Although American Suzuki Motor Corp. announced plans late Monday to file for Chapter 11 bankruptcy, chairman Takashi Iwatsuki told dealers and vehicle owners that warranties will be honored, and service will be provided without interruption through the company’s parts and service network. “Following a thorough review of our current position and future opportunities in the […] [Read More]

As Penske Automotive Group posted a 20.4-percent jump in used retail sales, the company posted record third quarter adjusted income from continuing operations and related earnings per share. The company reported last Friday that its adjusted income from continuing operations attributable to common shareholders increased 19.1 percent to $54.3 million and related earnings per share […] [Read More]

After increasing its new-vehicle retail sales by more than 21 percent in the third quarter, AutoNation wasted no time in getting the fourth quarter off to a quick start. The retailer experienced increases across the board in new-car retail sales, as each of its three operationg segments boosted their respective numbers by double-digit percentages. [Read More]

As damage tallies  stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW said Thursday that October sales were still up year-over-year by 4.6 percent. The firm tabulated total used sales […] [Read More]

Ford revealed a series of changes within its leadership team, today while also announcing that its chief executive will be staying with the Blue Oval through at least 2014. Alan Mulally will continue leading the long-term strategic development of the One Ford plan and its continuous improvement, the company shared. At the same time, Mark […] [Read More]

Nissan Canada president Allen Childs is retiring on Jan. 1 after two decades with the automaker, Nissan announced Wednesday. Moving into the leadership position at Nissan Canada will be Christian Meunier, who is currently the president of Nissan Brazil. That move will also be effective Jan. 1. Childs has been president of Nissan Canada since […] [Read More]

Children, veterans and others will benefit from charity events being held this month by two groups of dealerships in their efforts to reach out to their respective communities.     First, Boucher Group Ford stores in the Wisconsin cities of Menomonee Falls, West Bend, Kenosha and Janesville announced “Go Further with Ford Night” set for Nov. […] [Read More]

Halloween came early to transportation company MetroGistics, as the company welcomed vampires, zombies and other two-legged creatures to its first Monster Mash fundraiser. Benefiting two charities for four-legged friends, the Monster Mash raised more than $18,000 for Stray Rescue of St. Louis and Project VIP (Very Important Pets). It was held on Oct. 20 at […] [Read More]

The National Highway Traffic Safety Administration said BMW of North America is recalling more than 52,000 large sedans in two separate campaigns. The larger of the two recalls is connected with the transmission control module on 45,500 units. The models included in this campaign are: —2005 BMW 745I —2005 BMW 745LI —2006-2008 BMW 750I —2006-2008 […] [Read More]

As Hurricane Sandy — or “Frankenstorm” as people have dubbed the pre-Halloween tempest that made landfall in the Northeast just yesterday — ravages the coast the industry waits for news of how it will affect car sales. News of power outages in Manhattan and serious flooding in New Jersey hits the papers, and the storm […] [Read More]