Retail
300,000 Mazda3 and Mazda5 Units Recalled
Thursday, Aug. 19, 2010, 01:58 AM
Auto Remarketing
WASHINGTON, D.C. — Mazda Motor Corp. revealed to government officials earlier this week that the manufacturer is recalling more than 300,000 Mazda3 and Mazda5 vehicles in North America so dealers can fix problems with the power-steering system. The units involved in this recall are from the model years 2007 through 2009. The OEM built these versions […] [Read More]
NHTSA Troubled by Kia Soul Complaint
Thursday, Aug. 19, 2010, 01:56 AM
Auto Remarketing
WASHINGTON, D.C. — National Highway Traffic Safety Administration officials described themselves as "very concerned" about a complaint surfacing in connection with the immense steering system failure of a 2010 Kia Soul. NHTSA's Office of Defects Investigation indicated it has received one complaint that alleges the steering shaft de-coupled from the steering wheel. Officials said it resulted […] [Read More]
AOL Autos Spotlights Top August Deals
Wednesday, Aug. 18, 2010, 11:58 AM
Auto Remarketing
DETROIT — As the dog days of summer roll along, AOL Autos pinpointed what site reviewers believe are the 20 best new-vehicle deals for August, analyzing cash rebates and financing options. The site selected four vehicles made by Ford, including the Editor's Pick as the top overall deal — the F-150. "After letting up a bit earlier […] [Read More]
GM Recalls 243,000-Plus Crossovers for Safety-Belt Issue
Wednesday, Aug. 18, 2010, 01:55 AM
Auto Remarketing
DETROIT — General Motors recalled more than 243,000 CUVs on Tuesday for a possible second-row safety buckle issue. The automaker is checking Chevrolet Traverse, Buick Enclave, GMC Arcadia and Saturn Outlook vehicles from model years 2009 and 2010 to see if there is any damage to the second-row safety belts. GM noted that this damage "in […] [Read More]
Urban Science: More Than 250 Dealers Close First Half of Year
Tuesday, Aug. 17, 2010, 02:00 AM
Auto Remarketing
DETROIT — Apparently, 258 dealers closed this year from January through July 1, according to Urban Science. While still a significant number, it's nowhere close to the record 1,603 dealers who closed up shop last year. According to Urban Science, the higher than normal rate is due to bankruptcy closures and arbitrations, which the firm indicated […] [Read More]
Toyota Introduces Mini-Site for Customers to Share Testimonials
Tuesday, Aug. 17, 2010, 01:56 AM
Auto Remarketing
TORRANCE, Calif. — Generating customer testimonials through online channels has become a more integral part of automotive marketing lately, and Toyota Motor Sales, USA is looking to tap into that through a new mini-site. "Stories from the Road" allows owners to post stories about driving their Toyota product, and it appears to be a hit thus […] [Read More]
GM Launches Scholarship to Attract More Women to Auto Business
Tuesday, Aug. 17, 2010, 01:54 AM
Auto Remarketing
DETROIT — With the aim of bringing more female professionals into the auto retail business, the General Motors Women's Retail Network is introducing a scholarship program targeting women studying in automotive retail programs at undergraduate, graduate and non-traditional education institutes. The network will be giving out scholarships of up to $5,000 starting next year and will begin taking […] [Read More]
In Celebration of 60th Anniversary, Porsche Puts Out the Call to Find Oldest Models
Monday, Aug. 16, 2010, 03:55 AM
Auto Remarketing
ATLANTA — In celebration of its 60th anniversary year of operating in the U.S., Porsche Cars North America began a contest Friday that entails searching out the oldest Porsche models in the country. The automaker has put out the call for the oldest vehicles in 12 different model categories, in addition to the oldest vehicle overall. The My Classic […] [Read More]
Is Whitacre’s Move to Shift Reins to New Exec a Step Toward IPO?
Friday, Aug. 13, 2010, 02:00 AM
Auto Remarketing Editor Joe Overby
DETROIT — It appears General Motors is taking care of its chief executive succession plan to have a solid team in place in preparation for its initial public offering. Not long after reporting second-quarter net income of $1.3 billion on Thursday morning, GM revealed that Ed Whitacre is stepping down and being replaced in his chairman and chief executive officer posts […] [Read More]
Bright Automotive Hires Tesla, Chrysler Vet as COO
Friday, Aug. 13, 2010, 01:56 AM
Auto Remarketing
ANDERSON, Ind. — Bright Automotive announced Thursday that it has hired an industry veteran with more than 28 years of automotive experience, including executive roles at Tesla, Chrysler and Mercedes-Benz, as its chief operating officer. Taking on this position is Mike Donoughe. He will manage the company's day-to-day operations and lead the development of the IDEA, […] [Read More]