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Wed, 25 Apr 2018 16:23:50 EST
Ford doubles cost-cutting plan, earnings rise
Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will either fix or eliminate unprofitable global operations.

Wed, 25 Apr 2018 10:26:50 EST
FCA offering dealer incentives to push Rams through their loaner fleets
FCA US, battling a decline in demand for Ram pickups, is offering added April incentives to dealers in the United States who add new trucks to service loaner fleets and count them as sales.

Wed, 25 Apr 2018 16:33:23 EST
AutoNation's Jackson, Magna's Stronach named to Automotive Hall of Fame
AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame.

Wed, 25 Apr 2018 07:01:14 EST
Tesla teardown uncovers tech prowess, production shortcomings
Tesla CEO Elon Musk has said the company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable.

Wed, 25 Apr 2018 15:58:13 EST
AutoNation names 1st academic to board
AutoNation added the first academic and second woman to its board composed entirely of outside directors under CEO Mike Jackson.

Wed, 25 Apr 2018 12:18:06 EST
Ford shakes up China network, names new leaders
Ford said it's reorganizing its operations in China by simplifying its distribution network and appointing new leaders to replace the CEO who abruptly left in January.

Wed, 25 Apr 2018 12:43:17 EST
GM to add third shift in Tennessee, plans Holden version of GMC Acadia
GM plans to reinstate a third shift at its assembly plant in Tennessee to meet growing demand in the United States for crossovers and add production of an all-new Holden version of the GMC Acadia.

Wed, 25 Apr 2018 07:49:01 EST
Congress to seek VW CEO's testimony in new cheating probe
A House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and was seeking testimony from VW CEO Herbert Diess.

Wed, 25 Apr 2018 15:29:03 EST
VW reaches $33.5 million diesel emissions settlement with Maryland
Volkswagen has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show.

Wed, 25 Apr 2018 13:17:59 EST
Penske Q1 net soars behind broad gains
First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business.

Wed, 25 Apr 2018 01:25:22 EST
BMW will export iX3 electric SUV to Europe, U.S. from China
BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China.

Wed, 25 Apr 2018 11:39:58 EST
GM banks on Chinese vehicle family to boost Brazil sales
GM is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese markets.

Wed, 25 Apr 2018 07:28:18 EST
Bosch claims diesel technology breakthrough
Bosch said its engineers have developed a diesel exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe.

Wed, 25 Apr 2018 11:08:16 EST
Bosch seeks to restore diesel reputation with new staff rules
Bosch said it would teach 70,000 staff a new code of conduct by the end of this year in an effort to change the "mindset" of the supplier.

Wed, 25 Apr 2018 07:15:45 EST
Aston Martin says China spurring another horse-to-cars moment
China's policies to cut pollution are driving a rapid move toward electric vehicles in the world's biggest market and causing upheaval in the global auto industry, Aston Martin CEO Andy Palmer said.

Wed, 25 Apr 2018 10:19:10 EST
Lithia Q1 net rises 2.6 percent
Lithia Motors' first-quarter net grew on strong service and parts and finance results, despite a drop in new-vehicle sales and narrowing gross profit margins.

Wed, 25 Apr 2018 00:01:00 EST
BMW's iX3 concept heralds electric expansion
BMW previewed the expansion of full-electric cars into its core product lineup with the iX3 concept at the Beijing auto show.

Wed, 25 Apr 2018 00:01:00 EST
Infiniti QX80 seats highlighted in new ad
Infiniti is touting the quality of its seats in the newest viral video to make our list.

Tue, 24 Apr 2018 23:00:00 EST
2019 Lexus ES redesign goes sportier with F Sport edition
Lexus is so confident in the performance chops of its redesigned ES sedan that it is giving the remake of one of its frumpiest nameplates an F Sport version for the first time.

