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Auto Dealerships News

Local auto dealerships: Public scared of economy
ASHEBORO ? For local automotive dealerships, perception is not reality.

Outcry from customers sparks probe of San Bernardino, La Quinta auto dealerships
The California Department of Motor Vehicles is investigating business practices of two auto dealerships that recently closed in San Bernardino and La Quinta.

Car Dealerships Watching as Auto Industry Stalls
var nopreviewimage = "1"; if (nopreviewimage == ""){ document.write(' '); document.write(' '); document.write(' '); } This time the CEO's left the corporate jets at home and instead, drove hybrid cars to Capitol Hill in Washington. But that alone won't be enough for the auto industry to get what it wants from the federal government -- a $34-billion bailout. WFMZ's Joel D. Smith reports ...

Buchanan expected to talk about auto bailout tonight
Few members of Congress have their financial futures as directly tied to the future of the auto industry as U.S. Rep. Vern Buchanan. Tonight Buchanan, who owns five dealerships, is expected to talk about his views on how Congress should handle the auto industry's plea for more than $38 billion in financial aid.

Auto industry impacting city governments
Buying a car in the Valley will change as serious economic consequences force the big 3 auto-makers to plead for their financial lives. The multi-billion dollar bailout plan before congress will effect local dealerships meaning more will close.

Specter, Dent Meet with Local Auto Dealers
As members of the Senate Banking Committee hear from the leaders of the Big Three auto companies on Capitol Hill, U.S. Senator Arlen Specter and Representative Charlie Dent met this morning with owners of local car dealerships in Nazareth, Northampton County. WFMZ's Joscelyn Moes and Joel D. Smith will report on the bailout and the economic recession's impact on local car dealerships ...

Local car dealerships impacted by national auto industry
The CEO's of the Big Three automakers were back on Capitol Hill Thursday. They're now asking for up to $34 billion dollars in federal loans hoping to stave off bankruptcy.

8 La. car dealerships close as the 'Big Three' ask for help
It is tough times for some Louisiana auto dealers, as eight dealerships have closed in recent months or are now in the process of closing. According to the Louisiana Automobile Dealers Association, sales are down about 15 percent compared to last year.

FBI Agents Raid Merced Auto Dealership
Federal agents spent hours searching Auto Expo in Merced as employees at nearby dealerships watched and wondered.

Most Auto Dealerships In China Lack Cash Flow
Shanghai, December 4, 2008: (Gasgoo.com) Car dealers in China are feeling the chill of financial crisis. Sales of their vehicles have dropped and meanwhile their operations are blocked by the lack of cash flow, said Beijing Youth Daily today.

Four in Modesto and Merced dealerships arrested in car fraud
Four people were arrested this week on suspicion of bank fraud in connection with at least three used car dealerships in Modesto and Merced, including Own A Car on McHenry Avenue.

Car dealerships, cities feel impact of economic crisis
It was a sight veteran auto dealer John Symes thought he'd never see, and he's seen a lot.

Local Auto Dealers Hope For Big 3 Bailout
The owners of South Florida car dealerships hope the "Big Three" automakers receive a $34 billion rescue package, or some of the local companies might be forced to close.

Area auto dealers join cry for bailout
The Auto Dealers Association of Greater Philadelphia held a press conference Thursday morning to make the case that the Big Three automakers failing would hurt the region. (F) (GM)

Local Auto Dealers Rally For Government Help
In just the past few months, a number of local auto dealerships have closed their doors, while many others are facing a severe economic pinch.

Buchanan walking fine line on auto bailout
Owner of dealerships says Detroit should not just collapse

Recession Could Thin Auto Dealer Ranks
Domestic auto dealers face their worst market in decades. Thousands could go out of business, but that's not necessarily all bad. The domestic auto industry suffers from overcapacity. Detroit's Big Three would like to thin dealerships, but can't because of state franchise laws and contracts.

Car Dealerships Look to Layoffs to Cut Costs
Car dealers and auto makers both say they're barely hanging on. A Tarrant County auto dealer admits business is way down because of the economy and that's led to some job cuts. FOX 4's Fil Alvarado has more from Burleson with the impact on car dealerships.

Congress still skeptical about auto bailout
Dec. 4, 2008--Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington.

Texoma reacts to auto bailout
The CEOs of GM, Chrysler, and Ford were back on Capitol Hill on Thursday, trying to get loans worth $34 billion dollars. The auto bailout question is having an effect on dealerships here in Texoma, but the effects are not necessarily negative. Rashi Vats explains.

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