Ford announced actions late last week that it says will allow the automaker to cut close to $3 billion away from its debt. Specifically, Ford revealed that it will redeem the entire the $2.98 billion aggregate principal amount outstanding of its 6.50 percent Junior Subordinated Convertible Debentures held by Ford Motor Co. Capital Trust II […] [Read More]

Edmunds.com contends an increasing number of Chrysler, Dodge and Jeep owners are reporting fuel spit-back issues at the gas pump. Site analysts came to this assessment based on complaints filed with the National Highway Traffic Safety Administration. The site determined these complaints assert that the fuel system does not respond to a shut-off mechanism in […] [Read More]

Summit Resources is now providing dealers with a free version of its LoyaltyCash online rewards program, a tool it believes can drive more repeat customers at dealerships. LoyaltyCash allows dealers to reward customers who come back to the store to make transactions, thus giving dealers another strong selling point. [Read More]

With Honda Canada Finance vice president David Sudbury set to retire in less than a month, the longtime Honda executive talked with Auto Remarketing Canada this week to share some of the highlights of his career and how the Canadian remarketing and auto finance fields have evolved during his 29-year Honda tenure, which ends March 1. Among other topics, […] [Read More]

KAR Auction Services revealed on Wednesday the date of its 2011 annual meeting of stockholders. The meeting will take place on May 12. KAR indicated that it will nail down the meeting’s time and location and include that information in the proxy materials. Furthermore, KAR also finalized the record date for determination of the stockholders […] [Read More]

WomenCertified recently revealed its 2011 Vision Award for the auto industry, and receiving this year’s honor was Jim Dunn, who is the vice president and general manager for JM Lexus in Margate, Fla. [Read More]

In addition to a variety of workshops and panels discussing specific topics relevant to the used-car market in Canada, the 2011 Auto Remarketing Canada conference, presented by CarProof, will feature a panel discussion overview of the Canadian economy designed to provide the broad picture of the current state of the industry.   [Read More]

Heading into Super Bowl XLV this past weekend, Chrysler said it kept its new ad with Eminem for the 2011 Chrysler 200 under wraps so that it would generate a stronger response. The commercial appears to have achieved exactly that, according to industry analysis, although one particular survey said the rap song-infused spot created some confusion […] [Read More]

Despite IntelliChoice reducing the amount of honors by more than half, two brands, in particular, still led the industry on the firm’s list of the 2011 Best Overall Value of the Year Awards, released Monday at the National Automobile Dealers Association Convention & Expo. Combining to claim 11 of the 21 spots were Toyota and […] [Read More]

On Monday, TrueCar officially rolled out its ClearBook.com used-vehicle value index, a tool it says gives dealers and consumers a detailed picture of the entire used-car market’s behavior. ClearBook creates a used-vehicle price report for dealers and shoppers after analyzing millions of used-vehicle listings by year, make, model, mileage and condition. The site aims to […] [Read More]