Hot Topics
Dealership Consolidation
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After rivals close, dealer adds 18 bays
… It's mainly capacity. We've been asking for the business and promoting it." Since 2008, Ford in its dealership consolidation effort has closed three Ford dealerships and one Lincoln store in the Dayton market. Ford Motor Co. granted …
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Detroit's Hot January (2/1/13)
… commentary. I don't nation's coast to coast brand name for most of its dealerships is the next logical phase in dealership consolidation . In the 1950s. When there 40000 mom and populations. Doing business in local markets the factories called …
name for most of its dealerships is the next logical phase in dealership consolidation . In the 1950s. When there -- 40000 mom and populations. Doing business in local markets the factories called all the shots. As
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After rivals close, dealer adds 18 bays
… Contraction and expansion Since 2008, Ford in its dealership consolidation effort has closed three Ford dealerships and one Lincoln ..... then accommodate more customers left orphaned by Ford's dealership consolidation .
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Farley: Service trumps facilities for Lincoln
… officials have said that fewer than 325 dealers are in those markets, but the number is in flux because of the dealership consolidation program. Other dealers who haven't agreed to renovate their stores are awaiting more evidence that Lincoln …
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Florida Lincoln dealer: 'I'm thrilled but stunned'
… trend that has left surviving dealers such as Wallace with opportunities and challenges. Lincoln's national dealership consolidation rolled out over the past couple of years, picking up after the automaker said in June 2010 that it would kill …
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GM plans to cut off 1,124 dealerships by Oct. 2010
1 DETROIT -- General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. But the letters, which are arriving today, say dealers can appeal the decision. The notifications are part
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Chrysler wins 3 more arbitration cases with rejected dealers
1 WASHINGTON -- Chrysler Group said it prevailed in three more arbitrations against dealerships, giving it an overall record of eight wins and one loss. The dealerships that were unsuccessful in their bids for reinstatement were Hinckley Dodge in Ogden, Utah; Tenafly Chrysler Jeep in Tenafly, N.J.;
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Dealer-closure audit may signal focus of U.S. probe
1 WASHINGTON -- What clues might a July audit offer into the federal investigation of possibly illegal actions during the General Motors and Chrysler dealership terminations last year? The office of the Special Inspector General for the U.S. Troubled Asset Relief Program (SIGTARP) says its ...
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Penske reports quarterly loss for first time since '98
… to asset impairment, dealership consolidation and work force severance ..... 0.06 per share, of dealership consolidation and relocation costs incurred ..... 5.42 493.1 5.28 Dealership Consolidation Costs 5.8 0.06 5 …
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GM's Henderson says almost all eligible dealers will stay
… network and increasing market share. "Our dealership consolidation is not just about saving money, but about creating ..... 180,000 per closed dealer. Second, our dealership consolidation is not just about saving money, but about creating …
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NADA supports U.S. audit on closings, says further action is unlikely
1 Editor's note: An earlier version of this story had an incorrect title for NADA Chairman Ed Tonkin. WASHINGTON -- The National Automobile Dealers Association today supported a government audit critical of the abrupt dealership closings initiated by General Motors and Chrysler last year while ...
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64 terminated Chrysler dealerships sue U.S.
1 Editor's note: An earlier version of this story incorrectly said this is the first suit challenging the dealer terminations. WASHINGTON -- Sixty-four dealerships that were terminated during Chrysler's 2009 bankruptcy reorganization sued the U.S. Treasury Department today, seeking at least $130 ...
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Targeted Chrysler dealers plan appeal to task force
1 Dealers who would lose franchises under Chrysler LLC's plan to eliminate 25 percent of its U.S. retail network will ask the Obama auto task force to intervene on their behalf. "We're not a liability, we're an asset," said dealer Wade Walker of Montpelier, Vt., the leader of the Committee of ...
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GM seeks court OK to drop 38 holdout dealerships
1 DETROIT (Reuters) -- General Motors today asked a federal bankruptcy court for permission to drop 38 U.S. dealerships who have rejected the automaker's offer of a payout to wind down their operations. GM has used its U.S. government-sponsored bankruptcy process to slash dealerships and retail ...
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Dealership acquisitions stall over valuations, panelists say
1 DETROIT -- The appetite for dealership purchases is back, but the retail acquisitions market is stalled because of an impasse over valuations. So said a prominent dealership broker and the CEO of the nation's largest dealership group at a panel discussion Tuesday at the Automotive News World ...
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Chrysler will offer to reinstate 50 dealerships
1 WASHINGTON -- Chrysler Group, reversing an earlier stance, said today it will offer to reinstate 50 closed dealerships within the next few days. Letters of intent will be sent to 50 of the estimated 400 rejected dealerships that have applied to get their franchises back through arbitration, ...
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Dealer sues Chrysler, claiming terms for reinstatement violate arbitration law
1 WASHINGTON -- In the first lawsuit of its kind, a closed Missouri dealership that prevailed in arbitration over Chrysler Group claims that it received a letter of intent that violates the federal dealer arbitration law. Century Motor Corp., of Wentzville, contends that dealerships seeking ...
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Nissan termination of Ohio dealership blocked by state administrative court
1 An Ohio Nissan dealership due to be terminated by the automaker had the move reversed on appeal by a state administrative court on grounds that the manufacturer didn't adequately consider local market conditions. In what may be a precedent-setting case, the Ohio Motor Vehicle Dealers Board ruled
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Anger, sadness as ax falls on U.S. Chrysler dealers
1 CHICAGO (Reuters) -- Dealers across the United States reacted with a mixture of anger and sadness today to word that bankrupt automaker Chrysler LLC plans to eliminate franchise agreements with them as part of its restructuring efforts. But most, even those surprised by the news, entertained ...
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Lawmakers agree on arbitration plan for rejected dealers
1 WASHINGTON -- House and Senate leaders agreed to a legislative proposal to give rejected General Motors Co. and Chrysler Group dealers access to third-party arbitration under criteria broader than that planned by the automakers. A conference committee of congressional leaders approved a ...
