Archive | Auto Industry News

Harley-Davidson Posts 4Q Loss, First in 16 Years

NEW YORK - Harley-Davidson Inc. reported a fourth-quarter loss Friday, its first quarterly deficit in 16 years, as restructuring costs and the sluggish economy wore on the motorcycle maker, reported The Detroit News. Its shares fell more than 5 percent in morning trading. Harley-Davidson has ... Read More » Tags:

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Edmunds.com: January Car Sales Low, as Expected

SANTA MONICA, Calif. — An early look at January auto sales indicates a Seasonally Adjusted Annual Rate (SAAR), of about 10.5 million, according to Edmunds.com. This may be disappointing to industry observers, but Edmunds.com’s December analysis forecasted that January SAAR was likely to come in ... Read More » Tags: ,

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GMAC Likely to be Taxed as U.S. Recoups Bailout Funds

WASHINGTON - GMAC Financial Services is likely to be taxed under a new Obama administration proposal to impose a levy on U.S. banks to recoup bailout money -- even as General Motors Co. and Chrysler Group are being exempted, reported Automotive News. The administration hasn’t ... Read More » Tags:

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JM Family Enterprises Ranked No. 28 on Best Companies List

DEERFIELD BEACH, Fla. — For the 12th consecutive year, JM Family Enterprises Inc. (JM Family) landed on FORTUNE magazine's list of America’s “100 Best Companies to Work For,” coming in at No. 28. Two thirds of a company’s score is determined by the results of ... Read More » Tags:

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F&I Admin Solutions Signs Alpha Warranty Services

CHICAGO — F&I Administration Solutions, a provider of software for the administration of automotive F&I products, has signed Alpha Warranty Services, a Utah-based provider of extended service contracts, as the newest customer to its SCS Auto administration solution. “We did extensive research into the alternatives ... Read More » Tags: , ,

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Compli Appoints Lon Leneve as President and CEO

PORTLAND, Ore. — Compli, a provider of workforce and compliance management software, appointed executive Lon Leneve as president & CEO, effective this month. Leneve previously served as Compli’s president & CFO and has been with the company since 2003. Leneve succeeds Ken Thrasher as CEO, ... Read More » Tags:

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