CarMax is gearing up for store growthAuto News

The nation's largest used-vehicle retailer opened two used-car stores in March and plans to open 28 to 43 more by the end of February 2017. The fiscal year that ended Feb. 28 marked the first time the company's annual sales exceeded 500,000 vehicles.



from Automotive News Breaking News Feed http://ift.tt/QNhnUe

Source Auto News

Lexus weighs the best way to add 7-seat crossoverAuto News

Lexus plans to offer a seven-seat crossover, either by bringing out a new vehicle or by increasing the size of the venerable RX 350.



from Automotive News Breaking News Feed http://ift.tt/QNhnUa

Source Auto News

Quiz: Ford's Fields rises, the UAW retreats, and Chrysler's brand turns 100Auto News

How well did you pay attention to the industry? Take our news quiz to find out.



from Automotive News Breaking News Feed http://ift.tt/1fBa7Rw

Source Auto News

More Clout for UAW at GM (4/25/14)

Union VP nominated to board; Asia a hot spot for cooling Ford; April sales outlook; Honda robot gets...

from TumblrCynthia Lin

UAW's Ashton nominated for GM boardAuto News

UAW Vice President Joe Ashton has been nominated to become the first representative from the union to join General Motors' board of directors, the company said in its proxy statement filed today.



from Automotive News Breaking News Feed http://ift.tt/1hv1xb2

Source Auto News

Peugeot shareholders back plan for $4.2 billion capital hikeAuto News

PSA Peugeot Citroen owners voted to support a 3 billion-euro ($4.2 billion) capital increase to boost funding at Europe's second-largest carmaker, which has been unprofitable for the last two years.



from Automotive News Breaking News Feed http://ift.tt/1huXBa5

Source Auto News

GM doubles size of Korean design center, hub for small-car developmentAuto News

GM has doubled the size of its South Korean design center to take on a host of new tasks, from full-scale modeling to 3-D printing, as the carmaker aims to fortify its global hub for small-car development, design and manufacturing.



from Automotive News Breaking News Feed http://ift.tt/1fzYOcd

Source Auto News

Chrysler shifts IT contract to IBMAuto News

Fiat has taken another step toward fully integrating its wholly owned subsidiary Chrysler Group by merging its global information technology platforms under one IBM banner.



from Automotive News Breaking News Feed http://ift.tt/1hwXTJe

Source Auto News

Infiniti seeks 'influencers' as part of ad account reviewAuto News

Infiniti will celebrate its 25th anniversary in the United States this November and the luxury brand is conducting a review of its global advertising account that basically amounts to a relaunch of the brand.



from Automotive News Breaking News Feed http://ift.tt/1huu8gJ

Source Auto News

GM reshapes executive incentive pay to target profits, market share, quality Auto News

GM is reshaping executive incentive packages based on earnings, global market share and quality. GM began making the changes after the U.S.



from Automotive News Breaking News Feed http://ift.tt/1huu8gu

Source Auto News

Ex-Porsche CEO Wiedeking won't face criminal trial over VW bidAuto News

Ex-Porsche CEO Wendelin Wiedeking and ex-CFO Holger Haerter won't stand trial on market manipulation charges over the use of options in a failed bid to acquire Volkswagen.



from Automotive News Breaking News Feed http://ift.tt/1feHZJ4

Source Auto News

Honda taps Asimo for edge in driverless-car race Auto News

Asimo, Honda's kid-sized robot, is the product of three decades of work in image processing, voice recognition and artificial intelligence -- essentially, the pursuit of judgment by a machine.



from Automotive News Breaking News Feed http://ift.tt/1fzz67J

Source Auto News

Chrysler shifts IT contract to IBMAuto News

Fiat has taken another step toward fully integrating its wholly owned subsidiary Chrysler Group by merging its global information technology platforms under one IBM banner.



from Automotive News Breaking News Feed http://ift.tt/1mHuO37

Source Auto News

Denso posts record profit for 2013-14Auto News

Japanese auto parts maker Denso Corp., backed by a weaker yen and strong sales in Japan and North America, posted its highest-ever operating profit for the financial year ended March 31.



from Automotive News Breaking News Feed http://ift.tt/1hufg1J

Source Auto News

EPA finds automakers 'off to good start' on cutting emissionsAuto News

Automakers beat government goals for the first year of President Barack Obama's new fuel economy standards, with only Jaguar Land Rover lacking enough EPA-issued credits to cover its obligations through the 2012 model year, according to an analysis...



from Automotive News Breaking News Feed http://ift.tt/QLutBi

Source Auto News

Ford Q1 net falls 39% on weaker pricing, higher warranty costsAuto News

Ford's first-quarter net income fell 39 percent from the same period a year ago to $989 million on weaker pricing in the United States and higher warranty expenses.



from Automotive News Breaking News Feed http://ift.tt/QETKgO

Source Auto News

Lear's first-quarter profits rise 12%; 2014 outlook raisedAuto News

Lear reported a 12 percent rise in first-quarter profits, driven by an increase in global vehicle production, and raised its full-year sales outlook.



from Automotive News Breaking News Feed http://ift.tt/QETK0j

Source Auto News

Honda forecasts sharp slowdown in profit growthAuto News

Honda on Friday forecast a 3.6 percent rise in net profit for the year ending March 31, below analyst estimates and a sharp slowdown from last year, as foreign exchange rates stabilize after a steep decline in the yen boosted earnings.



from Automotive News Breaking News Feed http://ift.tt/1lNNA7P

Source Auto News

Mazda targets $2.3 billion operating profit by 2015-16Auto News

Mazda raised its mid-term profit target on Friday and said it aims to post 230 billion yen ($2.3 billion) in annual operating profit by the financial year ending in March 2016 after it hit its earlier target two years in advance.



from Automotive News Breaking News Feed http://ift.tt/1fadZ16

Source Auto News