Service & Parts
Mini

Visteon to exit bankruptcy in hands of bondholders

1:45 pm U.S. ET | Aug. 31
Visteon received court approval on Tuesday for its bankruptcy reorganization, ending a 15-month fight among hedge funds, lenders and an industry giant for a piece of the revived auto parts maker.... Read More »
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Ford recalls 575,000 Windstar minivans on axle-fracture risk

12:36 pm U.S. ET | Aug. 27
Ford Motor Co. said it is recalling 575,000 Windstar minivans in the U.S. and Canada because rear axles may corrode and break.... Read More »
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Toyota, GM recall 1.3 million vehicles for stalling

12:46 pm U.S. ET | Aug. 26
Toyota Motor Corp. and General Motors Co. today announced recalls of 1.3 million vehicles from the 2005-2008 model years following complaints of engine stalling.... Read More »
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Jeep Grand Cherokee under U.S. probe for possible fuel tank defects

1:12 pm U.S. ET | Aug. 24
Federal regulators have opened an investigation into 3 million Jeep Grand Cherokees to determine whether more than a dozen post-crash fires and deaths are connected to the placement of the SUV's fuel tank.... Read More »
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Former Chrysler COO Ridenour joins UQM Technologies, is in line to become CEO

1:48 pm U.S. ET | Aug. 23
Former Chrysler COO Eric Ridenour has been named president and COO of UQM Technologies Inc., a Colorado developer of alternative energy technology. The appointment is effective Sept. 1. In addition, Ridenour will become CEO on Dec.... Read More »
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Magna shareholders to appeal ruling on stock plan

11:29 am U.S. ET | Aug. 18
Magna International -- Canada's largest auto-parts maker -- said some shareholders will appeal a court's approval Wednesday of a plan to end the company's dual-class share structure.... Read More »
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Sales

AutoNation to bid on ‘multiple' Fiat franchises

10:46 am U.S. ET | Sept. 2
AutoNation Inc. said today it plans to bid on "multiple" Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation. AutoNation intends to seek multiple Fiat franchises, although it hasn't determined how many or where, he said.... Read More »
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Dealers

Lincoln future product and branding tops Ford's to-do list

2:53 pm U.S. ET | Sept. 3
Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a “point of view,” company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.... Read More »
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Finance & Insurance
FINANCE & INSURANCE

Sonic tries no-haggle F&I prices

12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-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 »
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Marketing

Ford's Raptor pickup boasts bigger engine, more seats

8:44 am U.S. ET | Sept. 3
Ford dealers begin taking orders today for the 2011 F-150 SVT Raptor pickup, featuring a larger standard engine and more seating capacity. For starters, all 2011 Raptors will come standard with a 6.2-liter V-8, rated at 411 hp and 434 lb-ft of torque. The 6.2-liter engine was an option on the 2010 Raptor, while a 320-hp 5.4-liter V-8 was the base engine.... Read More »
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Remarketing

Prices of used SUVs, crossovers surge 30% from last year, Edmunds says

4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More »
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NADA

As business improves, dealers increase their giving

12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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