Recent News

GM sees custom designs, personal ownership for self-driving cars

General Motors, which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs. ... Read More »

Asbury Maintains $1,500 PRU, Goes Digital in Q1

DULUTH, Ga. — Challenges and opportunities were the recurring themes of a first-quarter investor call held by executives representing Asbury Automotive Group. America’s seventh-largest auto retailer posted modest improvements in new- and used-vehicle...

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Used-car retailer Carvana Q1 net loss expands

Online used-car retailer Carvana's first-quarter net loss widened to nearly $53 million, while revenue and vehicle sales both more than doubled to records. ... Read More »

Group 1 Hits Record PRU in Q1

HOUSTON — Executives representing America’s third-largest dealer group had good first-quarter news to report to investors in a late-April conference call: Group 1 Automotive’s U.S. operation set a new record for F&I gross profit per retail...

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Ford CEO: We’re ‘reinventing’ the car, not trying to kill it

CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price ... Read More »

Magna posts record Q1 net income, sales

Global auto parts giant Magna International posted record net income of $660 million in the first quarter of 2018, up 14 percent from a year ago. ... Read More »

US Fuel Prices Appear to Stabilize

HEATHROW, Fla. — The national average price of a gallon of regular unleaded leveled off at $2.81 for the week ending May 7, according to AAA, following steady increases that put the price at more than 12% since early March.Gasoline is now 45 cents more...

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Parts Fire Halts Production of Trucks, Vans

EATON RAPIDS, Mich. — A fire at a parts supplier has impacted production of several top-selling vehicles, including Ford’s F-150 and Super Duty trucks and General Motors vans, according to reports. Manufacturers have seen a shortage of die-cast...

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FTC Settlement Will Ban Fraudulent Marketers from Invention Promotion Business

World Patent Marketing allegedly bilked millions from consumers and suppressed criticism Scott Cooper and his companies, World Patent Marketing Inc. and Desa Industries Inc., have agreed to a settlement with the Federal Trade Commission that bans them from the...

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Spring 2018 rulemaking agenda

The semiannual update of our rulemaking agenda. ... Read More »