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October 07, 2008 – NADA's Sykora: 'Action is better than no action'
Auto dealers hope the federal government's $700 billion bailout package will thaw credit markets so they can finance floorplans and consumer purchases, the chairman of the National Automotive Dealers Association said today. October 07, 2008 – Report: Dealership gross profits drop 25% in 2008 Suffering auto sales in 2008 have cost auto dealerships one quarter of the gross profits they generated in 2007, an Edmunds.com study has found. October 07, 2008 – Report: Porsche aims to have VW majority by November 26 Porsche is aiming to increase its 35 percent voting stake in Volkswagen to more than 50 percent by November 26 at the latest, Germany's Sueddeutsche Zeitung paper said, citing unidentified sources. October 06, 2008 – Market tanks, taking down auto stocks with it U.S. stock markets plummeted today before posting a modest recovery, sending Ford Motor Co. stock to its lowest price since the 1980s on an adjusted basis. |
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