Mercedes-Benz Financial Services named a new president and chief executive officer for The Americas this week. Taking on this post is Peter Zieringer, current chairman of Germany’s Mercedes-Benz Bank.   Zieringer was also appointed to the Daimler Financial Services Board of Management, reporting to chairman Klaus Entenmann.   [Read More]

General Motors announced Monday that it hired a new vice president of Global Human Resources and is continuing to roll out its investment of $2 billion allotted for 17 U.S. facilities. In addition to the new hiring, the automaker is turning its focus to investing in the Technical Center campus in Warren, Mich. Tapped for the human resources position is […] [Read More]

CarLocate.com, the online vehicle search offshoot of Reynolds and Reynolds, unveiled three site upgrades aimed to make shopping easier and more efficient for consumers. The three upgrades include: —Quick look vehicle views can enable shoppers to review additional details about a vehicle without navigating away from their current vehicle search results. —Automaker pages geared to […] [Read More]

Late last week, it was announced that Ford is to be recognized as a recipient of the 2011 Secretary of Defense Employer Support Freedom Award for exceptional and exemplary support given to employees serving in the National Guard or Reserve. Out of 4,000 nominations submitted this year, Ford is one of 15 companies nationwide to […] [Read More]

JOPLIN, Mo. — As the company's dealership barely escaped severe damage, CarHop is broadening its efforts to serve customers in Joplin, Mo., site of nation's deadliest single tornado since the National Weather Service started keeping records in 1950. Along with helping customers in Joplin rebuild their lives by replacing vehicles damaged in the disaster, CarHop […] [Read More]

PHILADELPHIA — VINtek announced that its consumer auto finance Web portal is now compatible with the Apple iPhone and iPad. The company's TitleMyCar website can enable dealers to cut down on processing time and costs by electronically delivering documents to borrowers for review. The portal presents auto loan agreements, supporting documents and DMV forms, which can reduce […] [Read More]

LOS ANGELES — Westlake Financial Services recently finalized a revolving securitization facility with Wells Fargo Securities worth $250 million. The company said the deal closed May 26. "This latest securitization is another step towards realizing our goal of becoming a programmatic issuer in the market," indicated Westlake chief financial officer Paul Kerwin. "Our plan is […] [Read More]

ANAHEIM, Calif. — In conjunction with hiring a new senior vice president and team leader for its commercial banking group, Sunwest Bank revealed it's now offering rediscount lines of credit to indirect subprime auto lenders from its Anaheim, Calif., office. Rediscount basically means the act of discounting a short-term negotiable debt instrument for a second time. […] [Read More]

KCI Auto Auction recently revealed the country music group that will headline its Guitars and Cars Sale later this summer. After music group The Cronkites performs, the event will showcase country music group Diamond Rio. The three-day event is slated for Aug. 23 through Aug. 25, kicking off with a 300-plus-unit late-model sale on the […] [Read More]

Recovery Industry Services Co. recently formed a partnership with MBSi Capital Corp., makers of the Re-Pros Repossession Software Suite and the iRepo Solution, to provide a key code solution. Officials explained Re-Pros or iRepo users will see a button within their assignments that allows them to request the key code from within the software. “Upon […] [Read More]