Daimler AG’s Mercedes-Benz and Bayerische Motoren Werke AG are spending a combined $280 million to improve their Manhattan showrooms as they race to become the top-selling luxury brand in the U.S. Mercedes is investing $220 million in a new dealership on 11th Avenue between 53rd and 54th Streets that will feature soaring ceilings and changing … Read More »

JACKSONVILLE – Allstate Dealer Services (ADS) today announced plans to brand its finance and insurance (F&I) products with the Allstate name. “Allstate has very strong name awareness and recognition,” said Doug Herberger, president of Allstate Dealer Services. “Marketing products under the Allstate brand will accelerate our success by leveraging the strength, stability and confidence the … Read More »

TORONTO — Ally Financial Inc. and DealerTrack Canada Inc., a subsidiary of DealerTrack Holdings Inc., today announced that Ally Credit Canada Limited has been added to the DealerTrack Canada network of more than 6,000 Canadian dealers, F&I and Showroom reported. “The addition of Ally to the DealerTrack Canada network provides the company with access to … Read More »

Harley-Davidson Inc.’s net income more than tripled in the first quarter, but the Milwaukee-based maker of motorcycles reported a small drop in its U.S. market share. Keith Wandell, chief executive officer, said in an interview that the company was hurt by “fierce price competition” in the U.S. from rivals discounting older models by as much … Read More »

NEW YORK — General Motors Co. CEO Dan Akerson said he doesn’t regret the company’s decision to increase spending on rebates and other deals earlier this year even though it has contributed to the company’s tumbling stock price. GM surprised the industry — and Wall Street — when it raised discounts by $400 per vehicle … Read More »

The U.S. Treasury Department will wait for General Motors Co’s first-quarter earnings before deciding whether to sell more of its investment in the nation’s largest automaker, a person familiar with the matter said. The Treasury can sell some of its remaining 500 million GM shares, which equals 33 percent ownership, starting May 22, Bloomberg reported. … Read More »