Many Dealers Reluctant to Invest in Facilities Upgrades

A number of dealers in attendance at last week’s National Automobile Dealer Association convention expressed frustration over automaker’s requirements that they upgrade their facilities.

Posted in In the News

GM, Chrysler Pass on Tokyo Auto Show – Ford Not Yet Committed to Attend

General Motors Company and Chrysler Group LLC have announced that they will not exhibit at this year’s Tokyo Motor Show, and Ford Motor Company is reportedly considering following suit.

Posted in In the News

Mercedes USA to Acquire U.S. Distribution Rights for Smart Brand

Penske Automotive Group has agreed to surrender distribution of Daimler AG’s Smart car division in the U.S. Daimler’s Mercedes-Benz USA is now in negotiations to take over as the U.S. distributor of the ForTwo microcar. According to Mercedes-Benz USA CEO Ernst Lieb, the hand-over is expected to be finalized in July.

Posted in In the News

New Car Dealers Cautiously Adding Jobs as Economic Outlook Improves

Over the past three years, auto dealers have been forced to trim their staffs to survive the global economic downturn and falling demand for their products. Now, many new car dealers who managed to ride out the storm indicate they will add personnel in 2011.

Posted in In the News

Transportation Department’s Exoneration of Toyota is Reprieve for All Automakers

This week Transportation Secretary Ray LaHood announced that the federal government has found no evidence to support claims that electrical failures were to blame for the rash of unintentional acceleration incidents that lead to the recall of approximately 13.5 million Toyota vehicles in 2010. The announcement is seen as a reprieve for automakers who feared Toyota’s troubles would lead to onerous regulations for the entire industry.

Posted in In the News

Ford Hopes to Duplicate Fiesta’s Social Media Success for Redesigned Explorer

Ford Motor Company is hoping it can duplicate the success of last summer’s “Fiesta Movement” social media campaign for the 2011 Explorer. The SUV’s Facebook fan page has nearly 140,000 followers, and Explorer communications manager Eric Peterson expects the number to grow as Ford launches the official kickoff of its new social media campaign.

Posted in In the News

New Study Stresses Need for More Government Aid to Support Electric Vehicle Sector

According to a new study by Indiana University, the U.S. lags behind Asia in the development of electric vehicles. The year-long study, headed by retired Ford Motor Company executive Gurminder Bedi, also asserts that it is unlikely that the Obama Administration will realize its goal of placing 1 million electric vehicles on American roads by 2015.

Posted in In the News

Honda Raises Profit Outlook as U.S. Recovery Heats Up

Japan’s No. 3 automaker, Honda Motor Company, has raised its annual profit outlook thanks to a recovery in the U.S. market which helped offset decreased sales in Japan and the strengthening yen.

Posted in In the News

Toyota Praises Obama Administration’s 2017-2025 Fuel Economy Proposal

In contrast with the leading automotive trade group, the Alliance of Automobile Manufacturers, Toyota Motor Corporation has expressed support for the Obama administration’s proposal to significantly raise fleet-wide fuel-economy standard of 47 mpg by 2017.

Posted in In the News

Fiat Positioning Itself for Majority Ownership Stake in Chrysler

On Thursday, Fiat S.p.A. CEO Sergio Marchionne announced that the Italian automaker has enough cash on hand to increase its stake in Chrysler Group to a controlling 51 percent.

Posted in In the News

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