SANTA MONICA, Calif. — Edmunds.com is prepared to give $1 million to whoever can crack the mystery of unintended acceleration in recalled Toyota vehicles. The site announced preliminary plans this week to reward researchers who can accurately address the situation that's confounded automaker executives and government experts alike. Officials are challenging participants to demonstrate in a […] [Read More]

INDIANAPOLIS — Auction Broadcasting Co. executives announced Wednesday that they will soon hold a grand opening for their newest location in St. Louis.    Mike Hockett, ABC chief executive officer, said that St. Louis is a market he has been looking into for more than 10 years. The 70,000 square-foot facility is on 62 acres and […] [Read More]

LAS VEGAS — OVE.com announced this morning that it has honored 10 brick and mortar auctions throughout the country with Otto Awards for being outstanding partners. The awards, which are named for the company's ferret mascot, were presented at a gala awards ceremony yesterday evening at Caesars Palace in Las Vegas during the NAAA Conference of […] [Read More]

DETROIT — Coming on the heels of a recall of more than 1 million vehicles, General Motors shuffled more than a dozen top executives into new roles and responsibilities on Tuesday, prompting Mark Reuss, the GM North America president, to stress that now this arrangement is "my team." Among the wide-sweeping changes are dividing teams of […] [Read More]

CARY, N.C. — In addition to reporting the news, Auto Remarketing strives to recognize excellence in the industry. As such, we are dedicating our April 1 edition to honoring women's contributions to the remarketing industry. Nominations are now open for this special edition. To be considered for our special feature, a woman must have a history […] [Read More]

NEW YORK and WASHINGTON, D.C. — On the same day Toyota sent two top executives to Capitol Hill to testify before a Senate committee, the automaker named a former federal Secretary of Transportation to head a panel to examine its quality and safety issues. Toyota Motor North America tapped Rodney Slater on Tuesday to oversee its North […] [Read More]

IRVINE, Calif. — Though new-vehicle sales in the realigned auto industry may stay in the 11 million range for the foreseeable future until a few key economic indicators improve, there exists a certain optimism for Big 3 automakers, in particular, during the recent "slightly rising tide" in auto sales, according to James Bell, executive market analyst for […] [Read More]

ATLANTA — Though Chevrolet appears to be the front-runner to gain the most displaced new Hummer buyers if the brand closes up shop, the attention of these shoppers would largely be "up for grabs," according to AutoTrader.com, which looked at cross-shopping activity among Hummer shoppers on the site. AutoTrader.com's data indicates that 12.3 percent of new […] [Read More]

PHILADELPHIA — It was announced Monday that a preliminary approval of settlement has been achieved in a case involving an alleged design defect in certain Suzuki motorcycles. The U.S. District Court for the Southern District of Florida — Miami granted the preliminary approval of settlement in the case, which was a breach of warranty class action suit […] [Read More]

WESTCHESTER, Ill.  — A bill in the Texas legislature was recently amended to include exemptions benefiting the salvage industry, and sharing Tuesday how it helped pushed this amendment through was Insurance Auto Auctions. IAA said it successfully revised a provision to Texas Senate Bill 1095 that specifies that salvage dealers and insurance companies that sell used-vehicle […] [Read More]