Recent News

JPMorgan Chase loses bid to reclaim security for $1.5 billion GM loan

JPMorgan Chase lost another court bid to reclaim security for a $1.5 billion loan to General Motors' bankrupt predecessor. ... Read More »

CFPB Faces Mounting Criticism, New Bipartisan Bill

WASHINTON, D.C. — The Consumer Financial Protection Bureau’s targeting of the indirect auto financing channel is taking fire once again.On Monday, the The Wall Street Journal published its second op-ed piece questioning the bureau’s tactics. Later...

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NIADA Effort to Halt Oregon BHPH Bill Succeeds

SALEM, Ore. — An Oregon bill aimed at placing severe restrictions on the state's buy here, pay here dealers is officially off the legislative agenda following a massive effort by the National Independent Automobile Dealers Association (NIADA) to educate lawmakers...

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ThyssenKrupp plans to sell axle systems unit, report says

German steelmaker ThyssenKrupp is selling its automotive contract assembly unit, which makes axle systems for car makers, as it seeks to streamline its activities and beef up profitability, two sources familiar with the deal told Reuters. ... Read More »

Is Germany making too many luxury cars?

Massive sales gains present some tricky terrain for a luxury brand. The appeal of a German-born luxury car, at least in part, is the air of exclusivity. So how do Germany's car bosses deal with that potential stigma? ... Read More »

2012 Subaru Impreza under investigation for potential airbag flaw

U.S. safety regulators have opened an investigation into 2012 Subaru Imprezas because the front passenger seat airbags may fail to operate. ... Read More »

Toyota to announce details on new Mexico factory; Corolla production will move from Canada to new plant, report says

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said. ... Read More »

Toyota to announce details on Mexico factory; Corolla production will move from Canada to new plant, report says

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said. ... Read More »

Consumers Trust Social Media, Peer Reviews More than Dealers

NEW YORK — Marketing platform provider Crowdtap has released the results of a new study that explores the consumer path to purchase when it comes to buying a vehicle.The study polled community members who self-identified as “car buyers,” defined...

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‘Is It Compliant?’ to Cap Midwest Compliance Summit

CHICAGO — Organizers of Compliance Summit have announced that the Midwest event, which will be held April 20–21, 2015, at the DoubleTree Chicago O’Hare in Rosemont, Ill., will conclude with “Is It Compliant?”, an open-forum discussion...

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