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Dealers bullish on U.S. sales outlook, survey says

1:12 pm U.S. ET | Feb. 10, 2012
More than 75 percent of dealers expect their sales to increase by 10 percent or more this year, according to a survey released this week by Ally Financial.... Read More »
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2012 CHICAGO AUTO SHOW

Nissan NV200 compact van debuts at Chicago auto show

3:59 pm U.S. ET | Feb. 9, 2012
The Nissan NV200 compact cargo van made its North American debut at the 2012 Chicago auto show. The smaller utility van will go on sale in early 2013, following the full-size NV cargo van that hits dealerships this spring.... Read More »
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Group 1 on the lookout for more acquisitions, Hesterberg says

5:19 pm U.S. ET | Feb. 9, 2012
Group 1 Automotive will snap up more dealerships in 2012, CEO Earl Hesterberg said, but he doesn’t expect the retailer to make more acquisitions than it did in 2011. Last year, Group 1 added 14 franchises with total estimated annual revenues of $563 million.... Read More »
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Group 1's Q4 net income nearly doubles on new vehicle sales

11:17 am U.S. ET | Feb. 9, 2012
Group 1 Automotive, the fourth-largest U.S. dealership group, said earnings nearly doubled in the fourth quarter on higher sales of new vehicles.... Read More »
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Corky Talbert dead at 89

3:54 pm U.S. ET | Feb. 9, 2012
Longtime Pontiac dealer Corky Talbert died Feb. 6. He was 89. Talbert began his automotive career as a Packard salesman. He and partner Eddie Beck had a Pontiac dealership here for 25 years. He retired in 1982.... Read More »
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NADA's Underriner: 54.5 mpg fuel-economy proposal threatens sales

7:15 am U.S. ET | Feb. 7, 2012
The proposal to increase federal fuel economy standards to 54.5 mpg by 2025 threatens to price millions of consumers out of the market, the incoming chairman of the National Automobile Dealers Association said Monday.... Read More »
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BMW fights Mercedes with new fuel-efficient 3-series sedan

12:01 am U.S. ET | Feb. 12 2012
While BMW won the race for the luxury car market in the United States last year, the world's largest premium automaker is keeping a sharp eye on its rear-view mirror.... Read More »
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Finance & InsuranceMore »

Chrysler in talks to form financing JV, sources say

4:41 pm U.S. ET | Feb. 8 2012
Chrysler is in talks with banks to create a financing joint venture that would help the automaker build on its recent sales momentum, sources say. Ally and JPMorgan Chase are among the banks Chrysler is talking with, The Wall Street Journal reported. Of the three Detroit automakers, Chrysler is the only one without a dedicated financing arm.... Read More »
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MarketingMore »

Chrysler says Eastwood helped shape ad message for Super Bowl

10:12 am U.S. ET | Feb. 9 2012
Chrysler Group, following a two-minute Super Bowl ad that became the center of a political debate, said the idea to use Clint Eastwood came two months ago and that the actor helped shape the message.... Read More »
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RemarketingMore »

Manheim report sees positive trends in leasing

12:01 am U.S. ET | Feb. 6 2012
In 2011, 20 percent of the 10.6 million new vehicles counted as sold in the United States at retail, excluding sales to fleets, were leased, one percentage point higher than in 2010, says the Manheim 2012 Used Car Market Report. More important than the percentage gain, the report concludes, is that the industry got leasing right last year, at least "for the most part."... Read More »
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Service & PartsMore »
FIXED OPERATIONS

Dealer uses service clinics to build loyalty

12:01 am U.S. ET | Feb. 6 2012
Dealer Bob Rountree says that about 70 percent of his new- and used-vehicle buyers at his two Ford Motor Co. stores are repeat customers. Rountree credits much of his success to an epiphany he had 10 years ago: He would offer a service clinic once each quarter to his buyers of both new and used vehicles.... Read More »
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NADAMore »

Bush defends GM, Chrysler loans

10:17 pm U.S. ET | Feb. 6 2012
Former President George W. Bush on Monday defended approving the bridge loans that kept General Motors and Chrysler Group alive during the 2008 U.S. financial crisis.... Read More »
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Final AssemblyMore »
FINAL ASSEMBLY

Updated version of 'Rambo Lambo' SUV is on the way

12:01 am U.S. ET | Feb. 6 2012
Before the heyday of big SUVs in the 1990s, Lamborghini departed from its script and introduced the LM002 -- a muscular off-roader that was built in small numbers from 1986 to 1993. The "Rambo Lambo" was seen as an oddity for a company famed for such distinguished high-performance sports cars as the Miura and Countach.... Read More »
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