According to Reuters, dealer management software provider Reynolds and Reynolds is in talks for a possible leveraged buyout, according to sources close to the discussion. The privately held company has hired investment bank Qatalyst Partners to oversee a possible sale, …
Although Chrysler and General Motors have become a hot political topic in the run up to this year’s U.S. presidential election, specifically the bailout funds received in 2008-09, until now, their CEOs have chosen to remain outside the political debate. …
On Sunday, 400 members of the Canadian Auto Workers’ Local 222 at Lear Corporation in Whitby, Ont., walked off the job after contract talks between the auto seat manufacturer and the union broke down. As a result, vehicle production on …
Several months ago, we received word from the Ontario Motor Vehicle Industry Council about an elaborate financial scam targeting dealers in the province. More recently, there have been other reports of criminal activities targeting dealers, with both OMVIC and the …
LAR, the largest purchasing group exclusively dedicated to new vehicle franchised dealers in North America, recently announced that more than a quarter of a billion dollars in additional discounts and dividends have been distributed to its dealer members since the …
Having come under criticism from dealers, Tesla co-founder and CEO Elon Musk has defended the company’s position on its Apple style retail strategy. In a blog entry this week, Musk wrote that Tesla “does not want to change the franchise …
During a speech to members of the Automotive Press Association in Detroit, yesterday, Bill Underriner, chairman of the National Automobile Dealers’ Association, focused on two key issues currently affecting new car dealers. He said that “two-tier pricing and mandatory facility …
In order to help boost business as we head toward the end of the year, automakers are offering up incentives, allowing consumers to get out of their current lease agreements and into new vehicles. Among those participating in such programs …
According to the J.D. Power and Associates 2012 Automotive Mobile Site Study, mobile platforms are quickly becoming a major tool for consumers in the market for a new vehicle. The study found that 31 per cent of in-market vehicle shoppers …
Although its North American operations are faring well, the automaker having posted $2 billion in operating profit during the second quarter of this year, Ford’s European arm, is like many other auto firms in the region, suffering due to the …
A new design and manufacturing process being put forward by Volkswagen AG has the potential to significantly reduce vehicle production costs as well as cut down the time to market for new models. The process would utilize four core platforms …
In the U.S., the National Automobile Dealers Association has named David Westcott as chairman for 2013. Wescott, who owns David Westcott Buick GMC Suzuki, in Burlington N.C. was elected to the position during a meeting of the NADA’s board of …
