VW's strong incentives in the US mean that dealers continue to do brisk business despite the emissions crisis. However, inventories are now very low, and that doesn't look to change in the coming weeks.
The full brunt of the diesel emissions scandal currently embroiling Volkswagen has not yet been felt, but the VW Group has still posted an operating loss of $3.84 billion for the quarter that just ended, marking its first such loss in 15 years.
Renault-Nissan Alliance boss Carlos Ghosn wants to reduce the French government's control in his company. To make that happens, he's proposing a plan that would give the Nissan side far more power in the partnership.
The boards of Bridgestone and Pep Boys have agreed on a deal that would see one of the world's biggest tire manufacturers buy out the automotive parts retailer for $835 million, pending regulatory approval.