Great Wall will invest in Daimler-funded hydrogen station company

China's 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.

source http://europe.autonews.com/article/20181031/ANE/181039957/great-wall-will-invest-in-daimler-funded-hydrogen-station-company

Mazda slumps to operating loss amid falling sales, rising costs

Mazda 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.

source http://europe.autonews.com/article/20181031/ANE/181039958/mazda-slumps-to-operating-loss-amid-falling-sales-rising-costs

Mazda slumps to operating loss amid falling sales, rising costs

Mazda 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.

source http://www.autonews.com/article/20181031/COPY01/310319980/mazda-slumps-to-operating-loss-amid-falling-sales-rising-costs

Mazda slumps to quarterly loss amid falling sales, rising costs

Mazda 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.

source http://www.autonews.com/article/20181031/COPY01/310319980/mazda-slumps-to-quarterly-loss-amid-falling-sales-rising-costs

Mazda slumps to quarterly loss amid falling sales, rising costs

Mazda 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.

source http://europe.autonews.com/article/20181031/ANE/181039958/mazda-slumps-to-quarterly-loss-amid-falling-sales-rising-costs

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

Honda's more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

source http://www.autonews.com/article/20181030/COPY01/310309968/honda-profit-surges-40-on-more-profitable-mix-cost-cuts

U.S. auto sales to drop in October

U.S. 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.

source http://www.autonews.com/article/20181030/RETAIL01/181039980/october-sales-expected-to-dip-as-incentives-keep-falling

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

AutoNation's 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.

source http://www.autonews.com/article/20181030/RETAIL/181039994/autonation-earnings-vroom

Japan's Sumitomo launches car-sharing service in Stockholm

Daimler 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.

source http://europe.autonews.com/article/20181030/ANE/181039996/japans-sumitomo-launches-car-sharing-service-in-stockholm

BMW, German dealers at odds over incentives

BMW 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.

source http://europe.autonews.com/article/20181030/COPY/311029997/bmw-german-dealers-at-odds-over-incentives

Bentley warns no-deal Brexit would hit profitability, investment

Bentley 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.

source http://europe.autonews.com/article/20181030/ANE/181039997/bentley-warns-no-deal-brexit-would-hit-profitability-investment

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

Honda 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.

source http://www.autonews.com/article/20181030/COPY01/310309968/honda-profit-surges-40-on-more-profitable-mix-and-cost-cutting

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

Honda 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.

source http://europe.autonews.com/article/20181030/ANE/181039998/honda-profit-surges-40-on-more-profitable-mix-and-cost-cutting

China mulls stimulus as light-vehicle sales fall

China 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.

source http://www.autonews.com/article/20181029/GLOBAL03/181029718/china-mulls-stimulus-as-light-vehicle-sales-fall

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

Sweden's 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.

source http://europe.autonews.com/article/20181026/ANE/181029788/autoliv-cuts-full-year-sales-outlook-as-slowing-china-europe-weighs

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

VW's deal with its European retailers #8212; a potential framework for upcoming negotiations in the U.S.

source http://www.autonews.com/article/20181029/RETAIL07/181029748/vw-retail-network-agreement-europe

J.D. Power Marketing Roundtable focuses on tech

Auto 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.

source http://www.autonews.com/article/20181029/RETAIL/181029742/auto-marketing-jd-power

BMW, German dealers at odds over incentives

BMW 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.

source http://www.autonews.com/article/20181029/RETAIL07/181029747/bmw-german-dealers-at-odds-over-incentives

'17, '18 hurricanes reflected in retailers' earnings

The effects of hurricanes both this year and in 2017 were felt by some public retailers who reported earnings results last week.

source http://www.autonews.com/article/20181029/RETAIL07/181029750/17-18-hurricanes-reflected-in-retailers-earnings

Public auto dealer groups buoyed by e-commerce initiatives

Public 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.

source http://www.autonews.com/article/20181029/RETAIL07/181029752/group1-lithia-asbury-penske-digital-earnings

Concierges to help auction giant Manheim with sales ap

Manheim Express is being touted as a logical evolution in digital wholesaling. But some high-volume dealers could use a little help.

source http://www.autonews.com/article/20181029/RETAIL/181029778/manheim-concierge-ap-sales

Conn. dealership group teaches cyber security

An 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.

source http://www.autonews.com/article/20181029/RETAIL07/181029797/cyber-security-dealership-hoffman

Industry already has solutions to affordability problem

Between automakers and dealers, the industry has created a sustainable ecosystem to segment the market, preserve consumer choice and still share the profits equitably.

source http://www.autonews.com/article/20181029/RETAIL01/181029803/affordability-auto-market-cpo-editorial

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

When 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...

source http://www.autonews.com/article/20181029/RETAIL05/181029777/youth-automotive-training-center

JM Family CEO: Market slowdown means working harder

Brent Burns, CEO of JM Family Enterprises, talks about the magnitude of the responsibility of running an enterprise founded by the legendary Jim Moran.

