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Honda's credit rating outlook lowered by Moody's

12:29 pm U.S. ET | Feb. 6, 2012
Honda’s credit rating outlook was dropped from stable to negative by Moody’s Investors Service over concern the automaker faces challenges in regaining its market position due to growing competition, Bloomberg reported today.... Read More »
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Mitsubishi to end production in western Europe

3:37 am U.S. ET | Feb. 6, 2012
Mitsubishi says it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak. The facility makes the Colt subcompact and the Outlander SUV, but accounted for less than 5 percent of Mitsubishi's global output of 1.1 million vehicles in the year to last March.... Read More »
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Toyota, Honda begin to rebuild

12:01 am U.S. ET | Feb. 6, 2012
An early trend: Last year's three big sales winners -- Chrysler Group, Hyundai-Kia and Volkswagen of America -- continued to drive the market in January. An early subplot: American Honda and Toyota Motor Sales U.S.A. have begun their long-awaited sales recoveries after a tough 2011.... Read More »
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Toyota, Honda aim for record global sales in 2012

12:01 am U.S. ET | Feb. 6, 2012
Toyota Motor Corp. and Honda Motor Co., the carmakers worst hit by Japan's March earthquake, forecast big rebounds to record global sales this year because of new models and restored supply.... Read More »
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NEWS ANALYSIS

Chrysler breaks through, but there were other winners, too

10:17 pm U.S. ET | Feb. 5, 2012
Last year automotive advertisers emerged from their recession bunkers and flocked back to the Super Bowl. This year, automakers unleashed another flood of ads -- and another bold effort from Chrysler stood out.... Read More »
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Mitsubishi: 25% sales gain by '14

8:32 pm U.S. ET | Feb. 5, 2012
The president of Mitsubishi Motor Sales North America says the company is on target to introduce its first plug-in hybrid SUV in 2013, but said the name isn't certain. "We haven't decided to call it an Outlander or something else," Yoichi Yokozawa, said after the Mitsubishi make meeting Sunday.... Read More »
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DealersMore »

Bush defends GM, Chrysler loans

10:17 pm U.S. ET | Feb. 6 2012
Former President George W. Bush on Monday defended approving the bridge loans that kept General Motors and Chrysler Group alive during the 2008 U.S. financial crisis.... Read More »
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Finance & InsuranceMore »

Volvo establishes captive finance arm

4:30 pm U.S. ET | Feb. 5 2012
Volvo Cars of North America is launching a captive finance arm, and services will begin this year. Bank of America will provide funding for Volvo Car Financial Services' financing products.... Read More »
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MarketingMore »

GM seeks Volt boost from California carpool lanes, Super Bowl ad

3:30 am U.S. ET | Feb. 6 2012
GM hopes its plug-in Chevrolet Volt, stung by safety concerns, can get a sales boost from a version due next month that lets solo California drivers use carpool lanes and a Super Bowl ad touting its technology.... Read More »
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RemarketingMore »

Manheim report sees positive trends in leasing

12:01 am U.S. ET | Feb. 6 2012
In 2011, 20 percent of the 10.6 million new vehicles counted as sold in the United States at retail, excluding sales to fleets, were leased, one percentage point higher than in 2010, says the Manheim 2012 Used Car Market Report. More important than the percentage gain, the report concludes, is that the industry got leasing right last year, at least "for the most part."... Read More »
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Service & PartsMore »
FIXED OPERATIONS

Dealer uses service clinics to build loyalty

12:01 am U.S. ET | Feb. 6 2012
Dealer Bob Rountree says that about 70 percent of his new- and used-vehicle buyers at his two Ford Motor Co. stores are repeat customers. Rountree credits much of his success to an epiphany he had 10 years ago: He would offer a service clinic once each quarter to his buyers of both new and used vehicles.... Read More »
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NADAMore »

NADA survey: Hyundai dealers are most satisfied

12:01 am U.S. ET | Feb. 6 2012
Hyundai, Subaru and Lexus dealers are the most satisfied, a National Automobile Dealers Association survey shows. For the third straight survey period, Hyundai finished first overall while Kia was fourth. The twice-yearly survey measures franchised new-car dealers' satisfaction with their brands and the policies of the automakers behind them.... Read More »
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Final AssemblyMore »
FINAL ASSEMBLY

Updated version of 'Rambo Lambo' SUV is on the way

12:01 am U.S. ET | Feb. 6 2012
Before the heyday of big SUVs in the 1990s, Lamborghini departed from its script and introduced the LM002 -- a muscular off-roader that was built in small numbers from 1986 to 1993. The "Rambo Lambo" was seen as an oddity for a company famed for such distinguished high-performance sports cars as the Miura and Countach.... Read More »
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