“What am I going to do?” That was the first thought that ran through Bill Perkins’ mind upon learning he would lose the Pontiac franchise that comprised some 60% of revenues for the flagship dealership of his automotive empire. While... (Continue reading)
Gregory Jackson, owner of five General Motors dealerships believes that as GM whittles down the number of franchises in bankruptcy “those last men standing should do well.” But when the smoke clears, no one is sure how many minority dealerships... (Continue reading)
The auto industry is experiencing the roughest financial period in its history, with the Big Three reporting less-than-favorable sales for May. As General Motors and Chrysler headed to bankruptcy court earlier this week, and with President Barack Obama’s plan to... (Continue reading)
Chrysler and General Motors have done what was previously unthinkable – filed for bankruptcy. Even for your small business, there may be circumstances where bankruptcy is your best option. Chapter 11 bankruptcy protection is a tool that can be used... (Continue reading)
Information for Consumers and Investors Is GM going out of business? GM has entered chapter 11 bankruptcy protection to launch the “New GM.” GM has the support of the U.S. and Canadian governments and the UAW in this effort. What does this mean... (Continue reading)
Black GM automotive dealers contend with the automaker shutting dealerships and discontinuing its Pontiac line.... (Continue reading)
When asked at last night's news conference what "surprised" him most about his role as the nation's chief executive, President Barack Obama shared with the nation the enormity and randomness of the challenges he's confronted over the past 100 days.... (Continue reading)
If you read my earlier post on Just in Case specials you know that companies are ramping customer reassurance specials. Well, they haven’t stopped; in fact, more companies are joining the Just in Case brigade to get you to open... (Continue reading)
Greeted by the pleasant aroma of “new car smell” upon entering the New York Auto Show at the Jacob Javits Center, I had the pleasure of previewing hundreds of new auto designs and interesting spins on classics. Though I arrived... (Continue reading)
Automotive suppliers employ more than 500,000 U.S. workers and manufacture most of the parts of the vehicles that the big car companies put together. Until now, the public and the bailouts had overlooked these key industry players. That changed April... (Continue reading)