

source http://www.autonews.com/article/20171024/RETAIL/171029853/honda-confident-in-sedans-as-accord-redesign-hits-dealers

Enterprise's revenue doubles in one decade

Enterprise Holdings has more than doubled its revenue since its acquisition of National Car Rental and Alamo Rent A Car a decade earlier.

source http://www.autonews.com/article/20171024/RETAIL04/171029854/enterprise-car-rental-revenue

Lexus will end partnership with Weinstein Co.

Lexus is ending its partnership with film and TV production firm The Weinstein Co. after allegations that co-founder Harvey Weinstein sexually harassed or assaulted a number of women.

source http://www.autonews.com/article/20171024/RETAIL03/171029855/lexus-will-end-partnership-with-weinstein-co

Survey finds tech can help draw millennials to dealership jobs

Results from a new survey show that incorporating modern technology may help attract more millennials to dealership jobs.

source http://www.autonews.com/article/20171024/RETAIL/171029856/survey-finds-tech-can-help-draw-millennials-to-dealership-jobs

Asbury's Q3 net, revenue each dip about 5% because of storms

Asbury's third-quarter net income and revenue each dipped about 5 percent, largely due to the impact of hurricanes in the Southern U.S.

source http://www.autonews.com/article/20171024/RETAIL/171029864/asbury-earnings-q3-storms

Sonic's Q3 net rises 7% despite storms' impact

Sonic Automotive reported a third-quarter gain on strong gains from finance and insurance, despite storm-related costs.

source http://www.autonews.com/article/20171024/RETAIL/171029863/sonic-earnings-thirdquarter-storms