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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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LOS ANGELES – The good times will keeping rolling for the auto industry next year, with higher sales and continued low gasoline prices, the National Automobile Dealers Association’s chief economist predicts, reported Detroit Free Press. Sales of new vehicles, already on pace to top 16 million for the first time since the mid-2000s, will increase ... Read More »
Read More →LOS ANGELES— Håkan Samuelsson has an admirable vision for Volvo Car Corp. By 2020, the company’s chief executive says no one will be seriously killed or injured in a new Volvo, reported The WSJ. In order to make it to 2020, however, Mr. Samuelsson needs to turn around a U.S. unit that is losing market ... Read More »
Read More →ALBANY, N.Y. — Auto/Mate Dealership Systems has completed integration of its dealership management system, Automotive Management Productivity Suite (AMPS), with BMW of North America (BMWNA)’s DMS Data Transfer system. BMW dealers using Auto/Mate’s DMS can now enjoy seamless bi-directional information exchange with BMWNA. “Having a fully integrated solution will save BMW dealers both time and ... Read More »
Read More →SANTA BARBARA, Calif. — ALG, TrueCar’s analytics division, named Land Rover and Toyota as the top premium and mainstream brands during its 15th annual Residual Value Awards. The awards program looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after a three-year period. The awards will be presented ... Read More »
Read More →ORWIGSBURG, Pa. — Preferred Warranties, Inc. (PWI), a business unit of KAR Auction Services, has named Brian Cosgrove as president. Cosgrove joined PWI as vice president of marketing and sales in January 2014 and brings to his new role nearly 30 years of experience in leadership, management, business development, sales and marketing. “I am honored ... Read More »
Read More →HOLLYWOOD, Fla. — Organizers of Compliance Summit 2014 announced that the inaugural event drew a large, engaged crowd to the Seminole Hard Rock Hotel and Casino in Hollywood, Fla., this week. David Gesualdo, show chair and publisher of Auto Dealer Monthly and F&I and Showroom, said interest in the Florida conference, which will be followed ... Read More »
Read More →NEW YORK — Financial services firm Perella Weinberg Partners announced this week that it will merge its two subprime auto finance sources, Flagship Credit Acceptance and CarFinance Capital, into a single, national automotive finance company. The combined company will have total assets in excess of $2 billion. “Since forming Flagship and CarFinance, we have been ... Read More »
Read More →Representatives of Takata Corp, Chrysler Group Llc, Honda Motor Co Ltd and the National Highway Traffic Safety Administration will testify before the U.S. Senate Commerce Committee on Thursday to answer questions about the dangers posed by air bags supplied by Takata, reported Reuters. The final witness list, provided by a Senate aide, includes Hiroshi Shimizu, ... Read More »
Read More →In his first public comments since parting with the automaker, former General Motors engineer Raymond DeGiorgio defended his role to the New York Times in what he referred to in internal documents as the “switch from hell,” according to MLive. He’s referencing a defective ignition switch found in smaller-model GM cars that has been linked ... Read More »
Read More →The deadline to file claims under General Motors Co’s faulty ignition-switch compensation program has been extended by one month to Jan. 31, said Kenneth Feinberg, the program’s administrator, reported Reuters. Feinberg’s office on Monday updated its list of claims submitted, saying it had approved compensation for the families of 33 victims killed in GM cars ... Read More »
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