Category: car dealer
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Mahindra plant in Michigan creates new ‘arsenal of health’ to combat COVID-19
Indian automaker Mahindra has partnered with Michigan General Motors Company and Ford Motor Company in its “Arsenal of Health” efforts to create a Medical Personnel Protection Equipment (PPE) for health workers struggling with Kovid-19. More than 20 Mahindra employees make medical shields from windshields at the Michigan plant. Doctors, nurses, local front-line health care workers…
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Hyundai announces dealer support package to maintain BS-IV inventory
Hyundai Motor India (HMI) on Tuesday announced the dealer support program for the Hyundai Dealer Care Package. According to a document accessed by ETAuto, the package is aimed at improving cash flow and reducing dealer concerns, as the Supreme Court authorized auto dealers to sell only 10 percent of the country’s unsold BS-IV inventory.…
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Hero MotoCorp Warranty extends warranty until June 30th
Hero MotoCorp has announced that it will extend its two-wheeler main warranty, service delivery service and AMC service to June 30 to provide relief to customers during the Coronavirus crisis. As announced by the manufacturer of two-wheelers, all service delivery services that expire between March 21 and April 30 will be extended until June…
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Maruti Suzuki sales decline in March due to coronavirus; Lockdown to worsen auto industry’s condition
Sales of India’s largest carmaker Maruti Suzuki India fell 16 percent in the last financial year as the auto industry, already under pressure from a sluggish economy and thin demand, was hit by the spread of coronavirus. Maruti, which has a 50 percent share in the Indian passenger car market, sold 1.56 million vehicles in…
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AutoNation The Largest U.S. auto retail chain profit fells down with less margin on new vehicles & Investment cost on repair parts (CNBC)
Jackson said AutoNation will act to reduce the inventory of vehicles it carries in response to rising interest costs for stocking cars and trucks. Jackson said he expects the shift by U.S. consumers toward trucks and sport utility vehicles that offer drivers and passengers a high seating position will continue, despite a recent increase in…