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IRVINE, Calif. — Fifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM still exists, reports Kelley Blue Book. “Despite challenges with the recall announcements, General Motors CEO Mary Barra has successfully positioned the brand in a positive ... Read More »
Read More →Ford executive chairman Bill Ford Jr. said the transition to a new chief executive in recent weeks has been smooth, reported The Detroit News. Mark Fields took over as president and CEO on July 1 after Alan Mulally stepped down. Ford Jr. said the transition had been “perfect. … The transition’s been great. I’m thrilled. ... Read More »
Read More →LAWRENCE, Kan. — A Douglas County auto dealer has been ordered by Attorney General Derek Schmidt’s Office to repay a consumer more than $2,000 after violating the Kansas Consumer Protection Act. South Auto Sales, Eudora, and its owner, Salah Ibrahim, were ordered last week in a consent judgment to reverse an automobile transaction and repay ... Read More »
Read More →LAKE SUCCESS, N.Y. — Dealertrack Technologies has announced a partnership with Element Payment Services, a Vantiv company, to seamlessly integrate electronic payment processing into Dealertrack DMS 2.0. “Element provides the full breadth of services a merchant needs as both a full-service processor and a provider of gateway cloud services,” said Matt Downs, general manager of ... Read More »
Read More →McLEAN, Va. — New-car dealer franchise laws protect consumers during safety recall and warranty claims, create price competition and benefit automakers, says the National Automobile Dealers Association in a new animated video released Wednesday as part of its “Get The Facts” initiative. “Buying a car is a … complicated purchase with financing, titling, registration, insurance ... Read More »
Read More →Tesla Motors Inc said its second-quarter loss increased to $62 million, or 50 cents a share, from a $31 million loss a year ago as the company ramped up spending to develop its second electric vehicle, added workers and expanded into China, reported The Wall Street Journal. Tesla said it delivered 7,579 Model S vehicles ... Read More »
Read More →Chrysler Group LLC will recall about 29,500 Fiat 500L compact cars because knee air bags may not work properly if a driver is not wearing a seat belt, the company said on Wednesday, reported Reuters. Testing by Chrysler and the National Highway Traffic Safety Administration showed that the driver’s knee air bag may not deploy ... Read More »
Read More →General Motors Co. on Friday starts taking applications from victims of accidents connected to defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November, reported The Wall Street Journal. The nation’s largest auto maker has said it would pay from $20,000 to several million dollars per ... Read More »
Read More →Fiat SpA, the parent company of Chrysler Group LLC, reported a 55 percent decline in second-quarter profits due to weak performances in Europe and Latin America, reported Michigan Live. The Italian automaker said its net profit from April through June was 197 million euros ($264 million), down from 435 million euros ($583 million) for the ... Read More »
Read More →Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers, reported Michigan Live. The recall covers 883,000 cars from the 2011 through 2014 model years. The Korean automaker says the automatic transmission shift cable can separate from the shift lever. If that happens, the lever may not show the ... Read More »
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