Recent News

Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive. ... Read More »

Hyundai Motor workers approve 2014 wage pact, end strikes

Hyundai Motor's union workers in South Korea agreed to end strikes that may have cost the company more than 900 billion won ($847 million) in lost output after they accepted the carmaker's proposal to increase wages. ... Read More »

FTC Halts Fake Medicare Scheme that Took Money from Seniors’ Bank Accounts

At the Federal Trade Commission’s request, a federal court halted a telemarketing scheme that tricked senior citizens by pretending to be part of Medicare, and took millions of dollars from consumers’ bank accounts without their consent. As part of its ongoing...

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FTC Halts Fake Medicare Scheme that Took Money from Seniors’ Bank Accounts

At the Federal Trade Commission’s request, a federal court halted a telemarketing scheme that tricked senior citizens by pretending to be part of Medicare, and took millions of dollars from consumers’ bank accounts without their consent. As part of its ongoing...

... Read More »

Tesla’s Musk hints at a new model and ‘something else’

Tesla Motors CEO Elon Musk sent out a cryptic tweet, saying it is "about time to unveil the D and something else," with an accompanying photo which mentioned a date, Oct. 9. ... Read More »

Berkshire Hathaway to Acquire Van Tuyl Group

OMAHA, Neb. and PHOENIX, Ariz. — Van Tuyl Group, one of the largest privately-owned dealer groups in the United States, announced Thursday that it will be acquired by Warren Buffet’s Berkshire Hathaway Inc., the billionaire’s holding company....

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Lithia completes purchase of DCH Auto Group

Lithia Motors said it completed the purchase of DCH Auto Group, one of the largest buy-sell deals between dealership groups in recent history. ... Read More »

Ford loses bid to recoup $450 million interest on overpaid taxes

A federal appeals court, in a case that can be traced back to 1983, rejected Ford's bid to recoup about $450 million of interest from the federal government on taxes overpaid by the automaker. ... Read More »

VW’s XL Sport concept full of surprises

Volkswagen dropped a surprise on Wednesday by rolling out the XL Sport concept on the eve of press previews for the Paris auto show. ... Read More »

ADP Dealer Services Spinoff Now Listed on Nasdaq

HOFFMAN ESTATES, Ill. — CDK Global Inc. was officially spun off from Automatic Data Processing Inc. on Tuesday, September 30, 2014. The new independent company begins trading as a member of the S&P MidCap 400 Index.“This is a monumental day in our...

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