CARY, N.C. — Thursday marks the first of two Pre-Owned Road Shows to be held in Florida in the coming weeks — in Tampa on Feb. 11 and in Orlando on Feb. 16. These free training events will provide dealers with the latest information, tools and skills for selling more pre-owned units and profiting more in their […] [Read More]

CINCINNATI — Automobile Consumer Services recently unveiled the top 10 diesel-vehicle leases on LeaseCompare.com, and discovered that all of them were models from German manufacturers. Among the 10 units the site listed, three were made by Volkswagen and another three were from Mercedes-Benz. Two vehicles apiece from Audi and BMW appeared on this list, too. Site officials cited […] [Read More]

DEARBORN, Mich. — In what the automaker has called a proactive measure to fix a "brake-feel" issue, Ford announced late last week that it has issued a recall to update the software of the regenerative brake systems on some 2010 model-year Fusion Hybrids and Mercury Milan Hybrids. "We have received reports that some drivers have experienced […] [Read More]

WASHINGTON, D.C. — The National Highway Traffic Safety Administration announced a new formal investigation into Toyota vehicles on Thursday. This latest review from the NHTSA comes as complaints over the braking system on the 2010 Toyota Prius Hybrid model continue to grow in the U.S. The NHTSA said it is looking into allegations of momentary loss […] [Read More]

MEDFORD, Ore. — Sharing some preliminary results from the fourth quarter, Lithia Motors said Wednesday that it is expecting improvement in its adjusted earnings per share, but also noted that the company was downwardly impacted by product shortage and low inventory levels. Specifically, Lithia expects adjusted fourth-quarter diluted earnings per share to be between $0 and […] [Read More]

BLOOMFIELD HILLS, Mich. — In an early look at the company's fourth-quarter results, Penske Automotive Group's chairman said he is encouraged by a "strong" performance during the period that was boosted by the company's brand mix, solid results in its United Kingdom operations and cost-cutting strategies. Based on preliminary results, Penske predicts its income from continuing operations […] [Read More]

TORRANCE, Calif. — In a statement Monday, Toyota said it is now shipping parts to dealers to reinforce pedals and that dealer training is underway. To fix the eight affected models as quickly as possible, many dealers will work extended hours, with some even staying open 24 hours a day, the automaker said. Automaker officials are […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group positioned new incentives to take advantage of consumer apprehension about Toyota vehicles involved in recalls and sales suspensions. Specifically, Chrysler is offering current Tundra, Tacoma and Sienna owners an additional $1,000 trade-in bonus cash with the purchase or lease of any new Chrysler, Jeep, Dodge car or Ram truck. Furthermore, […] [Read More]

AUBURN HILLS, Mich. — Despite some reports that Chrysler was considering a lawsuit to stop the arbitration process, the automaker released a statement Thursday announcing that it will comply with the legislation. "The company looks forward to expeditious completion of the process. A robust dealer network is a critical component of the group's strategy of rebuilding […] [Read More]

DEARBORN, Mich. — In what was one of the most tumultuous and unprecedented years in automotive history that saw the bankruptcy of its domestic rivals, Ford recorded positive full-year net income for the first time in four years and closed 2009 on a high note with a strongly profitable fourth quarter.  What's more, Ford executives expect to see another […] [Read More]