Jun

iBidMotor Offers GM & Chrysler Dealers Special Ad Deal

Posted by Brian Published in Business, Cars, Chrysler, GM

To help in the immediate sale and disposal of their new and pre-owned vehicles, iBidMotors has announced that it will give all GM & Chrysler dealers the ability to advertise their inventory at no charge for 60 days. iBidmotors has been going great guns as of late, hitting $100M in sales online and acquiring Monster Motors. This latest move is bound to further bolster their credibility although their main focus is to aid the many dealers who are going to be cut off soon by the two giant car manufacturers from the US.

“iBidMotors’ commitment to GM and Chrysler during these turbulent times is unprecedented,” said Bob Schiff, iBidMotors Founder and CEO. “Over 8,000 car dealers are affected by this bankruptcy, and by offering to advertise their inventory online for free, iBidMotors will help viable dealerships continue to thrive and contribute to saving jobs in communities across the country,” said Schiff.

iBidMotors has hired additional staff to accommodate the influx of new clients that they expect will take advantage of this extraordinary offer. Dealers have until June 30th to sign up for this program.

(Source) Press

Tags: Bankruptcy, car dealers, car manufacturers, Chrysler, chrysler dealers, credibility, giant, GM, great guns, ibidmotors, jobs, monster motors, pre owned vehicles, program source, turbulent times

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Jun

Chrysler Dealers Rushing to Liquidate Car Inventories

Posted by Brian Published in Business, Chrysler, Industry

About 789 Chrysler dealers are going to have a horrendous weekend as they rush to sell their remaining cars on hand to meet the deadline prior to being shut down. They have until Tuesday to liquidate their stocks, a task that may seem close to impossible considering the financial situation of their areas of concern.

Brunt of the sales will be used cars and while many of us would think that the best way to dispose of these used cars would be a discount deal similar to that of Circuit City, don’t get your hopes up. It is far from happening.

True enough a lot of dealerships are in for some rough days ahead. And while many of them have been ordered to close, there are some who have defied the order, taking Chrysler to court to add some more headaches for the car manufacturing giant. They’ll remain Chrysler dealerships until the bankruptcy judge issues a ruling.

(Source) WBZTV

Tags: bankruptcy judge, brunt, car inventories, Cars, Chrysler, chrysler dealers, chrysler dealerships, circuit city, financial situation, giant, headaches, judge issues

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Dec

120,000 Cars Recalled by Toyota

Posted by Brian Published in 2005 Vehicles, 2006 Vehicles, Cars, Navigation, Toyota

A steering wheel issue has forced Japan car manufacturer giant Toyota to pull out approximately close to 120,000 cars for brands that was divided between new model cars Reiz, Crown sedans and Lexus Luxury models.

Cars that were manufactured back in February, 2005 until October, 2006 seems to be the ones affected, owing to a probable defect that came about in their tie up with the FAW group during this period.

Considering the number of cars being recalled, that is indeed a lot. Just some days back, Toyota was announcing that it would be incurring its first-ever annual operating loss. With this recall, this is bound to toggle the figures more to the red.

Source