Showing results 1 - 25 of 26171
U.S. Fleet Sales, Aug. and YTD
U.S. Fleet Sales, Aug. and YTD 08 15 Fleet
Retail vs. fleet sales
Estimated retail and fleet volume for August 2015 vs. August 2014
Aug. Aug. 8 mos. 8 mos.
Aug. 2015 Aug. 2014 8 mos. 2015 8 mos. 2014
2015 % retail 2014 % retail Aug. 2015 % retail 2014 % retail 8
Lear buys downtown Detroit office building
Seating and electronics suppler Lear Corp. has purchased a 50,000-square-foot building in downtown Detroit for an undisclosed price. The Hemmeter Building, located near the heart of the city's entertainment district, was built in 1911 for the Hemmeter Cigar Co.andnbsp; Lear spokesman Mel Stephens
VW finance chief Poetsch proposed as next chairman
FRANKFURT -- Volkswagen Group's controlling parent company, Porsche Automobil Holding SE, today said in a statement that it has proposed Hans Dieter Poetsch as chairman of VW's supervisory board, a post that Ferdinand Piech quit earlier this year. Poetsch, 64, has been VW's finance chief since ...
Jaguar offers free maintenance, cuts prices in U.S.
PAMPLONA, Spain -- Jaguar is lowering its prices and rolling out free scheduled maintenance in the United States to remove what customers cite as key reasons consumers reject the British brand: high purchase and maintenance costs. The free EliteCare 5-year/60,000-mile scheduled maintenance warranty
Alcoa plans new randd center for advanced 3D printing processes
CHICAGO (Reuters) -- Metals company Alcoa Inc. said today it will invest $60 million to expand its randd center in Pennsylvania to explore ways to make 3D printing viable on an industrial scale to produce parts for the aerospace, automotive and construction sectors. The move is part of New ...
Turkish auto sales rise 37% in August
ISTANBUL (Reuters) -- Turkish auto sales jumped 37 percent to 82,577 passenger cars and light commercial vehicles in August, the Automotive Distributors Association (ODD) said today. Registrations in the first eight months rose 47 percent to 598,973, the ODD said.
Tesla will begin deliveries of Model X on Sept. 29
SAN FRANCISCO (Reuters) -- Tesla Motors will begin delivering its luxury electric crossover, the Model X, on Sept. 29 to customers in the U.S. who have already reserved the SUV. The Model X, eagerly awaited since it was announced in early 2012, will launch with a premium-priced special version ...
Citroen concept hints at 'fun' SUV inspired by Mehari
Citroen has built a concept that takes inspiration from the brand's iconic Mehari beach buggy and hints at a production SUV version of the C4 Cactus. The Cactus M "illustrates the potential of the C4 Cactus as the basis for new models," Citroen said in a statement on Wednesday. The concept will be
Mercedes is working on Tesla Model S fighter, randd chief tells paper
FRANKFURT -- Mercedes-Benz is working on an electric car with a range of up to 500km (311 miles) that could compete with Tesla's Model S battery-powered vehicle, development chief Thomas Weber told German magazine auto motor und sport . "We are working on an intelligent concept for a highly ...
Tesla Model X Coming Sept. 29 (9/3/15)
Tesla Model X coming Sept. 29; Dealer sues Maserati; BMW, Audi, Benz clear hurdle in 'Here' buy; Honda recalls '15 Fit; VW's mini Darth Vader, 4 years later; Safest driving cities.
Former Saab CEO charged with giving false testimony
STOCKHOLM (Reuters) -- The former CEO of Saab Automobile,andnbsp;Jan Ake Jonsson, was charged on Wednesday with giving false testimony when the aftermath of the Swedish company's bankruptcy played out in court. Jonsson was charged in a Swedish district court with giving false testimony over an ...
