Service & Parts

Ralliart unit folds, but Mitsubishi will keep the name

2:17 pm U.S. ET | March 11
Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp.... Read More »
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Toyota expands Tundra recall to cover entire U.S.

12:01 am U.S. ET | March 10
Toyota said it would expand a November recall to fix all U.S, Tundra pickups for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.... Read More »
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Toyota: No evidence of throttle failure in fixed cars

4:16 am U.S. ET | March 5
Toyota Motor Corp. said today a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes.... Read More »
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Sales
MARCH U.S. AUTO SALES

March sales begin like a lion, thanks to Toyota, GM incentives

3:27 pm U.S. ET | March 11
Fresh Toyota and General Motors incentives boosted the U.S. auto market in early March to the fastest sales pace this year, the auto data Web site Edmunds.com said today. In the first eight days of March, the U.S. seasonally adjusted annualized sales rate was 12.5 million units, said Edmunds.... Read More »
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Dealers

Banks dominate auto finance, overtaking captives

2:20 pm U.S. ET | March 11
The shake-up among auto lenders touched off by the credit crisis in 2008 continued last year, with banks and credit unions emerging as winners, according to Experian Automotive's AutoCount ranking.... Read More »
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Finance & Insurance

Congressional panel says GMAC has no business plan; suggests break up

4:30 pm U.S. ET | March 11
GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said today.... Read More »
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Marketing

GM’s Suburban gets a free ride in ‘Crazy Heart’

12:35 pm U.S. ET | March 10
So how much did General Motors Co. pay to place a well-worn 1978 Chevrolet Suburban in a prime role in the hit film ‘Crazy Heart’? The truck was driven by leading man Jeff Bridges -- ironically, the voice of Hyundai commercials.... Read More »
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Remarketing

SmartAuction will handle used-car disputes

12:01 am U.S. ET | March 8
GMAC Financial Services now will arbitrate disputes for dealers who find previously undisclosed problems with vehicles they bought through GMAC's SmartAuction online remarketing channel -- no matter the seller.... Read More »
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NADA

Store profits up in '09; cost cuts help offset weak revenues

12:01 am U.S. ET | March 1
The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. The average dealership's net pretax profit margin rose to 1.5 percent in 2009 from 1.... Read More »
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