TULSA, Okla. — In a move that officials say will help the company shore up its leasing capacity, Dollar Thrifty Automotive Group revealed Friday that its Rental Car Finance Corp. subsidiary completed a round of asset-backed financing that, once completely funded, will provide $300 million in additional fleet financing. Specifically, the subsidiary completed a private placement of Rental Car Asset […] [Read More]

CARY, N.C. — AutoRemarketing.com readers this week were intrigued by reports about an internal memo that discussed General Motors' stance about a nickname connected with one of its signature brands. Also drawing in plenty of interest was a story about a new program rollout from ADESA that the auction company unveiled during the ongoing National Independent […] [Read More]

LAS VEGAS — Among the many challenges facing independent dealers in today's automotive landscape, the two that Kathy Decker cited as most pressing were the availability of capital and being able to access retail financing. The group vice president of Manheim Financial Services talked with Auto Remarketing on Tuesday at the National Independent Automobile Dealers Association […] [Read More]

DETROIT — Purchasing an extended cab pickup truck might not be the best option for buyers who reside in large metro areas so AOL Autos assembled a list of what it called the Top City Cars. Like a cozy, one-bedroom apartment, AOL Autos believes this selection of vehicles mostly from foreign automakers offers drivers plenty in […] [Read More]

ELDRIDGE, Iowa — QCSA Holdings announced recently announced that two investors have joined its board of directors. New board members include Rick Keister, who will also serve as board chairman, and Cam Hitchcock. Keister is an entrepreneur that most recently served as the chief executive officer of Keystone Automotive Industries. Keystone led the aftermarket parts industry […] [Read More]

HAMILTON, N.J. — Honda dealer Mike Saporito of Hamilton Honda was recently honored as an honorary commander by the joint base McGuire-Dix-Lakehurst, which is home to active, reserve and guard Air Force, in addition to Army, Navy and Marine Corps. The Honorary Commands Program is designed to facilitate communication between the surrounding community leaders and military […] [Read More]

DETROIT — General Motors and Opel/Vauxhall have decided to withdraw all applications for government loan guarantees throughout Europe. Apparently, while the reasons behind asking for government guarantees has not changed, according to the company, the process of receiving assistance has been "more complex and longer than anticipated and the results are still not finalized or certain." […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group leadership again enjoyed rewards for its commitment to encouraging employees to be healthier. On Monday, the automaker was listed among winners of the Best Employers for Healthy Lifestyles Award from the National Business Group on Health. It's the second year in a row Chrysler has received this honor and the […] [Read More]

TULSA, Okla. — I've been working in the insurance industry for more than 30 years and I've spent the last 12 years providing insurance to collateral recovery agents throughout the United States. Recently, I have seen a rise in lawsuits against recovery specialists for violation of certain state consumer protection acts as well as the Fair […] [Read More]

ALPHARETTA, Ga. — AmeriFleet Transportation, recently rolled out an enhancement of its complete asset recovery service with Prescription Drug Marketing Act certification. The corporate fleet logistics solution provider explained this new service is designed to meet the needs of customers requiring vehicle recoveries when there are pharmaceutical samples covered by the Prescription Drug Marketing Act and […] [Read More]