AE eMagazine

AGWS Announces Bob Harkins as Vice President of Training

WARRENVILLE, Ill – American Guardian Warranty Services, Inc. (AGWS) would like to announce the addition of Mr. Robert (Bob) Harkins as Vice President of Training. Bob joins AGWS with a very extensive background and has been in the industry for over 25 years in Consumer Finance, Sales and Finance and Insurance Management. Most recently, Bob ... Read More »

EFG Companies Hosts 5th Bi-Annual Agent Council

DALLAS, Texas – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, held its 5th Bi-Annual Agent Council at the Rancho De los Caballeros outside of Phoenix, AZ. EFG’s premier agents from across the United States attended this three-day conference from Wednesday, April 22nd to Friday, April 24th to discuss current industry trends and ... Read More »

Don't Worry

At Volkswagen, a Game of Thrones as Chairman Ferdinand Piech Quits

On April 16, the tables turned on Ferdinand Piech, the powerful patriarch of Volkswagen AG, reported The WSJ. For years, he had dominated the automotive giant his grandfather established. But in a meeting with other board members at his family estate in Salzburg, Austria, Mr. Piech didn’t simply fail to win support for his effort ... Read More »

GM CEO Barra Received $16.2 Million in 2014 Compensation

General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor’s total the previous year, reported Reuters. Most of Barra’s compensation is tied to stock awards that she cannot cash in yet. She ... Read More »

Ally Financial Named Mitsubishi’s Preferred U.S. Auto Lender

Ally Financial Inc., the former lending arm of General Motors, will become the preferred financing source for Mitsubishi Motors Corp. in the U.S, reported Bloomberg. Ally will replace Mitsubishi’s captive finance company and provide lease and retail financing and insurance offerings at about 380 Mitsubishi dealerships, the Detroit-based bank said Monday in a statement. Terms ... Read More »

GM’s Profits Rise to $945 Million in Q1

DETROIT – General Motors on Thursday reported net income of $945 million for the first quarter of 2015. That compares to net income of $108 million for the Detroit automaker in the comparable period one year ago, reported MLive. GM’s earnings before interest and taxes increased to $2.1 billion, compared with an EBIT of $500 ... Read More »

Low Fuel Prices Spark Americans to Drive More

Low gas prices are spurring Americans to drive more, reported The Detroit News. The U.S. Transportation Department says in a new report that Americans drove 6.1 billion more miles in February — up 2.8 percent over a year earlier — to 221.1 billion miles — and the second-most ever driven in a February and highest ... Read More »

GM CEO Mary Barra Brushes Off Merger Talks

DETROIT – General Motors CEO Mary Barra said the automaker has a comprehensive plan in place through the early part of the next decade, and a merger with a large, competing automaker does not appear to be part of that, reported MLive. Speaking in a conference call Thursday morning to discuss the Detroit company’s first ... Read More »

GM Nominates Pharmaceutical Company Exec to Join Board

General Motors Co. said Friday it is nominating the CEO of Novartis International AG, a Switzerland-based pharmaceutical company, to join the board of directors, reported The Detroit News. The Detroit automaker also announced longtime board member E. Neville Isdell, 71, will not stand for re-election to the board in June because of the board’s retirement ... Read More »