Recent News

Sonic Automotive’s record Q2 revenue, gross profit come with caveat

Margin pressures at BMW and Honda stores contributed to lower-than-expected second-quarter results at Sonic Automotive, though the retailer set quarterly revenue and gross-profit records. ... Read More »

Ford stokes up 2019 F-150 Limited with Raptor firepower

The most expensive version of the F-150 pickup is adding a Raptor roar in Ford's latest thrust in Detroit's hypercompetitive truck sector. ... Read More »

Visteon’s profits drop while new business soars

Visteon took a hit from falling North American production, but it logged two big new contracts in the second quarter. ... Read More »

Audi to Open e-tron Sales Sept. 17

HERNDON, Va. — U.S. customers will be able to configure and reserve their 2019 Audi e-tron, the first all-electric vehicle from Audi, on Sept. 17. The e-tron will make its global debut on the same day at an event in San Francisco, and full e-tron specifications,...

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Wells Fargo to Begin Growing Auto Loan Portfolio by Mid-2019

SAN FRANCISCO — Wells Fargo reported earlier this month that second-quarter auto loans were down $1.9 billion from the first quarter due to its continued runoff of its auto loan portfolio. Executives, however, said auto originations have stabilized over the...

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Lear piles up $331 million profit in Q2

Lear posted a 6 percent increase in profit for the second quarter due to the addition of new business in both of its product segments and the addition of Grupo Antolin's seating business last year. ... Read More »

BorgWarner Q2 net income surges 28%

BorgWarner's increase in net income came despite customer downtime related to a supplier fire that interrupted production of the Ford F-150 and Ford Super Duty pickups in May, said outgoing CEO James Verrier ... Read More »

Ally’s used originations, non-GM and Chrysler business grow in Q2

Ally Financial's auto originations rose 12 percent in the second quarter, largely driven by gains in the used-vehicle market. At the same time, the lender's share of non-General Motors and Chrysler originations reached a record high. ... Read More »

NAE/NWAN Associate Earns John Maxwell Certification

CLEVELAND — National Automotive Experts announced that RV and Motorcycle Program Manager Tom Johnson has become a John Maxwell Team Certified Trainer.John Maxwell Team is an elite group of over 5,000 certified coaches, teachers, speakers, trainers, and professionals....

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Carpocalypse descends on Detroit after nightmare day of earnings

GM and FCA reported weak earnings, with both reining in profit forecasts for the year. That sparked sharp sell-offs of their stocks. Then it really got ugly when Ford posted its results. ... Read More »
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