Author Archive: stevenganesh

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img-3Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.

The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.

Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.

“It’s a coming of age, recognition that a [...]

img-4The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.

Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of [...]


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MEET THE MANAGEMENT I Started my Auto career back in the late 80's with  Jeep & Dodge. After Jeep & Dodge  I went to Pontiac, Hyundai as a Top Sales  professional I also managed the location & was a  Leasing Manager at that dealer for 15 plus years. I then went to work for the #1 Toyota Dealer were I helped clients purchase New & Used cars and trucks before Retiring. Currently I enjoy helping CU members find the right vehicle for their needs at the right price. Members do not need to worry about the hassle and pressure that the dealer salesperson, manager and finance Mgr put on them to pay to much, get to little for their trade and pay too much for finance products.I make the process as simple as possible by appraising your trade and being able many times to deliver the vehicle I helped you purchase to your home. Sales Representative


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New Cars Used Cars Credit Unions WELCOME TO YOUR NEW WEBSITE Why CU Auto? We are an auto buying service dedicated to making sure you get the best deal and proper treatment when considering purchasing your next new or previously owned vehicle. We have been in business serving credit unions and their members since 2001, with thousands of satisfied members. Because our team only works with credit union members, we see ourselves as credit union people who happen to be in the car business. As members ourselves, we are committed to doing things properly. We are responsible to make sure that your experience is exceptional in every facet, work hand in hand with your credit union on the loan, and make sure you get the best price on the new vehicle, and the most for your trade in. Give us a call, or send us an email if you are looking for a great car buying experience! We look forward to taking care of you SEARCH OUR INVENTORY What are our Hours of Operation?


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Fiat exercises option to buy additional 3.3% of Chrysler shares

Purchase brings closer a merger of the two automakers

img-5Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]

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