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Retail
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]
Saab Seeks Importers for Several New Foreign Markets
Thursday, Aug. 12, 2010, 01:56 AM
Auto Remarketing
TROLLHATTAN, Sweden — Saab Automobile is looking for additional markets to introduce the newly launched 9-5 sedan as well as the soon-to-be-arriving 9-4X crossover and 9-5 wagon. This is why the automaker on Wednesday announced it needs importers to supply dealers in Mexico, Argentina and Brazil. Saab sees the role including the importation and distribution of Saab vehicles and parts as well […] [Read More]
NADAguides.com Picks August Car of the Month
Thursday, Aug. 12, 2010, 01:54 AM
Auto Remarketing
COSTA MESA, Calif. — NADAguides.com continued its back-and-forth swing between domestic and foreign nameplates when picking its latest Car of the Month. After choosing a domestic model in July, site officials went with a foreign unit for August, tapping the 2011 Infiniti M56. They believe this vehicle steps into the M series lineup with "style," replacing […] [Read More]
Chevy Dealer Launches New Campaign That Drives Traffic, Sales
Wednesday, Aug. 11, 2010, 11:56 AM
Auto Remarketing
FORT WALTON BEACH, Fla. — A Chevrolet dealer along Northwest Florida's Gulf Coast took a gamble when he brought in 10 new-vehicle models from rivals Toyota, Honda, Ford and Dodge for shoppers to test-drive and compare to his own offering. But it seems to be paying off for Taylor Hood and Preston Hood Chevrolet, which posted a […] [Read More]
Chrysler Targets 119 Markets for Fiat Network
Wednesday, Aug. 11, 2010, 01:58 AM
Auto Remarketing
AUBURN HILLS, Mich. — In preparing for the U.S. launch of the Fiat brand, Chrysler is hosting a Fiat Experience later this month and has asked about 600 of its dealers to be at the event. These Chrysler stores are all located in one of markets where the automaker is looking to place the Fiat brand. Peter Grady, […] [Read More]
Porsche Cars North America Gains New CFO
Wednesday, Aug. 11, 2010, 01:56 AM
Auto Remarketing
ATLANTA — Porsche Cars North America has a new executive vice president and chief financial officer, the automaker revealed Tuesday. Taking the post is Thierry Kartochian, who takes over for Frank Hoffmann as he leaves the company to pursue other opportunities. Kartochian had been serving in concurrent roles as executive vice president of Porsche Business Services and […] [Read More]
Lithia Motors Expands in Montana
Wednesday, Aug. 11, 2010, 01:54 AM
Auto Remarketing
MEDFORD, Ore. — Lithia Motors added a new store to its network that gives the automotive group a bolstered presence in Montana and the chance to reach more consumers through a regional hub. Lithia revealed this week that it has bought Prestige Toyota, a Billings, Mont., dealership that brings about $33 million in annual revenues into […] [Read More]
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