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GM, Chrysler Agree to Reconsider Dealer Closings

DETROIT - General Motors and Chrysler will reconsider decisions to close thousands of dealerships as part of a compromise meant to stave off federal legislation that would require them to keep showrooms open, the Associated Press reported. The decision by the two automakers raises the ... Read More » Tags: , ,

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GM Announces Plan to Address Dealer Concerns

DETROIT - GM is announcing that it is prepared to implement a plan that both resolves concerns raised by dealers regarding GM's dealer network restructuring activities and allows it to continue to move forward with a critical component of its long-term viability plan. GM will ... Read More » Tags: , ,

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Henderson Exits as GM Board Seeks Faster Change

DETROIT – GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker's turnaround wasn't moving more swiftly and Henderson frustrated with second-guessing, two people close to the former CEO told The Associated Press. Board Chairman Ed Whitacre Jr., the former ... Read More » Tags:

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ALG Announces 11th Annual Residual Value Awards

SANTA BARBARA, Calif. – ALG, a subsidiary of DealerTrack Holdings, Inc., has announced its 11th annual Residual Value Awards, honoring the vehicles in each segment that are predicted to retain the highest percentage of their original price after a conventional three-year period. This year’s awards ... Read More » Tags: ,

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Economy Improving Modestly, Says Fed’s Beige Report

The Federal Reserve Board's latest Beige Book reports that economic conditions have generally improved modestly since the last report. Eight districts indicated some pickup in activity or improvement in conditions, while the remaining four--Philadelphia, Cleveland, Richmond, and Atlanta--reported that conditions were little changed and/or mixed. ... Read More » Tags: ,

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Reynolds Adds Program to Update Consumer E-mail Addresses

DAYTON, Ohio - Reynolds and Reynolds has added a new service for dealerships that matches a customer’s postal address with that customer’s up-to-date e-mail address, which greatly improves the accuracy of e-mail addresses for dealership marketing campaigns. The updated e-mail addresses automatically populate the name ... Read More » Tags: , ,

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