Car Dealer News for 12-Sep-2006
'Ford to shrink US dealer base over 3 yrs (Reuters via Yahoo! News)
Ford Motor Co. is planning to shrink its U.S. dealer network in the next three years to align distribution better with its current market share, Cisco Codina, the company's North American sales chief, said on Monday.
'Need Help Getting a Car Loan? (Hornell Evening Tribune)
(ARA) - Are you driving around in a car that has faded paint, power windows that no longer work, a rusty muffler and an odometer that stopped somewhere around 115,000 miles? If so, it's time to get a new car!
'MG aims to build US dealer network (Tiscali)
DETROIT (Reuters) - MG Motors, which aims to revive the British sports car based on low-cost Chinese manufacturing, on Monday said its plans were on track to bring the brand to the U.S. market in 2008 backed by a network of some 300 dealers.
'Couple Wins Settlement Against Car Dealer (The Kansas City Channel)
A jury awards a couple more than $1 million after they sued Neil's Finance Plaza for odometer fraud.
'Couple Wins Settlement Against Car Dealer (KMBC TheKansasCityChannel.com via Yahoo! News)
A jury awarded a couple more than $1 million after they sued Neil's Finance Plaza for odometer fraud.
'Credit Challenged Car Buyers Find Help Online (Evening Times)
(ARA) - Eighty percent of all Americans have at least one blemish on their credit reports. And a third of all consumers have credit scores so bad that they may have difficulty securing a car loan.
'Ford to cut U.S. dealer base (CNN Money)
The automotive company plans to shrink its dealer network concentrated in metropolitan areas within the next three years.
'No Mazda Vehicles on Car-Carrying Vessel Cougar Ace Will Be Sold as New (The Auto Channel)
IRVINE, Calif., Sept. 11 -- Mazda North American Operations (MNAO) today announced that the Mazda vehicles aboard the car-carrying vessel, Cougar Ace, which ran into trouble on July 23, 2006, off the Alaskan coast, resulting in her listing some 60-plus degrees, will not be sold as new vehicles.
'BoI in £200m North car dealer funding (Ireland Business World)
The North's largest car dealerships, Lookers, is planning expansion following a £200m refinancing deal with the Bank of Ireland. The fundraising exercise will enable Lookers to refinance existing debt and provide funds for future acquisitions.
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