Tue, 24 Apr 2018 21:30:00 EST
Nissan to bring Sentra EV, Leaf to China in electrification blitz
Nissan is accelerating its global electrification blitz by adding a full-electric version of the Sylphy small car in China as it chases global sales of 1 million electrified vehicles in five years.

Tue, 24 Apr 2018 18:51:32 EST
Calif. pension plan urged to divest automakers that skirt emissions rules
A group of congressional Democrats representing California urged the state's pension system to divest stock from any automaker that follows the Trump administration's plan to relax light-vehicle emissions standards.

Tue, 24 Apr 2018 04:00:00 EST
Mercedes-Maybach is betting on a hybrid SUV-sedan look
Mercedes is betting on a hybrid SUV-sedan to attract wealthy Chinese buyers to its Maybach ultraluxury brand.

Tue, 24 Apr 2018 07:30:00 EST
Mercedes seeks to keep China luxury lead with stretched A class
Mercedes aims to widen the brand's appeal to Chinese buyers with a long-wheelbase version of its latest A class.

Tue, 24 Apr 2018 11:30:00 EST
A farewell toast to the Jeep 'JK' Wrangler
The two-door Jeep Wrangler JK and four-door Wrangler Unlimited JKU represent the bookend of a game-changing, if initially flawed, vehicle that was far successful beyond anyone's wildest dreams and unmatched by rivals.

Tue, 24 Apr 2018 12:19:20 EST
Asbury's Q1 net jumps 18 percent
Asbury Automotive's first-quarter profits jumped 18 percent, driven by FandI and parts and service gains, on a revenue increase approaching 4 percent.

Tue, 24 Apr 2018 09:58:16 EST
Melrose gets green light from UK for GKN takeover
UK Business Minister Greg Clark said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of British auto supplier GKN.

Tue, 24 Apr 2018 13:48:15 EST
Audi recalling 1.16 million vehicles worldwide over coolant pump issue
Audi said it was recalling more than a million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump and pose a fire risk.

Tue, 24 Apr 2018 06:47:33 EST
Once an industry joke, electric buses start to dent oil demand
Suddenly, buses with battery-powered motors are a serious matter with the potential to revolutionize city transport -- and add to the forces reshaping the energy industry.

Tue, 24 Apr 2018 04:12:39 EST
Flying taxi start-up hires designer behind modern Mini, Fiat 500
Lilium, a startup with ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind several iconic cars such as the Mini, Fiat 500 and McLaren P1.

Tue, 24 Apr 2018 07:00:00 EST
GM, Volvo team with Amazon to deliver packages to customers' cars
General Motors and Volvo have partnered with Amazon to offer customers in-vehicle delivery of packages in the United States.

Tue, 24 Apr 2018 03:36:07 EST
Ferrari pushes possible EV launch beyond 2022
Ferrari Chairman Sergio Marchionne says the supercar brand will not launch a full-electric car until after its next business plan ends in 2022.

Tue, 24 Apr 2018 01:51:19 EST
PSA first-quarter revenue jumps 42% on Opel-Vauxhall acquisition
PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year.

Mon, 23 Apr 2018 00:01:00 EST
Car dealers competing with brands in auto subscription business
Some dealers are offering subscription programs to ensure the retailers remain relevant as automakers also experiment with the business model.

Mon, 23 Apr 2018 14:36:50 EST
Nissan's Infiniti readies platform for electrified cars
Nissan's Infiniti luxury brand will introduce an all-new platform for its entire range when it shifts to exclusively electrified powertrains in 2021.

Mon, 23 Apr 2018 00:01:00 EST
Car dealers fixated on costs
Dealers are increasingly cutting costs across the board this year to offset narrowing margins, rising expenses and a potential economic downturn.

Mon, 23 Apr 2018 00:01:00 EST
Washington angles to check CFPB's power
Congressional efforts to limit the CFPB's power are moving in parallel with similar efforts by its leader.

