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Stalled car sales hit D.C.-area dealerships hard - Washington Business Journal
While the heads of Detroit’s Big Three beg Capitol Hill for a government bailout of the nation’s automobile manufacturers, area car dealers are struggling through the toughest market climate they’ve experienced in decades. “People are just ...
Read more...Car dealers: Help needed from Detroit or Washington - Beaufort Gazette
As the possibility for a lifeline from Washington to the nation's domestic automakers grew more remote Thursday, some local car dealership managers and owners crossed their fingers for a miracle that will keep domestic automakers afloat -- and help ...
Read more...GM delays paying dealers for incentives to save cash - Windsor Star
General Motors Corp., seeking low-interest federal loans to stave off financial collapse, said it will delay reimbursing U.S. dealers for sales incentives by about two weeks to preserve dwindling cash. The move postpones payments to almost 6,500 ...
Read more...Will anyone buy a new car? - Minneapolis Star Tribune
M ike Slobodnik would love to buy a new car. Although he works in finance at Fury Motors in South St. Paul, even Slobodnik said now is not the right time. "There are lot of uneasy consumers out there, and I am one of them," Slobodnik said. Before the ...
Read more...GM, Ford Sales Slump Puts Buyers in Driver's Seat (Update1) - Bloomberg
Nov. 17 (Bloomberg) -- John Bruno, president of a car dealership in midtown Manhattan, said he would do anything to sell a car, including slashing prices by at least 10 percent on various models. ``If they want to buy a car, they are going to leave ...
Read more...GM Delays Dealer Incentive Payments While Seeking Aid - Daily Business Review
eneral Motors Corp., seeking low- interest federal loans to stave off financial collapse, said it will delay reimbursing U.S. dealers for sales incentives by about two weeks to preserve dwindling cash. The move postpones payments to almost 6,500 ...
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