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Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

The General Motors Board of Directors has unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore Solso, who will...

https://www.fi-magazine.com/322086/mary-barra-named-new-chairman-of-gm
Categories: F&I

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to...

https://www.fi-magazine.com/322097/2015-new-vehicle-sales-reaches-17-5-million-units
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

The regulator said the three companies agreed to settle its charges that they failed to disclose that some certified pre-owned vehicles were subject to open...

https://www.fi-magazine.com/322134/gm-jim-koons-and-lithia-settle-ftcs-complaints-regarding-cpo-claims
Categories: Dealer Ops, F&I

The automaker Factory Pre-Owned Collection portal is now live. The site, which will open up the automaker's remarketing channel to consumers, contains more...

https://www.fi-magazine.com/322156/gms-online-used-car-purchasing-site-goes-live
Categories: F&I

General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its...

https://www.fi-magazine.com/321534/gm-announces-modifications-to-powertrain-warranty-maintenance-program
Categories: Auto Finance, Dealer Ops, F&I

GM Financial's transformation from subprime finance source to GM's captive finance company continued in the second quarter, with GM new-vehicle loans and...

https://www.fi-magazine.com/321811/gm-financials-penetration-of-gm-retail-sales-grows-globally-in-q2
Categories: F&I

General Motors Co. has named Tony Francavilla as vice president of global quality, according to a company announcement. In this role, he will be responsible...

https://www.fi-magazine.com/322411/general-motors-names-new-vice-president-of-global-quality
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved...

https://www.fi-magazine.com/322438/j-d-power-initial-quality-shows-largest-improvement-in-seven-years
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Fueled by domestic brands and the sale of trucks and SUVs, the average price for a new vehicle in June increased 2% from a year to $33,652, according to...

https://www.fi-magazine.com/322457/kbb-average-transaction-price-rises-in-june
Categories: Dealer Ops, F&I

In a verdict that took less than an hour to decide, a Houston Jury found that a General Motors ignition switch in a 2007 Saturn Sky did not cause a 2011...

https://www.fi-magazine.com/322577/jury-clears-gm-in-texas-ignition-switch-trial
Categories: F&I

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,530 per vehicle sold in January 2011, essentially unchanged from...

https://www.fi-magazine.com/318973/edmunds-com-incentives-didnt-end-in-december
Categories: Auto Finance, F&I

GM Financial’s rollout of a prime leasing program in 16 states may seem to indicate that the company formerly known as AmeriCredit is leaving its roots...

https://www.fi-magazine.com/319032/gm-financial-not-looking-to-replace-gmac
Categories: F&I

Edmunds.com estimated that the average “True Cost of Incentives” from automotive manufacturers in the United States was $2,118 per new car sold in April...

https://www.fi-magazine.com/319160/automaker-incentives-hit-lowest-levels-since-2005
Categories: F&I

General Motors announced that it has retained the services of its former vice chair, as he will continue to work with the company on a part-time...

https://www.fi-magazine.com/319460/general-motors-retains-bob-lutz-as-advisor
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on...

https://www.fi-magazine.com/322343/gm-replacing-88-of-lineup-by-2020
Categories: F&I

General Motors Corp. (GM)’s filing for Chapter 11 bankruptcy protection is expected to have limited immediate ratings implications on outstanding auto...

https://www.fi-magazine.com/317673/gm-bankruptcy-has-marginal-effect-on-gmac-u-s-auto-abs-says-fitch
Categories: F&I

General Motors Corp. and Penske Automotive Group confirmed last Friday a tentative deal for GM to sell its Saturn brand to the dealer group.

https://www.fi-magazine.com/317690/general-motors-penske-reach-tentative-deal-over-saturn
Categories: F&I

Edward E. Whitacre, Jr., former chairman and CEO of AT&T Inc., will become chairman of the New GM when the company is launched later this summer, GM's...

https://www.fi-magazine.com/317696/gm-names-former-att-ceo-as-new-chairman
Categories: F&I

General Motors Corp. and Koenigsegg Group AB, a consortium led by Sweden-based automaker Koenigsegg Automotive AB, today confirmed a tentative agreement for...

https://www.fi-magazine.com/317712/gm-and-swedish-automaker-reach-tentative-agreement-on-saab
Categories: F&I

The launch of a new and independent General Motors will not impact the automaker’s relationship with GMAC Financial Services, the bank holding company said...

https://www.fi-magazine.com/317767/gmac-expects-smooth-transition-for-new-gm
Categories: Auto Finance, F&I

General Motors Company said Monday it is expanding leasing by offering programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models through...

https://www.fi-magazine.com/317856/gm-offers-leasing-on-select-2009-and-2010-models
Categories: F&I

General Motors Co. confirmed today it has signed a stock purchase agreement with Swedish automaker Koenigsegg Group AB regarding the sale of Saab Automobile AB.

https://www.fi-magazine.com/317873/gm-sells-saab-to-swedish-automaker
Categories: Digital, F&I

General Motors said today that it will begin providing cash advances to cover its dealers' Cash for Clunkers rebates until they are reimbursed by the...

https://www.fi-magazine.com/317886/gm-provides-dealers-with-advances-for-cash-for-clunkers
Categories: F&I

eBay Motors and General Motors Company extended the availability of its Website, gm.ebay.com, until Sept. 30, giving consumers more opportunity to purchase...

https://www.fi-magazine.com/317923/gm-and-ebay-motors-website-available-through-september
Categories: Digital, F&I

General Motors selected Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., as the exclusive provider of a fully integrated accessories solution...

https://www.fi-magazine.com/317967/gm-selects-chrome-systems-accessories-marketing-tool
Categories: F&I