Mon, 23 Apr 2018 00:01:00 EST
California bill would add muscle to franchise laws
A wide-ranging California bill that aims to strengthen the state's existing new-car dealer franchise laws is scheduled to have its first committee hearing today.

Mon, 23 Apr 2018 02:23:53 EST
VW's internal handling of emissions scandal 'unsatisfactory,' U.S. monitor finds
VW's independent monitor, former Deputy Attorney General Larry Thompson, has criticized the automaker's internal response to its emissions scandal, a German newspaper report said.

Mon, 23 Apr 2018 15:53:36 EST
Gentex Q1 net income up 14 percent as revenue softens
Gentex said its first-quarter net income surged 14 percent from a year earlier as the mirror and electronics supplier managed to boost mirror deliveries despite a production glitch.

Mon, 23 Apr 2018 15:20:37 EST
Court blocks Trump effort to delay boost in 'gas guzzler' fines
Automakers will face steeper penalties if they fall short of annual federal fuel economy targets after an appeals court blocked a Trump administration move to delay a scheduled increase in the fines.

Mon, 23 Apr 2018 13:16:23 EST
Trump may tie Mexican immigration control to NAFTA
President Trump threatened to make Mexican immigration control a condition of a new NAFTA agreement, saying the southern neighbor must stop illegal immigrants from getting into the United States.

Mon, 23 Apr 2018 06:27:25 EST
Activist investor turns up heat on Hyundai
Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.

Mon, 23 Apr 2018 07:40:56 EST
2019 Toyota Avalon gets price bump after redesign
The fifth-generation Toyota Avalon that goes on sale next month as a 2019 model shares almost nothing with the previous generation, including the pricing.

Mon, 23 Apr 2018 06:56:26 EST
GM Korea, union reach tentative wage deal
GM's South Korean unit said that it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the automaker to prevent it filing for bankruptcy.

Mon, 23 Apr 2018 00:01:00 EST
Texas' Reagor Dykes group climbs used-car ranks
Reagor Dykes Auto Group, a budding powerhouse on Automotive News' list of the top 100 dealership groups in used retail sales, sells well beyond its west Texas base.

Mon, 23 Apr 2018 00:01:00 EST
GM brings Cadillac back into the fold
In ousting Johan de Nysschen and replacing him with Steve Carlisle, a company loyalist in the vein of CEO Mary Barra, GM appears to be signaling its desire to bring Cadillac back into the fold under a single, unified corporate vision that emphasizes...

Mon, 23 Apr 2018 00:01:00 EST
Infiniti plots more local production in China
Infiniti wants to triple its sales in China in five years by ramping up local production of five new nameplates.

Mon, 23 Apr 2018 00:01:00 EST
Nissan wants 9,000 stories renovated worldwide in next 5 years
Nissan envisions renovating 9,000 of its 10,000 worldwide dealerships over the next five years.

Mon, 23 Apr 2018 00:01:00 EST
Ford rejects 9-speed offered by GM
Ford has elected not to use GM's nine-speed transmission out of the box, opting instead for two new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus.

Mon, 23 Apr 2018 00:01:00 EST
Honda sweetens lease deals, a little
The discounted lease deal puts the Accord within striking distance of the Camry in strong lease markets such as California, Ohio and Florida.

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

Wed, 25 Apr 2018 10:14:00 PDT
automotiveMastermind Announces Promotion of Three Company Leaders
The promotions will help the organization focus on continued growth and product development, officials said.

Wed, 25 Apr 2018 09:58:00 PDT
VINFactor Partners With Selly CRM
Selly Automotive has incorporated the VINFactor market intelligence tool as a standard feature for U.S. auto dealer users.

Wed, 25 Apr 2018 07:53:00 PDT
CarMD: Check Engine Repair Costs Fell 10% in 2017
CarMD’s newly released 2018 Vehicle Health Index indicates more vehicle owners are taking maintenance and ‘check engine’ warnings seriously.

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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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