Author: Automotive News n Feed
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Q4 F&I results improve at 5 of 6 publics
Group 1, AutoNation, Asbury, Sonic and Lithia posted improved FandI results in the fourth quarter, although the retailers gave mixed views this month on whether growth will continue.
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PSA sets sales and savings goals for Opel deal, report says
PSA expects its planned acquisition of GM’s Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as $2.1 billion annually, Reuters reported.
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Auto finance OK overall, but subprime shows blemishes, N.Y. Fed says
Credit quality looks OK for auto finance overall, and outstanding auto loans and leases combined hit a record $1.
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EFG launching compliance tutorials
EFG aims to simplify FandI compliance for industry newcomers and veterans through a series of free podcasts and YouTube videos.
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FCA’s quality woes are systemic
Take a good look at today’s J.D. Power Vehicle Dependability Study. Scroll down that long list of brands. There they are: FCA’s brands, bringing up the rear. Looks familiar, doesn’t it?
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Lexus, Porsche rank as most-dependable brands, J.D. Power says
Lexus and Porsche are the most dependable brands after three years of vehicle ownership, while Toyota leads non-premium labels, according to a J.D. Power study. Fiat Chrysler posted four of the bottom five brands.
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First Shift: Automakers take case to new EPA boss
Automakers take case to new EPA boss; Poll puts Takata reputation on ‘critical’ list; Smoother CUE?; New Range Rover model: Velar; Benz dealers get a break; ‘One price’ expansion.
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PSA confirms bid for Proton
PSA confirmed it had submitted a bid for a partnership with Proton, putting the French automaker in a potential bidding war for the ailing Malaysian owner of the UK-based Lotus Cars unit.
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PSA seeks Southeast Asia expansion with Proton bid
PSA confirmed it had submitted a bid for a partnership with Proton, putting the French automaker in a potential bidding war for the ailing Malaysian owner of the UK-based Lotus Cars unit.
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Germany’s Stuttgart will ban some diesel cars from city center
Stuttgart, home to German automakers Mercedes and Porsche, said it will ban from next year diesel cars which do not meet the latest Euro 6 emissions standards from entering the city on days when pollution is heavy.