Minors steal more than $1 million worth of vehicles from N.C. dealerships, police say

North Carolina auto dealers are on high alert after more than $1.1 million worth of vehicles were stolen from nine Winston-Salem area dealerships starting March 17.

The thefts were conducted by 19 minors ages 9-16, authorities said. Stewart Binns, 19, was charged with possession of a stolen vehicle on March 25, and his lawyer had no comment, CNN reported.

James Juarez, general manager of Bob King Kia in Winston-Salem, told Automotive News that the kids would walk through the dealership saying they were waiting for their parents in the service department, but they were actually collecting keys that were left on salespeople's desks in the showroom.

Three cars were stolen from Bob King Kia's service department after the perpetrators used a crowbar to pry open the garage.

"Unfortunately, these kids are out of school and need something to do," Juarez said. "It's just a bad situation."

All three vehicles were found and returned with minimal damag…

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Intel buys Moovit transit app for $900M to help develop robotaxis

JERUSALEM -- Chipmaker Intel Corp. said it acquired Israeli public transit app developer Moovit for about $900 million to expand its portfolio of self-driving technologies.

The deal, announced Monday after leaking out in media reports on Sunday, will help Intel's autonomous driving unit Mobileye develop services like self-driving "robotaxis" by using traffic and public transportation data collected from Moovit's more than 800 million users in 102 countries, Intel said.

"Moovit is an acquisition that fills some very critical gaps that we have going forward," Mobileye CEO Amnon Shashua told Reuters.

Moovit will remain independent and its technology will be integrated with a goal of deploying the first robotaxis in some cities by early 2022, Shashua said.

Last month Moovit launched an emergency mobilization service, which was created for transit agencies and enterprises during the COVID-19 pandemic. The technology transforms vehicle fleets into an on…

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DAILY DRIVE PODCAST: May 4, 2020 | A dealer’s prediction of an industry’s black swan

Join Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. He’ll speak with industry experts, insiders and Automotive News reporters about how the virus is impacting and reshaping the automotive industry.

Michelle Primm, general manager of Cascade Auto Group in Ohio, warned the automotive industry to prepare for the next downturn one year before the coronavirus pandemic. Now, she's sharing her view of the current crisis and how dealers can come out the other side.

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Musk puts two mansions on market after vow to sell possessions

Tesla Inc. CEO Elon Musk listed two of his California homes for sale Sunday, days after announcing that he would get rid of most of his possessions.

He’s seeking a combined $39.5 million for the Bel Air properties, including one that was previously owned by the late Gene Wilder, according to the listings on Zillow. Both are for sale by owner.

Musk, 48, posted more than a dozen tweets in less than 75 minutes on Friday, including one in which he said he’s selling “almost all” of his physical possessions. In another, he said he believed Tesla’s stock price was too high, prompting a 10 percent plunge on the day.

As for high-end Los Angeles real estate, it’s not exactly a seller’s market at the moment.

Sales of luxury homes already were suffering from a supply glut and weak demand before the coronavirus pandemic stopped most showings. Fewer buyers were coming from China, Russia and the Middle East amid international tensions, and limits on state and …

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FCA’s steps toward restart include medical tents, COVID-19 signage

WINDSOR -- FCA Canada has taken more physical steps toward restarting production in Windsor, Canada, erecting medical tents in the parking lots of its plants and posting large COVID-19 posters on all its gates.

Four tents, anchored over about 12 parking stalls in the employee lots at the automaker’s minivan plant, went up over the weekend. Company spokeswoman LouAnn Gosselin says similar installations are in place in Brampton, Ont., where FCA builds its sedans.

Employees arriving for work are expected to be screened for a fever before entering the factories to ensure “the daily wellness of our workforce,” the company said.

Each gate now has two COVID-19 placards hung on the fence adjacent to the turnstiles employees funnel through.

The first is a five-question checklist employees must answer before entering the plants. If they answer “no” to any of the five questions, they should not report for work. The se…

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Pendragon no longer exploring merger with Lookers

UK dealer group Pendragon said on Monday it was no longer exploring merger talks with rival Lookers, after a media report over the weekend said that Lookers rejected its approach.

The coronavirus shutdowns have taken a toll on dealers, which were already struggling with a fall in demand and a squeeze on margins in the past year under the weight of Britain's long-drawn exit from the European Union.

Lookers, which has seen a management shakeup in the past few months, is undergoing a fraud investigation into its operating divisions after an initial probe found misstatements in its balance sheet and fraudulent expense claims.

Sky News had reported that Pendragon approached Lookers about a potential merger last month, but Lookers rejected the approach.

Pendragon declined to comment on whether it was exploring other such combinations.

