Retail

DETROIT — It appears General Motors is taking care of its chief executive succession plan to have a solid team in place in preparation for its initial public offering. Not long after reporting second-quarter net income of $1.3 billion on Thursday morning, GM revealed that Ed Whitacre is stepping down and being replaced in his chairman and chief executive officer posts […] [Read More]

ANDERSON, Ind. — Bright Automotive announced Thursday that it has hired an industry veteran with more than 28 years of automotive experience, including executive roles at Tesla, Chrysler and Mercedes-Benz, as its chief operating officer. Taking on this position is Mike Donoughe. He will manage the company's day-to-day operations and lead the development of the IDEA, […] [Read More]

TROLLHATTAN, Sweden — Saab Automobile is looking for additional markets to introduce the newly launched 9-5 sedan as well as the soon-to-be-arriving 9-4X crossover and 9-5 wagon.  This is why the automaker on Wednesday announced it needs importers to supply dealers in Mexico, Argentina and Brazil. Saab sees the role including the importation and distribution of Saab vehicles and parts as well […] [Read More]

COSTA MESA, Calif. — NADAguides.com continued its back-and-forth swing between domestic and foreign nameplates when picking its latest Car of the Month. After choosing a domestic model in July, site officials went with a foreign unit for August, tapping the 2011 Infiniti M56. They believe this vehicle steps into the M series lineup with "style," replacing […] [Read More]

FORT WALTON BEACH, Fla. — A Chevrolet dealer along Northwest Florida's Gulf Coast took a gamble when he brought in 10 new-vehicle models from rivals Toyota, Honda, Ford and Dodge for shoppers to test-drive and compare to his own offering.  But it seems to be paying off for Taylor Hood and Preston Hood Chevrolet, which posted a […] [Read More]

AUBURN HILLS, Mich. — In preparing for the U.S. launch of the Fiat brand, Chrysler is hosting a Fiat Experience later this month and has asked about 600 of its dealers to be at the event. These Chrysler stores are all located in one of markets where the automaker is looking to place the Fiat brand. Peter Grady, […] [Read More]

ATLANTA — Porsche Cars North America has a new executive vice president and chief financial officer, the automaker revealed Tuesday. Taking the post is Thierry Kartochian, who takes over for Frank Hoffmann as he leaves the company to pursue other opportunities. Kartochian had been serving in concurrent roles as executive vice president of Porsche Business Services and […] [Read More]

MEDFORD, Ore. — Lithia Motors added a new store to its network that gives the automotive group a bolstered presence in Montana and the chance to reach more consumers through a regional hub. Lithia revealed this week that it has bought Prestige Toyota, a Billings, Mont., dealership that brings about $33 million in annual revenues into […] [Read More]

TRAVERSE CITY, Mich. — The General Motors of today is a faster-moving organization that doesn't waste time in making prudent decisions, the company's chairman and chief executive officer claims. In fact, the automaker puts forth the effort to make decisions that are smart for business, but is being quick about it, Edward Whitacre said last week during a speech at the CAR […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group's effort to join its domestic manufacturing brethren with encouraging progress during the ongoing industry turnaround took another positive step Monday. The automaker released its second-quarter results, which included gains in net revenue, operating profit and available cash. Executives indicated net revenue in the second quarter came in at $10.5 billion, […] [Read More]