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Sat, 21 Jul 2018 00:01:00 EST
Collectors expert McKeel Hagerty says it's a 'golden age of muscle'
You don't have to go into too many old barns to find the collector cars of tomorrow, says one of the collectible trade's leading authorities, Hagerty CEO McKeel Hagerty.

Sat, 21 Jul 2018 00:01:00 EST
Autonomous vehicles face challenges from wireless device interference
Companies developing autonomous and connected-vehicle technology face an old problem for electronics: interference from other wireless devices.

Sat, 21 Jul 2018 00:01:00 EST
Looking back on Honda's brush with the UAW
The UAW's quest to organize Marysville would come up short against the patience of Honda executive Shige Yoshida, who brushed off pressure from Japan brass to recognize the union.

Fri, 20 Jul 2018 17:53:04 EST
Ferrari board to name Marchionne succssors Saturday
Directors of Fiat Chrysler will meet Saturday to discuss succession plans for CEO Sergio Marchionne, who is on medical leave, a person with knowledge of the matter told Automotive News Europe.

Fri, 20 Jul 2018 16:06:21 EST
Massive data breach hits several automakers, report says
Nearly 47,000 files of factory records from at least six automakers were found in a data leak this month that exposed several of the companies' trade secrets, The New York Times reported.

Fri, 20 Jul 2018 11:30:06 EST
Gentex boosts Q2 net income 23%
Mirror supplier Gentex reported a healthy gain in net income for the second quarter, but trimmed its full-year 2018 revenue guidance slightly.

Fri, 20 Jul 2018 10:48:08 EST
VW Canada building national EV charging network for all to use
Volkswagen Group Canada has formed Electrify Canada, a company that will build an ultra-fast EV charging network across Canada. Stations are to be operational in the second quarter of 2019.

Fri, 20 Jul 2018 13:37:24 EST
Toyota may halt U.S. imports of some models on Trump's tariffs
Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks will get more expensive.

Fri, 20 Jul 2018 13:21:34 EST
Trump tariffs likely to ding Detroit 3 earnings statements
When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should President Trump impose broader tariffs on vehicles and parts.

Fri, 20 Jul 2018 07:42:22 EST
Trump's financial regulator pick grilled at confirmation hearing
President Donald Trump's choice to lead the U.S. consumer watchdog survived aggressive questioning by lawmakers and looked on track to secure a confirmation vote.

Fri, 20 Jul 2018 11:50:57 EST
Trump tariffs prompt Gentex to consider options
Supplier Gentex is exploring how to avoid proposed U.S. tariffs on imported auto parts if they are enacted, plus likely retaliation on U.S. exports by other countries, especially China.

Fri, 20 Jul 2018 09:39:12 EST
Kia, SiriusXM to continue partnership for another five years, companies say
Drivers of Kia Motors America vehicles will continue to get a three-month SiriusXM All Access subscription upon purchase for another five years.

Fri, 20 Jul 2018 09:20:34 EST
Auto mileage rollback plan nearly ready, report says
The Trump administration is readying proposals to weaken Obama administration automotive fuel economy standards for release as early as next week, a person familiar with the matter told Bloomberg.

Fri, 20 Jul 2018 06:07:07 EST
Faurecia raises outlook after first-half profit rises 10%
Faurecia raised its 2018 outlook after reporting that first half profit rose 10.2 percent to to 342 million euros, while sales climbed 5.2 percent.

Fri, 20 Jul 2018 00:01:00 EST
VW boss Diess wants fatter profit margins -- and faster
VW Group CEO Herbert Diess is pushing for faster margin improvements at the company's Porsche, Audi and VW brands, a German media report said.

Fri, 20 Jul 2018 04:12:11 EST
BMW, VW win Beijing's OK to gain control of China JVs
Chinese Premier Li Keqiang's government allowed BMW and VW to gain control over local ventures ahead of their foreign rivals, giving the German automakers a boost in the world's largest vehicle market.

Fri, 20 Jul 2018 03:46:54 EST
EU, Canada, automakers blast Trump auto tariff plan
The Trump administration came under criticism from the EU, Canada and automakers as officials consider imposing tariffs of up to 25 percent on imported cars and parts.

Thu, 19 Jul 2018 14:00:00 EST
Actor Mark Wahlberg buys Chevy dealership in Ohio
Hollywood star Mark Wahlberg, known for both hit movies and his entrepreneurial efforts in the restaurant and nutrition supplements industries, is getting into the car business.

