Autonation News

Not long ago, General Motors UM.UL as the biggest company in the United States could have attracted a legion of CEO candidates, but the automaker only looked within.

As if the to-do list at General Motors Co. wasn't lengthy enough, searching for someone to tackle one of the most difficult chief executive jobs at an American corporation may be the toughest.

Moody's Investors Service has lifted its outlook on AutoNation Inc., the nation's largest automotive retailer, encouraged by its improving credit profile.

In the search for a new executive to run General Motors , outsiders are in. The troubled company's new government-appointed board wants GM to change faster than it did under fallen CEO Fritz Henderson, and it will look for a replacement from outside the automaker's bureaucratic culture.

The winner will be chosen at Ford Lincoln Mercury of Bellevue, on 116th Avenue NE in Bellevue, at noon.

The current government strategy to increase fuel efficiency is to mandate it through increases in the Corporate Average Fuel Economy standards, currently set for 35.5 mpg by 2016.

Former Western New Yorker Michael Maroone is ranked among the top 50 Visionary Dealers - auto dealers "who made a difference" in the U.S. auto industry - says Automotive News , which compiled the list.

Earlier this decade U.S. auto sales exceeded 16 million vehicles a year. 009 by The Associated Press.

U.S. auto sales should recover a bit next year but will remain at depression levels through 2010 until housing prices and job cuts stabilize, the CEO of the nation's largest auto dealer chain said Monday.

The mood in the global automotive industry has shifted to cautious optimism, marked by the unveiling on Wednesday of Chrysler's turnaround plan and General Motors' plan to keep its Opel unit.

Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry.

Auto executives know how to get U.S. drivers to save a whole lot more gasoline: Raise the price of gas, to at least $4 a gallon.

It's D-day at the Fed, as Chairman Ben Benrnake and the Federal Open Market Committee unveil their latest policy decision.

There's a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it -- sharply hike the gas tax.

AUTO RETAILER AUTONATION is one of Bill Gates' favorite stocks, and he's been adding to his stakes in recent days.

Major U.S. auto dealerships see only a grudging recovery in demand in 2011, a cautious outlook at odds with the consensus view that the battered industry could see a double-digit percentage rebound.

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As automakers, parts suppliers and car retailers ready business plans for next year and beyond, the experience of the industry's 2009 crash has made caution the new byword.

The consumer automotive Web site Edmunds.com is being accused by the White House, as well as by the nation's largest car dealer, of bias because of its analysis of the federal cash-for-clunkers program this year.

By Jim Henry Oct 29, 2009 Three of the nation's largest auto retailers were profitable in the third quarter despite lower new-car sales, but profits were down, and it took a lot of doing for dealerships to make up for lost revenue.