Financial

JM&A Group revealed its new vice president and chief financial officer on Thursday. JM Family Enterprises promoted Robert Haeffner to the role. Executives noted Haeffner now is responsible for all accounting, fiscal management, financial reporting and actuarial functions for JM&A. A certified public accountant, Haeffner has been with JM Family since 2004 and most recently […] [Read More]

On Wednesday, Chrysler unveiled the incentives that will be available for this month. Breaking the October incentives down by brand, Chrysler’s dealer body can offer consumers the following: Ram Truck The “Ram Handshake” promotion for 2010 models will be kept running. Basically, this is a pledge that allows shoppers buy a Ram truck and take […] [Read More]

In commemoration of its first anniversary, CarLocate.com introduced several upgrades to the site earlier this week. As some may know, CarLocate.com is a vehicle search website under the Reynolds and Reynolds Co. that launched last year. As far as the improvements made to the site, officials said there are more featured listings on the vehicle […] [Read More]

In today’s transient society we see people moving from residence to residence, from city to city and from state to state. The financial and collection divisions of automobile sales companies are faced with a major obstacle: “What do we do when mail returns and we do not know where our secured collateral is located?”   [Read More]

After both Hertz and Avis Budget Group learned that Dollar Thrifty Automotive Group shareholders voted against the Hertz merger, both reacted by speaking out. Hertz confirmed its earlier statement that it will no longer seek to acquire DTAG. [Read More]

Though details regarding net income are not made available by the private company, Enterprise Holdings said late last week that the profit improvement it made in fiscal 2010 was an all-time high. And with the smooth transition the Alamo Rent A Car and National Rental brands have made as well as the anchor Enterprise Rent-A-Car […] [Read More]

In late breaking news out Thursday, Dollar Thrifty Automotive Group’s shareholders voted against a merger with Hertz. According to Bloomberg, the vote came in at 13.8 million shares against the Hertz bid, compared with 11.8 million shares in favor. The vote took place during a special meeting in Chicago that began at 11 a.m. and didn’t […] [Read More]

A Florida repossession agent skirted serious injury when an individual reportedly opened fire with an automatic weapon. And in a twist, it was the alleged shooter who ended up with a bullet wound. A report posted by NBC Miami detailed how a 21-year-old North Miami Beach man faced criminal charges along with a non-life-threatening injury […] [Read More]

As was expected, AmeriCredit shareholders voted in favor of the company’s acquisition by General Motors. Since more than the required 66.7 percent of AmeriCredit issued and outstanding shares voted in favor of the transaction, executives said the merger is now expected to close Friday, Oct. 1. The votes were reported at a shareholder meeting held […] [Read More]

A repossession agent made a gruesome discovery while on assignment earlier this month in this community north of St. Louis. The local sheriff’s office eventually determined the agent uncovered a murder-suicide. The agent arrived at the home and found two deceased individuals, according to reports from the Madison County Sheriff’s Department published by the St. Louis […] [Read More]