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SCOTTSDALE, Ariz. – CNA National Warranty Corporation (CNAN) is pleased to announce Sean Harding as the company’s new chief information officer, effective March 16. “With an extensive background in both information technology and business leadership, Sean has the right combination of skills to help CNA National as we continue to improve our infrastructure and network,” ... Read More »
Read More →TORRANCE, Calif. — The publishers of Auto Dealer Monthly have announced that voting for the 2015 Dealers’ Choice Awards will open Monday, March 16 and continue through Wednesday, April 15. The awards are voted upon by dealers and dealership personnel and recognize the industry’s leading third-party vendors, suppliers and finance companies. “We are extremely proud ... Read More »
Read More →LAWRENCEVILLE, Ga. — Compact SUVs retained the most value in February thanks to cold weather, according to analysts at Black Book. The average price of 2009 to 2013 model year vehicles depreciated by 1.2% in February, matching January’s numbers. Domestic cars depreciated by 0.9%, import cars lost 1.5%, domestic trucks fell 0.8% and import trucks ... Read More »
Read More →MINEOLA, N.Y. — The law firm of Bellavia Blatt & Crossett filed a mass action lawsuit against TrueCar today, claiming that dealers have been injured by the lead provider’s business practices. So far, 117 dealerships are part of the suit — a number Senior Partner Leonard Bellavia expects to rise drastically. “I have another 50 ... Read More »
Read More →IRVINE, Calif. — A statement released by Wells Fargo Dealer Services didn’t deny the bank has placed a cap on subprime auto loans for this year, but it stopped short of saying the move was the bank’s response to media claims of an overheating auto finance market. Citing unnamed executives from Wells Fargo, The New ... Read More »
Read More →General Motors Co. on Monday became the latest company to return billions of dollars to shareholders amid tussles with investors over how to better allocate corporate cash, reported The WSJ. Facing a potentially contentious fight over a board seat and a larger buyback, the car maker tried to walk the line between placating big investors ... Read More »
Read More →Fiat Chrysler CEO Sergio Marchionne earned more than $38.06 million in 2014 when all of his bonuses and compensation are included, according to an annual report published by Fiat Chrysler Automobiles Thursday, reported Detroit Free Press. An earlier version of this story said Marchionne’s total compensation for 2014 was about $7.2 million using Thursday’s currency ... Read More »
Read More →He was the number two man at the UAW, and responsible for spearheading some of the biggest negotiations during the auto industry’s bleak period of the late 2000s, reported MLive. General Holiefield passed away at the age of 61 Monday after battling pancreatic cancer. Holiefield retired from the UAW last year after twice being elected ... Read More »
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