New vehicle leasing rises to 20 percent of U.S. sales in 2011
2012-02-04 12:00:00
New light-vehicle leasing increased in 2011 from a year earlier, to 20 percent of U.S. retail sales, according to the Manheim 2012 Used Car Market Report.
AutoTrader.com said to be in talks for initial public stock offering
2012-02-03 21:21:42
AutoTrader, which runs a Web site linking buyers and sellers of new and used cars, is talking to banks about a potential initial public offering, a person with knowledge of the discussions said today.
SPX, Aker Wade will develop EV fast chargers
2012-02-03 18:33:28
SPX Service Solutions and Aker Wade Power Technologies plan to jointly develop EV fast chargers for the global vehicle market, the companies said today.
Krafcik: Capacity crimps Hyundai
2012-02-03 18:11:20
Hyundai Motor America, which doubled the industry's 10 percent sales gain in 2011, will not see similar gains this year, its top executive said.
Hesterberg says TrueCar.com harms dealers
2012-02-03 17:55:43
Group 1 Automotive CEO Earl Hesterberg believes TrueCar.com is harmful to dealers and automakers and questions the online shopping site's value to the industry.
Report: Eastwood's Chrysler ad will be pep talk for the nation
2012-02-03 16:20:25
Chrysler plans a two-minute Super Bowl commercial featuring Clint Eastwood giving the country a pep talk, sources told The Wall Street Journal today.
Detroit automakers oppose Japan joining trade talks
2012-02-03 16:11:16
Detroit automakers are urging President Barack Obama to reject Japan's bid to join talks on a regional free trade agreement, the head of an automotive group representing GM, Ford and Chrysler said on Thursday.
Mazda launches new ads online first
2012-02-03 15:38:14
Mazda is launching a big advertising campaign this weekend, but it's mostly skipping Sunday's big game. Mazda is leaning on about 2 million brand enthusiasts, customers, dealers and employees to spread the commercial through social media.
Under the hood: GM's blueprint for Volt 2.0
2012-02-03 12:56:24
The Chevrolet Volt stands as the most heavily promoted -- and harshly scrutinized -- vehicle from General Motors in decades. And that's just version 1.0.
Toyota sees 21% rise in global group sales this year
2012-02-03 04:44:58
Toyota is forecasting global sales will rise 21 percent this year to 9.58 million units, as its production recovers from natural disasters in Japan and Thailand.
Majority of Lincoln dealers in key markets agree to renovations, new facilities
2012-02-03 00:01:00
More than half of Lincoln's dealers in the top 130 U.S. markets have committed to invest in upgrading their dealerships as the brand tries to reinvent itself, Lincoln said today. Their agreement is a major step forward for Lincoln.
Suzuki's director of U.S. product, marketing departs, won't be replaced
2012-02-02 17:26:56
American Suzuki's product and marketing boss has left the company and will not be replaced, according to a company spokesman. Steve Younan, American Suzuki's director of product planning, marketing and sales training, departed the automaker on Jan.
2012 Mercedes A Class caught on video
2012-02-02 16:31:05
Video footage of Mercedes-Benz's upcoming A class was shot by an alert bicyclist in the Canary Islands.
AutoNation says vehicle sales rose 7% in January
2012-02-02 14:03:16
Increases in import and premium luxury vehicle purchases helped AutoNation post a 7 percent increase in new vehicle unit sales last month.
Chrysler to add 1,800 workers at Illinois plant for Dart, Compass and Patriot
2012-02-02 13:24:44
Chrysler Group said today it will ramp up production of the 2013 Dodge Dart quickly at a plant in Belvidere, Ill., adding more than 1,800 workers even before the first model has been built.