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Trending Auto Retail News

GM Reports Second Quarter Net Income of $1.5 Billion

GM Reports Second Quarter Net Income of $1.5 Billion

DETROIT – General Motors Co. (NYSE: GM) today announced second quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully diluted share. In the second quarter a year ago, GM’s net income attributable to common stockholders was...

July Auto Sales Headed Towards 14 Million SAAR

July Auto Sales Headed Towards 14 Million SAAR

Edmunds.com Chief Economist Dr. Lacey Plache offers the following economic assessment as July auto sales appear to be heading toward a SAAR of 14.0 million (unofficially): “I do not believe that this is a sign that the economy is slowing. If anything, the fact that...

Mercedes-Benz Posts July Sales of 19,311

Mercedes-Benz Posts July Sales of 19,311

smart up 138.5%, Sprinter up 27.2% for the Month; Total MBUSA at 22,294 up 5.8% MONTVALE, N.J. -- Mercedes-Benz USA (MBUSA) today reported July sales of 19,311 for its Mercedes-Benz models, delivering a record year-to-date total of 147,905 new vehicles to customers,...

Negligent entrustment

Reckless endangerment, punitive damages, criminal negligence . . . These are terms that should concern you if you provide vehicles to your employees. The behavior and actions of your employees can have a direct impact on you and your business. You can be held legally...

American Honda Reports July 2012 U.S. Sales Increaed 45.3%

American Honda Reports July 2012 U.S. Sales Increaed 45.3%

Honda division sales up 46.4 percent, Acura sales up 36.4 percentTORRANCE, California -- American Honda today reported July 2012 U.S. sales of 116,944 units, an increase of 45.3 percent compared with July 2011 (an increase of 57.4 percent based on the daily selling...

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