Dozens of former Chrysler dealers are suing the federal government for $130 million “for the alleged taking of their franchise business,” according to a statement from the dealers’ attorneys released late last week. Sixty former Chrysler dealers are involved in the suit against the U.S. government, which was filed Thursday in the U.S. Court of […] [Read More]

Saab Automobile announced last week that it tapped an executive from Lindab Group, a Swedish company providing products and systems for the construction industry, to be its new chief financial officer. Taking on the role is Nils-Johan Andersson, who the automaker says has more than 20 years of experience in corporate finance, financial planning, accounting […] [Read More]

While it seems that the auto industry isn’t likely to hit the 16 million mark for new-vehicle sales anytime soon, this milestone isn’t necessarily “out of reach,” according to CNW Research president Art Spinella, who shared some trends about consumer spending habits in the latest Pulse Edition of his company’s Retail Automotive Summary. “The chances […] [Read More]

The National Highway Traffic Safety Administration revealed General Motors is recalling the Cadillac CTS from the 2009 and 2010 model years. The recall affecting more than 11,000 units is to rectify a condition in which a wax coating on the rear suspension toe link jam nuts may allow the nuts to loosen. If a nut […] [Read More]

Contrary to what the automaker is doing in Japan, American Honda Motor Co. recently reiterated that the Civic is to remain a featured model of the automaker’s U.S. lineup. William Walton, manager of Honda product planning, clarified the situation opposing some banter that evidently made the rounds on the Internet. “Our colleagues overseas at Honda […] [Read More]

A new organization that is designed to offer a myriad of compliance, regulatory, educational and legislative tools to dealers has been formed. The Professional Dealers Institute was founded by Jim Edwards — who has expertise in risk management, undisclosed prior damage and diminished value — and Kathryn Messenger, who has expertise in dealer compliance. What […] [Read More]

A Canadian BMW dealer is offering someone well-versed in all things that stem from social media the chance to do more than just tweet or post a message on Facebook about the brand. Endras BMW is taking applications for a social media savvy professional and BMW enthusiast to take on a yearlong contract and “land the […] [Read More]

Anticipating that this year will be even better, Daimler AG shared Wednesday the significant net profit turnaround the company witnessed from 2009 to 2010. The company said it generated a net profit of 4.7 billion euro last year. To show the depth of the turnaround, Daimler suffered a net loss in 2009 of 2.6 billion euro. […] [Read More]

As its automaker peers and other industry-related companies rolled out commercials during the FOX network’s coverage of Super Bowl XLV earlier this month, Subaru of America said it took a different approach to fetch consumer interest on Super Bowl Sunday. And apparently, it worked. The automaker said it achieved a social-engagement record from a promotion […] [Read More]

Penske Automotive Group revealed Wednesday it has canceled the development of a five-door smart model in response to its discussions about shifting U.S. distribution and other activities for the smart brand to Mercedes-Benz. Furthermore, boosted by double-digit gains in total retail sales and same-store retail sales revenues at U.S. operations, Penske reported a fourth-quarter income jump of more […] [Read More]