Sonic tries no-haggle F&I prices

Sonic Automotive Inc., the nation's third-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »

Subprime segment grows

A recent study shows how the credit crisis and recession have caused a jump in the number of high-risk borrowers. In April 2008, 24.1 percent of the creditworthy population in the United States had a credit score under 600. That number swelled to 25.... Read More »

New FICO 8 credit score seen as boost to auto loans

Dealers typically want lower cutoffs on credit scoring to make loan and lease approvals easier, and the latest generation of FICO score could help. Fair Isaac Corp.... Read More »

Ford pays hefty price for avoiding Chapter 11

On July 23, when Ford announced second-quarter net income of $2.6 billion, CFO Lewis Booth sounded one cautionary note: Ford's ability to pay off $7 billion in debt was "one of the high points of the quarter."... Read More »

IPO papers: GM needs strong profits

General Motors Co. filed the paperwork last week to go public. Here are highlights.... Read More »

GM IPO touts global vehicles, engineering, low-cost plants

General Motors Co. is touting its global reach to potential investors.... Read More »

Aftermarket rivalry: GPS vs. LoJack Anti-theft tracking systems that use global positioning satellites and cell phone technology are fighting for customers in the F&I office against the older, radio-based LoJack device. Aug. 23, 12:01 am U.S. ET

GM IPO filing calls Ally partnership a risk There's another sign that General Motors Co. could be distancing itself from its former captive finance company. Aug. 23, 12:01 am U.S. ET

Magna's plan back in court Magna International Inc., North America's largest auto parts maker, said some shareholders will appeal a court's approval of a plan to end the company's dual-class share structure, Bloomberg reported. Aug. 23, 12:01 am U.S. ET

The East is in the Red China's exports of vehicles and auto parts rose in the first half of 2010, but not nearly so fast as its imports. Aug. 23, 12:01 am U.S. ET

Carmakers eye vehicle finance to drive China growth Shanghai resident Jiang Qinxia is just the kind of guy that global automakers like General Motors Co. Aug. 17, 6:16 am U.S. ET

Chrysler's operating profit is up in 2nd qtr. Chrysler Group posted a second-quarter net loss but reported an operating profit of $183 million, a $40 million improvement over the first quarter. Aug. 16, 12:01 am U.S. ET

GM's improper donations | Aug. 16

Feds will begin efforts to simplify auto loan forms | Aug. 12

Ally diversifies, doesn't fret about GM-AmeriCredit deal | Aug. 9

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