NADA University unveiled the launch schedule for online social networking communities for Next Generation ATD (American Truck Dealers), NADA-ATD Academy and NADA-ATD 20 Group. The first of the three comes on board in April with the remaining two going up in May and June. Officials gave more details about each of the three NADA University […] [Read More]

The ongoing challenges in the supply chain in Japan given the breadth of damage left by the quake and tsunami have led Honda headquarters to reach out to its U.S. and Canadian counterparts asking them to make “temporary adjustments” to reduce production levels. According to an updated statement from the automaker, “As a result of […] [Read More]

Nissan reported Wednesday that the quake and subsequent tsunami impacted production levels by about 55,000 units. However, the company said thanks to corporate-wide restoration activities, it is now capable of resuming normal operations at all Japanese plants, with the exception of the Iwaki Engine Plant. “We are aiming to resume normal operations at these facilities from […] [Read More]

Volvo Trucks in North America announced Wednesday that in response to increased demand, the company will ramp up production at its New River Valley, Va., plant and recall approximately 700 employees. Through February, Volvo Trucks determined that it increased its combined U.S. and Canadian retail sales volume 47 percent versus the same period last year. […] [Read More]

DETROIT — Ally Financial today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering. The offering will consist of common stock to be sold by the U.S. Department of the Treasury. The number of shares to be offered, the price range […] [Read More]

HANOVER, Md. — More auto finance experts are set to be a part of the first in a series of upcoming roundtable discussions about consumer protection and more hosted by the Federal Trade Commission. Officials have invited Tommy Moore, Jr., president and chief executive officer of First Investors Financial Services Group and president of the […] [Read More]

SALT LAKE CITY — Prestige Financial Services announced it has completed its eighth rated term securitization, issuing about $221.6 in noted backed by about $225.6 in subprime auto installment receivables. Underwritten by J.P. Morgan Securities, the notes were purchased by qualified institutional buyers and accredited investors in a private offering pursuant to Rule 144A of the […] [Read More]

FORT WORTH, Texas — General Motors Financial announced this morning that it has agreed to acquire FinanciaLinx Corp., one of the largest independent leasing companies in Canada. Via this deal, GM Financial plans to re-enter the country with lease offerings. While this deal appears designed to support GM Financial's mission of serving GM and its dealers, […] [Read More]

Announcing how deeply Mazda Foundation is concerned for the well-being of Japanese colleagues, suppliers, employees and their families, the chairman said his group is releasing a donation of $150,000 to the American Red Cross to help. The board of directors of the Mazda Foundation unanimously approved the donation of $150,000 to the American Red Cross […] [Read More]

izmocars recently announced that Saab Cars North America has tapped the company for re-certification as a Certified Lead Management Provider.   The Saab certification is designed to ensure that dealers using izmocars iCRM and iLM systems will adhere to Saab’s inbound lead response times for receiving and responding to Internet leads.   [Read More]