ATLANTA — In celebration of its 60th anniversary year of operating in the U.S., Porsche Cars North America began a contest Friday that entails searching out the oldest Porsche models in the country. The automaker has put out the call for the oldest vehicles in 12 different model categories, in addition to the oldest vehicle overall. The My Classic […] [Read More]

DEARBORN, Mich. — Ford recently announced that for 2010, the automaker has awarded 13 University Research Program grants to 12 different schools throughout the world. The research funding is designed to support exploration of a wide range of new ideas and technologies that could benefit future Ford vehicle development, according to the automaker. The newly added […] [Read More]

DAYTONA BEACH, Fla. — When it comes to crazy world of the auto repossessor, there's sure been a lot in the news lately. A number of LPR companies — companies that sell special vehicle-mounted cameras to the repossession industry to operate and capture license plate numbers to feed into massive databases — have sprung up and have […] [Read More]

TORONTO, Ontario — Subaru Canada and its dealer body can now connect with shoppers directly through smartphones thanks to the rollout of a mobile version of its website tailored for use on these devices. Users can simply punch in www.subaru.ca into a smartphone search window to connect with not only the mobile site, but to any of the […] [Read More]

EDMONTON, Alberta — Though much softer than the year-ago period, AutoCanada still pulled in more than $3 million in net earnings during the second quarter. It also enjoyed a revenue lift of more than 20 percent. These were in the midst of a new-vehicle retail market in Canada that continued to improve, said the company's chief […] [Read More]

RED DEER, Alberta — While acknowledging that the company "struggled" with the goals it set out to achieve in the most recently completed fiscal year, RIFCO president and chief executive officer Bill Graham highlighted successes the Canadian non-prime lender had in fiscal-year 2010 and called the period's results "more favorable."  This was part of the company's […] [Read More]

DETROIT — It appears General Motors is taking care of its chief executive succession plan to have a solid team in place in preparation for its initial public offering. Not long after reporting second-quarter net income of $1.3 billion on Thursday morning, GM revealed that Ed Whitacre is stepping down and being replaced in his chairman and chief executive officer posts […] [Read More]

ATLANTA — Although fuel costs have subsided, used-vehicle and certified pre-owned shoppers were less likely to lean toward SUVs than their new-vehicle shopper counterparts during July. Instead they are being a bit more meticulous in their vehicle-research process, according to AutoTrader.com. The site looked at the most-viewed new, used and CPO vehicles during July, and found that trucks […] [Read More]

HERNDON, Va. — Audi posted a July record for certified pre-owned sales last month and credited part of these sales to a popular promotion that will be running through the early part of next month. The 2,766 CPO units sold by Audi during the month compare to 2,521 certified units sold during the same time frame of 2009, […] [Read More]

CARY, N.C. — General Motors' announcements regarding its succession plans for its chief executive officer and chairman positions continue what has been a very busy period for the automaker. In fact, two of the top five most-read stories on AutoRemarketing.com this week — including the No. 1 article — dealt with some of the moves GM has made recently. The […] [Read More]