AutoNews247.com

The folks at AutoNation Inc. can thank Ray LaHood for their crazy day Wednesday.

Tags: AutoNation, Autonation Inc, Crazy Day, Flood, Ray Lahood, Toyota, Toyota Dealerships

AutoNation Inc. CEO Mike Jackson said he was “surprised and concerned” about the dismissal of Fritz Henderson as General Motors Co. chief executive. Jackson, head of the largest U.S.

Tags: AutoNation, Autonation Inc, Ceo Dismissal, Chief Executive, Fritz, Fritz Henderson, General Motors, General Motors Co., Gm, Mike Jackson, United States

Chrysler’s turnaround plan, being announced today, needs to show long-term product development and financial stability for the largest U.S. auto dealership group to even consider adding franchises, AutoNation Inc. CEO Mike Jackson said.

Tags: Auto Dealership, auto dealership group, AutoNation, Autonation Inc, Ceo, Chrysler, Chrysler Products, Dealership Group, Financial Stability, Franchises, Mike Jackson, Turnaround Plan, U S Auto, United States

AutoNation Inc., the largest U.S. dealership group, posted its biggest profit of the year and said it would boost spending by 65 percent next year to update and buy stores. The net income of $65 million compares with a $1.

Tags: Acquisitions, AutoNation, Autonation Inc, Dealership Group, Net Income, Spurs, Store Upgrades, United States, USD

AutoNation Inc., the largest U.S. dealership group, posted its biggest profit of the year and said it would boost spending by 65 percent next year to update and buy stores. The net income of $65 million compares with a $1.

Tags: Acquisitions, AutoNation, Autonation Inc, Dealership Group, Net Income, Spurs, United States, USD

The restructuring of the U.S. auto industry should include a new standard for inventory levels, the CEO of the top U.S. dealership group said today. AutoNation Inc.

Tags: Auto Industry, AutoNation, Autonation Inc, Ceo, Dealership Group, Inventory Levels, Inventory Standards, Restructuring, U S Auto, United States

AutoNation Inc., the top U.S. auto dealership chain, is ready to go “on offense” by acquiring new stores and buying more vehicles as it bets that the battered U.S. auto market is headed for a long and steady recovery, the company’s CEO said.

Tags: Auto Dealership, auto dealership chain, Auto Market, AutoNation, Autonation Inc, Bets, Ceo, Rebound, U S Auto, United States

Large dealership groups say the federal government owes them millions of dollars for the cash-for-clunkers program. They may be the largest IOU holders, but they are not alone among dealerships waiting for the check to arrive. AutoNation Inc.

Tags: AutoNation, Autonation Inc, Dealership Groups, Federal Government, Iou

AutoNation Inc., the largest U.S. dealership group, posted its third-straight quarterly profit while forecasting an improving U.S. vehicle market after slashing inventory costs and seeing a sharp rise in July sales.

Tags: AutoNation, Autonation Inc, Dealership Group, Improving Market, Inventory Costs, Quarterly Profit, United States

The decisions by General Motors and Chrysler LLC to close more than 2,300 dealerships within the next 18 months will put pressure on vehicle prices, said AutoNation Inc. CEO Mike Jackson. “It’s extremely painful in the short run and very disruptive.

Tags: AutoNation, Autonation Inc, Car Prices, Ceo, Chrysler, Chrysler LLC, Decisions, General Motors, Llc, Mike Jackson, United States

AutoNation Inc., the largest U.S. dealership group, today said it posted first-quarter net income of $34.6 million, despite U.S. light-vehicle sales rates at more than quarter-century lows. The net income, which compares with a $50.

Tags: 6 Million, AutoNation, Autonation Inc, Dealership Group, Light Vehicle Sales, Lows, Net Income, Plunge, Quarter Century, United States, USD

AutoNation Inc. CEO Mike Jackson was awarded $3.39 million total compensation last year, down 30 percent from 2007, as the biggest U.S. retailer lost money and sales fell.

Tags: AutoNation, Autonation Inc, Ceo Pay, Lost Money, Mike Jackson, United States, USD

AutoNation Inc. CEO Mike Jackson was awarded $3.39 million total compensation last year, down 30 percent from 2007, as the biggest U.S. retailer lost money and sales fell.