Thu, 19 Jul 2018 03:36:29 EST
Vietnam's Vinfast will unveil Italian-designed crossover and sedan
Vietnamese automaker Vinfast will use the Paris auto show to raise its global profile by unveiling two production-ready models, designed by Italy's Pininfarina.

Thu, 19 Jul 2018 09:25:45 EST
Ross says it's 'too early' to say if U.S. will impose auto tariffs
Commerce Secretary Wilbur Ross said it was "too early" to say if the United States would impose tariffs of up to 25 percent on imported cars and parts.

Thu, 19 Jul 2018 00:20:38 EST
Auto industry tells Commerce Dept. to ditch tariff proposal
A wide spectrum of auto interests, armed with the latest impact studies, warned at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.

Thu, 19 Jul 2018 08:56:45 EST
Why a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier
Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.

Thu, 19 Jul 2018 15:00:00 EST
Iron Man edition unveiled for Hyundai Kona
Hyundai is extending its Marvel collaboration with a special Iron Man edition of the Kona subcompact crossover. The version is scheduled to be unveiled Thursday at Comic-Con in San Diego.

Thu, 19 Jul 2018 14:55:01 EST
Fiat Chrysler prepares for Magneti Marelli spinoff
Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, Reuters reported.

Thu, 19 Jul 2018 14:41:59 EST
Tesla's battery maker suspends cobalt supplier amid sanctions concern
Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions.

Thu, 19 Jul 2018 07:41:04 EST
Audi CEO Stadler appeals to court for release from German jail
Audi's suspended CEO Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail.

Thu, 19 Jul 2018 03:11:03 EST
Visit by EU officials will focus on car tariffs, Trump says
President Donald Trump cited car tariffs as "the big one" among U.S.-EU trade irritants. He said the U.S. has tremendous powers if the EU does not bring a "fair" offer to Washington next week.

Thu, 19 Jul 2018 01:13:19 EST
Volvo expects record full-year sales despite trade tensions
Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).

Thu, 19 Jul 2018 03:50:01 EST
2018 Volvo XC60 output for U.S. shipped from China to Europe to avoid Trump's tariffs
Volvo is shifting XC60 production for the U.S. market to Europe from China to avoid Washington's new tariffs on Chinese imports.

Wed, 18 Jul 2018 11:06:33 EST
Penske to install Reynolds' docuPAD in 130 U.S. stores
Penske Automotive Group will install Reynolds and Reynolds Co.'s docuPAD systems in its new-vehicle stores in the U.S., deepening its relationship with Reynolds.

Wed, 18 Jul 2018 16:51:21 EST
Marchionne, recovering from surgery, may miss FCA's Q2 earnings call
Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker's planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.

Wed, 18 Jul 2018 16:38:38 EST
GM claims mural is an 'architectural work' in copyright infringement case
GM, fighting a lawsuit claiming it unlawfully used an outdoor mural in its advertising, contends that since the mural is painted on an "architectural work," the automaker cannot be held liable for copyright infringement.

Wed, 18 Jul 2018 17:25:39 EST
U.S. tariffs may raise cost of insurance, parts; car thefts could rise
A threat by the government to impose tariffs of up to 25 percent on imported auto parts could hit American consumers in unexpected ways: higher repair and insurance costs along with the theft of more cars for their parts, the industry said.

Wed, 18 Jul 2018 17:29:14 EST
Brose expects $5 million in costs this year from Trump's tariffs
Brose Group CEO Kurt Sauernheimer and Brose North America President Frank Lubischer talked tariffs, technology production and emissions with reporters Wednesday.

Wed, 18 Jul 2018 10:11:43 EST
Continental prepares IPO for powertrain unit in mid-2019
Continental AG, the world's fourth-largest auto supplier, is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the company's biggest overhaul in decades.

Wed, 18 Jul 2018 15:26:21 EST
Trump may cut trade deal with Mexico before Canada
President Donald Trump said he may prioritize a bilateral trade deal with Mexico over Canada and that he's building a good rapport with Mexican President-elect Andres Manuel Lopez Obrador.

Wed, 18 Jul 2018 13:33:37 EST
U.S. audit blasts NHTSA for its handling of recalls, Takata airbags
A government audit faulted NHTSA's oversight of auto recalls and said the agency's 'delayed action' may have hindered the callbacks of vehicles with defective Takata airbags.

