Author: Automotive News n Feed
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AutoNews Now: What suppliers want from Trump
What suppliers want from Trump; Plug-in to outpace original Prius?; Barra: PSA purchase of Opel, Vauxhall mutually beneficial; Hyundai teases ’18 Accent; Lambo recalls $4M car.
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Lenders, help borrowers break the subprime cycle
Americans have mostly recovered from the 2008-09 recession, but it can still be difficult for many subprime consumers to bounce back, especially when interest rates are high and auto insurance costs are almost as much as the loan itself.
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Finance portal offers ‘one-stop shop’ for dealership staffs
To help dealership employees access data needed to close deals faster, ChannelNet, with Hyundai Capital America, has upgraded its dealer portal, adding mobile use and customizing it to fit the duties of multiple staffers.
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Ford store&’s backdated contracts weren&’t improper, court rules
A Ford store in Riverside, Calif., didn’t violate the state’s Automobile Sales Finance Act when it backdated replacement contracts for finance deals rejected by lenders, the state Supreme Court unanimously ruled.
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First Shift: Barra visits Opel amid sale talks
Barra visits Opel amid sale talks; VW, Bosch deals win preliminary OK; Toyota recalls fuel-cell Mirai; Ford Focus, Audi A6 spied; 94-day supply of Buicks; Musk, man and machine.
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GM, PSA bosses try to sell Europe deal amid German, UK worries
General Motors and PSA bosses are striving to calm worried governments in Germany and the UK over their plans for the French automaker to buy GM’s Opel/Vauxhall business.
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GM, PSA bosses defend Opel deal under political fire
GM and PSA mobilized their CEOs to defend the PSA’s planned acquisition of GM’s Opel against a German-led backlash that could derail the deal even before its terms are finalized.
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Opel CEO mulls making the automaker into a pure electric brand, report says
Opel CEO Karl-Thomas Neumann has been working on a strategy to turn the automaker into an electric car only brand in parallel to parent GM discussing a potential sale of the division to PSA, a German business magazine reported, citing company…
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GM CEO Barra at Opel HQ for talks with management
General Motors CEO Mary Barra and President Dan Ammann are at Opel’s headquarters in Ruesselsheim, Germany, after PSA and GM on Tuesday said they were exploring a potential deepening of strategic initiatives, including a sale of Opel to the French…
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Barra says PSA-Opel deal would benefit both companies
General Motors CEO Mary Barra told employees that combining GM’s Opel and Vauxhall business with PSA’s brands would be beneficial for both companies