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SEARCHNEW YORK -- General Motors Corp.'s restructuring plan is expected to help the automaker sell a majority stake in its captive finance arm, analysts said, according to a report in the Herald News Daily.
NEW YORK -- General Motors Corp.’s restructuring plan is expected to help the automaker sell a majority stake in its captive finance arm, analysts said, according to a report in the Herald News Daily.
The restructuring announcement came after speculation that GM might file for bankruptcy, a move that would make GMAC a less lucrative purchase. The latest plan calls for the reduction of 30,000 North American manufacturing jobs and closing all or part of a dozen plants in the next three years.
Richard Wagoner, GM’s chief executive, said GMAC deal discussions were moving along quickly and that he was pleased with the interest levels, but that there is no sale guarantee, reported the Herald News Daily.
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
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What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
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How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
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More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
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It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.
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Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.
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Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.
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