GE Capital Fleet Services totaled up the cost savings the company created for its customers during the third quarter. Utilizing five main strategies, officials said total customer savings came in at $63.3 million. Through the first nine months of 2010, GE Capital Fleet Services contends it has helped its clients save $225 million. Officials discovered […] [Read More]

CODA Holdings, a developer of Lithium-ion advanced battery systems and all-electric vehicles, recently announced the resignation by mutual consent of Kevin Czinger as chief executive officer. At the same time, the company designated its interim CEO to be Steven “Mac” Heller. CODA also appointed Mark Jamieson as chief operating officer. The company emphasized the realignment […] [Read More]

In addition to a weekly look at price changes on the wholesale market, Ricky Beggs and his Black Book colleagues also revealed Monday that monthly and year-over-year depreciation comparisons appeared near normal. Beggs indicated that when looking at current 3-year old models, 15 of the 24 vehicle segment types tracked by Black Book had depreciation […] [Read More]

NADA Used Car Guide said Monday that dealers can now utilize the NADA AppraisalPRO tool on most of the latest smartphone products. The company has optimized the used-vehicle appraisal tool for products like the iPhone, iPad, Android and Palm Pre/Pixie. This is part of its efforts to give dealers more mobile accessibility to its products, officials said. […] [Read More]

Edmunds.com recently conducted its own testing of electric vehicles to mimic a condition consumers might feel called “range anxiety.” The site described the situation as the fear some drivers supposedly have about driving an electric vehicle and ending up stranded with a dead battery. Analysts wanted to know what this condition could mean as more […] [Read More]

Toyota Motor Sales USA believes a new campaign launched on Monday should spark consumer participation since it’s centered on what the company contends it has been doing for many years — repurposing its innovative automotive technology to benefit society in the non-automotive space. The campaign dubbed “Ideas for Good” is inviting consumers to share their […] [Read More]

General Motors said late last week that it has appointed a U.S. vice president of diversity. Named to the position was Eric Peterson, who will also keep his current role as director of industry dealer affairs. [Read More]

Insurance Auto Auctions revealed Monday that it has opened a new facility that is adjacent to the San Diego location of ADESA, a fellow KAR Auction Services subsidiary. The IAA San Diego brand is located on 35 acres and is two highway exits from the U.S.-Mexico border. “With our customers in mind, IAA will continue to […] [Read More]

Automotive Resources International recently promoted one of its executives to be business development manager of state and government fleets. Accepting this position was Cheryl Graham. ARI indicated Graham will act as the primary liaison between the various state agency clients and the operational departments within the company that provide state-specific maintenance, accidents, fuel and inventory […] [Read More]

NEW YORK — Fitch Ratings predicted this week that 2009 U.S. prime auto ABS loans should post lower-than-expected losses. As a result, the firm believes lenders are positioning themselves for continued positive rating performance as the broader economy slowly improves. Through the first three quarters of this year, Fitch expects cumulative net losses on 2009 auto […] [Read More]