Author: Automotive News n Feed

Group 1 Automotive hit a record $1,636 in FandI gross profit per unit in the fourth quarter, likely becoming the new leader in the FandI race among the six largest publicly traded new-vehicle retail groups.

Ahead of January’s National Automobile Dealers Association convention in New Orleans, Automotive News interviewed 25 dealer council chairs, or dealers holding the equivalent position, representing 31 brands.

Many dealers are afraid of making compliance a priority, and that fear could be getting in the way of better performing FandI managers, according to Greg Kostern, business operations director at Johnson Automotive.

VW Group’s works council has accused executives including brand chief Herbert Diess of undermining a cost-cutting deal forged late last year.

VW Group’s works council has accused executives including brand chief Herbert Diess of undermining a cost-cutting deal forged late last year.

VW Group’s works council has accused executives including brand chief Herbert Diess of undermining a cost-cutting deal forged late last year.

BMW’s new 7-series sedan will get a gasoline-powered twin-turbo variant with 610 hp, a boost of 70 hp on the flagship model’s most powerful predecessor. The upgrade means the new 7 series can go 0 to 100 kph in 3.7 seconds compared with 4.

BMW has picked Skoda executive Jozef Kaban to lead design at its namesake brand, a move that fills the hole left by Karim Habib’s departure last month and helps address some of the upheaval at the luxury carmaker’s styling department.

New-car sales in Russia fell 5 percent last month, despite predictions from the country’s industry association and other market watchers that registrations would begin to rebound.

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