All six public new-vehicle dealership groups improved average FandI gross profit per unit in the first quarter, driven primarily by FandI training and an increase in product sales.
When FandI and sales departments team up, dealerships sell more FandI products, especially on used vehicles, finance managers and dealers say.
VW Group's labor leaders should focus on staff-related matters and not get involved in other aspects of management, Wolfgang Porsche, the head of VW's controlling shareholder group, told a German news magazine
Ford Smart Mobility and Zotye Auto have signed an MOU to establish a new 50/50 JV to "focus on providing smart, customised, all electric vehicle solutions to fleet operators and drivers in China's fast growing ride hailing market".
Opinion
2 May, 2018
Jonathan Burn looks at the stigma of being 'Made in China' and whether European manufacturers will soon be importing from China
ZF has joined the recently established Mobility Open Blockchain Initiative (MOBI) as a founding member.
Volkswagen Group of America has named a new head for its Electrify America organisation.
Avtovaz Renault Nissan Purchasing Organisation's (ARNPO) scale in Russia is quite staggering in a country which specialises in the colossal and the gigantic. ARNPO Alliance localisation director, Denis Chirkov outlined some of the issues in this challenging country, but which is coming back strongly after years of recession at the recent Russian Automotive Forum organised by Adam Smith Conferences in Moscow.
Aptiv, the mobility-focused supplier conglomerate formed late last year after Delphi sold off its powertrain operations, reported sales and profit rises for the first quarter of 2018.
After months of growth April new vehicle registrations in New Zealand dipped 2% year on year in April to of 10,423 units, reflecting the local Motor Industry Association said, "a stable market".
Tesla is being sued by Nikola Motor, which makes hydrogen-powered semi-trucks, in a lawsuit alleging design patent infringements.
Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor, Li Shufu, turn unexpectedly hostile.
The reelection of the Porsche-Piech clan's leader and the appointment of a marketing expert to Volkswagen Group's supervisory board are being opposed by investment advisory firm Hermes EOS.
Power management company Eaton Corporation announced that earnings per share were US$1.10 for the first quarter of 2018, an increase of 15% over the first quarter of 2017. Net income was $488m, up 12% over the first quarter of 2017.
Lear workers in Ajax, Ontario, widely rejected a tentative labor deal, prolonging a strike at a facility that supplies seats to a nearby Fiat Chrysler plant.
Hyundai sees Europe as a key market for its Nexo fuel cell car because the region has more advanced plans than other global markets to expand its refueling infrastructure.
French registrations rose 9 percent in April, led by strong gains at Dacia, Hyundai, Kia, Fiat and DS.
Volkswagen Group Rus says it has learned from the crisis years not to rely too heavily on imported components as a weak rouble made imports uncompetitive.
News
2 May, 2018
Coroner hears BMW was aware of electrical defect, which caused cars to lose power and lighting
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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