MENLO PARK, Calif. – Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol “FB.” Facebook is [...]

Acton, MA — At the New England Motor Press Association’s (NEMPA) annual meeting and awards dinner held on Friday, May 11th, the 2012 WheelsTV POV of the Year Award (POVY) was presented to the ’07 to ’10 Chevrolet Silverado. The POVY recognizes motor vehicles that have proven themselves in day-to-day use for at least two [...]

NEW YORK – Data through April 2012, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults showed that, with the exception of bank cards, all loan types saw a decrease in default rates for the fourth consecutive month. In addition, the four [...]

WASHINGTON – Since establishing itself as an innovator in mobile technology with the introduction of an app for the Apple iPhone® in October 2009, Mercedes-Benz Financial Services (MBFS) is seeing steady growth in the number of customers using mobile channels for account management. Today, nearly 10 percent of the payments MBFS receives through its online payment [...]

COSTA MESA — Hyundai Motor America this week introduced an all-new mobile application for the Hyundai-developed Blue Link® telematics platform. The mobile app allows subscribers to remotely access various Blue Link® features and services through compatible mobile devices. Completely redesigned from the ground up, the app has been significantly enhanced from the previous version and [...]

According to a story from The Detroit News.com, General Motors is pulling its paid advertising off of Facebook. The story said GM will still keep its Facebook Fan Pages. Click here to read the full story.  What do you think of GM’s decision to pull its paid advertising from Facebook?

Thirty-four dealerships selected as WomenCertified Top Dealerships for Outstanding Customer Experience for 2011 were honored at the 12th Digital Dealer Conference & Exposition held in Orlando in April. This Top Dealership list, which is the first in an annual series, identifies the country’s top auto dealerships based on female customer satisfaction and women’s reported preferences [...]

Ten Value Buys for Bargain New-Car Shoppers for May 2012 IRVINE, Calif. — According to Kelley Blue Book www.kbb.com, the leading provider of new car and used carinformation, auto sales are rebounding in the United States due to the plethora of redesigns and new introductions during the last few years.  Shoppers in the market for [...]

The local segment of U.S. social media ad spending will reach $3.1 billion in 2016 CHANTILLY, Va.. -– Social media advertising revenues will grow from $3.8 billion in 2011 to $9.8 billion in 2016, representing a compound annual growth rate of 21 percent, according to BIA/Kelsey’s U.S. Local Media Forecast (2011-2016). BIA/Kelsey, adviser to companies [...]

AUBURN HILLS, Mich. — Chrysler Group LLC is playing matchmaker in Southern California this week as it brings together 40 Chrysler, Jeep®, Dodge, Ram, and FIAT dealers with 67 minority-owned suppliers from across the state. Program brings together 40 dealers with 67 minority-owned suppliers Designed to foster more dealer purchasing from minority suppliers Concept fashioned [...]

SMYRNA, Tenn. – It has been 20 years since the first Nissan Altima rolled off the line in Smyrna. Today, more than 4.4 million Altimas later, Nissan celebrates another milestone: production of the top-selling vehicle’s fifth generation. The all-new 2013 Nissan Altima, which has been produced at Nissan’s Smyrna Vehicle Assembly Plant since the first generation [...]

DETROIT – The real story in this year’s rankings of automakers by their suppliers in the 12th annual study of OEM working relations is not their overall rankings, but rather the dramatic and continuing slide of Toyota and Honda, and the continuing improvement of Chrysler Group, General Motors and Ford since 2005. While still in first [...]