Federal officials announced last week that the early proceeds from General Motors’ initial public offering allowed the automaker to pass a significant threshold in money returned to the U.S. Department of the Treasury. With GM sending $11.7 billion to the Treasury, the total amount of Troubled Asset Relief Program funds returned to taxpayers now exceeds […] [Read More]

Manheim Specialty Auctions and Titan Certified announced they have joined forces to offer certified inspections for the auction company’s specialty customers. This process will kick off with RVs. Certified inspections will be available for RV units sold at select Manheim Specialty locations as well as online, and will expand to include boats, motorcycles, powersports, heavy […] [Read More]

Not long after its much publicized initial public offering, General Motors revealed just before Thanksgiving that it is doing another multi-million dollar plant investment. The automaker is planning to use $163.2 million to boost operations in Flint and Bay City, Mich., and Defiance, Ohio. The investment is meant to support engine production for the Chevrolet […] [Read More]

With the midterm elections behind us, the question being asked across America is, "What now?"   Post-election, members of Congress have returned to their Washington, D.C., offices for a lame duck session that will conclude around Christmas.   [Read More]

Along with making a major investment into its research and development center, Porsche AG announced it posted significant gains in operating profit, revenue and sales during the first three months of the 2010 fiscal year. In the quarter, the automaker generated an operating profit of 395 million euro, up from 52 million euro in the […] [Read More]

Owner Mark Eddins said he was recently awarded another franchise to augment Friendly Chevrolet, a family-operated dealership that’s been around for decades. Eddins now sells Isuzu and Hino units from Isuzu Truck of America in the commercial and fleet sectors through his new dealership, Friendly Isuzu. Along with adding the new franchise operation, Eddins brought in […] [Read More]

During October, two vehicle segments primarily meant for commercial use showed some of the heaviest gains in the Canadian new-car market. These segments included large pickups and large vans, according to DesRosiers Automotive Consultants.  So why such growth in these categories? The firm pointed to strong incentives as a big factor. [Read More]

Just a few days after revealing record second-quarter and first-half results, RIFCO announced it has signed on to the DealerTrack Canada national online credit application network. As such, possibly more than 5,000 dealers utilizing DealerTrack will be able to tap into RIFCO’s lending program, officials noted. [Read More]

CBC News recently shed some light on what appears to be a fairly large vehicle safety problem in Canada. By responding to this challenge, there exists a real prospect for the country’s dealers to foster trust amongst consumers, according to Carfax. A report from CBC, citing the Automobile Protection Association, indicates that roughly a third […] [Read More]

Subaru of America recently announced the return of its Share the Love Event.   The automaker, which recently set an all-time sales record, indicated it will continue its mission to give back to charities in need. This is the third year the automaker has hosted this event.   [Read More]