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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-onWashington 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-givingWith 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-comebackTo meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a...
https://www.fi-magazine.com/318610/gm-to-acquire-americreditGeneral 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-programGM 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-q2In 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-trialThe 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-reportsConcerns 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-juneTotal 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-daysFifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM...
https://www.fi-magazine.com/321087/kbb-car-shoppers-confident-in-new-gmJuly sales totaled 1.435 million units, according to the firm. It put the July SAAR at 16.48 million units, up from 15.76 million in July 2013 but down from...
https://www.fi-magazine.com/321105/july-new-vehicle-sales-increase-5-in-july-autodata-reportsIn August, the estimated average transaction price for light vehicles in the United States was $32,495, according to the vehicle valuation source. New-car...
https://www.fi-magazine.com/321155/new-car-transaction-prices-jump-3-in-august-kbb-reportsGeneral Motors has announced a strategic realignment that will establish Cadillac as a separate business unit. In addition, the new Cadillac organization...
https://www.fi-magazine.com/321189/cadillac-becomes-separate-business-unitNovember total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year...
https://www.fi-magazine.com/321334/november-sales-pace-at-17-20-million-unit-annual-rateIn response to an invitation from General Motors Co., the trade organization discussed several pressing industry and dealer issues with the automaker’s...
https://www.fi-magazine.com/320396/nada-meets-with-gm-board-of-directorsHeavy farm equipment manufacturers won temporary exemption from New Hampshire’s newly amended Dealer Bill of Rights, days before it was to take effect on...
https://www.fi-magazine.com/320450/judge-partially-blocks-n-h-dealer-protection-bill-gm-drops-state-dealer-incentivManufacturers attribute the drop in the SAAR to fewer selling days in September and Labor Day sales being included in August sales totals. One manufacturer...
https://www.fi-magazine.com/320465/septembers-saar-second-lowest-of-2013Capital One, Mastercard and General Motors are extending their relationship with the launch of the new GM Card, which offers rewards consumers can use...
https://www.fi-magazine.com/320493/gm-capital-one-extend-partnership-launch-rewards-cardToyota’s captive finance arm has been able to draw a wider range of customers through no-interest loans and low-cost leases, thanks to its automaker’s...
https://www.fi-magazine.com/320510/tfs-gives-toyota-leg-up-on-gm-fordGM Financial reported this week a decrease of about $200 million in North American consumer loan originations for the quarter. But there’s a reason for...
https://www.fi-magazine.com/320516/gm-financial-resists-market-share-raceAccording to the latest monthly report from the Government Accountability Office, General Motors might not have regained its competitiveness in the market...
https://www.fi-magazine.com/320522/gao-gm-continues-to-face-challenges-with-competitivenessNot only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four...
https://www.fi-magazine.com/320528/experian-number-of-vehicles-on-the-road-at-highest-level-since-2008General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.
https://www.fi-magazine.com/320582/bloomberg-gm-to-sell-ally-financial-stakeMary Barra was elected as GM’s new CEO by the company’s board of directors. She will replace Dan Akerson, who will retire on Jan. 15, 2014.
https://www.fi-magazine.com/320589/mary-barra-to-replace-retiring-akerson-as-gm-ceoThis year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between...
https://www.fi-magazine.com/320639/compliance-technology-to-headline-vehicle-finance-conferenceDecember sales were in line with last year’s total, while annual sales increased nearly 8% to 15.6 million units.
https://www.fi-magazine.com/320655/automakers-post-big-gains-in-2013-salesThe Women’s Automotive Association International has named Maureen LaFontaine, Christina Schrank, Alison Spitzer and Liz Wetzel as recipients of the 2014...
https://www.fi-magazine.com/320682/nacs-schrank-among-2014-spirit-of-leadership-honoreesVehicle OEMs are hopeful for a sales rebound after winter storms pushed down sales in late January. According to Autodata, both the industry SAAR and total...
https://www.fi-magazine.com/320741/carmakers-blame-sales-declines-on-bad-weatherThe 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-marchThe 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-gmNew-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-unitsThe 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-claimsThe 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-liveGeneral Motors responded on Friday to legal concerns raised in a Feb. 8 letter from the California New Car Dealers Association. The automaker said it is not...
https://www.fi-magazine.com/322184/california-dealers-question-legality-of-gms-online-sales-portalGeneral 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-2020General 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-qualityKia 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-yearsFueled 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-juneThe 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-reportsWith 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a...
https://www.fi-magazine.com/317242/nada-chairman-says-next-two-months-are-critical-to-industry39s-futureFord 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-programsGeneral 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-expireGeneral 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-agreementGeneral 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-fitchGeneral 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-saturnEdward 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-chairmanGeneral 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-saabThe 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-gmNCM 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