Automotive News is reporting this morning that while dealers representing other brands are entering into arbitration to begin working again, Mitsubishi Motors North America is hoping to recruit 25 new dealers this year. The company currently has a roster of 424 dealers, down from 575 in 2005.
Mitsubishi’s director of franchise development, Joe Delello, [...]
Considering the fact that Toyota executives including CEO Akio Toyoda are currently being peppered with questions from Congress about recalls and safety issues, it seems especially ironic that Consumer Reports just named the Lexus LS 460L as their Best Car Overall for 2010 as part of their annual Top Picks list.
Granted, the Lexus line has [...]
The 2010 Detroit Auto Show may have ended a week ago, but the announcements made there will continue to have impact throughout the coming months.
One such story, involves Nissan Motor Co.’s plan to build small cars, with matching small pricetags, in Mexico. The company is currently developing two cars for sale in the [...]
Automotive News is reporting on the latest snafu with the retail auto industry: an arbitration process for dealers to be reinstated. On the surface it sounds like a great idea – after all, there were hundreds of car dealerships forced to close as the automakers that supplied them declared bankruptcy.
The problem is that – [...]
As reported in Automotive News Fiat S.p.A. is the first of the major European automakers to post their Q4 results for 2009.
Apparently, December was a great month for car sales, because Fiat, which owns 20% of Chrysler Group had a trading profit of 488 million euros ($690 million) in the last quarter of 2009. [...]
