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Wed, 22 Feb 2012 16:29:38 EST
Honda elevates top U.S. exec to bolster North America
Honda is expanding the role of North America COO Tetsuo Iwamura -- making him the automaker's second-highest global executive and marking the first time such a position has been based in the United States.

Wed, 22 Feb 2012 15:45:44 EST
Lithia's next CEO has big plans for growth
In 1988 Bryan DeBoer was fresh out of college with a degree in computer science and no plans to work in the auto industry. But his dad, Lithia Motors founder Sid DeBoer, needed someone who could work with spreadsheets to organize data at Lithia.

Wed, 22 Feb 2012 12:52:50 EST
Akersons donate $1 million to Habitat for Humanity
General Motors CEO Dan Akerson and his wife, Karin, will donate $1 million today to start a Habitat for Humanity initiative called Leaders to ReBuild Detroit.

Wed, 22 Feb 2012 10:12:16 EST
Lithia Motors' Q4 net income rises four-fold to $18.7 million
Lithia Motors said today its fourth-quarter net income surged four-fold, let by a 41 percent rise in new vehicle revenue. Net income for the fourth quarter was $18.7 million, or 71 cents per share, compared with $4.

Wed, 22 Feb 2012 15:01:33 EST
Ford to pump $3.8 billion into pension plan
Ford is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the automaker moves more aggressively to minimize its pension risks in a shaky market.

Wed, 22 Feb 2012 12:49:21 EST
Ford hikes director compensation by 25%; boosts Edsel Ford II fee
Ford boosted annual compensation for board members by 25 percent and will pay 29 percent more to Edsel Ford II, its founder's great-grandson, for his work as a director and consultant.

Wed, 22 Feb 2012 12:43:03 EST
NHTSA adds crash dummy to assess safety seats for heavier children
A crash-test dummy designed to resemble a 10-year-old child has been added to the National Highway Traffic Safety Administration's family of test dummies to evaluate child safety seats and boosters made for children weighing more than 65 pounds.

Wed, 22 Feb 2012 05:04:21 EST
Daimler decreases CEO Zetsche's pay despite record profit
Daimler has reduced the compensation of CEO Dieter Zetsche, despite posting record profit in 2011. Zetsche's reward for 2011 is currently calculated at 8.65 million euros ($11.

Wed, 22 Feb 2012 12:21:43 EST
GM's Lauckner to replace retiring Stephens as technology chief
General Motors said today it has named Jon Lauckner vice chairman and chief technology officer, effective April 1. He will replace Tom Stephens who retires on that date.

Wed, 22 Feb 2012 09:45:59 EST
Mazda eyes $2 billion share offering as strong yen bites
Mazda said today it was looking to raise up to 162.8 billion yen ($2 billion) in its second public share offering in 2-1/2 years, underscoring the Japanese automaker's vulnerability to the stubbornly strong yen.

Dealer's Edge

Tue, 21 Feb 2012 00:00:00 EST
It’s 12 noon; do you know where your techs are?
Blames it on the drugs; what about his girlfriend?

Tue, 21 Feb 2012 00:00:00 EST
Oregon car dealer headed to prison for elaborate check-kiting scheme
Banks’ loss estimated at $3 million

Tue, 21 Feb 2012 00:00:00 EST
Honda’s small claims court loss affects proposed class action lawsuit
The small claims route offered better compensation than the class action

F&I Magazine

Tue, 21 Feb 2012 11:49:21 PST
Gas Prices Once Again a Concern, Reports CNW
Despite a rise in gas prices, data from the first 15 days of February indicates that vehicle sales could rise 7 percent to 1.1 million units this month, according to CNW Research.

Tue, 21 Feb 2012 11:47:57 PST
Auto Point, TimeHighway.com Partner on Online Service Scheduling
Auto Point Inc. and TimeHighway.com announced a partnership to give service customers the ability to schedule an appointment 24 hours a day, 7 days a week from their computers or mobile devices.

Tue, 21 Feb 2012 11:46:49 PST
The Impact Group Launches ADP Approved Interface
The Impact Group announced its latest certified interface, a direct integration relationship between ADP DMS systems and the Fusion F&I menu platform, as well as TFS’s FS Presentation.