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General Motors News -  View All

  • GM expands website for owners of recalled vehicles
    Tue, 19 Aug 2014 09:17:00 -0700
    General Motors Co's website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition switches that could turn the engine off, disabling air bags. The ...


Auto Dealers News -  View All

  • BMW's Chinese dealers fined over price-fixing
    Wed, 13 Aug 2014 23:43:46 -0700
    Four Chinese dealers for German auto maker BMW have been fined about 1.6 million yuan ($260,000), authorities have said, as the government steps up a high-profile anti-monopoly campaign involving a number of foreign brands. "This is price swindling behaviour and must be resolutely stopped immediately," the authorities added. China's Ministry of Commerce on Saturday released a statement ...

  • U.S. auto sales party seen increasingly dependent on easy money
    Thu, 31 Jul 2014 22:08:26 -0700
    By Bernie Woodall, Ben Klayman and Paul Lienert DETROIT (Reuters) - The U.S. auto industry hasn’t appeared so healthy for years. They argue that a combination of cheap loans with extended terms, deep incentives from some dealers, and unsustainably high values for used cars, is making it far too easy for many Americans to buy new vehicles. Among those seeing a glass half empty is Morgan Stanley ...

  • China car dealers cheer regulators’ drive to curb brands pricing power
    Tue, 12 Aug 2014 21:54:38 -0700
    By Norihiko Shirouzu BEIJING (Reuters) - An anti-trust probe into global auto makers is being cheered on by car dealers in China, who say that companies such as Audi and Mercedes-Benz have been exploiting their dominance to boost profits in ways that would not be tolerated in Western markets. Foreign brands including Jaguar Land Rover, Volkswagen AG's Audi, BMW and Mercedes-Benz are scrambling ...

  • U.S. retail sales pause, seen rebounding in months ahead
    Wed, 13 Aug 2014 09:55:09 -0700
    By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. The Commerce Department said on Wednesday that retail sales, which had increased 0.2 percent in June, were in part held back by a second straight month of declines in receipts at auto dealers. "Given the strong gains in labor market ...


Minority Dealers News -  View All

  • U.S. auto sales party seen increasingly dependent on easy money
    Thu, 31 Jul 2014 22:08:26 -0700
    By Bernie Woodall, Ben Klayman and Paul Lienert DETROIT (Reuters) - The U.S. auto industry hasn’t appeared so healthy for years. They argue that a combination of cheap loans with extended terms, deep incentives from some dealers, and unsustainably high values for used cars, is making it far too easy for many Americans to buy new vehicles. Among those seeing a glass half empty is Morgan Stanley ...

  • Oil prices steady amid Iraq air strikes
    Mon, 11 Aug 2014 05:39:29 -0700
    Oil prices steadied on Monday as dealers tracked sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region. US benchmark West Texas Intermediate for September ...

  • Oil prices higher amid Iraq focus
    Sun, 10 Aug 2014 19:49:12 -0700
    Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region, analysts said. US benchmark West Texas Intermediate ...

  • Oil prices higher as eyes on Iraq
    Sun, 10 Aug 2014 22:38:30 -0700
    Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region, analysts said. US benchmark West Texas Intermediate ...


Auto Sales News -  View All

  • China auto sales cool further in July
    Fri, 08 Aug 2014 02:47:40 -0700
    China's auto sales decelerated further in July while global automakers continued to mop up the market share of local brands, industry figures showed Friday. Sales rose 9.7 percent to 1.3 million vehicles, ...

  • China's July auto sales up 6.7%: industry group
    Thu, 07 Aug 2014 17:30:45 -0700
    Auto sales in China, the world's biggest car market, accelerated in July, growing 6.7 percent to 1.62 million vehicles, an industry group said Friday. For the first seven months of 2014, auto sales reached 13.30 million vehicles, the China Association of Automobile Manufacturers said in a statement, up 8.2 percent on the same period last year. China has become critically important to foreign ...

  • US auto sales sizzle in July, helped by discounts
    Fri, 01 Aug 2014 14:16:36 -0700
    Big discounts helped U.S. auto sales sizzle in July. Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains. General Motors' sales were up 9 percent compared with last July, while Hyundai's ...

  • Canada auto sales hit July record; Chrysler, Ford gain on trucks
    Fri, 01 Aug 2014 14:31:52 -0700
    By Alastair Sharp TORONTO (Reuters) - Auto sales in Canada in July rose to a record high for the month, up 11.3 percent from a year earlier, an industry analyst said on Friday, with strong truck sales pushing both Chrysler [CHRY.UL] and Ford Motor Co to record performances. Overall, automakers sold 176,995 vehicles in July, Dennis DesRosiers of DesRosiers Automotive Consultants, said in a report ...


General Motors Dealers News -  View All

  • GM expands website for owners of recalled vehicles
    Tue, 19 Aug 2014 09:17:00 -0700
    General Motors Co's website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition switches that could turn the engine off, disabling air bags. The ...

  • General Motors hails Opel dealership take-up in European turnaround plan
    Tue, 12 Aug 2014 10:47:31 -0700
    By Edward Taylor FRANKFURT (Reuters) - General Motors' European transformation is gathering pace, it said on Tuesday, with the vast majority of its former Chevrolet dealers in the region now selling only Opel-branded vehicles to boost the once-flagging brand. The U.S. group mothballed Chevrolet in Europe last year to concentrate on ramping up the market share of Germany-based Opel - sold under ...

  • GM recalls far from calamity for some dealers who find new customers, business
    Fri, 25 Jul 2014 02:54:36 -0700
    By Nick Carey and Bernie Woodall FOX LAKE Ill. (Reuters) - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago. Although the script is not what the dealership would have ...