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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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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 »
Read More →DETROIT — Ally Financial has launched a new tool to help consumers decide whether buying or leasing might be their best option when shopping for a vehicle. Available for free on Ally’s website, the interactive buy or lease tool will help arm consumers with the right information to start the vehicle financing process, officials said. ... Read More »
Read More →Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month, reported Reuters. He was speaking a day after the merger between Fiat and its U.S ... Read More »
Read More →U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror, reported Reuters. Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million ... Read More »
Read More →A used car dealer in New Jersey has admitted selling seven vehicles that sustained flood damage during Superstorm Sandy after a Motor Vehicle Commission office employee created clean titles for them, reported lehighvalleylive. Jonathan Olin, 42, of Manalapan, pleaded guilty to theft by deception and Jessie Dinome, 30, of Jackson, pleaded guilty to tempering with ... Read More »
Read More →When it comes to making their customers happy, the world’s automakers have hit a bit of a rough patch, reported NBC News. For the second-straight year, satisfaction with the auto industry is down, according to a new American Customer Satisfaction Index report released Tuesday. The ACSI score for cars and light trucks is now 82 ... Read More »
Read More →Employees at the Volkswagen AG auto plant in Chattanooga, Tennessee, are attempting to form a union that will include hourly and salaried workers as a counter to the United Auto Workers Local 42 established last month, a leading anti-UAW worker said on Tuesday, reported Reuters. Mike Burton, who helped anti-UAW workers defeat the UAW’s effort ... Read More »
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