JMN Logistics recently revealed its choice for its new chief operating officer. Touting nearly 20 years of customer service and management experience, Cindy Darnell — former director of business development — is tapped for the position. Darnell has been with the company since 2005 and has served in positions such as auction sales representative, sales […] [Read More]

This weekend, news came out that Saab and the Chinese investors on which it had been pinning much of its hopes for reorganization and new funding are unlikely to complete their deal.The troubled automaker revealed it has ended an agreement to sell a majority stake to two Chinese companies and is rejecting their revised offer […] [Read More]

Dealers have used TV marketing for decades to bring in customers to their showrooms, and now a North Carolina television station owner is rolling out a new media technology and services company to assist stores. Capitol Broadcasting Co., which owns WRAL-TV in Raleigh, N.C., among other properties, recently launched Albright Digital, a subsidiary aiming to […] [Read More]

Ford confirmed Jim Farley, the automaker’s group vice president for global marketing, sales and service, will deliver a keynote address at this year’s BlogWorld & New Media Expo in Los Angeles, becoming the first auto industry executive to address this event. The OEM highlighted Farley will talk about how Ford is adopting more authentic and […] [Read More]

McLEAN, Va. — Despite mixed overall net income results, Capital One Financial Corp. watched its auto finance activity strengthen during the third quarter. Capital One determined its auto finance originations came in at $3.4 billion, up 17 percent from the second quarter's total of $2.91 billion. The third-quarter level also was 40 percent higher than […] [Read More]

BROOKFIELD, Wis. — As more and more consumers turn to social media in their daily lives, Fiserv believes financial institutions need to be leveraging this platform. The company recently shared some insights into how organizations can add social media to their marketing campaigns during the 2011 BAI Retail Delivery Conference. During their presentation Nicole Fields, manager of social media […] [Read More]

GAINESVILLE, Ga. — Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios? Black Book believes it has a solution. The company is looking to help fill this void by launching a new […] [Read More]

WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently released the CFPB Supervision and Examination Manual — a guide for examiners to use in overseeing companies that provide consumer financial products and services such as auto loans. CFPB's manual is geared to provide its examiners with direction on how to determine if providers of consumer financial […] [Read More]

Some of the repossession and recovery industries top executives will offer their insights and best practices during the brand-new, half-day Re3 Conference, which will take place Nov. 16 in Las Vegas. The Re3 Conference will include presentations from and discussions with: —Kevin Camping, owner, Camping Companies —Michael Eusebio, owner, Digital Dog Recovery —Chad Latvaaho, owner, […] [Read More]

The ServNet Auction Group recently added the 28th member to its ranks, expanding its presence in the Midwest by bringing in Nebraska Auto Auction. The auction was founded in 2008 by owner Eric Bigler, whose industry experience includes time as a dealer. In 1991, Bigler got his start at a franchised dealership before buying own store — Bigler Motors […] [Read More]