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Six months after stepping aside as General Motors Co.’s fourth CEO in five years and leaving his successor with a searing recall crisis, Dan Akerson tells The Detroit News “we all … didn’t fully realize how deeply some of the problems ran,” reported The Detroit News. That’s not the half of it, as his hand-picked ... Read More »
Read More →TORRANCE, Calif. — F&I and Showroom is now accepting entries for the IAS-sponsored F&Idol video contest. The deadline to submit is Aug. 20. This year’s contest will be broken up into two parts, with the second phase launching at Industry Summit 2014, scheduled for Sept. 8-10 at the Paris Las Vegas. Categories and contest rules ... Read More »
Read More →Despite the tension in the Middle East, gasoline prices have dropped more than 16 cents per gallon in the past month, according to records compiled by AAA, reported The Detroit Bureau. Gasoline prices vary by region but overall the average price for regular gasoline dropped more than 9 cents per gallon in the two weeks ... Read More »
Read More →Michigan’s largest privately held automotive dealership group just got bigger, reported MichiganLive. The Suburban Collection – a Troy-based dealership group – just announced its acquisition of BMW of Ann Arbor and Mercedes-Benz of Ann Arbor from the Charlotte, North Carolina-based Sonic Automotive, Inc. Terms of the transaction were not disclosed. The company already has an ... Read More »
Read More →An influential consumer magazine on Monday called on Toyota Motor Corp to recall about 177,500 older Camry hybrid sedans to address potential power brake defects, reported Reuters. Consumer Reports, which many consumers use when studying what vehicles to buy, said the Japanese automaker’s decision to call for a service campaign or a warranty extension on ... Read More »
Read More →A former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the automaker said on Friday, reported Reuters. “Ford and the FBI are working together on a joint investigation involving a former employee,” Ford spokeswoman Susan Krusel said. “As this is an ongoing ... Read More »
Read More →FORD LAUDERDALE, Fla. — In a quarter in which it posted record second-quarter earnings per share (EPS) from continuing operations, AutoNation’s F&I operations realized an 11.5% increase in revenue from a year ago and a $9 million, or 5%, increase in total gross profit. Average gross profit per vehicle retailed for the nation’s largest auto ... Read More »
Read More →Japan’s Mazda Motor Corp will broaden a recall of cars sold in the United States because an air-bag inflator, supplied by Japan’s Takata Corp, could rupture and seriously injure occupants, reported Reuters. The issue of ruptured inflators – which can hurl metal shrapnel at vehicle occupants – has bedeviled Takata and triggered the recall of ... Read More »
Read More →A $2.5 billion pretax bill for safety recalls and a victims’ compensation fund slashed General Motors Co.’s second-quarter profit and highlighted the work it must do to close a profitability gap with rival Ford Motor Co., which reported stronger results for the quarter ahead of a critical product launch, reported The Wall Street Journal. GM ... Read More »
Read More →CLEARWATER, Fla. – United Development Systems, Inc. (UDS) has been named the 2014 Dealers’ Choice Diamond Award Winner for F&I Training as awarded by Auto Dealer Monthly. For the tenth consecutive year UDS has been ranked in the F&I Training category, while placing 1st in nine out of ten years surveyed. “Ten short years ago, ... Read More »
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