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AUSTIN, Texas — Service Group has partnered with Kawasaki Motors Corp. U.S.A. to provide comprehensive extended coverage on new and used powersports units sold at Kawasaki dealerships throughout the United States. Service Group will be the administrator for the new GAP, tire-and-wheel and prepaid maintenance products being offered alongside Kawasaki’s rebranded factory coverage, Kawasaki Protection ... Read More »
Read More →Recent reports that the Department of Justice (DOJ) is looking into the subprime auto finance market have spurred a discussion about whether such loans will go the way of subprime mortgages. According to a New York Times op-ed piece published Friday, predatory auto loans have been a growing problem — but industry associations have stepped ... Read More »
Read More →Chrysler Group LLC said on Monday its head of U.S. sales, Reid Bigland, has been appointed to lead the Alfa Romeo brand for North America, as it prepares for a relaunch aimed at reaching sales of 150,000 in four years, reported Reuters. Bigland, 47, joined Chrysler in 2006 as the head of its Canadian operations, ... Read More »
Read More →CHARLOTTE, North Carolina— Sonic Automotive Inc., one of the country’s largest car-dealer companies, will open a chain of preowned-vehicle stores hoping to move on the turf of used-car retailer CarMax Inc, reported The Wall Street Journal. Sonic on Monday will announce the creation of EchoPark stores, with the first dealership opening in Denver this autumn, ... Read More »
Read More →Electric carmaker Tesla Motors Inc TSLA.O said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle, reported Reuters. Tesla announced that the drive unit warranty on the Model S has been increased to match that of the battery ... Read More »
Read More →STRONGSVILLE, Ohio — National Automotive Experts has purchased a new building and is planning to greatly expand its offices later this year, RV Daily Report has learned. The company that offers the RV Warranty Forever program, as well as several other products, including ancillary and service contracts for the RV industry, has outgrown its 24,000-square-foot ... Read More »
Read More →Nearly five months after Toyota Motor Corp. agreed to a $1.2-billion settlement with the U.S. Justice Department the two sides agreed on a monitor for the Japanese maker’s safety compliance efforts: former U.S. Attorney David Kelley, reported The Detroit Bureau. In March, Toyota pleaded not guilty, but acknowledged wrongdoing in its handling of cases of ... Read More »
Read More →SANTA MONICA, Calif. — TrueCar posted a record $50.5 million in revenue in the second quarter, a 62% increase from a year ago. This was the first time the company has exceeded $50 million in quarterly revenue, noted TrueCar CEO Scott Painter. In April, the company filed for an initial public offering of its common ... Read More »
Read More →KINGSTON, Pa. — A former employee of Wyoming Valley Motors BMW was sentenced Monday to four years of probation, with the first 12 months to be served under house arrest. The woman, who pleaded guilty in June to a single count of theft, stole $52,500 from the dealership, reports Citizensvoice.com. Between May 2013 and October ... Read More »
Read More →WOODCLIFF LAKE, N.J. — The summer sales momentum continued in July, with light vehicle sales increasing 5% from a year ago to 1.435 million units, according to Autodata Corp. This July SAAR came in at 16.48 million units, up from 15.76 million in July 2013 but down from 16.9 million in June. The following is ... Read More »
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