Archive | Auto Industry News

Former Toyota Exec Joins Portfolio Reinsurance Sales Team

LAKE FOREST, Calif. — Portfolio has announced that Peter W. Jacobson, formerly of Toyota Financial Services in San Francisco, has joined the company as a reinsurance specialist. The position requires working closely with dealer principals on business strategy and a thorough knowledge of all dealership ... Read More »

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Line\5 Wins Prestigious New Industry Award

NAPLES, Fla. — Line\5 won the Platinum award for F&I Financing, a new category in this year’s 14th annual Dealers’ Choice Awards competition. The awards are sponsored by Auto Dealer Today and F&I and Showroom magazines and rank firms based on product quality, value for money spent, and customer ... Read More »

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Dent Wizard Names New CFO

ST. LOUIS — Dent Wizard International today announced the hiring of Jim Powers as the company’s new CFO. Powers officially assumed his new role on July 2 and reports to Dent Wizard CEO Mike Black. Powers comes to Dent Wizard having served in various leadership ... Read More » Tags: , ,

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Dent Wizard Acquires Image Auto

ST. LOUIS — Dent Wizard International announced the acquisition of Image Auto LLC, a provider of auto reconditioning and wheel repair services in the Central and Western New York and Pennsylvania areas. The transaction was finalized June 8. Dent Wizard’s acquisition includes both auto service ... Read More »

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AutoGravity Names New CEO, CTO

IRVINE, Calif. — AutoGravity named replacements for its chief executive and chief technology officer (CTO), who reportedly left about two months ago. Alex Mallmann, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who ... Read More » Tags: , ,

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CDK Global to Acquire ELEAD1ONE

HOFFMAN ESTATES, Ill. and ATLANTA — CDK Global Inc. today announced it has entered into a definitive agreement to acquire ELEAD1ONE. The value of the transaction, which was unanimously approved by CDK’s board of directors, was not disclosed. The deal was first reported on Sunday ... Read More » Tags: , , , , , ,

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