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Fiat SpA may sell as much as $1.04 billion in shares to reduce debt and gain local investors after the carmaker formed from merging with Chrysler Group LLC lists stock in the U.S., according to Bloomberg News calculations, reported The Detroit News. The company may have as many as 104.2 million shares available for sale ... Read More »
Read More →Fiat SpA shareholders came close to derailing a corporate reorganization on which the creation of the combined Fiat Chrysler Automobiles group depends, according to data the company released Thursday, reported The Wall Street Journal. Investors in the Italian auto maker last week tendered shares worth €464 million ($608 million) as they exercised their right to ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, announced the completion of a certification process by Autosoft, giving SmartDealerProducts dealers the ability to integrate with the Autosoft DMS in real time, without the need for a hostile interface to the dealer’s system. The addition of integration with Autosoft gives the ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, today announced that two of its executives will participate in the Industry Summit on September 8-10, 2014 at the Paris Hotel in Las Vegas, Nevada. Eric “Frenchy” Mélon is slated to take on the responsibility as emcee for the F&I track of ... Read More »
Read More →WESTERVILLE, OH – National Auto Care Corp. (NAC), a leading administrator of vehicle service contract and ancillary programs, is excited to announce the appointment of Tim Burgess to Vice President of Actuarial & Product. Mr. Burgess will lead the pricing activities for NAC including new product development and the enhancement of existing products. He is ... Read More »
Read More →Hanover, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces that it has added as partners two nationally-recognized collections attorneys, Gary Becker and Barbara Sinsley, to its existing collections practice. Gary and Barbara will join current Hudson Cook attorneys in creating a new practice group to ... Read More »
Read More →Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past, reported The Detroit News. As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road. Vehicle discounts have risen ... Read More »
Read More →In an unexpected move, top Nissan executive Andy Palmer has left the Japanese maker for a new position as CEO of Aston Martin. The British luxury maker has been without a CEO since 70-year-old Ulrich Bez retired last November, reported The Detroit Bureau. The move comes at a significant time for Aston which had been ... Read More »
Read More →IRVINE, Calif. — AutoAlert, a provider of cloud-based data mining analytics and dealer portfolio management solutions, has named Brian Skutta as its new CEO and appointed Akshaya Mehta to the newly created position of chief technology officer. Boyd Warner, who served as CEO since co-founding the company in 2002, becomes co-chairman alongside Steve Young. “I ... Read More »
Read More →LOS ANGELES, Calif. — Western Funding Inc. is now active on DealerCenter. This integration makes Western Funding financial products more accessible to dealerships by offering instant approvals and the ability to change the structure of the deals on DealerCenter’s web-based platform. “We’re excited to partner with DealerCenter to offer 24/7 instant approvals,” said Guerin Senter, ... Read More »
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