Tags: AutoNation, Autonation Inc, Ceo Pay, Lost Money, Mike Jackson, United States, USD

AutoNation Inc. CEO Mike Jackson was awarded $3.39 million total compensation last year, down 30 percent from 2007, as the biggest U.S. retailer lost money and sales fell.

Tags: AutoNation, Autonation Inc, Ceo, Lost Money, Mike Jackson, United States, USD

AutoNation Inc. CEO Mike Jackson was awarded $3.39 million total compensation last year, down 30 percent from 2007, as the biggest U.S. retailer lost money and sales fell.

Tags: Autonation Inc, Mike Jackson, United States, USD

AutoNation Inc. CEO Mike Jackson was awarded $3.39 million total compensation last year, down 30 percent from 2007, as the biggest U.S. retailer lost money and sales fell.

Tags: AutoNation, Autonation Inc, Ceo Pay, Decline, Fades, Lost Money, Mike Jackson, United States, USD

AutoNation Inc. rolled out a new incentive program today that covers up to six months of car payments on new or used vehicles for consumers who lose their jobs.

Tags: AutoNation, Autonation Inc, Car New, Car Payments, Consumers, Incentive Program, Job Loss, Jobs, Six Months

AutoNation Inc. rolled out a new incentive program today that covers up to six months of car payments on new or used vehicles for consumers who lose their jobs.

Tags: AutoNation, Autonation Inc, Car New, Car Payments, Consumers, Hyundai, Incentive Program, Job Loss, Jobs, Six Months

The nation’s largest auto dealership group this week awarded substantial stock options to its five top executives. The options allow the executives of AutoNation Inc.

Tags: Auto Dealership, auto dealership group, AutoNation, Autonation Inc, Dealership Group, Execs, Largest Auto, Stock Options, Substantial Stock, Top Executives

AutoNation Inc. will continue to cut orders for new vehicles from manufacturers by about 60 percent in the next two months as it expects U.S. auto sales to remain weak, CEO Mike Jackson said on Wednesday. AutoNation, the No.

Tags: Auto Sales, AutoNation, Autonation Inc, Ceo, Mike Jackson, New Vehicles, U S Auto, United States

AutoNation Inc. will extend through April its plan to cut orders for new vehicles by about 60 percent a month. The nation’s largest dealership group expects U.S. auto sales to remain weak, CEO Mike Jackson said Wednesday.

Tags: April, Auto Sales, AutoNation, Autonation Inc, Ceo, Dealership Group, Mike Jackson, New Vehicles, U S Auto, United States

Ed Lampert, the billionaire investor credited with reviving Kmart’s stock, has purchased more shares of AutoNation Inc., taking another step toward becoming majority shareholder of the largest U.S. dealership group.

Tags: AutoNation, Autonation Inc, Billionaire, Dealership Group, Investor, Kmart, Lampert, Majority Shareholder, Stock Shares, United States

AutoNation Inc. is preparing for billionaire investor Ed Lampert to take a majority stake in the company. The nation’s largest vehicle retailer announced Thursday that it obtained approval from auto manufacturers for ESL Investments Inc.

Tags: Auto Manufacturers, AutoNation, Autonation Inc, Billionaire, Ed Lampert, Esl Investments Inc, Investor, Lampert, Majority Stake, vehicle retailer

AutoNation Inc., the nation’s largest auto dealership group, today said it remained profitable in the fourth quarter despite a $1.4 billion drop in revenue.

Tags: Auto Dealership, AutoNation, Autonation Inc, Dealership Group, Decline, Fourth Quarter, Largest Auto

To ease an inventory glut, the nation’s largest auto dealership group plans to slash new-vehicle orders by 60 percent in each of the first three months of 2009 compared with a year ago. Mike Jackson, CEO of AutoNation Inc.

Tags: Auto Dealership, auto dealership group, AutoNation, Autonation Inc, Ceo, Dealership Group, First Three Months, Inventory Glut, Largest Auto, Mike Jackson, Slash