VW should strengthen oversight of CEO Winterkorn
Volkswagen Group CEO Martin Winterkorn is set to receive a two-year contract extension that will allow him to continue in the post to 2018 andndash; long enough to see through his ambitious, decade-long strategy to replace Toyota as the top-selling global automaker. VW's 20-member supervisory board
Hyundai brings back Nissan's Hatami as U.S. sales chief
Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief. Nissan North America separately announced Dan Mohnke, its chief marketing officer, will take on Hatami's sales responsibilities. His
U.S. Bank Hires Tim Sullivan as National Sales Director in Dealer Services
U.S. Bank announces the addition of Tim Sullivan as a senior vice president and national sales director in the Dealer Services division. Sullivan will oversee the national dealer sales teams who work directly with the auto dealerships. andnbsp; Sullivan joins U.S. Bank from Bank of America Dealer
Tom Hudson of Hudson Cook shares 10 signs of a buy-here-pay-here dealer about to be shut down
FORT WORTH, Texas, Aug. 28, 2015 /PRNewswire-USNewswire/ -- Tom Hudson, Senior Partner and Chairman of Hudson Cook, today shared his Top 10 list of how to recognize buy-here-pay-here auto dealers who are on their way out of business. andnbsp; "In my 42 years practicing consumer financial services
Plunging oil prices could affect auto delinquencies, TransUnion warns
Lost wages from plunging oil prices are expected to raise auto loan delinquencies in Canada, TransUnion says, and the company is watching for changes in the U.S. Auto loan balance and delinquency rates in both countries remained steady during the second quarter, but that could change, TransUnion ...
AutoNation August sales drop 5% on calendar quirk
AutoNation's U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year. New import-brand sales for the nation's largest new-vehicle retailer
Will Gen Y push leasing sea change?
When millennials are itching to get into a brand new car, many look to leasing. Leasing made up 28.9 percent of new vehicles purchased by millennials in July, compared with 26.7 percent for buyers industrywide, according to Edmunds.com. Over the past five years, new-car leasing among millennials ...
Average U.S. new-vehicle mpg falls in August
The average stated fuel economy of new light vehicles sold in the United States fell in August and is down nearly 2 percent from the record high set a year ago, a University of Michigan report released today said. The average window sticker fuel economy of cars, light trucks, vans and SUVs sold in
Bill Ford says health care co-op possible in UAW talks
DETROIT (Bloomberg) -- Ford Motor Co. Executive Chairman Bill Ford said the company is considering a health-care co-op, an issue the UAW has raised in negotiations on a new contract. "We're discussing it and we'll see where it goes," Ford said of a co-op, which could pool care for about 295,000 ...
Aug. U.S. Sales Winners, Losers (9/2/15)
Aug. U.S. sales winners, losers; Luxury win for Lexus; Barra's Volt frustration; New Hyundai, Nissan U.S. sales chiefs; More time to run VW; Oprah gets a car, too; Safest U.S. driving cities.
Use the product menu to show levels of coverage
"The menu should become a solution to a problem," said Elgie Bright, automotive marketing and management program chair at Northwood University. "Have the customer select the coverage that offers the best combination of price, length of coverage and protection to meet their needs."
PSA's DS upscale brand to launch crossover-styled DS 4
RENNES, France -- DS Automobiles, PSA/Peugeot-Citroen's new upscale brand, will launch a crossover-styled version of its DS 4 compact car, called the DS 4 Crossback. The DS4 Crossback will debut at the Frankfurt auto show Sept. 15, alongside a facelifted DS 4. Both cars will be the first PSA models
Nissan marketing exec Mohnke adds U.S. sales duties
Editor's note: A previous version of this report incorrectly stated Nissan's sales through August. It has been corrected. Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said today in a news release . His promotion
Navistar reports a surprise Q3 loss amid U.S. investigation
DETROIT (Bloomberg) -- Navistar International Corp., the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit. Navistar reported a loss of $28 million, or 34 cents a share, in the quarter ended July 31, ...