Recent News

France warms to FCA-PSA merger after derailing Renault deal

French prime minister Edouard Philippe said in an interview that 'there are excellent arguments” for combining the maker of Peugeot cars with its Italian-American counterpart. ... Read More »

Alibaba-backed EV startup XPeng raises nearly $400 million, report says

The fundraising comes amid an increasingly tough financing environment for Chinese EV startups, which must jostle for attention in a crowded and competitive sector. ... Read More »

FCA prodded dealers to absorb glut of unordered cars, report says

Four dealers said Fiat Chrysler has revived what’s known in industry circles as a “sales bank,” Bloomberg reported. The automaker denies it has restarted the practice. ... Read More »

Chrysler Dealers to Appeal Claims Court Loss

An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could make its way to the U.S. Supreme Court. ... Read More »

Current and former VW managers indicted over labor leaders’ pay

Managers responsible for the VW brand's personnel issues awarded works council members inflated salaries and bonuses, causing damage to the company, German prosecutors said. ... Read More »

Mercedes plans all-electric variant of G class

A battery-powered variant of the venerable G-class, redesigned in recent years and one of the oldest light trucks in the Mercedes-Benz lineup, could help secure the model's future at a time when environmentalists are targeting heavy, less-efficient SUVs with high...

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3 Ways to Improve Your F&I Language Skills

Learn how committing to simple, effective, jargon-free communication reduces customer confusion and helps F&I professionals sell more products. ... Read More »

FTC Stops Student Loan Debt Relief Scheme that Allegedly Bilked Consumers out of Millions

Operators of alleged scheme claimed to be affiliated with the federal government and falsely promised to help reduce or even eliminate consumers’ student loans, agency says The Federal Trade Commission obtained a temporary restraining order halting an operation...

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Utah Company Settles FTC Allegations it Failed to Safeguard Consumer Data

As a result, hacker gained access to personal information of a million consumers, agency says A Utah-based technology company has agreed to implement a comprehensive data security program to settle Federal Trade Commission allegations that the company failed to...

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Continental Q3 profit drops 20% on auto slowdown

Slower auto production growth hit Continental's third-quarter earnings as the German supplier plans deeper cost cuts. ... Read More »