Archive | Auto Industry News

Rising Consumer Confidence, Employment Lead to Improved Vehicle Sales in 2010, says NADA Economist

ORLANDO, Fla. - U.S. light-vehicle sales will reach just short of 12 million units in 2010 as credit becomes more available and consumer confidence improves with rising employment, said Paul Taylor, chief economist for the National Automobile Dealers Association. "Industry sales will increase to 11.9 ... Read More » Tags: ,

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Jaguar Land Rover Intends to Integrate Dealer Communication Systems with the DealerTrack DMS

LAKE SUCCESS, N.Y. - Jaguar Land Rover North America LLC intends to integrate its dealer communications platform with DealerTrack Systems, Inc.'s Dealer Management System (DMS) during 2010. "We are looking forward to partnering with Jaguar Land Rover to provide full integration with its dealer communication ... Read More » Tags: , ,

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DealerTrack DMS Completes Pilot Test for Dealer Communication Integration with Toyota

LAKE SUCCESS, N.Y. - DealerTrack Systems, Inc., a subsidiary of DealerTrack Holdings, Inc., and Toyota Motor Sales, U.S.A., Inc. have successfully completed the initial phase of a test pilot that is intended to expand the current integration between TMS' Dealer Daily dealer communication system and ... Read More » Tags: , ,

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Outgoing Chairman: NADA Answered Call to Duty in 2009

ORLANDO, Fla. – After a year that battered the auto industry—the lowest new-vehicle sales rate since World War II, near-automaker liquidations and more than 2,000 dealership closures—it’s time for the industry to come together, John McEleney told thousands of dealers today at the National Automobile ... Read More » Tags:

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GM's Lutz: Auto Executives Are Underpaid

ORLANDO, Fla. - General Motors Co.'s top 25 senior executives, whose pay packages are being reviewed by the Treasury Department, are "way, way, way" underpaid, Vice Chairman Bob Lutz said. His comments came as Treasury officials review the 2010 pay for GM executives, whose salaries ... Read More » Tags: , ,

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Hecker Pleads Not Guilty to Fraud Charges

MINNEAPOLIS - Denny Hecker's defense strategy: blame Chrysler Financial. That's the picture Hecker's lawyer painted during a news conference Thursday after Hecker pleaded not guilty to federal criminal charges that potentially could put the former auto mogul in prison for the rest of his life, ... Read More » Tags: ,

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