source http://www.autonews.com/article/20181029/OEM02/181029780/jm-family-ceo-market-slowdown-means-working-harder

50 years of JM Family Enterprises

Here's a look back at important years and events from JM Family Enterprises' history.

source http://www.autonews.com/article/20181029/RETAIL/181029782/50-years-of-jm-family-enterprises

Asbury puts store expansion on its to-do list

Asbury 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.

source http://www.autonews.com/article/20181029/RETAIL/181029810/asbury-automotive-store-expansion

Judge rejects challenge to GM's surcharge

A 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.

source http://www.autonews.com/article/20181029/RETAIL07/181029811/judge-rejects-challenge-to-gms-surcharge

Rising vehicle prices tighten pre-owned inventory

Cox Automotive predicts rising vehicle prices will lead to fewer pre-owned cars and trucks for dealers.

source http://www.autonews.com/article/20181028/RETAIL01/181029738/used-vehicles-dealers-rising-prices

GM, Ford turning to reward programs to boost customer loyalty

As U.S. auto sales slow, some automakers are increasing efforts to retain current customers rather than conquesting new ones.

source http://www.autonews.com/article/20181028/RETAIL/181029761/gm-ford-rewards-loyalty-conquest

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

India 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.

source http://europe.autonews.com/article/20181027/ANE/181029787/indias-electric-rickshaw-revolution-tops-chinas-ev-push

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

Instead 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.

source http://www.autonews.com/article/20181027/OEM03/181029771/lynk-and-co-us-market

Renault names veteran exec to head new sales and regions unit

Renault has appointed Olivier Murguet to the newly created post of executive vice president, sales and regions.

source http://europe.autonews.com/article/20181026/ANE/181029786/renault-names-veteran-exec-to-head-new-sales-regions-unit

Autoliv cuts FY sales outlook as slowing China, Europe weighs

Sweden's 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.

source http://europe.autonews.com/article/20181026/ANE/181029788/autoliv-cuts-fy-sales-outlook-as-slowing-china-europe-weighs

SKF upbeat on demand in face of slowdown fears

SKF 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...

source http://europe.autonews.com/article/20181026/ANE/181029792/skf-upbeat-on-demand-in-face-of-slowdown-fears

Volvo hits a speed bump in the third quarter

Volvo 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.

source http://www.autonews.com/article/20181026/COPY01/310269965/volvo-q3-earnings-drop

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

Volvo 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.

source http://europe.autonews.com/article/20181026/ANE/181029794/volvos-quarterly-income-drops-50-on-higher-tariffs-launch-costs

Why Penske Automotive generated record Q3 earnings

Penske 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.

source http://www.autonews.com/article/20181025/RETAIL07/181029835/roger-penske-earnings-rise-q3

Hyundai quarterly profit drops on U.S. recall costs

Hyundai 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.

source http://www.autonews.com/article/20181025/COPY01/310259950/hyundai-quarterly-profit-drops-on-u-s-recall-costs

Hyundai quarterly profit drops on U.S. recall costs

Hyundai 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.

source http://europe.autonews.com/article/20181025/ANE/181029840/hyundai-quarterly-profit-drops-on-u-s-recall-costs

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

Hyundai 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.

source http://europe.autonews.com/article/20181025/ANE/181029840/hyundai-quarterly-profit-drops-two-thirds-on-u-s-recall-costs

Tesla targets VW, BMW as Model 3 heads for Europe

Tesla 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.

source http://europe.autonews.com/article/20181025/ANE/181029841/tesla-targets-vw-bmw-as-model-3-heads-for-europe

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

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

source http://www.autonews.com/article/20181024/RETAIL/181029850/lithia-boosts-q3-net-income-revenue-as-it-cuts-underperforming-stores

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

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

source http://www.autonews.com/article/20181024/RETAIL/181029850/lithia-boosts-q3-net-income-revenue-as-it-sells-off-stores

Affordability issues call for creativity in the FandI office

FandI managers, especially those who haven't experienced a downturn, may have to step up their game in the coming months.

source http://www.autonews.com/article/20181024/BLOG13/181029864/dealers-finance-longer-terms-interest-rate

Dealers use app to help customers save on auto insurance

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

source http://www.autonews.com/article/20181024/FINANCE_AND_INSURANCE/181029867/dealer-insurance-policy-retail-consumer

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

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

source http://www.autonews.com/article/20181024/FINANCE_AND_INSURANCE/181029867/offering-competitive-auto-insurance-from-the-store-helps-dealers-cut

Why Dyson picked Singapore to build its EV

When 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.

source http://europe.autonews.com/article/20181024/ANE/181029871/why-dyson-picked-singapore-to-build-its-ev

BMW tops Mercedes in China for first time this year

BMW 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.

source http://europe.autonews.com/article/20181024/ANE/181019583/bmw-tops-mercedes-in-china-for-first-time-this-year

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

General Motors plans to expand its Maven peer-to-peer car sharing initiative to 10 cities by the end of the year.

source http://www.autonews.com/article/20181023/MOBILITY/181029892/gm-maven-car-sharing-expansion