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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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Volkswagen has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker’s chairman has reportedly withdrawn confidence in the CEO, reported Reuters. Ferdinand Piech, who has spent almost 22 years at the helm of VW, nine as CEO, ... Read More »
Read More →Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs, reported Reuters. Speaking on Thursday to shareholders in Amsterdam, away from Fiat’s historic roots in Turin and Chrysler’s in Detroit, Marchionne said: “We don’t ... Read More »
Read More →Eight out of 10 shoppers in key markets around the world now use the Internet to help them choose what vehicle to purchase, and the vast majority would carry that a step forward, according to a new study, completing the car buying process entirely online, reported The Detroit Bureau. Nearly half, in fact, wouldn’t even ... Read More »
Read More →Volkswagen entered into a partnership with Chrysler in 2008 to help the German maker fill its void in the minivan segment in the U.S. Now that partnership is giving VW a headache as it’s recalling nearly 21,000 of the minivans for the second time, reported The Detroit Bureau. VW is recalling them again to fix ... Read More »
Read More →PORTLAND, Ore. — A Clark County, Washington, man who worked for Daimler Trucks North America in Portland, Oregon, is suing the company for $2 million, claiming his supervisor repeatedly called him “bin Laden” and suggested he was a member of al-Qaida, reported The Detroit News. The Oregonian newspaper reports that the lawsuit by Hussein Fouad, ... Read More »
Read More →MILWAUKEE — Jim Heppe bought his first motorcycle nearly a half-century ago, when he was a teenager, and has been riding most of his life, reported The Detroit News. Now 65 years old, he’s throttled back some from riding 800 miles in a single day, but he still takes an occasional trip to Sturgis, South ... Read More »
Read More →DETROIT – A federal bankruptcy judge ruled Wednesday that General Motors is shielded from death and injury claims potentially totaling billions of dollars tied to defective ignition switches in certain GM small cars, reported MLive. In 2009, a bankruptcy court allowed GM to emerge from bankruptcy protection free from the liabilities of the old company. ... Read More »
Read More →WASHINTON, D.C. — The Consumer Financial Protection Bureau’s targeting of the indirect auto financing channel is taking fire once again. On Monday, the The Wall Street Journal published its second op-ed piece questioning the bureau’s tactics. Later that evening, Congressional lawmakers introduced a new bipartisan House bill that aims to rescind the CFPB’s March 2013 ... Read More »
Read More →LAWRENCEVILLE, Ga. — Black Book announced this month that Barrett Teague has joined the company to serve as vice president of Lender Solutions. A 20-year automotive finance industry veteran, Teague will be responsible for overseeing strategic operations to help Black Book’s automotive lender clients leverage vehicle data and collateral analytics for profitable portfolio management and ... Read More »
Read More →WASHINGTON – The National Automobile Dealers Association today applauded the continued bipartisan efforts in Congress to rescind a flawed guidance from the Consumer Financial Protection Bureau that would harm consumers by limiting their ability to obtain discounted auto financing. On Monday evening, April 13, Reps. Frank Guinta (R-N.H.) and Ed Perlmutter (D-Colo.) introduced H.R. 1737, ... Read More »
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