Recent News

Tenneco posts $350M net loss in Q2; Adient loses $325M

Both suppliers reported billions of dollars in lost revenue during the most recent quarter, but like other suppliers, mitigated the damage with major across-the-board expense cuts. ... Read More »

Economic Recovery Begins with Behavior

The auto market appears to be showing signs of recovery, but it’s too early to tell how far the recovery will go in the short term, and it’s more critical than ever to keep up with the changing perceptions of the industry. ... Read More »

F&I Saboteur

Customers are self-educating via the web, F&I duties have been divided between the sales desk and the F&I department, and someone has pushed the fast-forward button on digital retailing. Tune into this tip with Dwayne Wiggins of American Financial's F&I University. ... Read More »

New ZipDeal Tool for Auto Dealers Streamlines & Monetizes Gap Between Customer “Yes” and F&I Office

Creator Lindsay Automotive realizes $800 increase in PVR profit and up to 28% increase in protection product sales using ZipDeal’s personalized customer-driven delivery process. ... Read More »

GM kicks around an idea to seize on EV enthusiasm, report says

The idea -- to spin off GM’s EV operations as a standalone entity -- was raised with CEO Mary Barra during the automaker’s earnings call last week. People familiar with the matter told Bloomberg the idea was floated internally in 2018. ... Read More »

Carvana grows revenue but reports another loss for Q2; shares surge

Carvana said its sales began a swift rebound in late April. "Suddenly, buying cars online is becoming normalized," CEO Ernie Garcia said. Carvana shares surged 19 percent on the report. ... Read More »

Carvana grows revenue but reports another loss for Q2; shares surge

Carvana said its sales began a swift rebound in late April. "Suddenly, buying cars online is becoming normalized," CEO Ernie Garcia said. Carvana shares surged 19 percent on the report. ... Read More »

Russia's Yandex chooses Ann Arbor for long-term testing of AVs

Since 2017, the Russian tech company has conducted public-street testing in Moscow, Innopolis and Skolkovo in Russia. In the U.S., it has showcased its self-driving tech in Las Vegas and Detroit with safety drivers sitting in the passenger's seat. ... Read More »

Modern driver-assistance technology 'far from reliable,' AAA study says

AAA, which said it had met with industry leaders, called on automakers to improve the systems or risk alienating consumers likely to mistrust increasing vehicle automation. ... Read More »

VLF accuses Chinese EV startup Karma of stealing product plans

VLF Automotive, a niche carmaker co-founded by industry veteran Bob Lutz, claims in a suit it shared plans for a “luxury Humvee” with Wanxiang Group's Karma Automotive as part of a proposed deal to produce the vehicle for China, only to have Karma try to cut...

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