GM is shielded from some ignition-switch suits, ruling findsAuto News

General Motors will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a federal bankruptcy judge ruled Wednesday.



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Cadillac Gives ELR a Jump (4/15/15)

Brand slashes price, boosts power of struggling Volt derivative; Toyota’s Mexico plans;...

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Hyundai may add Mexico plant as local auto sales increaseAuto News

Hyundai may build a factory in Mexico once the company's domestic auto sales rise, joining affiliate Kia Motors in Latin America's top vehicle-producing market, a top Mexican executive said Tuesday.



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GM launches software that flags recalled vehicles on dealer lotsAuto News

General Motors is rolling out new software this month for dealerships to make it harder for them to mistakenly sell a new vehicle that's subject to a recall, without first performing the recall work as required.



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Dealership gross profits see bigger impact from FandI Auto News

The average dealership gained more from FandI last year, even though retailers' overall sales penetration for products such as extended service contracts and GAP dropped a fraction of a percentage point. On average, FandI accounted for 39.



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Tesla awaits OK from governor to sell directly in MarylandAuto News

Tesla will be granted up to four licenses in Maryland if the governor signs a bill supported by the Maryland Automobile Dealers Association.



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New Black Book exec looks to help dealers close loans, leases fasterAuto News

Barrett Teague, Black Book's new vice president of lender solutions, says dealership FandI managers are never far from his mind. In part that's because he's been an FandI manager himself. Teague, 43, joined Black Book on April 6.



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FCA sale of Ferrari stake unlikely to exceed 10% after all Auto News

Fiat Chrysler does not expect to sell more than 10 percent of Ferrari in a planned initial public offering, CEO Sergio Marchionne said today, in a change of heart from a month ago.



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Marchionne will show data supporting industry need for consolidationAuto News

Fiat Chrysler Automobiles CEO Sergio Marchionne says he will produce data to back up his ongoing calls for consolidation in the auto industry.



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Wells Fargo, Chase adopt different lending approachesAuto News

Wells Fargo and JPMorgan Chase, two of the biggest banks in auto finance, adopted opposite lending strategies in the first quarter.



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Dealerships' gross profit from FandI climbsAuto News

The average dealership made more money from FandI last year, even though retailers' overall sales penetration for products such as extended service contracts and GAP dropped a fraction of a percentage point. On average, FandI accounted for 39.



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2016 Cadillac ELR to get $10,000 price cut, more powerAuto News

Cadillac said it will slash $10,000 from the price of the light-selling ELR plug-in hybrid for the 2016 model year. The sticker price will drop to $65,995, including shipping, from $75,995, after 18 months of miniscule sales of the sleek coupe.



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Toyota investments in Mexico, China to usher in new cost-efficiency strategyAuto News

Opening its purse after a three-year expansion freeze, Toyota announced plans today to spend nearly $1.



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Marchionne says sale of Ferrari stake unlikely to exceed 10% after allAuto News

Fiat Chrysler does not expect to sell more than 10 percent of Ferrari in a planned initial public offering, CEO Sergio Marchionne said today, in a change of heart from a month ago.



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Toyota to announce details on Mexico factory; Corolla production will move from Canada to new plant, report saysAuto News

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said.



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Toyota to announce details on new Mexico factory; Corolla production will move from Canada to new plant, report saysAuto News

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said.



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