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Mar 20 2020

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Cars and automotives for sale


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

• Lexus stores coming to Mexico

• Musk mulls capital raise

• Luxury coupe vs. aliens

• Ghosn granted bail . again

• Nissan gets new U.S. sales boss

• IIHS: Upgrade back-seat safety

Special Report: Used-Vehicles
Carvana debuts as No. 8 on used ranking
Dealers turn to Craigslist to meet used-car demand
Luxury dealers reversing course on used
Penske to add more used-only stores
Used-Car Special: Inventory Report »
F&I product landscape for EVs is sparse
Indiana dealership group sued in class action over document fees
Texas bill amended to ensure Tesla can fix cars
More Access F&I stories »
Cars & Concepts
Mazda: Skyactiv-X engine still on track for U.S. launch
Crossovers star in 2 auto shows in 1 week
Corsair will be first Lincoln with output in China
VW Tarok concept to measure pickup interest in U.S.
More Cars & Concepts stories »
This Week’s Issue
Instead of national strike, UAW could target key plants for ripple effect
Which Munoz will show up at Hyundai?
Lincoln reimagined as a ‘luxury boutique’
Buick dealers will get an extra helping of Encore
More stories from this week’s issue »
Best Practices
Dealer’s customers are in for a surprise
Concierge service positions store for future
More Best Practices stories »
Best Practice Tips
Dealers need to be part of the emerging data landscape
There’s a lot riding on the new Corvette
Stipulation capture tool aims to smooth approval process
Time is right for GM to bring back Tiger Woods
More Blogs »
FIXED OPS JOURNAL
How to pay service advisers to sell more without turning customers off?
Debate over best way to pay service techs continues to roil dealerships
Dealership provides training for service technicians in Texas program
More Fixed Ops Journal stories »
  • What: Electric cam phasers
  • Where: 2019 Infiniti QX60
  • Tech source: Schaeffler Group

Automotive News this month is taking a look at emerging New Tech: Those innovations unimagined or not commercially viable just 10 years ago that engineers are now translating into mass production.

The turbocharger and electric motors supplier said its performance in the first quarter was stronger than it expected, driven by higher volume of new programs, especially in Europe and North America.

Toyota Motor Manufacturing Canada on Monday plans to make what it calls “a significant production announcement” at its North Plant in Ontario, where the RAV4 is assembled.

Cockpit electronics supplier Visteon said operational challenges hampered its first-quarter margins, but results should improve in the second and third quarters. Visteon shares fell 23.5 percent.

Net income for the nation’s second-largest dealership group fell 8 percent to $99.2 million. Penske Automotive said revenue fell 3.2 percent to $5.56 billion.

Volvo’s quarterly profit fell 19 percent on pricing pressure and higher tariffs arising from the trade war between the United States and China.

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.

Tesla CEO Elon Musk warned investors the EV maker, facing slower U.S. sales and rising capital outlays overseas, expects to lose money again in the second quarter but return to profitability in the third quarter.

Former Nissan Mexico President Airton Cousseau will take over U.S. sales and marketing effective July 1, Nissan said.

Even as its new-vehicle sales slowed and new-vehicle margins tightened, Lithia Motors Inc. reported a gain in net income and record-high revenue in the first quarter.

A new book from a longtime Italian journalist who covers Fiat details the final days of the late Fiat Chrysler Automobiles CEO Sergio Marchionne — and some of the behind-the-scenes drama that took place last year atop the automaker.

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SOURCE: http://www.autonews.com/

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