Starting Thursday, Oct. 1, GMAC Financial Services will begin rewarding loyal General Motors and Chrysler dealers with cash, remarketing services and other...

https://www.fi-magazine.com/317987/gmac-offers-new-dealer-incentives
Categories: F&I

Penske Automotive Group Inc. today announced that it has terminated its discussions with General Motors Company to acquire the Saturn brand, citing concerns...

https://www.fi-magazine.com/317992/penske-ends-discussions-to-acquire-saturn-from-gm
Categories: F&I

After its deal with Penske Automotive Group Inc. collapsed, General Motors announced late Wednesday that it will begin winding down the Saturn brand and its...

https://www.fi-magazine.com/317999/gm-to-close-saturn-after-penske-deal-collapses
Categories: Auto Finance, F&I

Through a recent partnership, AmeriCredit will provide auto financing to General Motors Co.’s subprime customers.

https://www.fi-magazine.com/318028/americredit-to-finance-gms-subprime-customers
Categories: Auto Finance, F&I

According to a recent report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the...

https://www.fi-magazine.com/318158/every-gm-vehicle-sold-costs-taxpayers-12-200
Categories: F&I

Despite General Motors and Chrysler announcing comprehensive plans to resolve concerns by dealers who were cut or are winding down, the National Automobile...

https://www.fi-magazine.com/318167/legislative-effort-moves-forward-despite-promises-from-gm-and-chrysler-to-addres
Categories: F&I

General Motors announced Monday that Chris Liddell was appointed as the company’s vice chairman and chief financial officer. Liddell was most recently CFO...

https://www.fi-magazine.com/318195/gm-pulls-from-microsoft-to-fill-cfo-vacancy
Categories: F&I

Edward E. Whitacre Jr. announced today that he has agreed to continue as chairman and CEO of General Motors.

https://www.fi-magazine.com/318252/whitacre-to-remain-as-gm-chairman-and-ceo
Categories: F&I

General Motors and Spyker Cars NV confirmed Tuesday that they have reached a binding agreement on the purchase of Saab Automobile AB.

https://www.fi-magazine.com/318259/gm-reaches-agreement-to-sell-saab-to-spyker
Categories: F&I

Ford Motor Co. and General Motors introduced separate incentive programs today that promised to protect customers against job loss.

https://www.fi-magazine.com/317443/ford-and-gm-launch-payment-protection-programs
Categories: F&I

General Motors Corp. moved closer to bankruptcy today after it announced the failed deal with its bondholders to exchange their debt for equity in the company.

https://www.fi-magazine.com/317635/gm-exchange-offers-for-outstanding-public-debt-expire
Categories: F&I

General Motors today confirmed that its UAW-represented employees have ratified the modifications to the GM-UAW 2007 National Labor Agreement. The amended...

https://www.fi-magazine.com/317643/uaw-members-approve-changes-to-gm-labor-agreement
Categories: F&I

Wednesday marked the beginning of a new chapter for one General Motors-controlled brand and the end of the line for another.

https://www.fi-magazine.com/318332/tale-of-two-brands-saab-deal-finalized-hummer-shut-down
Categories: F&I

A bill is making its way through the Colorado state legislature that aims to protect dealerships terminated by GM and Chrysler, the Associated Press...

https://www.fi-magazine.com/352313/colorado-legislature-considering-bill-to-protect-terminated-dealers
Categories: F&I

Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending...

https://www.fi-magazine.com/352327/road-to-recovery-began-in-2010-but-concerns-remain
Categories: F&I

Unsure of where this recession is headed, I can’t blame lawmakers for their involvement, but can we make sure that all sides are heard before we jump to...

https://www.fi-magazine.com/309273/time-to-move-on
Categories: Compliance, F&I

Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.

https://www.fi-magazine.com/309482/the-gift-that-keeps-on-giving
Categories: F&I

With the capital markets on the mend, special finance could be on the comeback trail, that’s if bank regulators and financial services reform don’t get in...

https://www.fi-magazine.com/309503/primed-for-a-comeback
Categories: F&I

NCM Associates was selected by General Motors Minority Dealer Development (GM MDD) as the exclusive provider of an in-dealership consulting program designed...

https://www.fi-magazine.com/319901/gm-ncm-associates-offer-profitability-consulting-for-minority-dealers
Categories: F&I

NCM Associates announced it has again been selected by General Motors as the exclusive provider of automotive 20 Groups for its Minority Dealer Development...

https://www.fi-magazine.com/319951/ncm-associates-to-provide-20-groups-for-gm-minority-dealers
Categories: F&I

The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.

https://www.fi-magazine.com/320854/industry-records-1-4-sales-increase-in-march
Categories: F&I

The weather cleared in time to drive up April sales by 4.1% from a year ago. April’s SAAR was 16.04 million, up from March’s SAAR but down from a year ago.

https://www.fi-magazine.com/320923/april-sales-up-4-1-autodata-reports
Categories: F&I

The industry SAAR jumped to 16.77 million units, up from last May’s 15.48 million-unit rate and last month’s 16.04 million-unit SAAR.

https://www.fi-magazine.com/320976/total-light-vehicle-sales-increase-11-4-in-may-autodata-reports
Categories: Dealer Ops, F&I

Concerns over GM and other recalled vehicles drove shoppers to Asian and European models in June, according to data from CNW Research.

https://www.fi-magazine.com/321027/cnw-recalls-impact-used-car-sales-in-june
Categories: F&I

Total light vehicle sales in June rose 1.2% from a year ago to 1.42 million units, even with two fewer selling days on the calendar. The month’s 16.98...

https://www.fi-magazine.com/321039/june-sales-top-a-year-ago-despite-fewer-selling-days


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