The Coming China Automotive Godzilla – A threat or Opportunity for Dealers? The Answer is Yes

The Coming China Automotive Godzilla – A threat or Opportunity for Dealers? The Answer is Yes

A modern-day automotive Godzilla, the likes of which we have not seen before, is how China expert Michael Dunne described China’s automotive juggernaut last week in a presentation at the Canadian Automobile Dealers Association Summit.  Chinese automakers “could be the single biggest disruptor this decade” in the auto industry, Dunne said.  The question is whether… Continue Reading

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Photo courtesy of Shutterstock & Luigi Morris October 30, 2023 (With November 14th updates) — The dust is still settling from the recent tentative settlements between the United Auto Workers union and the Detroit Three automakers. Still, initial details reflect agreements that may be a win-win for both sides following a 40+ day strike costing… Continue Reading

Cliff Banks - The Banks Report

Direct-to-Consumer Model “A Disaster Waiting to Happen” for Automakers

April 17, 2022 — A direct-to-consumer sales model appears to be a non-starter for Toyota as sales chief Bob Carter calls it “a disaster waiting to happen.” Carter provided his perspective on a wide range of topics during an on-stage interview with Jason Stein, president of Motormindz, at the NADA/J.D. Power Automotive Forum in New… Continue Reading

Thoma Bravo Putting Together an Automotive Data Giant

Thoma Bravo Putting Together an Automotive Data Giant

July 31, 2019 — Thoma Bravo emerged yesterday as the winning bidder for J.D. Power and Associates. It is the private equity firm’s second automotive-data play since late April when it acquired Autodata Solutions from KKR. Bravo also owns Trader Corp., the leading automotive retail digital company in Canada (it acquired the Montreal-based digital marketing…

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Don’t Like GM’s Plant Closures? Blame the Threat of Activist Investors

Don’t Like GM’s Plant Closures? Blame the Threat of Activist Investors

February 6, 2019 — This week, General Motors began the difficult task of laying off more than 4,000 salaried employees as part of a massive restructuring this year that includes the idling of five North American plants, eliminating vehicles and an overall workforce reduction of 14,700 employees. The moves are designed to save the automaker… Continue Reading

Cliff Banks - The Banks Report

Audi CEO Arrested

January 18, 2018 — Audi CEO and head of Volkswagen group sales Rupert Stadler was arrested earlier this morning as part of the ongoing diesel scandal that has roiled parent company The Volkswagen Group since 2015. According to various media reports, German officials arrested Stadler at his home early Monday morning on concerns he might… Continue Reading