September 23, 2008
TOKYO – General Motors Corp is in talks to sell its midsize-truck operations to Isuzu Motors but Japan’s No. 2 truck maker said it had received no such offer.
Tags: GM, Isuzu, Navistar International, Truck Operations
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By Mike Antich When looking ahead to the next 12 months, I foresee reduced operating costs for fleets offset by increased depreciation expense caused by anemic resale values and decreased incentive monies. Here’s why I believe this will be the case, along with other predictions for 2009.
By Mike Antich I can’t recall a year as tumultuous as 2008. The year started with the Jan. 1 termination of the $1.8 billion merger between GE and PHH and ended with the near bankruptcy of GM and Chrysler. In between, we witnessed record fuel prices, then a spectacular freefall in fuel prices, a dismal used-vehicle market, unprecedented credit gridlock, the inability of some fleets to order new-vehicles, and fleet delivery disruptions due to a UAW strike and an epic Midwest flood that submerged rail lines.
By Mike Antich
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In This Issue: Dealers Looking for Answers at NADA Convention, Vehicle Finance Conference Takes On Credit Concerns, F&I in an X&Y World and much more…