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 »
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Ford 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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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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