Mitsubishi Motors Corp. revealed late last week the new president and chief executive officer of Mitsubishi Motors North America replacing Shinichi Kurihara, who is returning to the automaker’s base operations in Japan. Taking his place at the helm of MMNA will be Yoichi Yokozawa, who became MMNA’s senior executive vice president in June. This move […] [Read More]

World Omni Financial Corp. recently promoted Brent Sergot to an expanded role with the provider of automotive financial products and services to consumers, dealers and lenders. The company named Sergot as vice president and general manager of third-party business operations. In this position, Sergot will be responsible for World Omni’s subsidiaries: DataScan Technologies, DataScan Field […] [Read More]

Nissan North America said it reached the highest U.S. market share level in company history during February. The automaker discovered its U.S. market penetration climbed to 9.3 percent last month. The new record comes after Nissan says it gained 0.4 percentage points throughout 2010 to vault it to one of the three fastest-growing OEMs in […] [Read More]

Saab Cars North America revealed a new executive national sales director late last week. Appointed to the post is James Sweeting, who has 27 years of industry experience in the U.S., including his most recent post at Honda. The move is effective March 15. Sweeting’s responsibilities in the position will include heading up sales efforts […] [Read More]

The old General Motors is nearly finished with the bankruptcy process. The U.S. Bankruptcy Court for the Southern District of New York orally ruled late last week that it would confirm the Chapter 11 Plan of Motors Liquidation Co., which is often referred to as the Old GM. The court indicated it also would issue […] [Read More]

The National Independent Automobile Dealers Association recently rolled out early registration and discounted hotel room rates for its annual Convention & Expo. The 65th annual event is scheduled for June 19 to 23 at Caesars Palace in Las Vegas. “Early Bird” promotional hotel rates starting at $144 per night now are available until March 22. […] [Read More]

HANOVER, Md. — The keynote speaker set to present at the National Automotive Finance Association’s 16th annual conference this spring was revealed this week. And this speaker could potentially be answering many dealer and industry concerns regarding the new Consumer Financial Protection Bureau and actions the organization will be taking.  Tapped for the conference is […] [Read More]

A $750 million class action suit filed against General Motors of Canada and the Cassels Brock & Blackwell law firm was given the green light to move forward by an Ontario judge this week, according to a statement from plaintiff lawyers. In the suit, more than 200 former GM Canada dealers who were shut down […] [Read More]

For a month that analyst Dennis DesRosiers described as unsteady for auto market rehabilitation, new-vehicle sales in Canada dropped more than 4 percent in February, marking the first hiccup in quite some time. Specifically, there were 96,006 new units sold last month in Canada, softer by 4.2 percent when compared to February 2010. “Back to the […] [Read More]

Some of Canada’s top used-car dealers will be on hand at the Auto Remarketing Canada conference, presented by CarProof, to offer their thoughts on some of the experiences and best practices that have helped propel them to the top of their industry. Dealer speakers include Doug McDougall, of Don Valley North Toyota, Canada’s top Toyota […] [Read More]