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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. The sale is one of a series of transactions indicating that GMAC has improved its access to capital in the past six months after having to rely on repeated cash infusions from the U.S.... Read More »
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Chrysler halts franchise awards in rejected dealers' backyards

2:34 pm U.S. ET | March 16
Chrysler Group, after congressional pressure and complaints from rejected dealers, said it will stop awarding new franchises temporarily in the markets of closed dealerships that are pursuing arbitration.... Read More »
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Honda to recall 412,000 U.S. Odysseys, Elements for brakes

1:00 pm U.S. ET | March 16
Honda Motor Co will recall about 412,000 vehicles in the United States to address the risk that brake pedals may feel soft and slip closer to the floor over time.... Read More »
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Sales
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THE TOYOTA RECALL CRISIS

Recalls erode Toyota’s perception of quality

3:03 pm U.S. ET | March 15
The negative publicity surrounding the recall of 8.5 million Toyota cars and trucks around the world has knocked the brand from the top spot in a study that measures consumers’ perceptions of brand quality.... Read More »
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Finance & Insurance
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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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Marketing
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Toyota troubles tarnish Lexus, too

12:01 am U.S. ET | March 15
The recall scandal that has devastated Toyota also has diminished Lexus' standing with consumers. Market researchers say the luxury brand has been hurt since the crisis escalated in the past two months, though not as much as Toyota.... Read More »
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Remarketing
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Auto auction purchases fell 6 percent in 2009

4:36 pm U.S. ET | March 12
Dealers purchased almost 9 million vehicles at National Auto Auction Association member auctions in 2009, down 6 percent from 2008, according to the auction group's 13th annual survey.... Read More »
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Service & Parts
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THE TOYOTA RECALL CRISIS

Toyota faces racketeering claims in consumer suits

7:46 pm U.S. ET | March 17
Lawyers seeking civil damages against Toyota Motor Corp. on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker.... 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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