U.S. intends to fully exit GM investment within 12-15 months DETROIT – General Motors today said it will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share.  The sh

WESTLAKE VILLAGE, Calif. — December’s new-vehicle retail selling rate remains robust near the close of 2012, with potential buyers unfazed by the current level of economic uncertainty generated by the fiscal cliff negotiations in Washing

Auto service customers demand tangible value and efficiencies such as coupons and online appointment scheduling — not generic, sales-y info, according to DMEautomotive DAYTONA BEACH, Fla. — DMEautomotive (DMEa), the leader in science-bas

BETHESDA, MD – The Automotive Aftermarket Industry Association (AAIA) joined 107 local, state and national trade associations today in a letter to President Obama, expressing concern over a potential East and Gulf Coast port strike. The let

JACKSONVILLE, Fla. − FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, announced that VW Credit, Inc. (VCI) will deploy FIS’ AutoSuite™ automotive finance solution for its North American loan and lease pr

Atlanta, GA – Safe-Guard Products International, LLC (“Safe-Guard” or the “Company”), a leading provider of finance and insurance (“F&I”) products to the automotive industry, announced today that an affiliate of Goldman Sachs, in

WASHINGTON – Senators approved today a bipartisan bill, H.R. 5859, which eliminates an unnecessary mandate that requires new-car dealerships to keep an obsolete insurance booklet on hand or face a hefty fine. The legislation, endorsed by the Natio

While you enjoy the holiday season this year, if you find yourself with a few moments of downtime, you can always learn how to sell and service more vehicles more profitably. The live portion of the Digital Dealer Virtual Exposition ended last week,

MEDFORD, OR– Lithia Motors, Inc. (NYSE: LAD) announced today that it has increased its existing revolving syndicated credit facility by $150 million, bringing the total availability to $800 million. The facility includes 10 institutions and wi