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Bush defends GM, Chrysler loans

10:17 pm U.S. ET | Feb. 6, 2012
Former President George W. Bush on Monday defended approving the bridge loans that kept General Motors and Chrysler Group alive during the 2008 U.S. financial crisis.... Read More »
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Saab dealers eye parts firm, press GM to cover warranties

7:32 pm U.S. ET | Feb. 6, 2012
About 25 dealers met with Saab Cars North America Monday to discuss the formation of a parts distribution company and the disposal of 2,200 new cars remaining in Saab's dealer inventory. The remaining Saab dealers are also asking General Motors to cover warranty repairs for 2010 and 2011 models. GM says it will only honor warranties up to 2009, before its own bankruptcy and disposal of Saab.... Read More »
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Nissan division aims for 1.1M U.S. sales in 2012, up 16%

6:55 pm U.S. ET | Feb. 6, 2012
Nissan Division, the one major Japanese brand whose sales were not greatly affected by the March earthquake, is looking to add to its 2011 momentum with a 16 percent increase in volume to 1.1 million units this year, executives told dealers today at the make meeting during the National Automobile Dealers Association convention here.... Read More »
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Foreign automakers brace for battles as U.S. election looms

6:26 pm U.S. ET | Feb. 6, 2012
AIADA Chairman Ray Mungenast isn't as confident as others that 2012 will be a smooth year for manufacturers -- at least not in Washington.... Read More »
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Terrain to join GMC's Denali line

12:01 am U.S. ET | Feb. 6, 2012
General Motors is expanding its popular Denali line of upscale GMC trucks to the brand's hottest vehicle, the Terrain crossover. GM plans to offer a Denali version of the Terrain this year as a 2013 model, according to people familiar with GM's planning.... Read More »
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FIXED OPERATIONS

Veloster kicks off Hyundai's push for more accessories

12:01 am U.S. ET | Feb. 6, 2012
Buyers of Hyundai's youth-oriented Veloster coupe soon will have more accessories to buy at dealerships to personalize their ride. Hyundai dealers will have about 30 Veloster accessories to sell in the second quarter, compared with the 12 to 15 accessories Hyundai has for most cars.... Read More »
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Mitsubishi to end production in western Europe

3:37 am U.S. ET | Feb. 6 2012
Mitsubishi says it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak. The facility makes the Colt subcompact and the Outlander SUV, but accounted for less than 5 percent of Mitsubishi's global output of 1.1 million vehicles in the year to last March.... Read More »
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DealersMore »

Shaw is Time's top dealer

12:01 am U.S. ET | Feb. 6 2012
Mike Shaw is the 2012 Time Dealer of the Year. Shaw, 65, was scheduled to receive the honor Saturday, Feb. 4, at the National Automobile Dealers Association convention here. He is dealer principal of Mike Shaw Chevrolet-Saab in Denver. Fifty auto dealers were nominated.... Read More »
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Finance & InsuranceMore »

Volvo establishes captive finance arm

4:30 pm U.S. ET | Feb. 5 2012
Volvo Cars of North America is launching a captive finance arm, and services will begin this year. Bank of America will provide funding for Volvo Car Financial Services' financing products.... Read More »
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MarketingMore »

Report: Eastwood's Chrysler ad will be pep talk for the nation

4:20 pm U.S. ET | Feb. 3 2012
Chrysler plans a two-minute Super Bowl commercial featuring Clint Eastwood giving the country a pep talk, sources told The Wall Street Journal today.... Read More »
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RemarketingMore »

New vehicle leasing rises to 20 percent of U.S. sales in 2011

12:00 pm U.S. ET | Feb. 4 2012
New light-vehicle leasing increased in 2011 from a year earlier, to 20 percent of U.S. retail sales, according to the Manheim 2012 Used Car Market Report. That’s one percentage point higher than in 2010, according to the annual report released today at the convention.... Read More »
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Service & PartsMore »

Batey: Chevy lures younger buyers

6:02 pm U.S. ET | Feb. 4 2012
Chevrolet is bringing in younger customers and attracting buyers from non-General Motors brands, says Alan Batey, vice president of sales and service. He says that will help dealers overcome a dearth of leasees coming back into the market. He spoke here with Staff Reporter Mike Colias.... Read More »
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NADAMore »

Honda pulls forward major changes to Civic to this fall

7:09 pm U.S. ET | Feb. 5 2012
Honda will bring out a significant mid-cycle change to its embattled Civic compact this fall, just 18 months after it launched, a high-ranking executive told dealers here.... Read More »
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Final AssemblyMore »
FINAL ASSEMBLY

Updated version of 'Rambo Lambo' SUV is on the way

12:01 am U.S. ET | Feb. 6 2012
Before the heyday of big SUVs in the 1990s, Lamborghini departed from its script and introduced the LM002 -- a muscular off-roader that was built in small numbers from 1986 to 1993. The "Rambo Lambo" was seen as an oddity for a company famed for such distinguished high-performance sports cars as the Miura and Countach.... Read More »
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