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Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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SEARCHMENUSEARCHA collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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For the fifth straight year, Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost, reported Reuters. Toyota was the tops in supplier relations, followed closely by Honda. Ford Motor Co (F.N) was a distant third, followed by Nissan ... Read More »
Read More →DETROIT, Mich. — U.S. regulators are investigating the Nissan Versa subcompact after getting reports that a coil spring in the front suspension can fracture and cut the tires, reports The Detroit News The investigation involves approximately 130,000 Versas from the 2008 through 2010 model years. The National Highway Traffic Safety Administration says it has gotten 93 ... Read More »
Read More →Sergio Marchionne, Fiat Chrysler Automobiles NV’s chief executive officer, said he doesn’t intend to speak at the hearing the U.S. National Highway Traffic Safety Administration set for July 2, reports Bloomberg Business. “We have a person who is responsible for regulatory compliance,” he said on the sidelines of an event Tuesday evening in Detroit. “He’s ... Read More »
Read More →The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA)(FCHA.MI) (FCAU.N) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed, reports Reuters. The notes, which carry a coupon of 8 percent, were redeemed at a price equal to their principal ... Read More »
Read More →LANSING, Mich. — The debate over whether motor vehicle manufacturers should be allowed to sell directly to consumers in the state has resurfaced after last year’s passage of a law that added tighter restrictions on direct-to-consumer sales. This time, the Federal Trade Commission has weighed in. Reigniting the debate over direct-to-consumer sales of motor vehicles ... Read More »
Read More →SANTA MONICA, Calif. — Edmunds.com has updated its mobile app with a new feature that allows shoppers to send text messages to dealers. Edmunds texting solution uses a phone’s native texting platform, meaning all smartphones are capable of messaging dealers without relying on any other apps. Edmunds says that 34% of car shoppers told the company ... Read More »
Read More →TARPON SPRINGS, Fla. — The publishers of Agent Entrepreneur have announced plans to release a special edition of the magazine that will recognize up-and-coming industry executives and thought leaders who are under the age of 40. The magazine is accepting nominations now. “The agency and product-provider segments create opportunities for young executives and entrepreneurs in ... Read More »
Read More →SOUTHLAKE, Texas – F&I Express is pleased to welcome CornerStone United to its rapidly growing network of aftermarket F&I product providers, now the largest provider network in the industry. CornerStone United is one the most established service plan administrators in North America. CornerStone United’s addition to F&I Express will allow dealers the ability to eRate, eContract, and eRegister all ... Read More »
Read More →SCOTTSDALE, Ariz. — For the 11th year in a row, dealers nationwide have voted CNA National as the best in its industry, resulting in the Diamond Award for Best Service Contract Provider as well as the Platinum Award for Best Reinsurance Provider in the 2015 Dealers’ Choice Awards, based on a dealership survey conducted by ... Read More »
Read More →OLDWICK, N.J. — A.M. Best has commented that the financial strength rating of A (Excellent) and the issuer credit rating of “a” for Heritage Indemnity Company (HICO) (headquartered in Lakewood, CO) remain unchanged following the recent announcement of its agreement with AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY). AmTrust has entered into ... Read More »
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