Touting a rather robust fourth quarter and an all-time high for full-year profit, Dollar Thrifty said it closed 2010 with its eighth straight quarter of double-digit year-over-year corporate adjusted EBITDA gains. Specifically, quarterly corporate adjusted EBITDA came in at $30.2 million, up more than 15 percent year-over-year. “This quarter marks our eighth consecutive quarter of […] [Read More]

Daimler shared an aggressive strategy to beef up its worldwide work force this year. Executives explained Thursday that Daimler plans to recruit more than 10,000 professionals, with 4,000 coming from Germany and 6,700 skilled workers and approximately 700 graduates from elsewhere around the globe. Furthermore, Daimler wants to train more skilled workers, so it plans […] [Read More]

Should dealers rush out to fill their inventories with fuel-efficient models because of this week’s gas price movements? Maybe not, if reasoning from Edmunds.com has merit. The company stressed that the biggest one-day gain for oil prices in more than two years may focus more of America’s attention on rising fuel costs. But site analysts […] [Read More]

CarGurus.com rolled out a new price tracking feature in its DealFinder shopping service that can serve as yet another way for dealers to connect with shoppers who may be looking for a deal. The new feature is designed to provide the price history and days on market for more over 2 million vehicles and lets […] [Read More]

Ford announced this week it’s voluntarily recalling 144,000 F-150s from the 2005 and 2006 model years stemming from a relatively low risk of inadvertent airbag deployments. The automaker explained in a message to Auto Remarketing that the recall includes 135,000 units in the U.S. and 9,000 in Canada. Ford said the inadvertent airbag deployments are […] [Read More]

Hertz Global Holdings closed 2010 with quite a fourth-quarter financial turnaround, making significant improvements in adjusted pre-tax income, adjusted net income and worldwide revenue. Along with speculating on how this year might unfold, the company shared this week that its fourth-quarter worldwide revenues came in at $1.8 billion, an increase of 5.5 percent year-over-year or […] [Read More]

What has Forbes found to be the most value-packed cars? In the midst of rising gas prices, leading the pack on the list from Forbes were compact cars. In fact, this segment was represented by vehicles in three of the top four spots, including the No. 1 model on the list: the Mazda2. The Nissan […] [Read More]

QSCA Holdings announced its most recent expansion on Wednesday, revealing a new full-service facility in Columbus, Ohio. The new Salvage Direct facility is near Grove City at 1982 Williams Road. It has begun processing vehicles and is slated to host its debut sale next month. As most may know, Salvage Direct is a subsidiary of QCSA. Ohio […] [Read More]

Coming on the heels of its advertising campaign connected with the Super Bowl, Hyundai Motor America outlined its strategy as the company serves as the exclusive automotive sponsor of the 83rd Academy Awards, which are set to be broadcast Sunday on ABC. The automaker highlighted that nine Hyundai ads will air throughout the coverage — […] [Read More]

SALT LAKE CITY — Prestige Financial revealed Thursday the company expanded its subprime lending programs to include eight more states. Dealerships in the following states now can use Prestige Financial's services: New Jersey, Wisconsin, Alabama, Kentucky, Kansas, Hawaii, Montana and Wyoming. Officials highlighted the broadened footprint brings the number of states in which the company […] [Read More]