Jim VandenBerg wondered if there would be a 'tomorrow' after Chrysler terminated his franchise agreement in 2009. Faced with the task of reducing staff by 20 percent, VandenBerg endured many sleepless nights. But in the months that followed, sales soared in his five, smaller import showrooms.
For some auto executives, leaving Detroit and opening a dealership is a well-traveled path to retirement. But former Chrysler sales chief Gary Dilts may be the only one who employs men with Kalashnikov rifles to guard the inventory.
A123 Systems is replacing lithium-ion battery modules and packs that could fail due to a manufacturing defect, a problem that recently led to the high-profile shutdown of the Fisker Karma luxury sedan during testing by Consumer Reports magazine.
A Denso executive has agreed to serve just over a year in prison and pay a $20,000 fine as part of a plea agreement for his role in rigging bids for heater control panels, the Justice Department said today.
The United States Treasury, which put $17.2 billion into a bailout of Ally Financial, has indicated it would prefer a breakup and sale of the lender -- including selling the company's captive finance auto business back to General Motors, its original owner.
Mercedes-Benz will add a diesel-engine option to the freshened GLK crossover that debuts at next month's New York auto show. The GLK gets midlife exterior updates, including new front headlamps and a sportier rear bumper.
Pat Watson, the newest member of TrueCar Inc.'s executive team, was months away from retiring. Watson's new mission: use his years of connections and inside knowledge of auto retailing and regulation to repair TrueCar's ties with U.S. dealers.
It's a good time to be a dealer. How good? Dealers even made money on new cars last year. The average retail net profit on a new vehicle was $23 in 2011 vs. a loss of $180 in 2010, said Paul Taylor, chief economist for the National Automobile Dealers Association.
General Motors CEO Dan Akerson often talks about his desire to reduce cost and complexity. The latest example: GM is chopping the number of its global marketing agencies from more than 100 to just a handful. GM projects that the consolidation will save $2 billion over the next five years.
Publicly held CarMax Inc., which specializes in used-vehicle sales, was by far the top retailer of used cars and light trucks in 2011, followed by a number of other publicly traded companies, according to data from the Automotive News list of the top 125 U.S. dealership groups.
The fight over giving independent repair shops the same access to diagnostic information as dealerships is intensifying in Massachusetts, where proponents of so-called Right to Repair legislation are pushing to put the issue on the ballot in November.
The car business is a lot more than just selling and servicing new cars and trucks. Many vehicles leave an indelible mark on society. I recently had the pleasure of participating in a couple of great auto shows in Florida Keith Crain is editor-in-chief of Automotive News.
Like a snake that refuses to die, the so-called Right to Repair initiative keeps popping up around the country. This time, it is in Massachusetts where proponents filed a petition to put the matter on the ballot; that will happen unless the legislature steps up and kills it before May 1.
Luca Ciferri's March 19 opinion piece, "GM should follow strategy of One Ford," is the best one I have read that analytically, factually and statistically explains the foolhardiness of the General Motors-PSA Peugeot Citroen alliance as well as its foreseen consequences.
Keith Crain's March 12 column, "Don't write off EVs yet" was disappointing. In light of the scandalous waste of resources we have seen in the chase for electric vehicles, I was curious to know his take.
Chrysler Group is pressing its big suppliers to buy more parts from minority-owned suppliers. Dan Knott, 51, Chrysler's head of purchasing, said the company is measuring how much business its Tier 1 suppliers do with companies owned by women and members of minority groups.
Hyundai Motor America believes it is whittling away at the problem of poor-quality sales leads from the Internet. About 700 Hyundai dealerships, with the company's encouragement, are buying leads that have been scrubbed of poor prospects.
Ryan Medina, 26, isn't a typical car salesman. His first job was with the U.S. Army. Medina's three years in the Army, including eight months in Afghanistan, armed him with skills that he uses today to sell cars at Performance Mazda of Houston.
Ford Motor Co. dealers are turning to the automaker for help finding employees from outside the auto industry. Ford will launch a pilot program April 1 to choose a recruiting firm and an employee assessment firm whose services eventually will be available to the automaker's dealer body.