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GM cancels plans to build Pontiac G8 sport truck - Ann Arbor News
DETROIT (AP) — General Motors Corp. says it's canceled plans to build the Pontiac G8 sport truck that was scheduled to go on sale this year. The decision to scrap the two-door with a six-foot bed that's reminiscent of the Chevrolet El Camino was ...
Read more...Dealers crank up incentives on vehicles - Lansing State Journal
Amid a severe downturn that has seen sales collapse, car dealers are cutting costs, pushing incentives and paying more attention to customers as they try to sell vehicles. "People still got to drive cars and still got to fix them," said Eric Benson ...
Read more...Yet another local car dealer bites the dust - Times Herald-Record
NEW HAMPTON — Brag Suzuki has gone out of business, the fourth major local dealership to close over the past year as auto sales slump nationwide and tight credit markets have made it difficult for consumers to obtain loans. That downturn has taken ...
Read more...Dark December for autos: Sales of major makers off more than 30% - Marketwatch
Analysts polled by Thomson Reuters were looking for a unit-sales decline, on average, of 35% for Ford and 41% for GM. "No automaker and no market segment has been immune to the economic fallout," Edmunds.com editor Michelle Krebs said. "Total unit ...
Read more...Certified Dealers Finish 2008 Strong - Auto Remarketing
DETROIT — While 2008 was certainly a roller-coaster ride for the certified pre-owned industry, dealers closed the year with a bang after a mostly dismal autumn. CPO sales surged to 147,016 units in December, a 14.4-percent improvement from the same ...
Read more...GMAC to offer more car loans in wake of federal assistance - Detroit Free Press
WASHINGTON – GMAC said today it would offer vehicle loans to a broader range of customers, a day after the U.S. Treasury said it would pump $6 billion into the troubled former finance arm of General Motors Corp. Two months ago, as its funding ...
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