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Updates from May, 2011

  • U.S. Sen. Charles Schumer of New York said he will introduce a bill to stop car rental agencies from renting automobiles that are under recalls for problems that aren't yet fixed.
    9:00 am on May 30, 2011
     
  • One of the best-rated mid-sized cars, the Fusion SEL has a sticker price of $25,110, but right now you can get up to a $1,500 cash rebate, or 0 percent financing on a three-year loan.Spring is usually a great time to buy a new car, and with today's high gas prices, many people are looking to trade in their vehicle for one that's more fuel-efficient.


    8:25 am on May 30, 2011
     
  • Mark Reuss, 47, president of GM North America, says the automaker has a prime opportunity to get new customers into GM vehicles.
    1:01 am on May 30, 2011
     
  • If Toyota's Scion youth brand had stuck to its original premise, the third generation of the boxy xB would be rolling into showrooms today.
    1:01 am on May 30, 2011
     
  • A string of bad luck that spooked the market in May is expected to fade away in time for the 2011 sales recovery to get back on track later this summer.
    1:01 am on May 30, 2011
     
  • Toyota is taking product development authority away from Japanese bosses and putting it in the hands of North American executives as part of its response to the quality crisis that slammed the company last year.
    1:01 am on May 30, 2011
     
  • California Superstores, a new dealership group owned largely by a New York hedge fund, is buying up former Chrysler Group dealerships and at least one existing store in California.
    1:01 am on May 30, 2011
     
  • Chrysler Group wants its Tier One suppliers to earmark 10 percent of their purchasing budget for minority vendors. As part of the initiative, Chrysler will identify 100 suppliers that should be doing a significantly better job.
    1:01 am on May 30, 2011
     
  • Renault has tapped Carlos Tavares, Nissan's top executive for the Americas region, as second in command to CEO Carlos Ghosn, media reports said.
    1:01 am on May 30, 2011
     
  • A General Motors assembly line making the Chevrolet Sonic subcompact and the Buick Verano compact in Lake Orion, Mich.The American auto industry has made small cars a central part of its strategy, seeking to capitalize on a shift in the preferences of consumers in an era of high gas prices.


    12:35 am on May 30, 2011