Pick a line on its financial statement — operating profit, revenue, worldwide deliveries — and Audi Group posted superlatives that helped the luxury automaker wrap up the 2010 fiscal year with record results. Company executives revealed Tuesday their 2010 operating profit spiked by 108.2 percent to 3.340 billion Euros, up from 1.604 billion Euros during […] [Read More]

Toyota holds its Global Vision conference today, where it is expected the automaker will delve into its future goals for worldwide operations, according to Edmunds.com. The site went on to share many of the strides Toyota has made this year — including especially robust February sales and a rosier outlook for the company’s operating profits […] [Read More]

Group 1 Automotive broadened its dealership footprint in the Dallas market this week. Executives revealed the dealership group has acquired Metro Volkswagen in Irving, Texas. The company said the dealership will augment Group 1’s four existing dealerships in the Dallas-metro area. The rooftop is expected to generate approximately $25 million in estimated annual revenues. “Volkswagen […] [Read More]

During February the industry’s certified pre-owned sales continued the momentum from the solid start to 2011 and posted double-digit year-over-year gains. February, of course, also was a month where fuel costs surged and a few automakers offered their perspectives to shed some light on how the CPO market is faring during this gas-price surge. [Read More]

The National Highway Traffic Safety Administration shared details about Toyota and Chrysler recalling more than 42,000 U.S. vehicles combined in separate cases. Starting with Toyota’s recall, NHTSA indicated that the automaker is recalling five different vehicles from the 2008 through 2011 models years to address the tire pressure monitoring and regulating systems. The specific models […] [Read More]

Mitsubishi Motors Corp. revealed late last week the new president and chief executive officer of Mitsubishi Motors North America replacing Shinichi Kurihara, who is returning to the automaker’s base operations in Japan. Taking his place at the helm of MMNA will be Yoichi Yokozawa, who became MMNA’s senior executive vice president in June. This move […] [Read More]

Nissan North America said it reached the highest U.S. market share level in company history during February. The automaker discovered its U.S. market penetration climbed to 9.3 percent last month. The new record comes after Nissan says it gained 0.4 percentage points throughout 2010 to vault it to one of the three fastest-growing OEMs in […] [Read More]

Saab Cars North America revealed a new executive national sales director late last week. Appointed to the post is James Sweeting, who has 27 years of industry experience in the U.S., including his most recent post at Honda. The move is effective March 15. Sweeting’s responsibilities in the position will include heading up sales efforts […] [Read More]

The National Independent Automobile Dealers Association recently rolled out early registration and discounted hotel room rates for its annual Convention & Expo. The 65th annual event is scheduled for June 19 to 23 at Caesars Palace in Las Vegas. “Early Bird” promotional hotel rates starting at $144 per night now are available until March 22. […] [Read More]

A $750 million class action suit filed against General Motors of Canada and the Cassels Brock & Blackwell law firm was given the green light to move forward by an Ontario judge this week, according to a statement from plaintiff lawyers. In the suit, more than 200 former GM Canada dealers who were shut down […] [Read More]