Cliff Banks - The Banks Report

The TBR Weekly Top 10 – October 10, 2015

October 10, 2015 — Volkswagen dealers screwed; Consumer Reports tests VW cars; Former rockstar dealer pleads guilty; Musk slams Apple; Land Rover driving Tata Motors stock; Criminal employees; Changing car ownership; Civic tries to regain its crown; FCA misfires on tier-two. The TBR Weekly Top 10 is our list of what we believe are the… Continue Reading

Cliff Banks - The Banks Report

Reynolds and Reynolds Acquires Vehicle Titling Product

October 10, 2015 — The Banks Report has learned Reynolds and Reynolds has acquired the Assurant Specialty Property’s Title Administration Services. This latest acquisition isn’t going to generate a lot of headlines or rate high on the sexy deal meter, but it adds a critical piece to the Reynolds portfolio of services which includes document management… Continue Reading

Ferrari Races Into IPO

Ferrari Races Into IPO

October 9, 2015 — Sergio Marchionne, showing confidence in Ferrari, decides to move forward with a planned IPO of the luxury brand despite a volatile stock market that has forced numerous companies to recently postpone going public. Ferrari N.V. filed amended IPO papers this morning with the Securities Exchange Commission expecting to generate anywhere from $48… Continue Reading

Management Changes at FCA

Management Changes at FCA

October 7, 2015 — Management changes at Fiat Chrysler Automobiles happen so often, they normally amount to nothing more than press release fodder. But three changes that were announced this week might provide a hint as to which executives are moving up the ladder and possibly be in the running for the top job when Sergio… Continue Reading

Cliff Banks - The Banks Report

TBR Weekly Top 10 — October 2, 2015

October 2, 2015 — 500 Car Pileup; Dealerships and car hacking; 30 minute car deals; Karma returns – sort of; Diesel scandal hurting car sales? Why are we still buying from dealers? Automakers driving car sharing; X marks the spot; GM’s vision of the future. The TBR Weekly Top 10 is our list of what… Continue Reading

Cliff Banks - The Banks Report

Scary News for Dealers from the Cyber War Front

October 2, 2015 — As the automotive industry moves at breakneck speed into the connected car era, making cyber security a leading challenge, dealerships are often left out of the conversation. TBR wrote in December 2014 an analysis of how dealerships were going to become a key battlefront in defending against cyber attacks. One of… Continue Reading

Cliff Banks - The Banks Report

UAW Rejects FCA Deal — Now What?

October 1, 2015 — More bad news for Fiat Chrysler Automobiles as the United Auto Workers Union rejects the proposed new labor contract this week raising significant questions about future production costs for the automaker. Meanwhile, significant problems on the recall side lurk beneath the surface and indicate deeper systemic issues.  United Auto Worker leaders flew…

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