Calling fiscal 2010 a “year of change” in the auto market compared to the “year of contraction” in 2009, the president and chief executive officer of Calgary-based Quorum Information Technologies pointed to a number of strides the company made in its recently completed fiscal year. CEO Maury Marks stressed that Quorum would continue to expand […] [Read More]

Vehicle-sharing company car2go made its Canadian debut this week in Vancouver, and company officials said that Canadian members will be able to enjoy a fleet of 225 “car2go edition” smart cars beginning in June. Car2go Canada Ltd. is a subsidiary of Daimler North American Corp. Here is how car2go is designed to work. Officials call […] [Read More]

During March, Canada’s wholesale prices showed the most dramatic sequential gain in nine months and also jumped by more than 13 percent year-over-year, according to the latest RVI Market Update. Specifically, RVI Group indicated that the RVI Used Car Price Index was 0.998 in March, representing a 3.2-percent increase from February and a 13.7-percent year-over-year hike. The […] [Read More]

As the automaker continues to keep tabs on recovering production in its native Japan, Toyota Motor Corp. also had to monitor its interests in the Southeast, where deadly tornadoes carved destructive swaths, especially in Alabama. The storms forced officials at Toyota Motor Manufacturing Alabama located in Huntsville, Ala., to idle their second shift as tornadoes […] [Read More]

Not only did the recent disasters in Japan have a significant downward impact on Honda’s most recent financial results, but it is keeping the Japanese automaker from being able to offer guidance for its next six-month and full-year fiscal periods. Honda’s consolidated net income swooned 38.3 percent for the January through March period (which is […] [Read More]

The chairman of Penske Automotive Group said Thursday he was pleasantly surprised at how strongly the company performed during the first quarter, as Penske enjoyed a 51.7-percent jump quarterly income. Penske rolled in $36.4 million of income from continuing operations, up from $24 million a year ago. The auto group reported that revenue was 15.3 […] [Read More]

The 2011 U.S. Green Automotive Study released this week by J.D. Power and Associates doesn’t give franchise dealers that are pushing hybrid and electric vehicles a favorable sales outlook. J.D. Power claims growth of alternative powertrain vehicles sales will be limited by consumer concerns about costs as well as functionality. Despite a rapid increase in […] [Read More]

With just days remaining in this month, Nissan Motor Co. shared that its April production volume is expected to be slightly above 40 percent of the actual production volume in April last year. In order to recover delays in April’s production because of the ongoing effects of the Japan earthquake, Nissan said it’s planning to […] [Read More]

A general manager at a Florida dealership group has taken his charitable fundraising efforts to new heights — literally. GM Jim Surrett, of Lokey Volkswagen and Lokey Nissan, decided to plant himself atop the roof of his VW store on April 4 and has been there even since. He is eating, working and living on the roof  […] [Read More]

Midwestern-based Zeigler Automotive Group announced its latest expansion this week, unveiling a new Chrysler Group store in Downers Grove, Ill. Zeigler Chrysler Dodge Jeep Ram will serve the greater Chicago area and currently has 40 employees. Plans are in the works to bring in 10 additional employees this year. The store also intends to reach […] [Read More]