VW Eyes Sale of Ducati in Shift Away From Powersports

Volkswagen might sell Ducati in a move to streamline operations and help fund a strategic overhaul, according to a published report. Volkswagen is curbing spending across the group, including cutting thousands of jobs at its core VW brand, to help fund a shift to electric cars and new mobility services. It would also be a […]
  • Natalie Mattila
  • May 1, 2017

5 OEMs Using Virtual Reality to Change the Auto Market

When augmented and virtual reality first entered the consumer scene there was a lot of excitement behind its entertainment applications, particularly with video gaming. But as people have grown more familiar with the product, automakers are jumping on the bandwagon to explore the use-cases for both engineering and designing, as well as how to encourage customers to […]
  • Emma Sandler
  • March 30, 2017

AutoGravity Expands to 46 States, Partners with Captives

The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll be making announcements about them over […]
  • William Hoffman
  • January 25, 2017

Buyers Stick With Longer Loans, New Cars, Despite Higher Sticker Prices

On paper there’s cause for concern that higher sticker prices on new cars could drive customers to settle for used cars, but in practice, dealers and lenders say longer terms and leasing continue to move the metal, and high used-car prices also discourage buyers from switching. In addition, several dealers including some of the publicly […]
  • Jim Henry
  • November 7, 2015

In Cadillac Price Drop, the Limits of Incentives Surface

Carmakers don’t just drop their prices. A lower price — as compared to increased incentives — has all sorts of negative ramifications, including to the marque’s brand. So why did General Motors this week choose to drop prices on its Cadillac CTS sedan, GM’s premium vehicle, no less? The answer reveals the bright line of the […]
  • JJ Hornblass
  • January 9, 2015

Cadillac Takes Manhattan

General Motors Co. announced yesterday that it will establish Cadillac as a “separate business entity” and move its headquarters to a building in lower Manhattan. This follows the July appointment of Johan De Nysschen as Cadillac’s new president, having poached De Nysschen from Infiniti.
  • Auto Finance News
  • September 25, 2014

VW Credit to Expand Wholesale Financing

VW Credit Inc. hopes to provide wholesale financing business to two-thirds of its dealers, up from 50% currently, according to a published report. Newly named Chief Executive Christian Dalheim said there is nothing hindering the captive from having more of its U.S. dealerships on the books in the next two to three years. The finance arm for […]
  • Larissa Padden
  • August 21, 2014

Audi Educates Borrowers

When customers buy cars, there are usually a few things they’re really excited about: the horsepower. The engine. The drop top. Maybe even the cupholders. Financing arrangements generally don’t make the list. Audi, though, is seeking to increase excitement and knowledge of the finance side of the deal through a series of videos to explain […]
  • Ben Geier
  • March 31, 2014