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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.
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.
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.
Auto Industry Package May Hinge On Trimming Dealerships: WSJ
Auto Industry Package May Hinge On Trimming Dealerships: WSJ
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.
Berks Dealer in Meeting on Auto Industry Bailout
var nopreviewimage = "1"; if (nopreviewimage == ""){ document.write(' '); document.write(' '); document.write(' '); } Fred Savage, owner of a number of auto dealerships in Berks County, took part in a roundtable discussion with U.S. Senator Arlen Specter and a number of other dealers, auto industry executives and their car finance companies, and auto part suppliers in ...
MADA leader: Auto dealers optimistic
MT. PLEASANT -- The president of the Michigan Automobile Dealers Association said Wednesday that auto dealers in the state remain optimistic about their future despite plummeting auto sales and the dire finances of the Big Three automakers.
Auto execs set to make pitches for loans
WASHINGTON -- The chiefs of Detroit's auto industry will attempt to close a deal for survival Thursday, pleading with a U.S. Senate committee for $34 billion in loans with pledges of future profits, warnings about the current economy and strident arguments against bankruptcy.
Auto Dealerships Stalling
QUINCY | Bruce Thomas washed cars at his father's General Motors dealership in this small town in the Florida Panhandle at age 12, changed oil in high school, and sold his first Pontiac during college.His commitment to a famed American industry, part business and part romance, never waned.
Future of Sunnyvale Auto Row is uncertain
As Sunnyvale considers tearing down Onizuka Air Force Station and building an Onizuka Auto Mall, the future of the Sunnyvale Auto Row along El Camino Real hangs in the balance.
Auto Dealers Suffering In Down Market
SPRINGFIELD, Ill. (AP) -- Officials of the Illinois Automobile Dealers Association say the past year has been particulary rough for the state's approximately 1,000 dealerships.
Auto Bailout
Perhaps no other place in America outside Detroit has more at stake in the debate over whether to bail out the auto industry than National City, Calif., sandwiched between San Diego and the Mexican border.
General Motors' plan to cut quarter of all dealerships likely bad news for Genesee County
Serra GRAND BLANC, Michigan -- A number of car dealerships in Genesee County will likely close under a General Motors plan to rid itself of 1,750 dealers within the next four years. GM's announcement Tuesday that it will focus on...
Longtime Auto Salesman Says Industry Will Survive
The auto industry has definitely seen its ups and downs, including the multimillion dollar bailout request recently made by automakers. There's one area car salesman who's seen it all.
Local auto industry/dealers feeling the pinch
Honda Canada workers will be getting an extra two days vacation over Christmas this season as the auto manufacturing company announced it would be scaling back production at the Alliston plants. The shutdown will affect workers at the newly opened engine plant too.
New England Auto Show Opens Amid Industry Turmoil
The New England Auto Show opens today amid turmoil in the domestic automobile industry.
November auto sales sink to worst level since 1982
NEW YORK (AP) ? U.S. auto sales plunged 37 percent in November to their worst level in more than 26 years, dashing expectations that this dismal year for vehicle demand had found a bottom, and adding more ammunition to the Detroit automakers? case for a congressional lifeline.
As Dealerships Sink, Towns Suffer
Nationwide, 750 dealerships have already closed this year and 150 more are expected to shut down by year's end, putting nearly 40,000 employees out of work.
US Auto Sales Plunge In November, Tri-state Fares Better
Recession forcing dealerships to rely on used cars and service to drive business.
November auto sales hit 26-year low
DETROIT ? The Big Three auto companies told Congress yesterday they were willing to make drastic cuts and strategy shifts to adjust to the reality of the market, a market that turns harsher by the month.
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.
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.
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.
Auto Industry Package May Hinge On Trimming Dealerships: WSJ
Auto Industry Package May Hinge On Trimming Dealerships: WSJ
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.
Berks Dealer in Meeting on Auto Industry Bailout
var nopreviewimage = "1"; if (nopreviewimage == ""){ document.write(' '); document.write(' '); document.write(' '); } Fred Savage, owner of a number of auto dealerships in Berks County, took part in a roundtable discussion with U.S. Senator Arlen Specter and a number of other dealers, auto industry executives and their car finance companies, and auto part suppliers in ...
MADA leader: Auto dealers optimistic
MT. PLEASANT -- The president of the Michigan Automobile Dealers Association said Wednesday that auto dealers in the state remain optimistic about their future despite plummeting auto sales and the dire finances of the Big Three automakers.
Auto execs set to make pitches for loans
WASHINGTON -- The chiefs of Detroit's auto industry will attempt to close a deal for survival Thursday, pleading with a U.S. Senate committee for $34 billion in loans with pledges of future profits, warnings about the current economy and strident arguments against bankruptcy.
Auto Dealerships Stalling
QUINCY | Bruce Thomas washed cars at his father's General Motors dealership in this small town in the Florida Panhandle at age 12, changed oil in high school, and sold his first Pontiac during college.His commitment to a famed American industry, part business and part romance, never waned.
Future of Sunnyvale Auto Row is uncertain
As Sunnyvale considers tearing down Onizuka Air Force Station and building an Onizuka Auto Mall, the future of the Sunnyvale Auto Row along El Camino Real hangs in the balance.
Auto Dealers Suffering In Down Market
SPRINGFIELD, Ill. (AP) -- Officials of the Illinois Automobile Dealers Association say the past year has been particulary rough for the state's approximately 1,000 dealerships.
Auto Bailout
Perhaps no other place in America outside Detroit has more at stake in the debate over whether to bail out the auto industry than National City, Calif., sandwiched between San Diego and the Mexican border.
General Motors' plan to cut quarter of all dealerships likely bad news for Genesee County
Serra GRAND BLANC, Michigan -- A number of car dealerships in Genesee County will likely close under a General Motors plan to rid itself of 1,750 dealers within the next four years. GM's announcement Tuesday that it will focus on...
Longtime Auto Salesman Says Industry Will Survive
The auto industry has definitely seen its ups and downs, including the multimillion dollar bailout request recently made by automakers. There's one area car salesman who's seen it all.
Local auto industry/dealers feeling the pinch
Honda Canada workers will be getting an extra two days vacation over Christmas this season as the auto manufacturing company announced it would be scaling back production at the Alliston plants. The shutdown will affect workers at the newly opened engine plant too.
New England Auto Show Opens Amid Industry Turmoil
The New England Auto Show opens today amid turmoil in the domestic automobile industry.
November auto sales sink to worst level since 1982
NEW YORK (AP) ? U.S. auto sales plunged 37 percent in November to their worst level in more than 26 years, dashing expectations that this dismal year for vehicle demand had found a bottom, and adding more ammunition to the Detroit automakers? case for a congressional lifeline.
As Dealerships Sink, Towns Suffer
Nationwide, 750 dealerships have already closed this year and 150 more are expected to shut down by year's end, putting nearly 40,000 employees out of work.
US Auto Sales Plunge In November, Tri-state Fares Better
Recession forcing dealerships to rely on used cars and service to drive business.
November auto sales hit 26-year low
DETROIT ? The Big Three auto companies told Congress yesterday they were willing to make drastic cuts and strategy shifts to adjust to the reality of the market, a market that turns harsher by the month.
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