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September 29, 2010

GM to Complete Acquisition of AmeriCredit

General Motors’ acquisition of AmeriCredit Corp. was expected to close on Friday, three days after AmeriCredit’s stockholders approved the sale. The company will be renamed General Motors Financial Company Inc. (GM Financial).

August 31, 2010

New Cars, Redesigns Improve Outlook for Detroit Three

The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the next two years, with new vehicles and redesigned standbys helping the Detroit Three stay competitive.

August 17, 2010

AmeriCredit Selects Wolters Kluwer’s AppOne Platform

Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help further expand loan originations in the auto finance market.

August 16, 2010

Whitaker to Step Down as GM CEO in September

General Motors announced last Thursday that Edward E. Whitacre, Jr. will step down as chief executive officer on Sept. 1, 2010, and as chairman of the board by the end of the year

August 5, 2010

GM Confirms Network of 4,500 Dealers

General Motors announced last week that it concluded the dealer arbitration process and that effective Nov. 1, it will have a network of about 4,500 U.S. dealerships to sell and service customers for Chevrolet, Buick, GMC and Cadillac vehicles.

July 22, 2010

GM to Acquire AmeriCredit

To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.

July 20, 2010

Audit Criticizes Task Force, OEMs for Dealer Terminations

An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to terminate franchise agreements with hundreds of dealers was made in haste.

July 6, 2010

Hyundai Highlights June Sales Report

Month-to-month retail sales did slow down, but the picture is much brighter on a year-over-year basis, with all domestic and foreign automakers reporting YOY sales increases for the first six months of 2010.

June 22, 2010

Cadillac to Provide Standard Maintenance Program on 2011 Models

Cadillac announced on Monday that it will provide owners of all 2011 models with frequently required maintenance services for the first four years of ownership or 50,000 miles.

May 4, 2010

Automakers Post Strong April Sales

Retail auto sales continued their strong performance in April, as all domestic and foreign automakers reported increases in their sales volumes.