Toyota will do right thing with recall, dealer council chief says

The new year has greeted Toyota with the same ugly problems that plagued the automaker throughout much of the latter part of 2009 -- safety recalls. Toyota Motor Corp. recalled more vehicles than any other automaker last year -- recalls that included unintended acceleration on Toyota and Lexus vehicles and rust on Tundra pickups. Read More »
Penske Auto cuts costs, stays 'opportunistic'
Penske Automotive Group Inc., the nation's second-largest dealership group, cut $100 million last year from its budget of $1.32 billion in selling, general and administra ...
Group 1 CEO: No cause for sales optimism
Group 1 Automotive Inc., the No. 4 U.S. dealership group, reported a small operating profit in the fourth quarter of 2008, largely on the strength of service and parts in ...
Mercedes megadealer is bullish on luxury
In a bad sales year such as 2008, megadealer Fletcher Jones Jr. says the luxury market is the place to be. The automotive group that bears Jones' name ranks No. 25 on thi ...
Sheehy: 'We are not in business for nostalgia'
Vince Sheehy is president of Sheehy Auto Stores, a group of 14 dealerships based in suburban Washington. The company ranks No. 48 on this year's Automotive News li ...
In downturn, Sonic looks beyond new cars
Sonic Automotive Inc., the No. 3 U.S. dealership group, is buying rather than renting real estate for its dealerships. Sonic President Scott Smith, son of company CEO and ...
AutoNation chief sees tough '08, better '09
Net earnings at AutoNation Inc., the nation's largest dealership group, fell nearly one-third in the fourth quarter of 2007. The CEO of the Fort Lauderdale, Fla., company ...
Big Texas dealer returns to some domestic brands
Ramsay Gillman owns 13 auto dealerships in Texas. His Gillman Cos., of Houston, ranked No. 53 on last year's Automotive News list of the top 125 U.S. dealership gr ...