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GM to keep GMC, Pontiac, exec says

A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac. Company sales chief Mark LaNeve also denied rumors that GM plans to terminate the franchise agreements of poorly performing dealers before June 1 to accelerate its dealership consolidation campaign. "The strategy we laid out for you [in February] is still the strategy," LaNeve, GM's vice president of vehicle sales, service and marketing, said today in an interview with Automotive News.

New Hyundai i30 goes on sale in the UK

The new Hyundai i300 arrives in Hyundai UK Showrooms The new Hyundai i30 (2012) was revealed at last year’s Frankfurt Motor Show and has now arrived in Hyundai UK showrooms. It seems like a long time since Hyundai revealed the new i30 at the Frankfurt Motor Show, but it’s actually only six months; time enough to get the news out before the new i30 lands in showrooms, which it does in the UK from today. In many ways the new Hyundai i30 is the most convincing model yet from Hyundai’s increasingly confident offerings, and looks set to go head to head with VW and Ford for the hearts and minds of family car buyers in the UK.

RM Auctions buys Auburn complex from Kruse

RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site's annual Labor Day weekend car auction Sept. 2-6. Rob Myers, RM Auction CEO, said his company will spend the next several weeks making upgrades to the auction facility and lining up consignments.