The lighting systems supplier thought it could M&A its way to bigger size, but that strategy has gotten too expensive.
Add the largest U.S. vehicle retailer to a growing list of groups with campaigns to hire technicians and make their jobs more appealing. "The industry understands it’s got a problem," says one expert.
British researchers found they could hack a vehicle through off-the-shelf car alarms. That's a problem.
When it comes to discrimination in auto lending, the debate is far from over.
Subaru is working to double its force of technicians to 13,000 in the next four years to address a shortage spurred by growing sales.
Visteon is working to perfect a tricky new product, and was waylaid by a bungled plant move.
New-vehicle sales remain strong, and delinquency rates are still low. So, it's tempting to conclude that financially, consumers can keep handling those bigger auto loans, rising interest rates and higher monthly payments. But sticker shock and budget constraints could push many customers to consider other options.
The percentage of seriously delinquent auto loans reached its highest level since March 2012 recently, and the New York Fed is keeping a close eye on a recent uptick in auto loan originations to borrowers with subprime credit and an increase in delinquencies among younger buyers.
Under a new program, the NADA Foundation will help would-be dealership technicians find training and supplement the recruiting efforts of other groups promoting careers in auto service.
Acura's dealer council chief said the brand wants to take advantage of the fact that some other automakers are abandoning sedans.