Revenue increased 3 percent to $468.7 million over the second quarter of 2018, Gentex said, noting it improved its results despite an 8 percent drop in global auto production and “overly optimistic” auto industry forecasts.
Used-vehicle loan originations accounted for more than half of Ally’s auto originations for the sixth consecutive quarter.
Foreign auto brands dominated the top spots in the first J.D. Power U.S. Automotive Brand Loyalty Study.
An auto industry official said the deal could involve Japan offering U.S. farmers new access to its market in return for Washington reducing tariffs on certain Japanese auto parts, Reuters reported. The talks remain fluid.
The Center for Auto Safety wants NHTSA to require automakers to keep records of safety defects for at least 20 years, up from a proposed 10 years.
German Economy Minister Peter Altmaier said he sees a 50-50 chance of averting U.S. tariffs on vehicles and automotive parts from Europe, adding that a meeting with U.S. Trade Representative Robert Lighthizer was constructive.
Beth Mooney has more than 35 years of experience in retail banking, commercial lending and real estate financing. On Ford’s board, she will be on the audit and nominating and governance committees.
Joe Heyer’s coverage area will include autonomous vehicles, components and software, the bank said Monday in a memo that was confirmed by a spokesman.