Archive | Auto Industry News

VSCAC to Address Industry’s Hot-Button Issues

Touting an expanded agenda and a host of educational sessions touching on the industry’s hot-button issues, the Vehicle Service Contract Administrators Conference (VSCAC) is coming to Paris Las Vegas Hotel & Casino next week, Sept. 14-15. 
For the first time in its seven-year history, the conference will explore product categories outside of vehicle service contracts, providing … Read More »

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F&I Admin Releases Mobile Application for iPhone

F&I Administration Solutions, LLC has released its first mobile application for the iPhone®. This application will allow customers to view their contracts and coverage for all F&I products bought from a provider using the F&I Admin administration solution.
The application will be branded as the provider’s application. Once downloaded to the mobile device, customers will enter … Read More »

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Warranty Inspection Services Integrates with StoneEagle

RICHMOND, Va. – StoneEagle is now able to integrate inspections from Warranty Inspection Services into its SEcureARCH administration system. The integration will allow StoneEagle’s users to submit inspection requests, receive alerts when inspections have been completed and receive links to completed reports all directly from within the SEcureARCH system.
As a result of the integration, StoneEagle’s … Read More »

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Obama Acknowledges Anger Over Bank, Auto Bailouts

WASHINGTON – President Barack Obama acknowledged the government’s $85 billion auto industry bailout had angered some Americans.
In a wide-ranging speech on the economy today, Obama said the government’s rescue of General Motors Co., Chrysler Group LLC and their finance arms — along with dozens of major financial institutions — had been deeply unpopular, reported … Read More »

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New CEO Akerson Urges GM to Go on ‘Attack’

General Motors Co.’s new CEO, Daniel Akerson, held a 45-minute town hall meeting, originating in Detroit and webcast worldwide to the automaker’s facilities, urging employees to go on the offense, The Detroit News reported.
Sitting alongside the company’s chairman and Akerson’s predecessor as CEO, Edward Whitacre Jr., the new GM boss answered employees’ questions, but … Read More »

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Obama’s Tax Credits May Boost Auto Industry

While many businesses and economists are taking a wait-and-see approach to the Obama administration’s plan to pump up to $200 billion into business spending, the auto industry’s chief lobbying arm enthusiastically embraced one part of it, reported The Detroit News.
President Barack Obama is expected to ask Congress to let businesses write off 100 percent … Read More »

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Chrysler Expands Lease Offers Under New Pact with U.S. Bank

DETROIT – Chrysler Group has taken another step toward reviving its leasing business by signing an agreement to offer leasing through US Bank, Automotive News reported.
The automaker announced the arrangement in an e-mail to dealers. Dealers now can offer customers two leasing options: U.S. Bank and Ally Financial.
The company is offering leasing only on … Read More »

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GM Will Face Questions About Opel in IPO Promotion

As General Motors Co. gears up to pitch its initial public offering to investors this fall, one of the tougher tasks it faces is making the case that its Opel operations in Europe can be fixed, The Wall Street Journal reported.
While the U.S. auto maker has reported two consecutive quarters of profit since emerging from … Read More »

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Vice Chairman at Kia Resigns Following Recalls

The vice chairman of the Kia Motors Corp., Chung Sung-eun, stepped down on Sept. 3 after recalls involving scores of vehicles worldwide for electrical problems, reported The New York Times.
President Lee Hyoung-keun will replace him, a Kia spokesman, Michael Choo, said Tuesday.
“The resignation came on the heels of recently announced recalls,” Choo said.
In light of … Read More »

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Auto/Mate eBook Provides “10 Steps” on DMS Data Conversion

CLIFTON PARK, N.Y. — Auto/Mate has released a new eBook called, “The Auto Dealer’s 10-Step Guide for a Successful DMS Data Conversion,” which is designed to help dealers set up processes that will reduce complications associated with data conversions, regardless of which DMS vendor the dealer is switching to or from.
“Most dealers have heard a … Read More »

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