Recent News

Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production. ... Read More »

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier. ... Read More »

GM paid Barra $16.2 million in 2014

GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2. ... Read More »

FTC Staff Expresses Concern that New York’s Certificate of Public Advantage Regulations Can Harm Competition

In a letter to the New York State Department of Health, Federal Trade Commission staff expressed concern that the New York State’s Certificate of Public Advantage regulations – which purport to provide antitrust immunity to certain approved health care collaboratives...

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Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers

Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. ... Read More »

Pricing pressure in U.S., China raises fears about future auto profits

The strength of the U.S. and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits. ... Read More »

Lithia’s Drop in New-Vehicle Gross Per Unit Offset by Q1 F&I Performance

MEDFORD, Ore. — Lithia Motors’ F&I operations realized a $52 increase in F&I profit per vehicle retailed, which settled in at $1,233 in the first quarter of 2015.The group’s F&I performance, coupled with the $97 increase in used-vehicle...

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Fiat Chrysler recalls 46,000 vehicles for ignition switch, airbag issues

Fiat Chrysler is recalling 43,874 Jeep Liberty, Jeep Wrangler and Dodge Viper models for possible ignition-switch issues and 2,408 Ram ProMaster City models for airbag problems. ... Read More »

Putting F&I Online Increases Profits, MakeMyDeal Finds

ATLANTA —A new study from Cox Automotive company MakeMyDeal found that shifting F&I product information online could be the key to higher sales and profitability.According to the MakeMyDeal 2015 Finance & Insurance Study, 61% of the 500 consumers...

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Putting F&I Online Increases Profits, MakeMyDeal Finds

ATLANTA —A new study from Cox Automotive company MakeMyDeal found that shifting F&I product information online could be the key to higher sales and profitability.According to the MakeMyDeal 2015 Finance & Insurance Study, 61% of the 500 consumers...

... Read More »