Archive | Auto Industry News

Weak Economy to Prompt More Focus on Consumer Protection, Risk Mitigation

MINNEAPOLIS – A growing sense of empowerment gained by many financial services regulators in 2009 will likely transform into a broad array of new rules and agencies, as well as stepped-up enforcement actions in 2010, according to regulatory compliance experts at Wolters Kluwer Financial Services. ... Read More » Tags: , , ,

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GMAC Names New CEO; Michael A. Carpenter Will Lead Next Phase Of Renewal

NEW YORK – The Board of Directors of GMAC Financial Services (GMAC) today named Michael A. Carpenter, a board member with extensive financial services experience, chief executive officer. The board has given Carpenter the responsibility to accelerate the strategic and operational changes necessary to focus ... Read More » Tags: , ,

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AmeriCredit Announces Board of Directors Changes

FORT WORTH, Texas — AmeriCredit Corp. appointed Robert Sturges to its board of directors and announced the resignation of Bruce Berkowitz today. Sturges, president and CEO of Nevada Gold & Casinos, Inc., is Fairholme Fund, Inc.’s designee to AmeriCredit’s board. He has more than 25 ... Read More » Tags:

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Kbb.com Study: New-car Shoppers Show Increased Interest in Audi, Ford, Hyundai

IRVINE, Calif. – Over the past year, in-market new-car shoppers have shown increased interest in the Audi, Ford and Hyundai brands, according to a kbb.com study. According to Kelley Blue Book’s www.kbb.com Q3 2009 Market Intelligence Brand Watch study and Market Watch report, significant year-over-year ... Read More » Tags: ,

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Assurant Solutions Names Bill Bracken to Lead Automotive Retail Sales and Marketing Group

ATLANTA — Assurant Solutions’ vehicle service contract business promoted Bill Bracken to national director of dealer sales. In his new role, Bracken will be responsible for the Assurant’s dealer retail sales and marketing, which include vehicle service contracts and ancillary products. Jimmy Atkinson, senior vice ... Read More » Tags: ,

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GMAC Will Fuel Chrysler’s Comeback

Chrysler Group LLC officials made it clear last Wednesday that securing the financing needs of its dealers will be key to realizing its $500 million, five-year plan. GMAC Financial Services responded the following day by saying that it’s quickly ramping up efforts to becoming the ... Read More » Tags: ,

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