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Retail
Toyota Resumes Hiring for New Mississippi Plant
Tuesday, Aug. 24, 2010, 01:54 AM
Auto Remarketing
BELDEN, Miss. — Gov. Haley Barbour and officials from Toyota Motor Manufacturing Mississippi declared they have overcome significant economic obstacles to share some positive developments about the plant rising in the northern part of the state. After recessionary conditions stalled the process, the company recently resumed the hiring of more workers at its Blue Springs, Miss., […] [Read More]
Kia Model Rises From Obscurity to Top of KBB Hot Car Report
Monday, Aug. 23, 2010, 03:56 AM
Auto Remarketing
IRVINE, Calif. — A Kia model officials from Kelley Blue Book's Kbb.com said once was an industry "punch line" now is dominating positive growth, according to the site's most recent Hot Car Report. KBB determined that weekly shopping growth among all vehicles as well as newly introduced and redesigned models was led by the 2011 Kia Sportage. […] [Read More]
Sonic Bolsters Network in Two Markets
Monday, Aug. 23, 2010, 03:55 AM
Auto Remarketing
CHARLOTTE, N.C. — Sonic Automotive has beefed up its existing presence in two markets. The dealership group revealed Friday that it was granted Buick and GMC franchises in Montgomery, Ala., as well as a new Kia franchise in Colma, Calif. "We are pleased to be associated with these brands in these particular markets and appreciate the […] [Read More]
J.D. Power: New Sales Moderate in July, but Still Rather Healthy
Friday, Aug. 20, 2010, 02:00 AM
Auto Remarketing
WESTLAKE VILLAGE, Calif. — Though they have subsided from a rather robust July, there has still been "relative strength" in new-vehicle sales during August, according to J.D. Power and Associates. The company pointed out that the month's seasonally adjusted selling rate for retail sales will likely be stronger than the pace during the first half of 2010. […] [Read More]
Another Hyundai Exec Joins GM
Friday, Aug. 20, 2010, 01:59 AM
Auto Remarketing
DETROIT — General Motors revealed Thursday afternoon that it has a new vice president for Chevrolet marketing to replace Jim Campbell, who is moving to the position of vice president of performance vehicles and motorsports. Taking the Chevrolet marketing post is Christopher Perry, who most recently was vice president of marketing for Hyundai Motor America. The […] [Read More]
Edmunds.com: August Sales Looking Strong
Friday, Aug. 20, 2010, 01:56 AM
Auto Remarketing
SANTA MONICA, Calif. — Should the sales pace hold, August could be quite a successful month for automakers and their franchise dealers. Edmunds.com analysts projected how August new-vehicle sales could finish based on data compiled during the first two weeks of the month. The site believes if August sales continue at the current rate, they will total […] [Read More]
Porsche Taps Industry Veteran as General Counsel
Friday, Aug. 20, 2010, 01:55 AM
Auto Remarketing
ATLANTA — Porsche Cars North America on Thursday revealed its new general counsel, a veteran legal professional who the automaker said has actually been on the job since last month. Reporting directly to president and chief executive officer Detlev von Platen is Joseph Folz. The company indicated Folz not only will lead its legal department but […] [Read More]
NADA Sponsors SEMA Event to Help Dealers Maximize Accessories Opportunities
Friday, Aug. 20, 2010, 01:54 AM
Auto Remarketing
McLEAN, Va. — The National Automobile Dealers Association will serve as a co-sponsor for an event this fall that is designed to help dealers take advantage of opportunities in the accessories segment. The third annual Dealer Day Conference at the Specialty Equipment Market Association's 2010 convention will delve into a number of helpful tips for dealers looking […] [Read More]
GM Files IPO Registration with SEC
Thursday, Aug. 19, 2010, 04:01 AM
Auto Group Editor Jennifer Reed
DETROIT — A little more than a year after its bankruptcy proceedings and less than a week after naming a new chief executive officer, General Motors has ended the industry speculation. It has filed for an initial public offering. The automaker appears ready to largely untangle itself from the U.S. government by paying much of the bailout […] [Read More]
300,000 Mazda3 and Mazda5 Units Recalled
Thursday, Aug. 19, 2010, 01:58 AM
Auto Remarketing
WASHINGTON, D.C. — Mazda Motor Corp. revealed to government officials earlier this week that the manufacturer is recalling more than 300,000 Mazda3 and Mazda5 vehicles in North America so dealers can fix problems with the power-steering system. The units involved in this recall are from the model years 2007 through 2009. The OEM built these versions […] [Read More]
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