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Hyundai names Perry interim head of U.S. marketing

3:17 pm U.S. ET | March 18
Hyundai Motor America has named Chris Perry the interim head of its marketing department as it begins a search for a new vice president. Perry, 49, will replace Joel Ewanick, who left today to take the post of vice president of marketing for Nissan Division.... Read More »
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GMAC has raised $7.1 billion selling securities, bonds

4:17 pm U.S. ET | March 17
GMAC Financial Services this week is raising nearly $1 billion selling retail auto loans as securities. The sale is one of a series of transactions indicating that GMAC has improved its access to capital in the past six months after having to rely on repeated cash infusions from the U.S.... Read More »
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Chrysler halts franchise awards in rejected dealers' backyards

2:34 pm U.S. ET | March 16
Chrysler Group, after congressional pressure and complaints from rejected dealers, said it will stop awarding new franchises temporarily in the markets of closed dealerships that are pursuing arbitration.... Read More »
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Sales
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THE TOYOTA RECALL CRISIS

Recalls erode Toyota’s perception of quality

3:03 pm U.S. ET | March 15
The negative publicity surrounding the recall of 8.5 million Toyota cars and trucks around the world has knocked the brand from the top spot in a study that measures consumers’ perceptions of brand quality.... Read More »
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Finance & Insurance
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Ford, Honda, VW have fewest extended service claims, study says

12:01 am U.S. ET | March 17
Certain Fords, Hondas and Volkswagens were the most dependable vehicles covered by their contracts, according to a study by the extended service contract administrator Warrantech. "The more reliable vehicles require less insurance reserves.... Read More »
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Remarketing
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Auto auction purchases fell 6 percent in 2009

4:36 pm U.S. ET | March 12
Dealers purchased almost 9 million vehicles at National Auto Auction Association member auctions in 2009, down 6 percent from 2008, according to the auction group's 13th annual survey.... Read More »
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Service & Parts
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THE TOYOTA RECALL CRISIS

Toyota considers fixes to 1.2 million Corollas, Matrixes

12:01 am U.S. ET | March 18
Toyota Motor Corp. has told U.S. safety regulators it is considering how to fix nearly 1.2 million Corolla and Matrix models that risk stalling because of flaws in an electronic system. In a letter to the National Highway Traffic Safety Administration, Toyota said it wanted to meet U.S.... Read More »
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NADA
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Store profits up in '09; cost cuts help offset weak revenues

12:01 am U.S. ET | March 1
The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. The average dealership's net pretax profit margin rose to 1.5 percent in 2009 from 1.... Read More »
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