Become a Member of Dealer Trade News Here

"Late Breaking Auto Industry News-Updated Daily "

HOME

Manheim Signs Agreement To Purchase Dealer Services Corporation


Acquisition Provides Access To Broader Offerings To Meet Dealer Inventory Financing Needs . More

Ford Falls Short Of Profit Estimates

Alan Mulally, president and chief executive officer of Ford Motor Co., laughs during a panel discussion at the 2012 International Consumer Electronics Show (CES) in Las Vegas. (Daniel Acker/Bloomberg)

(Bloomberg) - Ford Motor Co. (F) posted fourth-quarter profit that fell short of analysts’ estimates as overseas operations dragged down results while a one-time tax gain resulted in the company’s biggest annual profit since 1998. More

Nissan To Build $2 Billion Mexico Plant, Sidestepping Security Concerns

(The Miami Herald) - MEXICO CITY - In a sign that global manufacturers are looking beyond Mexico's security woes, Nissan said Wednesday that it will invest $2 billion in a new auto plant in Aguascalientes, a central city that has seen problems with crime groups. More

Chrysler Unveils "World" Training Facility

(The Detroit News) - Chrysler Group LLC on Tuesday opened a state-of-the-art training center in Warren, designed to teach its workers the principles of "World Class Manufacturing." More

Toyota Cutting 350 Jobs In Australia

(Reuters) - Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, ... More

CarMax Adding Nearly 1,000 Jobs, Including 57 Locally

(Richmond Times-Dispatch) - Automotive retailer CarMax Inc. is adding nearly 1,000 employees nationwide, including 46 at its corporate offices... More

GM Again World's Largest On Strong Chevy Sales

(The Detroit News) - General Motors Co. says it sold more than 9 million cars and trucks worldwide last year - a 7.6 percent increase that allowed the company... More

Youngman Eyes Fresh Bid For Saab: Sources

(Reuters) - Chinese group Zhejiang Youngman Lotus Automobile could make a fresh bid for failed Swedish carmaker Saab next week, ... More

Darling’s Buying Morrison Chevrolet In Ellsworth

(Bangor Daily News) - ELLSWORTH, Maine - Darling’s Auto Group is expanding its presence in Ellsworth by purchasing Morrison Chevrolet. More

Fewer Vehicles, Slower Economy Pose Challenges For Used-Car Dealers

(West Central Tribune ) - WILLMAR - Fewer vehicles and a slower economy are posing challenges for used-car dealers. More

BMW Recalling Mini Coopers After Fires, U.S. Auto-Safety Regulator Says

(Bloomberg) - Bayerische Motoren Werke AG (BMW) is recalling 88,911 Mini Cooper cars because of a defect that has caused fires, ... More

China’s Auto Sales Growth Trails U.S. For First Time In At Least 14 Years

(Bloomberg) - China’s auto sales slowed last year, trailing growth in the U.S. for the first time in at least 14 years, after the government ended stimulus ... More

GM Exec Says January U.S. Sales Strong So Far

(Detroit Free Press) - General Motors' top North American executive says U.S. auto sales have been strong in January. More

John Elway, Partners In Manhattan Beach Dealership Face Bias Suit

(Los Angeles Times) - A former sales manager at John Elway’s Manhattan Beach Toyota dealership filed a lawsuit accusing the outlet’s general manager ... More

Tata Nano CNG Unveiled, Nano Diesel Not Coming Soon

(wheelomania) - Tata Nano has launched the Nano CNG for the Indian market however the bad news is that as expected the Nano Diesel is not coming... More

Mystery Of Tata Nano Catching Fire Continues, This Time In Delhi
(wheelomania) - The mystery of Tata Nano catching fire continues, ... More

Dealer’s Best December In Five Years Follows U.S. Sale Ads: Cars

(Bloomberg) - U.S. consumers, who are more confident than they have been in eight months, were lured to auto showrooms by holiday discounts and may have... More

Toyota Still Tops But Perception Gap Narrows Among Car Brands

(Los Angeles Times) - The top car brands seem to be losing their importance in the eyes of consumers as competition across the industry heats up. More

Audit Rips Exec Pay In Bailouts

(The Detroit News) - Washington - An audit released Tuesday criticized the U.S. Treasury Department's decision to allow firms that got large government ... More

GM Faces Task Of Rebuilding Volt Image After NHTSA Probe Ends

(Bloomberg) - General Motors Co. begins the task this week of repairing the image of its Chevrolet Volt plug-in vehicle after federal regulators closed their... More

Hyundai Rattles Volkswagen In Europe After Winning In U.S.

