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Finance & Insurance

Ford, Honda, VW have fewest extended service claims, study says

12:01 am U.S. ET | March 17
Certain Fords, Hondas and Volkswagens were the most dependable vehicles covered by their contracts, according to a study by the extended service contract administrator Warrantech. "The more reliable vehicles require less insurance reserves.... Read More »
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GMAC has raised $7.1 billion selling securities, bonds

4:17 pm U.S. ET | March 17
GMAC Financial Services this week is raising nearly $1 billion selling retail auto loans as securities.... Read More »
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Lear seeks to raise $450 million in new financing

3:25 pm U.S. ET | March 17
Lear Corp. is looking to raise at least $450 million in new capital to begin to remove and reduce some of its post-Chapter 11 debt load, the company said in a regulatory filing today.... Read More »
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Sales
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MARCH U.S. AUTO SALES

March sales rise as U.S. industry turns to incentive ‘drugs’

4:21 pm U.S. ET | March 19
Auto sales gained strength in early March as automakers offered big incentives and melting February snows made it easier for buyers to reach showrooms. Edmunds.com Inc. forecasts a seasonally adjusted annualized sales rate of 13.2 million for the month. Except for a 13.... Read More »
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Dealers
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Ford brings theater to Argentina's countryside in tales of magic realism

11:07 am U.S. ET | March 19
Tapping into Latin America's literary tradition of magic realism, Ford Motor Co. is bringing wondrous tales along with trucks to little-used theaters in rural Argentina.... Read More »
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Marketing
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McLaren unveils supercar to take on Ferrari

12:01 am U.S. ET | March 19
McLaren unveiled the first of a range of supercars that will take its Formula One battle with Ferrari and Mercedes-Benz from the racetrack to the streets.... Read More »
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Remarketing
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Manheim program offers inspection, transport services

12:01 am U.S. ET | March 15
Manheim, which has long allowed dealers to sell vehicles online without transporting them to a physical auction, has bundled some services to make the process easier. Manheim Direct sends representatives to examine a seller's inventory and produce online condition reports.... Read More »
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Service & Parts
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THE TOYOTA RECALL CRISIS

Toyota considers fixes to 1.2 million Corollas, Matrixes

12:01 am U.S. ET | March 18
Toyota Motor Corp. has told U.S. safety regulators it is considering how to fix nearly 1.2 million Corolla and Matrix models that risk stalling because of flaws in an electronic system. In a letter to the National Highway Traffic Safety Administration, Toyota said it wanted to meet U.S.... Read More »
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NADA
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Store profits up in '09; cost cuts help offset weak revenues

12:01 am U.S. ET | March 1
The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. The average dealership's net pretax profit margin rose to 1.5 percent in 2009 from 1.... Read More »
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