GE Capital Fleet Services recently announced its customer cost savings for the full year of 2011. The total amount of identified savings was  $347 million, with optimal vehicle cycling for fleets yielding the highest cost savings of more than $124 million for the year, officials revealed. [Read More]

Dollar Thrifty Automotive Group revealed late last week the completion of a new five-year $450 million senior secured credit facility that “significantly enhances the company’s liquidity, as well as its operating and financing flexibility,” according to officials. [Read More]

Reporting fourth-quarter and full-year 2011 fiscal results on Thursday, General Motors had a banner year — increasing net income by $2.9 billion — and appears to be moving further past its bankruptcy-era struggles. And based on what analysts have said in reaction, GM could climb even further, though it likely won’t come easy. [Read More]

It appears Honda may be facing a serious monkey wrench to the proposed class-action settlement in a case involving hybrid vehicle owners suing the automaker for allegedly misleading them about fuel efficiency. After a small claims case judgment just shy of $10,000 was won by Heather Peters — who elected not to participate in the […] [Read More]

While attorneys contest that six parties are considering buying Saab Automobile, the road ahead may be difficult for any potential suitor, given what is occurring with Saab’s dealer base, says Bloomberg in a recent report. Bloomberg indicates that the number of Saab dealers choosing to close up shop during the last two years is roughly […] [Read More]

Though the company refused to issue a statement or confirm to Auto Remarketing, news is now circulating that DuPont is accepting bids for its automotive paint division. Citing unnamed sources, the report that surfaced late last week indicates that the sale of this business unit could garner more than $4 billion. It was widely reported in October that DuPont had […] [Read More]

Though executives acknowledged on Thursday’s quarterly conference call that used-vehicle supply and pricing are likely to continue to be challenging, Group 1 Automotive celebrated a double-digit spike in fourth-quarter used sales on its way to achieving what was the most profitable year ever for the dealership group. Group 1 capped its best-ever year with a […] [Read More]

Along with an update from the president about the organization’s industry scorecard, the American Recovery Association revealed more of its agenda for the 2012 North American Repossessors Summit, including the event’s keynote speaker. Headlining the two-day training and networking event will be Mike Goins, senior manager and head of loss recovery at TD Auto Finance, […] [Read More]

Seeing a Wall Street Journal report saying Chrysler is in the midst of seeking a new bank alliance to provide services for the automaker’s captive finance arm didn’t cause David Kelleher to overreact. The Chrysler National Dealer Council president told Auto Remarketing he thinks the OEM is simply testing the financial waters and likely Chrysler […] [Read More]

After spending several weeks soaking in as many company details as possible, Digital Recognition Network’s new chief executive officer is traveling full bore, meeting with lenders and agents in attempt to push the license plate recognition technology operation to “the next level.” Chris Metaxas officially became DRN’s top boss back on Dec. 1, and used […] [Read More]