Wed, 18 Jul 2018 05:49:25 EST
Tesla drivers in Germany told to return $4,650 subsidy
Hundreds of German Tesla Model S drivers have been ordered to pay back a 4,000-euro ($4,650) EV subsidy after a government agency deemed their luxury cars too expensive to qualify for the program.

Wed, 18 Jul 2018 09:00:00 EST
Hyundai launches digital showroom on Amazon
Hyundai has launched a digital showroom on the Amazon Vehicles research hub, the first automaker to create such a page on the massive shopping site.

Wed, 18 Jul 2018 12:12:30 EST
2019 Ford Edge ST will start at $43,350, top out at $52,000
Ford's upcoming 2019 Edge ST -- the automaker's first crossover to carry a performance badge -- will cost about $1,500 more than the outgoing Edge Sport trim it replaces.

Wed, 18 Jul 2018 09:18:43 EST
Aston Martin's 'sports car for the skies'
Aston Martin designed and engineered a futuristic personal aircraft it has dubbed "a sports car for the skies."

Wed, 18 Jul 2018 05:07:56 EST
Thyssenkrupp moves toward possible breakup as CEO, chairman depart
Thyssenkrupp -- a key supplier of automotive steel -- could be moving closer toward breaking up after its CEO and chairman both resigned in opposition to the proposed split of the conglomerate.

Wed, 18 Jul 2018 09:46:28 EST
Ford Fusions, Escapes recalled for rollaway risk
Ford is recalling nearly 550,000 2013-16 Fusion sedans and 2013-14 Escape crossovers for a potential rollaway risk because of faulty shifter cable bushings.

Wed, 18 Jul 2018 00:01:00 EST
Chevy enters viral video list with 'New Couple'
Chevrolet edges its way onto our viral video chart this week at No. 9 with "New Couple," the latest in its series of "real people, not actors" commercials.

Wed, 18 Jul 2018 06:15:36 EST
Musk apologizes to British diver for words 'spoken in anger'
Elon Musk apologized to one of the rescuers of the Thai youth soccer team, British diver Vern Unsworth, after the Tesla CEO labeled him a pedophile in a now-deleted Twitter post.

Tue, 17 Jul 2018 16:38:41 EST
PSA Group eyes 15 possible states for sales
PSA Group has narrowed to 15 states its top picks as possible points of entry for U.S. sales as the French carmaker continues to develop its return to North America.

Tue, 17 Jul 2018 16:08:23 EST
Automakers unite to oppose tariffs but worry administration has mind made up
The auto industry plans a full-court press this week to inform Congress about how the Trump administration is unfairly exploring possible light-vehicle tariffs, and whether the White House is abusing its trade authority.

Tue, 17 Jul 2018 20:41:56 EST
Sonic warns of earnings hit on 'lower' BMW, Honda spiffs
The country's fifth-largest dealership group said lower manufacturer-to-dealer incentives will dampen second-quarter and full-year profits, with continued margin pressure expected on Honda and BMW sales in the third quarter.

Tue, 17 Jul 2018 12:26:31 EST
AutoGravity CEO Andy Hinrichs departs
AutoGravity co-founder and CEO Andy Hinrichs has left the company to pursue other opportunities. He will be replaced by Alex Mallmann, former head of Mercedes-Benz Auto Finance China.

Tue, 17 Jul 2018 14:49:20 EST
EPA's new chief to meet California regulator over emissions, mpg goals
California's top air-quality official will meet with the EPA's new acting chief on Tuesday, the first meeting between two regulators who disagree over the Trump administration's plan to weaken light-vehicle fuel efficiency regulations.

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

Thu, 19 Jul 2018 11:51:00 PDT
J.D. Power: Wholesale Prices Decline in June
June wholesale prices for used vehicles up to eight years in age fell by an average of 0.9% compared to May. Losses at the segment level were less than historic norms across the board on both the mainstream and premium sides of the market, the firm said.

Wed, 18 Jul 2018 13:02:00 PDT
Manheim Sees Record-Level Digital Adoption in First Half
The company reported that 45% of vehicles sold in the first half were to digital buyers on Manheim.com. The firm also detailed enhancements it’s planning to make to the Manheim Marketplace over the next few months.

Wed, 18 Jul 2018 12:30:00 PDT
Penske to Install Reynolds docuPAD in All Stores
Penske said today it intends to integrate electronic document management to improve workflow and efficiency and install the Reynolds docuPAD system in F&I departments across more than 120 Penske dealerships.

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

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