car dealers

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GM to Restore About 600 Dealerships

Half of those that appealed will be allowed to stay open

(Newser) - About 600 GM dealerships are getting a second life. Of the 1,160 dealers who appealed orders to shut down as part of bankruptcy proceedings, approximately half will be allowed to stay open. But one dealer tells the Detroit News that it's no cause for celebration until the conditions are...

Toyota Gas Pedal Repairs Will Start This Week

Initial cost will top $250M; automaker hit with 2 lawsuits

(Newser) - Toyota will start fixing the accelerators on 2.4 million recalled vehicles in the US this week, and production will resume next Monday. Some dealerships say they will stay open around the clock to perform the first round of repairs, which are expected to cost the company $250 million. Meanwhile,...

Mass. Residents Want a Truck Like Scott Brown's

Dealers report rise in inquiries regarding GMC Canyon

(Newser) - Scott Brown not only dismantled the common perception of Massachusetts as a blue state, but he may also have singlehandedly turned the populace on to the Truck. The Truck, if you missed it, is the senator-elect’s 2005 GMC Canyon pickup, featured prominently in campaign ads and now poised to...

Billboard Links Obama to Jihad
 Billboard Links Obama to Jihad 
Nov 20, 2009 8:42 PM CST

Billboard Links Obama to Jihad

Colo. car dealership wants this opinion heard

(Newser) - A billboard showing President Obama wearing a turban has sparked a lot of attention at the suburban Denver car dealership that put it up. The sign shows a cartoonish Obama and bears the words "PRESIDENT or JIHAD?" Underneath Obama's image is the phrase, "BIRTH CERTIFICATE, PROVE IT!"...

After Clunker Frenzy, Dealers Expect a Slump

(Newser) - Just as the "cash for clunkers" program sparked a boom in auto sales, its cancellation will likely depress the industry, CNNMoney reports. As of today, the last day of the government-funded incentive, rebate applications for 625,000 trade-ins totaling $2.58 billion had been submitted. “We're definitely going...

Procrastinators Rush In as Clunkers Runs Out

(Newser) - Cash for Clunkers revved into overdrive during its final weekend, the New York Times reports. After Thursday’s announcement that the Car Allowance Rebate System would end tomorrow at 8pm, consumers across the country raced to dealerships, resulting in long lines, epic haggling sessions, and hours of overtime work. “...

GM Will Advance Cash to Clunkered Dealers

(Newser) - General Motors will start making temporary loans to dealers who have yet to be reimbursed by the federal government under the Cash for Clunkers plan, the Wall Street Journal reports. Dealers, some now irate, essentially did the same thing for customers participating in the trade-in plan—covering the government rebate...

Dealers to Feds: Where's Our Clunker Cash?

(Newser) - The Cash for Clunkers program certainly isn’t breaking any speed limits, according to the National Automobile Dealers Association, which believes the government is sitting on millions of dollars in dealer applications waiting to be reimbursed. “It is ludicrous at this point,” says the group’s president. “...

Used-Car Dealers: Program's a Clunker

Other groups also unhappy with government rebates

(Newser) - The Cash for Clunkers program has proven to be a shot in the arm for the new-car market, but not everyone's a fan. Used-car dealers say their business is suffering, the Sacramento Bee reports. "The used side sort of slipped" since the program started, said one Honda dealership manager....

Cash for Clunkers Buying New Guzzlers

(Newser) - The Obama administration is hyping the cash-for-clunkers program as a chance for Americans to buy more fuel efficient cars, but not all buyers are going greener. Bulky SUVs and even trucks can be purchased with the $3 billion government subsidies, reports AP. Washington is refusing to release detailed records of...

Senate Set to OK $2B More for Clunkers

Reid engineers deal for vote tomorrow, beating recess deadline

(Newser) - The Senate has reached a deal to extend the "cash for clunkers" program through Labor Day, the Detroit News reports. Majority leader Harry Reid capped days of arm-twisting with an announcement tonight that the chamber will vote tomorrow on a measure adding $2 billion to the unexpectedly popular...

Cars Replacing Clunkers Are Mostly Japanese

(Newser) - The "cash for clunkers" program might be a boon for car dealers, but for American automakers the news isn't so good—four of the five top-selling cars in the program are Japanese. While the Ford Focus is the No. 1 seller, Toyota and Honda occupy the next four spots....

Liquid Glass Stars as Engine-Killer for Clunkers

(Newser) - The federal cash-for-clunkers program is sending demand through the roof for a chemical normally used to repel bugs or seal concrete, the Wall Street Journal reports. Sodium silicate, known as liquid glass, has been designated the agent of execution for old models traded in under the program. Auto dealers are...

Clunker Cash Turbo-Charges July Dealer Biz

(Newser) - Last week's rush of demand for new cars may may have exhausted the $1 billion earmarked for the "cash for clunkers" program, but struggling auto dealers saw their sales zoom, reports Reuters. Though exact figures aren't yet available, the program was certain to drive car sales to the...

US Suspending Cash for Clunkers: It's Too Popular

(Newser) - The government plans to suspend its popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases. The Transportation Department called lawmakers' offices to alert them to the decision to suspend the program at midnight Friday. The program offers...

House Votes to Block Dealership Closings

(Newser) - A spending bill passed by the House last night includes a provision to reopen hundreds of Chrysler dealerships and prevent the closing of over 2,000 more planned by GM, the Detroit News reports. The measure, opposed by the White House, will force the automakers to give dealers targeted for...

Judge Greenlights GM Asset Sale

Firm will transform into leaner car maker owned by US, Canada, UAW

(Newser) - GM has won approval for a restructuring plan in which the car maker will sell its most valuable assets to a new firm—also called GM—owned by the US and Canadian governments and a UAW health care trust, the New York Times reports. Judge Robert Gerber agreed with GM...

GM, Saturn Dealers Split on Playing Up Penske Name

(Newser) - Saturn dealerships around the country have been using the brand’s planned acquisition by Roger Penske to attract customers, the Wall Street Journal reports. "People want to buy from someone they like," said the owner of a Saturn dealership in Wichita. But dealership owners nationwide have since received...

Aussie PM Refuses to Quit in Car Dealer Scandal

(Newser) - Australian Prime Minister Kevin Rudd is refusing to resign in the first major crisis of his 19 months in office, the Sydney Morning Herald reports. Dubbed "Utegate"—after a popular SUV—the scandal centers on whether Rudd gave special treatment to a friend's car dealership. Critics say Rudd...

As Dealers Dwindle, Car Prices Set to Balloon

Lack of competition expected to drive up GM, Chrysler's prices

(Newser) - The shake-up of America's auto industry will mean fewer auto dealers but the streamlining won't be making the cars any cheaper, experts tell the Boston Globe. Chrysler and General Motors are likely to turn to the Japanese model of fewer brands and fewer dealers when they emerge from bankruptcy, and...

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