Finance & Insurance
Customers' driver's licenses pose hidden threat to dealers
11:02 am U.S. ET | March 10
For a dealership, a customer's driver's license isn't just a driver's license any more. Based on lawsuits, it's "a $16,000 liability" lying next to the copy machine, says Doug Fusco, founder and CEO of DealerSafeGuardSolutions in McKinney, Texas.... Read More » Comments [0] | Recommendations [0]
Advertising
Trial is reset for defunct tire-program vendor
11:07 am U.S. ET | March 10
The trial date for Wilbur "Tray" Harrison Jr., the seller of a now-defunct tire replacement program, was postponed from this week until June 22.... Read More »
Subprime lender AmeriCredit says don't come in, the water is fine
11:04 am U.S. ET | March 10
The climate has improved so much for subprime auto lenders that Kyle Birch of AmeriCredit Corp. says he has begun to worry that market conditions could attract more startups in subprime.... Read More »
Sales
Whitacre: GM is on track for pre-June loan repayment
4:00 pm U.S. ET | March 10
General Motors Co. will pay back roughly $8 billion in debt to the United States and Canada before June, CEO Ed Whitacre said today. That repayment schedule would be quicker than the automaker has promised.... Read More »
Dealers
Like GM, Chrysler should reinstate rejected dealers, lawmaker says
10:43 am U.S. ET | March 10
A senior U.S. lawmaker is calling on Chrysler Group to follow General Motors Co.'s lead and reinstate rejected dealerships. Rep. Chris Van Hollen, the sixth-ranking House member, noted that Chrysler itself has said a strong dealer network is instrumental to the company's growth.... Read More »
Marketing
GM’s Suburban gets a free ride in ‘Crazy Heart’
12:35 pm U.S. ET | March 10
So how much did General Motors Co. pay to place a well-worn 1978 Chevrolet Suburban in a prime role in the hit film ‘Crazy Heart’? The truck was driven by leading man Jeff Bridges -- ironically, the voice of Hyundai commercials.... Read More »
Remarketing
SmartAuction will handle used-car disputes
12:01 am U.S. ET | March 8
GMAC Financial Services now will arbitrate disputes for dealers who find previously undisclosed problems with vehicles they bought through GMAC's SmartAuction online remarketing channel -- no matter the seller.... Read More »
Service & Parts
THE TOYOTA RECALL CRISIS
Toyota gets a court stay on executive testimony in Mich. suit
12:01 am U.S. ET | March 10
A Michigan appeals court today granted a stay requested by Toyota Motor Corp. that delays testimony by two top U.S. company executives in a case about a crash that killed a woman driving a Camry in 2008.... Read More »
NADA
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 »
Automotive News TV
» Today's newscast
• Toyota spiffs paying off
• Cadillac going rogue?
• The clunkers effect
Wed., March 10
• Toyota spiffs paying off
• Cadillac going rogue?
• The clunkers effect
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