Recent News

Adient quarterly earnings plunge, but shares rise 32%

Adient, despite a major drop in quarterly earnings, noted new business wins with GM, Ford, Volkswagen and Kia. Shares rose nearly 32 percent on the news. ... Read More »

Nissan captive to pay $3M settlement in suit over repo, lease rights of service members

Nissan Motor Acceptance Corp. denies any wrongdoing but agreed to settle with the Department of Justice "in the best interest for all parties." ... Read More »

Black Book: Retained Values Flat in July

Black Book’s Used Vehicle Retention Index showed no change overall from June to July, but a closer look reveals ‘very clear trends’ in several key segments. ... Read More »

Black Book: Retained Values Flat in July

Black Book’s Used Vehicle Retention Index showed no change overall from June to July, but a closer look reveals ‘very clear trends’ in several key segments. ... Read More »

New Wholesale Platform Promises to Reverse Margin Compression

CarOffer was designed to leverage the power of national scale, data and new technology to enable dealers to trade for more vehicles, virtually eliminate risk, and guarantee efficient 45-day turn times. ... Read More »

Survey: Finance Execs Want More AI

Nearly 80% of C-suite finance executives expressed a growing need for artificial intelligence-driven auto loan processing procedures in a survey conducted by Inovatec. ... Read More »

FTC to Host Workshop on Consumer Issues Related to Loot Boxes

WHAT:The Federal Trade Commission will host a public workshop to examine consumer protection issues related to video game “loot boxes”—in-game rewards players can buy or earn while playing a video game.WHEN:Wednesday, August 7, 10 a.m. – 4:15 p.m. ET (Doors...

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Automobili Pininfarina CEO outlines lineup expansion plan

The order that the new cars will appear will be dictated by potential customers who will be shown body style examples based on past concepts. The first discussions will take place this month at the Concours d'Elegance held in Pebble Beach, Calif. ... Read More »

Bosch sees stagnating sales, job losses as auto industry slows

Bosch CEO Volkmar Denner foresees stagnation in vehicle production in the coming years. "The tailwind is gone," he said, adding that this will affect the supplier's employees, "above all in the diesel plants." ... Read More »

Maserati won’t see profits until after product offensive starts in 2020

FCA CEO Mike Manley called Maserati's sales volume "disappointing" and said the third and fourth quarters also will be difficult for the brand before business improves next year. ... Read More »