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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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Wade urges timeout on facility plans

12:01 am U.S. ET | Feb. 6, 2012
After its long-awaited study of facility-improvement programs, the National Automobile Dealers Association wants automakers to put their programs on hold for review, citing conclusions in the study that they cost too much, produce uncertain results and matter little to shoppers.... Read More »
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NADA survey: Hyundai dealers are most satisfied

12:01 am U.S. ET | Feb. 6, 2012
Hyundai, Subaru and Lexus dealers are the most satisfied, a National Automobile Dealers Association survey shows. For the third straight survey period, Hyundai finished first overall while Kia was fourth. The twice-yearly survey measures franchised new-car dealers' satisfaction with their brands and the policies of the automakers behind them.... Read More »
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Honda's credit rating outlook lowered by Moody's

12:29 pm U.S. ET | Feb. 6 2012
Honda’s credit rating outlook was dropped from stable to negative by Moody’s Investors Service over concern the automaker faces challenges in regaining its market position due to growing competition, Bloomberg reported today.... 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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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 »

GM seeks Volt boost from California carpool lanes, Super Bowl ad

3:30 am U.S. ET | Feb. 6 2012
GM hopes its plug-in Chevrolet Volt, stung by safety concerns, can get a sales boost from a version due next month that lets solo California drivers use carpool lanes and a Super Bowl ad touting its technology.... Read More »
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Manheim report sees positive trends in leasing

12:01 am U.S. ET | Feb. 6 2012
In 2011, 20 percent of the 10.6 million new vehicles counted as sold in the United States at retail, excluding sales to fleets, were leased, one percentage point higher than in 2010, says the Manheim 2012 Used Car Market Report. More important than the percentage gain, the report concludes, is that the industry got leasing right last year, at least "for the most part."... Read More »
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Service & PartsMore »
FIXED OPERATIONS

Dealer uses service clinics to build loyalty

12:01 am U.S. ET | Feb. 6 2012
Dealer Bob Rountree says that about 70 percent of his new- and used-vehicle buyers at his two Ford Motor Co. stores are repeat customers. Rountree credits much of his success to an epiphany he had 10 years ago: He would offer a service clinic once each quarter to his buyers of both new and used vehicles.... 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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