Lookers is Europe's third-largest dealership group by revenue, according to Automotive News Europe's 2019 Guide t…

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Nissan’s new plan will focus on China, U.S., Japan, report says

Nissan Motor Co. will pull back from Europe and elsewhere to focus on the U.S., China and Japan under a plan that represents a new strategic direction for the embattled carmaker, Automotive News and Reuters reported on Monday.

The "operational performance plan" is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, sourcs told Reuters.

Pursuit of market share, particularly in the U.S., led to steep discounting and a cheapened brand. Under the new, three-year plan, Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.

"This is not just a cost-cutting plan. We're rationalizing operations, re-prioritizing and refocusing our business to plant seeds for the future," one of the people said.

The plan also aims to cut competition and expand cooperation with alliance partners, the people said. Nissan will follow Mitsu…

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VW to choose new brand to lead affordable EV project

FRANKFURT -- Volkswagen Group is reconsidering which of its brands will develop a new family of small electric vehicles after its Spanish unit, Seat, lost the project.

VW Group CEO Herbert Diess said in March 2019 that Seat would lead development of full-electric city cars that will cost less than 20,000 euros. Diess said they would replace the full-electric versions of the VW Up, Skoda Citigo and Seat Mii and would be "a great step toward an even more affordable electric mobility."

One source close to Seat said the VW brand will now head the project. Executives at VW Group's headquarters in Wolfsburg believe that the decision will be "more efficient in terms of synergies," the source said.

The small EVs will be based on a heavily modified version of VW Group's MEB electric-vehicle architecture shortened to less than 4000 mm (157.5 inches), or roughly the length of the VW Polo.

MEB underpins the VW ID3, a compact hatchback due to launch this summ…

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GM Korea to cut Trailblazer output as virus hits exports to U.S.

SEOUL -- General Motors' South Korean unit plans to sharply cut output this month at a factory producing its new Trailblazer as the coronavirus outbreak weighs on its U.S. exports and also disrupts parts supplies.

GM Korea is responsible for supplying some of GM's small crossovers to the U.S. market to meet a consumer shift away from sedans. But like its peers industrywide, it is grappling with shrinking exports as demand suffers from governments globally restricting movement to slow the spread of the virus.

GM Korea will run its BP1 plant in Incheon, near Seoul, for seven business days this month and idle it for the remaining 11, showed its internal production plan seen by Reuters.

A spokeswoman said the automaker has suspended the line until May 5 due to the virus impact on parts procurement and U.S. sales, and that its production plan for the rest of May is subject to change.

GM Korea started producing the Trailblazer in January and shipping it…

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TrueCar launches new car-buying program for military community

Vehicle listings company TrueCar on Monday rolled out a new car-buying program for military service members, veterans and their families.

Dubbed "TrueCar Military," the program will offer participants purchase incentives and maintenance benefits, as well as a dedicated customer hotline. TrueCar developed the platform as it prepares to wind down a 13-year partnership with USAA Federal Savings Bank this year.

An expanded military purchase program had been under consideration for some time, CEO Mike Darrow said, but the development timeline was "accelerated" when USAA notified TrueCar in February that it planned to exit its car-buying membership service.

"We knew all along we had military veterans shopping on our site," Darrow told Automotive News. "This was the opportunity for us to kind of expand that."

TrueCar Military will offer up to $2,000 in automaker incentives on brands from BMW, Fiat Chrysler Automobiles and Nissan, the company said. Additi…

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Southern plants to test supply chain readiness

A handful of Southern vehicle assembly plants plan to join Daimler's factory in Alabama in resuming operations after being idle for weeks because of the COVID-19 pandemic.

BMW aims to power up assembly lines at its largest factory in the world, the crossover plant in South Carolina.

It will be joined by Hyundai and Kia plants in Alabama and Georgia, after Daimler said it restarted its crucial plant in Vance, Ala., last week.

As factories rumble to life — again assembling vehicles and generating revenue — the initial weeks will serve as a trial run of new physical-distancing measures on the assembly line and a test of supply chain readiness. Automakers want to get up and running as quickly as possible to see where the weak points are and how the supply base responds, said Jeff Schuster, president of global forecasting at LMC Automotive.

"There could be some moments where the line's going to have to go down, or they a…

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Lessons from China help Ford prepare for restart

The playbooks Ford Motor Co. will use to restart assembly lines and reopen offices in Europe and the U.S. have been written largely by its team in China, which was first to be hit by — and recover from — the coronavirus outbreak.

As early as February, Ford's salaried employees in China were sending videos to their U.S. counterparts showing how they were working from home and emotionally managing the abrupt changes, providing inspiration for colleagues who would soon be forced to do the same.

By early March, Ford China CEO Anning Chen and other executives shared what they learned about disinfecting vehicles at dealerships, creating safer factory shift patterns and even mining connected-vehicle data to predict recovery patterns.

The tutorials flowing back to Ford headquarters have provided some clarity in an unprecedented crisis that idled factories and choked off revenue.

"They've really helped us tremendously," Ford …

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