Service & Parts
Visteon to exit bankruptcy in hands of bondholders
1:45 pm U.S. ET | Aug. 31
Visteon received court approval on Tuesday for its bankruptcy reorganization, ending a 15-month fight among hedge funds, lenders and an industry giant for a piece of the revived auto parts maker.... Read More » Comments [0] | Recommendations [0]
AdvertisingFord recalls 575,000 Windstar minivans on axle-fracture risk
12:36 pm U.S. ET | Aug. 27
Ford Motor Co. said it is recalling 575,000 Windstar minivans in the U.S. and Canada because rear axles may corrode and break.... Read More »Toyota, GM recall 1.3 million vehicles for stalling
12:46 pm U.S. ET | Aug. 26
Toyota Motor Corp. and General Motors Co. today announced recalls of 1.3 million vehicles from the 2005-2008 model years following complaints of engine stalling.... Read More »Jeep Grand Cherokee under U.S. probe for possible fuel tank defects
1:12 pm U.S. ET | Aug. 24
Federal regulators have opened an investigation into 3 million Jeep Grand Cherokees to determine whether more than a dozen post-crash fires and deaths are connected to the placement of the SUV's fuel tank.... Read More »Former Chrysler COO Ridenour joins UQM Technologies, is in line to become CEO
1:48 pm U.S. ET | Aug. 23
Former Chrysler COO Eric Ridenour has been named president and COO of UQM Technologies Inc., a Colorado developer of alternative energy technology. The appointment is effective Sept. 1. In addition, Ridenour will become CEO on Dec.... Read More »Magna shareholders to appeal ruling on stock plan
11:29 am U.S. ET | Aug. 18
Magna International -- Canada's largest auto-parts maker -- said some shareholders will appeal a court's approval Wednesday of a plan to end the company's dual-class share structure.... Read More »- GM to recall more than 243,000 vehicles
General Motors Co. said today it plans to recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage.
Aug. 17, 9:31 am U.S. ET - Collectors worry about the future of classic vehicles
A growing chorus of collectible car experts worries that the modernization and regulation of the automobile is putting the future of classic vehicles in peril.
Aug. 13, 2:24 pm U.S. ET - ‘Recall is not a 4-letter word,' Toyota exec says
Toyota Motor Corp. has completed recalls of 80 percent of the vehicles affected by the “sticky pedal” safety problem that stung the automaker this year, Steve St.
Aug. 5, 2:39 pm U.S. ET - Supplier sees surging turbcharger demand
The auto industry's race to improve fuel economy is about to light a fire under the market for turbochargers, a supplier of the component forecasts.
Aug. 4, 11:31 am U.S. ET - Panasonic aims to triple rechargeable battery sales by 2016
Panasonic, the world's biggest maker of rechargeable batteries, aims to triple sales of lithium-ion units by March 2016 to meet rising demand from automakers.
Aug. 4, 11:47 am U.S. ET - Recession shrunk tool & die industry by nearly half
TRAVERSE CITY, Mich.
Aug. 2, 12:45 pm U.S. ET - More
Sales
AUGUST U.S. SALES
U.S. auto demand falls to weakest level since February
11:02 am U.S. ET | Sept. 1
U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August's seasonally adjusted annual sales rate of 10.8 million units fell from 11.6 million in July and was well below analysts' forecasts.... Read More »
Dealers
Congressman who sponsored dealer exemption may be investigated over fundraising
2:36 pm U.S. ET | Sept. 1
Rep. John Campbell, a California Republican who is a former auto dealer, said the House's independent ethics arm has recommended that he be investigated for possible violations involving fundraising.... Read More »
Finance & Insurance
FINANCE & INSURANCE
Sonic tries no-haggle F&I prices
12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »
Marketing
Ford to drive on 'Vampire Diaries' to tap twist on social media
1:10 pm U.S. ET | Aug. 31
A Ford Fiesta won't crop up in CW's "Vampire Diaries" until early October, but the automaker is trying to get people to talk about it now, even though the fan-favorite show's second season won't hit the screen until Sept. 9.... Read More »
Remarketing
Prices of used SUVs, crossovers surge 30% from last year, Edmunds says
4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More »
NADA
As business improves, dealers increase their giving
12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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