Group 1"s dealership acquisitions slow to a trickle
26 06 2009
Group 1 Automotive Inc."s revenue growth via acquisitions has fallen to a fraction of 2006 levels, and the Hyundai franchise rights acquired this year will be the dealership group"s only addition in 2009.
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Daihatsu passes reach top of key German poll
26 06 2009
Toyota Motor Corp. small-car subsidiary Daihatsu passed BMW and Audi on its way to top honors in customer satisfaction among German car owners, according to a J.D. Power and Associates study published Wednesday.
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Hecker improperly transferred money among businesses, documents say
26 06 2009
Minnesota dealer Denny Hecker crippled his now-bankrupt rental-car company by charging it inflated lease rates so he could transfer money to his other companies and personal funds, a court filing has alleged.
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Dealers decide who gets discounts as "guzzlers" bill is signed
26 06 2009
U.S. auto dealers will determine whether consumers receive markdowns on new vehicle purchases under the $1 billion "cash for guzzlers" program President Barack Obama signed into law on Wednesday
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Motor City"s last Cadillac dealer faces the ax
26 06 2009
Modern Detroit traces its origins back to a man named Cadillac -- Antoine Laumet de La Mothe, sieur de Cadillac, to be precise, a French adventurer who founded Fort Pontchartrain du Detroit in 1701.
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GMC Terrain will start at $24,995
26 06 2009
GMC will price its new five-passenger Terrain crossover starting at $24,995, including shipping. The Terrain"s release in September marks General Motors" shift to include direct injection on mainstream models.
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GMAC starts rejecting Chrysler dealers
26 06 2009
Less than a month after GMAC Financial Services extended interim inventory financing to Chrysler dealers, the company has given some of those retailers their walking papers.
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Peugeot cuts its media buyers to save costs
26 06 2009
PSA/Peugeot-Citroen said on Friday it had cut the number of media buying agencies it works with in Europe to two to reduce costs.
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U.K. dealer Lookers to raise $131M to cut debt
26 06 2009
British car dealer Lookers is raising 80.7 million pounds ($131.2 million) in a fully underwritten share sale to reduce its debts and change its banking arrangements onto more favorable terms. The firm said on Friday it was issuing 201.
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Ford increasing output as sales steady, Mulally says
26 06 2009
Ford Motor Co. is poised to take advantage of steadier auto sales and increasing U.S. market share by stepping up production, CEO Alan Mulally said Thursday. Mulally also said the automaker would use the $5.
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