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GM laying off 510 amidst slow Cadillac, small car sales
2014-11-12 19:20:34| Auto Dealers - Topix.net
General Motors is laying off about 510 workers from two factories beginning in January, and it could be months before the automaker needs some of that latent capacity to come back on line. A combination of poor sales and high dealer inventories are prompting the cutbacks , according to Automotive News .
RPT-As gas prices slide, U.S. car buyers go for size, shun hybrids
2014-11-12 15:10:14| Auto Dealers - Topix.net
It is the automotive equivalent of Pavlov's bell: when gasoline is expensive, U.S. car owners try to downsize, but once pump prices ring down, they salivate over big pickup trucks and SUVs. With gas prices dipping below $3 a gallon last month for the first time since December 2010, size is back in vogue.
GM Cuts Staff, Output at Michigan Car Plants
2014-11-12 11:00:06| Auto Dealers - Topix.net
General Motors Co. said on Tuesday it would reduce production and lay off 510 workers at two Michigan assembly plants to trim inventories of slower-selling vehicles even as auto sales generally remain red hot.
Tags: car
staff
output
michigan
Big is back in style on car lots
2014-11-12 02:36:30| Auto Dealers - Topix.net
Automakers reported a 6.1 percent jump in sales for the month of October, the highest level for that month since 2004. On the lot of Downtown Ford in Sacramento, Sales Manager Kit Kinne pointed to a row of large, extended cab pickups.
Disgruntled buyer pays car dealer $19,000 in coins for new car and ...
2014-11-12 00:35:00| Auto Dealers - Topix.net
Here, take your money! Disgruntled client pays dealer $19,000 in COINS for new cara but the owner isn't buying it law, coins of a denomination smaller than 50 cents can only be payed for an amount of up to $2 A luxury car salesman knew something smelled fishy when a customer paid him in AUD$17,063.38 in stinking coins. Last Tuesday, Ong Boon Lin, 34, entered Exotic Motor, a shop specialising in Ferraris and Bentleys, pushing a white box on a trolley.
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