As the automaker continues to keep tabs on recovering production in its native Japan, Toyota Motor Corp. also had to monitor its interests in the Southeast, where deadly tornadoes carved destructive swaths, especially in Alabama. The storms forced officials at Toyota Motor Manufacturing Alabama located in Huntsville, Ala., to idle their second shift as tornadoes […] [Read More]

Not only did the recent disasters in Japan have a significant downward impact on Honda’s most recent financial results, but it is keeping the Japanese automaker from being able to offer guidance for its next six-month and full-year fiscal periods. Honda’s consolidated net income swooned 38.3 percent for the January through March period (which is […] [Read More]

The chairman of Penske Automotive Group said Thursday he was pleasantly surprised at how strongly the company performed during the first quarter, as Penske enjoyed a 51.7-percent jump quarterly income. Penske rolled in $36.4 million of income from continuing operations, up from $24 million a year ago. The auto group reported that revenue was 15.3 […] [Read More]

With just days remaining in this month, Nissan Motor Co. shared that its April production volume is expected to be slightly above 40 percent of the actual production volume in April last year. In order to recover delays in April’s production because of the ongoing effects of the Japan earthquake, Nissan said it’s planning to […] [Read More]

Midwestern-based Zeigler Automotive Group announced its latest expansion this week, unveiling a new Chrysler Group store in Downers Grove, Ill. Zeigler Chrysler Dodge Jeep Ram will serve the greater Chicago area and currently has 40 employees. Plans are in the works to bring in 10 additional employees this year. The store also intends to reach […] [Read More]

While also discussing how used-vehicle operations can help offset Japanese production shortfalls, Asbury Automotive Group shared how it enjoyed a healthy gain in first-quarter adjusted income from continuing operations, thanks to both used- and new-vehicle unit sales climbing by more than 20 percent. Asbury revealed Wednesday that its adjusted income from continuing operations for the […] [Read More]

With summertime fast approaching, organizers of the Auto Remarketing Training Series want dealers armed with the best plan to find inventory that’s priced right and can turn quickly. Many experts are predicting that as some new-vehicle inventory becomes tight due to the Japan quake, late-model used vehicles could be the next best thing for customers. […] [Read More]

Lithia Motors recorded first-quarter earnings that nearly quadrupled the year-ago sum, enjoyed a 45-percent spike in new-vehicle revenue and also notched double-digit increases in used, F&I and service/body/parts revenues. Lithia’s first-quarter net income from continuing operations came in at $9.1 million, up from $2.3 million in the year-ago period. Results from both periods exclude non-core […] [Read More]

During the first quarter, Hertz Global Holdings trimmed its losses, improved its balance sheet and its U.S. car rental business and posted its best-ever adjusted pre-tax income. And it appears the rental-car giant may be in store for some more good news later this year, as it upped its 2011 guidance across the board. Looking […] [Read More]

Fueled by record used-vehicle sales, Sonic Automotive posted a robust first-quarter net-income jump. Company executives reported Tuesday that their net income came in at $14.9 million, up from $4.1 million generated in the first quarter of last year. As a result, Sonic determined first-quarter earnings from continuing operations were 27 cents per diluted share compared […] [Read More]