Similar to another Japanese automaker, Toyota Motor Corp., shared Tuesday that it suffered significant financial setbacks during the first quarter of the 2011 fiscal year. But Toyota leadership is so confident in its future that it raised sales and revenue expectations. By how much did the OEM boost its forecast? Toyota believes it will move […] [Read More]

Ford told the National Highway Traffic Safety Administration it will recall more than 1 million trucks to replace fuel tank straps. The recall includes these units: —Ford F-150 from 1997 through 2004 model years. —Ford F-250 with a gross vehicle weight rating of less than 8,500 pounds from 1997 through 1999 model years. —Lincoln Blackwood […] [Read More]

While the first-quarter financial numbers might look bleak, revised sales forecasts and other signs point toward Honda Motor Co., making a strong recovery as its 2011 fiscal year continues, especially on the heels of strengthening certified pre-owned sales. First, here is the unsightly news that came out Monday. Honda’s first-quarter consolidated net income totaled 31.7 […] [Read More]

Subaru of America turned to the digital sector of the auto industry to find its new chief marketing officer. The company announced late last week that taking on the CMO post effective Sept. 7 is Dean Evans, who most recently held that same role with Dealer.com. His 23 years of experience in the auto industry […] [Read More]

The industry hit used-car sales in the neighborhood of 4.5 million units in June, and Edmunds.com pricing manager Richard Arca expects July’s used total to reflect "something very, very similar." It would appear then that the used market remains fairly stable, as June’s used sales was also rather steady (up 0.9 percent) when compared to […] [Read More]

BMW of North America will have a new president beginning Oct. 1 to fill the shoes of Jim O’Donnell when he retires. Appointed to the position is Ludwig Willisch, who at the moment heads up BMW Group’s European sales region. O’Donnell, meanwhile, has served in the North American president’s post since 2008. BMW says it […] [Read More]

Late last week, Carfax revealed its newest partner. Internet sales lead generator Cargigi is now offering the company’s vehicle history reports for its online listings. Subscribing dealers will now be privy to Carfax’s vehicle history information, which can be added to their inventory marketed online. Providing this information up-front to online shoppers builds confidence and […] [Read More]

Late last week, Carfax revealed its newest partner. Internet sales lead generator Cargigi is now offering the company’s vehicle history reports for its online listings. Subscribing dealers will now be privy to Carfax’s vehicle history information, which can be added to their inventory marketed online. Providing this information up-front to online shoppers builds confidence and […] [Read More]

The Automotive Retailers Association of British Columbia named its new president this week. Picked for the role is Ken McCormack, who was previously the general manager at B.C. Milk Marketing Board and executive director of the Agriculture and Food Council of Alberta. “I am excited about my appointment to the position of president of the […] [Read More]

In late breaking news out Thursday, the moment much of the industry has been waiting for finally came to pass. The leadership team for Chrysler/Fiat has been revealed. And heading up both Chrysler and Fiat as chief executive officer will be Sergio Marchionne. The company announced the formation of a group executive council, similar to […] [Read More]