Toyota's new compact coupe will be marketed in the United States as the Scion FR-S. The initials stand for “front engine, rear-wheel drive, sport.” In other words, it's a small sporty coupe for drivers who appreciate speed and good driving dynamics.
Some of the biggest banks in auto lending continue to aggressively pursue retail loan business after first-quarter surges. Wells Fargo Dealer Services, for example, reported record auto originations of $6.2 billion for the first quarter this year.
BMW is making a bigger version of its popular 3-Series sedan in a bid to tap into Chinese car buyers' taste for larger cars and lure them away from the likes of GM. The stretch 3-Series, made uniquely for the Chinese market, is 11 centimeters (4.
The nation's largest auto dealership groups, boosted by U.S. customers buying fuel-efficient vehicles in response to high gasoline prices, are reporting gains in first-quarter profits. AutoNation, the largest U.S.
Nick Reilly, who retired as president of GM Europe earlier this year, has been named by MSX International as chairman of its Asia Pacific region. MSX, a leading technical staffing and dealership process consultancy, expects major growth in Asia, said MSX CEO Fred Minturn.
AutoNation, the nation's largest dealership group, posted higher net income for the first quarter as U.S. consumers replaced their aging vehicles at an increasing clip. AutoNation reported net income from continuing operations of $73.
Looking for solutions to your F&I challenges? Your peers might have answers that will work for you. Mike Hanks, general manager of Bob Hall's Automotive Group in Yakima, Wash., will be one of three dealership officials presenting during a session called “Dealers Share Their Best F&I Practices.
Penske Automotive Group, the No. 2 U.S. dealership group, saw the sale of new vehicles rise nearly 12 percent and the sale of used vehicles jump 27 percent in the first quarter compared with a year ago.
Tesla Motors co-founder Elon Musk, well known in the auto industry and U.S. business for his risk-taking startups, has joined a group of investors in a company that plans to send robotic spacecraft to mine asteroids.
A fair and accurate discussion about dealer reserve must hinge on the tasks and expenses underlying the installment lending process, not the specific benefits of in-store funding to customers, lenders and dealers.
Regardless of the weather, the temperatures inside most halls at the Beijing auto show are either uncomfortably hot or absolutely oppressive. An exception was VW's new pavilion, where the well-prepared Germans avoided broiling visitors by making an excellent decision.
Nissan plans to use F&I incentives to push the redesigned 2013 Nissan Altima when it goes on sale in June. The automaker will offer discount financing on lease and loan deals plus a limited-time free scheduled maintenance offer.
Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology, derived from its Formula One hybrid program, will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo.
PSA said first-quarter revenue fell 7.3 percent as the region's vehicle market contracted. Sales dropped to 14.3 billion euros ($18.9 billion) from 15.4 billion euros a year earlier. PSA repeated that it expects the auto market to shrink 5 percent this year in Europe.
Italian design and engineering firm Bertone is in talks with a Chinese car collector to sell its one-off Nuccio supercar. The asking price for the Nuccio, which took about 15,000 hours to design, engineer and build, is about 2 million euros.
Peugeot has previewed an SUV-styled variant of the brand's recently launched 208 subcompact hatchback with the Urban Crossover Concept. The concept is likely to go into production for sale in Europe and Asia as a competitor in the growing market for small SUV-styled cars.
Auto parts supplier Dana swung to a quarterly profit as demand for commercial and off-highway vehicles boosted sales. Commercial vehicle companies such as Navistar and Paccar -- some of Dana's largest customers -- have enjoyed a rebound in U.S.
Ferrari plans to grow its Chinese dealer network to 15 stores from 10 by the end of next year to keep pace with demand in the world's largest market. Last year, sales of the supercar grew 66 percent to 777 units, Ferrari China boss Edwin Fenech told Automotive News Europe.
Bentley aims to sell 3,000 of its planned SUV annually when production starts in 2015. The brand is confident of getting approval from parent Volkswagen to produce the SUV by year-end, said Bentley CEO Wolfgang Duerheimer.
The new BMW 6 series has a standard eight-speed automatic transmission supplied by ZF Friedrichshafen that provides additional gear ratios and an increased transmission ratio spread without any increase in size, weight or effect on the system's efficiency.
Regardless of the weather, the temperatures inside most halls at the Beijing auto show are either uncomfortably hot or absolutely oppressive. An exception was VW’s new pavilion, where the well-prepared Germans avoided broiling visitors by making an excellent decision.