Recent News

KAR’s Q2 net income falls 40% on TradeRev rollout, ADESA costs

The company said it better aligned its TradeRev and ADESA businesses to prevent overlap. ... Read More »

Larry H. Miller Group names Steven Starks CEO

Starks, 40, will leave his position as president of the NBA's Utah Jazz and LHM Sports & Entertainment. Dean Fitzpatrick, a 31-year veteran of the company, will continue as president of Larry H. Miller Dealerships. ... Read More »

Hagerty sells 25% stake to Markel Corp. for $212.5M

Hagerty said the investment would increase its pace of growth, and that it would remain substanially privately owned and based in Michigan. ... Read More »

Hit the Books: 10 Best Back-to-School Cars

Kelly Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots. ... Read More »

Experian Teams With Oliver Wyman to Launch CECL Forecaster

Experian’s Ascend platform now includes a loan portfolio modeling tool built in collaboration with Oliver Wyman and designed to help finance sources comply with new current expected credit loss standards. ... Read More »

DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging to active military members. ... Read More »

FTC Requires Divestitures and Imposes Conditions on Boston Scientific Corp.’s Acquisition of BTG plc

Medical device company Boston Scientific Corp. has agreed to divest certain assets to Varian Medical Systems to settle Federal Trade Commission charges that Boston Scientific’s proposed $4.2 billion acquisition of medical equipment and pharmaceutical supplier...

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Potential buyer for idled GM Ohio plant reports dismal Q2 sales

Workhorse Group Inc. had just $6,000 in sales during the three months ended in June, down from about $171,000 a year earlier. Shares in the company plunged Tuesday. ... Read More »

Adient quarterly earnings plunge, but shares rise 32%

Adient, despite a major drop in quarterly earnings, noted new business wins with GM, Ford, Volkswagen and Kia. Shares rose nearly 32 percent on the news. ... Read More »

Nissan captive to pay $3M settlement in suit over repo, lease rights of service members

Nissan Motor Acceptance Corp. denies any wrongdoing but agreed to settle with the Department of Justice "in the best interest for all parties." ... Read More »