(Bloomberg) - Volkswagen AG threw a party for 120 guests at New York's Museum of Modern Art in early January to mark a breakthrough year in the U.S. ... More

City Business Loses License

(The Sun Chronicle) - ATTLEBORO - A South Attleboro used car dealership where police and federal agents say they found $500,000 worth of heroin and five... More

Tamiami Ford In East Naples Undergoes $3 Million Makeover

(Naples Daily News) - An East Naples auto dealership underwent a $3 million makeover aimed at enhancing the car-buying experience for customers. More

Newport News Luxury Car Dealership's Closing Still Creating Ripple Effect

(Daily Press) - NEWPORT NEWS - Edwina and Wendell Harris owe about $28,000 on a loan for a 2010 Chevrolet Camaro they never received or even saw. More

Tesla Motors Says It's On Target With Model S Electric Car

(Detroit Free Press) - Executives of Tesla Motors said they are on track to begin making their Model S electric car this summer and CEO Elon Musk tried to... More

BMW Expansion Will Add 1,000 Jobs At Its S.C. Plant

(lansingstatejournal) - GREER, S.C. - BMW said Tuesday it will add 300 jobs this year - and 700 more in the next three years - as part of a $900 million ... More

Ford Recalls 525,000 Vehicles For Fire, Power Loss Problems

(The Detroit News) - Ford Motor Co. is recalling more than 270,000 Ford Escapes from the 2001-02 model years for a fire risk, ... More

Scrappy Automakers Take Potshots At Rivals

(The Detroit News) - Automakers are taking off the gloves in the battle to new win customers, as they launch dozens of new products in a fiercely competitive environment. More

Photos: Tuesday at the North American International Auto Show

Ford Motor Credit Sells $1 Billion Of Bonds As Auto Sales Climb

(Bloomberg) - Ford Motor Credit Co. (F1), the finance unit of the second-largest U.S. automaker, sold $1 billion of bonds as the pace of car sales quickens. More

Marchionne Can’t Deliver 6M Sales On EU Slump

(Bloomberg) - Sergio Marchionne’s plans to propel car sales at Fiat SpA (F) and Chrysler Group LLC to the 6 million mark he says is needed to guarantee... More

U.S. Auto Industry To Post Another Good Sales Year

(The Detroit News) - Detroit - After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth - the result of easier credit, ... More

China Stops Encouraging Foreign Investment In Auto Manufacturing

(Bloomberg) - China will stop encouraging foreign investment in car manufacturing to allow for “healthy development” of a market that saw sales growth... More

Honda’s Ito Forecasts Business Results To Be Best In At Least Five Years

(Bloomberg) - Honda Motor Co. (7267) President Takanobu Ito forecast that business results at Japan’s third-biggest carmaker will climb to the highest in... More

Ford Unveils A Fusion For NASCAR Racing That Looks Like A Fusion

(Detroit Free Press) - The Ford Fusion will be back for the 2013 NASCAR season and for the first time in years the race car will be recognizable as a Fusion. More

Auto Dealers Going For The Woo Factor

(Wisconsin State Journal) - As new vehicle sales begin to rebound from the recession, many area dealers are spending big money again to remodel,... More

Take A Ferrari Or Lamborghini For Ride

(SunSentinel) - A joyride on the Florida Turnpike in a Ferrari F430 is a hassle. For starters, there are state troopers on patrol. More

Car Dealership Opens At Long-Abandoned Halsted Street Building

(ChicagoHeightsPatch) - CarHop comes to Chicago Heights with plans to move cars and credit scores. More

Average Age Of Cars, Trucks Hits 10.8 Years, Sets Record

(The Detroit News) - Washington - Americans are holding onto their cars and trucks longer than ever. More

Volkswagen, BMW Post 2011 European Gains As Region’s Sales Drop

(Bloomberg) - Volkswagen AG (VOW3), Bayerische Motoren Werke AG (BMW) and Daimler AG (DAI) posted 2011 sales gains in Europe even as the auto industry as a whole contracted in the region. More

Ohio, Missouri Govs Court Auto Industry For Investment

(The Detroit News) - The governors of Ohio and Missouri were doing more than shopping for cars Thursday at the North American International Auto Show. More

Glitz Returns To Detroit Auto Show

(news.com.au) - GLAMOUR and glitz has returned to the Detroit car show as once-struggling General Motors served champagne at a sneak peek ... More

Ford Bets Revamped Global Fusion Can Topple Camry

(Reuters) - As Ford Motor Co designers completed work on the new Fusion sedan, word came back from China: focus groups hated the headlights. More

Detroit Seeks Salvation During Big 3's Victory Dance

(Reuters) - Bill Perkins, a Detroit-area car dealer, has ample reason to raise a glass in the early days of January. More

BMW Projected To Beat Mercedes In U.S. 2011 Luxury Vehicle Sales

(Bloomberg) - Bayerische Motoren Werke AG (BMW)’s BMW brand may have outsold Daimler AG (DAI)’s Mercedes-Benz last month to cement its victory... More

Manheim Imperial Auto Auction Closure Displaces Buyers, Sellers And Employees; Lays Off 121

OPINION By Kemel Cereceda Publisher of DealerTradeNews.com - Updated 11-28 ... More

- More Automotive News

AP
Bloomberg
Detroit News
Detroit Free Press
Reuters
Wards

- Buy-Sell-Research

AutoTrader
Craigslist
ebay
Edmunds
Kelley Blue Book
Manheim

Kemel Cereceda PUBLISHER