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General Motors Co’s chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM’s stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan, reported Reuters. The automaker’s shares have declined as investors are concerned the U.S. auto cycle ... Read More »
Read More →AUSTIN, Texas — After the Texas Department of Motor Vehicles Enforcement Division took a call from shopping site CarGurus on April 30, the department hit the brakes on its plan to fine dealers who have listings on the CarGurus website. As part of an agreement reached over the phone, CarGurus must submit suggested revisions to ... Read More »
Read More →Detroit’s automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead, reported Reuters. Auto executives say the industry is as healthy as it’s been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler ... Read More »
Read More →Ford Motor Co said it was expanding a recall to include 156,000 more vehicles to fix a potential door latch malfunction, reported Reuters. The recalls include certain Ford Fiesta, Fusion and Lincoln MKZ models. The company recalled about 390,000 of the three vehicle models in North America last week to fix the same issue. The ... Read More »
Read More →FORT WORTH, Texas – Dealership software provider AutoStar Solutions has announced a new strategic alliance with consulting agency, KISS Concepts Group, to represent the AutoStar Fusion Ignite dealer management system (DMS) to independent dealerships throughout the United States. As part of this new collaboration, independent agents and agencies that are members of KISS Concepts Group ... Read More »
Read More →OAKBROOK TERRACE, Ill. — Warranty Alternatives has announced the nationwide rollout of Universal Repair Coverage (URC), a new entire-vehicle coverage option for higher-mileage vehicles. URC offers a simple-to-understand and simple-to-use 50% exclusionary repair reimbursement benefit and annual auto deductible insurance benefit alongside rental car, roadside assistance and trip interruption cash benefits… all for half the ... Read More »
Read More →WARRENVILLE, Ill – American Guardian Warranty Services, Inc. (AGWS) would like to announce the addition of Mr. Robert (Bob) Harkins as Vice President of Training. Bob joins AGWS with a very extensive background and has been in the industry for over 25 years in Consumer Finance, Sales and Finance and Insurance Management. Most recently, Bob ... Read More »
Read More →DALLAS, Texas – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, held its 5th Bi-Annual Agent Council at the Rancho De los Caballeros outside of Phoenix, AZ. EFG’s premier agents from across the United States attended this three-day conference from Wednesday, April 22nd to Friday, April 24th to discuss current industry trends and ... Read More »
Read More →On April 16, the tables turned on Ferdinand Piech, the powerful patriarch of Volkswagen AG, reported The WSJ. For years, he had dominated the automotive giant his grandfather established. But in a meeting with other board members at his family estate in Salzburg, Austria, Mr. Piech didn’t simply fail to win support for his effort ... Read More »
Read More →General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor’s total the previous year, reported Reuters. Most of Barra’s compensation is tied to stock awards that she cannot cash in yet. She ... Read More »
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