Recent News

Ford Q1 net profit falls 34% on one-time charges

Ford's first-quarter profit fell 34 percent to $1.15 billion, on one-time charges, but the company said it was on track to generate better results in 2019 than it did last year. Earnings before interest and taxes rose 12 percent to $2.45 billion, including a 14...

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GM adds shift in Ky. to produce next-generation Corvette

GM said a second shift in Bowling Green, Ky., will add 400 workers, who will build the highly anticipated midengine Corvette — a first for the famed sports car.  ... Read More »

Vans Dominate 2018 Commercial Vehicle Searches

Work Truck Solutions’ latest annual report finds cutaway, cargo, and upfitted vans combined to account for 35% of all commercial-vehicle searches in 2018, more than any single truck type. ... Read More »

Lexus to open stores in Mexico to feed appetite for luxury, hybrids

Lexus will open its first dealerships in Mexico's top three cities in 2021 to take advantage of a new product cycle. Its sibling Toyota brand has grown rapidly in a market hungry for hybrids. ... Read More »

Musk reopens door to Tesla capital raise after cash setback

Elon Musk is reopening the door to seeking capital for Tesla after posting a bigger-than-expected loss for the first quarter. A record drop in deliveries, combined with the company’s largest-ever debt payment, depleted cash to the lowest level in three years. ... Read More »

Ghosn walks free from jail for second time on $4.5 million bail

Carlos Ghosn walked out of a Tokyo detention center after winning release on bail for second time, giving the deposed executive a chance to prepare his defense against financial misconduct charges. ... Read More »

Are You an F&I Manager or an F&I Clerk?

Years of strong sales and near-zero unemployment have lowered the bar for the business office. Veteran F&I pro shares two proven strategies for turning a finance clerk into a finance manager. ... Read More »

IIHS: Automakers need to upgrade rear-seat safety

The Insurance Institute for Highway Safety is using data from front crashes that result in injuries to back-seat passengers to develop a new front crash test that evaluates crash protection for both front- and rear-seat passengers. ... Read More »

Court approves $4.5 million bail for Ghosn

A Japanese court approved $4.5 million bail for embattled former Nissan chairman Carlos Ghosn, clearing the way for his release from jail for a second time. ... Read More »

Tech company Vulog underpins expansion of shared-mobility fleets

A pilot project is being launched in Cancun, Mexico, that involves the creation of a 50-car fleet of Nissan Versas and Sentras that operate as part of a short-term rental network. ... Read More »