U.S. Isuzu restructures
LOS ANGELES - American Isuzu Motors Inc. has redrawn its sales and service boundaries, reducing the number of regions from six to four. Effective Nov. 15, the regions will have headquarters in Irvine, Calif.; Grand Prairie, Texas; Denville, N.J.; and Roswell, Ga.
Isuzu is appointing a market development manager in each region who will identify poor-performing metro markets and determine whether the dealer count needs to be increased or reduced, said Gary Tucker, American Isuzu vice president of sales.
'This is not a blanket statement of `We need more dealers' or `We need fewer dealers.' We're taking a more tactical look at each market,' Tucker said.
In addition, Isuzu is launching a dealer communications department to deliver information more effectively to its 560 dealers. Currently, various Isuzu departments send dealers more than 1,000 separate corporate communications each year, not counting e-mail, voice mail and in-person contacts.
S2000 IS $32,415
LOS ANGELES - Honda Division has priced its S2000 roadster at $32,415, including destination charges. The S2000, which went on sale Friday, Sept. 17, has a 240-hp, 2.0-liter four-cylinder engine. Standard equipment includes leather seats, air conditioning, AM/FM/CD stereo, cruise control, power windows, power door locks, an anti-theft system and an electrically powered soft top.
CARMAX REPORTS PROFIT
RICHMOND, Va. - CarMax Group reported net earnings of $3.2 million for its second quarter ended Aug. 31, compared with a loss of $3 million in the second quarter of last year. Same-store sales declined 6 percent. Sales for the second quarter increased 34 percent to $535.7 million.
Six-month sales for CarMax increased 37 percent to $1.02 billion. Net earnings were $6 million, compared with a net loss of $6.2 million in the first six months of last year.
CarMax, a subsidiary of Circuit City Stores Inc., sells new and used vehicles at superstores around the country.
FORD E-COMMERCE VP
DETROIT - Former General Electric executive Brian Kelley, 38, has been named a Ford Motor Co. vice president in charge of a newly formed e-commerce business unit. In June, Kelley joined Ford as COO of the Ford subsidiary in charge of the Auto Collection dealership consolidations. He retains that post. The new enterprise will oversee all Ford e-commerce activities relating to consumers globally.