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Exeter Finance Acquired by Blackstone, Secures $600 Million Line of Credit

IRVING, Texas  – Exeter Finance Corp., a specialty auto finance company, announced it has been acquired by Blackstone from Navigation Capital Partners (NCP). Blackstone plans to invest up to $277 million in the transaction. NCP and the Exeter mana
Aug 18, 2011
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DealerRater Introduces Added Feature to Certified Dealer Program that Enhances Dealers’ Review Pages to Showcase Employee-Specific MyReviews

Waltham, Mass. – DealerRater®, the nation’s premier car dealer review website, announced today an additional feature of its Certified Dealer Program that will enable dealers to better showcase employee-specific review pages.   With this en
Aug 18, 2011

Southeast Toyota Selects OEConnection’s Online Collision Parts Ordering & Fulfillment Technology

RICHFIELD, Ohio — OEConnection LLC, the leading online parts and service exchange in the automotive industry, announced today that Southeast Toyota Distributors, LLC (SET), the world’ s largest independent distributor of Toyota and Scion
Aug 18, 2011

Tata Motors Approves Rotary Lift SPOA10 and AT07 Lifts Sold by Manatec Electronics

Madison, Ind. – Tata Motors, India’s largest automobile company, has approved two Rotary Lift electric hydraulic lifts for its dealer network. The approved SPOA10-3SA and AT07 two-post lifts are sold in India through Rotary’s distribution part
Aug 18, 2011

Why Don’t They Speak to Me?

A frustration often expressed by salespeople who regularly follow-up on web-generated leads, no matter the source, is not being able to engage the customer in conversation when they reach them. Salespeople often are met with resistance and cannot und
Aug 18, 2011
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The U.S. Auto Supply Chain at a Crossroads

CLEVELAND — A troubled but enduring automotive supply chain in the United States can become stronger if a more collaborative strategy can gain wider acceptance, a research team at Case Western Reserve University has determined. The report, The
Aug 18, 2011

Google to Acquire Motorola Mobility

MOUNTAIN VIEW, CA and LIBERTYVILLE, IL – Google Inc. and Motorola Mobility Holdings, Inc. announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of abo
Aug 18, 2011

Consumers in Driver’s Seat on New Social Media Ford F-150 EcoBoost Challenge

DEARBORN, Mich. — The Ford F-150 EcoBoost Challenge kicks off this week on Facebook, with drivers in eight cities putting EcoBoost®-equipped Ford F-150s to the test – in fuel efficiency challenge and community projects Winning driver receive
Aug 18, 2011

Study: 14 Million Americans Scanned QR Codes on their Mobile Phones in June 2011

RESTON, VA – comScore, Inc., a leader in measuring the digital world, released results of a study on mobile QR code scanning based on data from its comScore MobiLens service. A QR (“Quick Response”) code is a specific matrix bar code (or tw
Aug 18, 2011