Recent News

Acura retools ILX with more power, 8-speed dual-clutch gearbox

Acura is taking another shot at the small premium sedan segment by retooling the entry-level ILX. The Honda Civic-based compact has been re-engineered with a more powerful engine and an eight-speed dual-clutch transmission. ... Read More »

CFPB Needs a New ‘Tool,’ Study Finds

WASHINGTON — Almost a year after making the pledge, the American Financial Services Association (AFSA) delivered this week a study that addressed the Consumer Financial Protection Bureau (CFPB)’s concerns regarding dealer participation. Its conclusion:...

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Volkswagen won’t advertise during 2015 Super Bowl

Volkswagen, which made a huge splash with its 'The Force' Super Bowl spot in 2011, will be sitting out the big game this year, the company confirmed. ... Read More »

NHTSA’s decision to decline Takata documents spurs criticism

Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just... ... Read More »

FTC Halts Advance Fee Recovery Scheme Targeting Victims of Timeshare Resale and Investment Scams

The defendants in a federal court action brought by the FTC have agreed to stop operating an advance fee recovery scheme for the duration of the on-going litigation. The FTC seeks to permanently stop the operation, which in the past year took close to $1.3 million...

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FTC Seeks Comments on Additional Proposed Changes to Used Car Rule

Proposed Buyers Guide Requires Dealers to Disclose if They Have Vehicle History Reports The Federal Trade Commission is seeking supplemental public comments on proposed changes to the agency’s Used Car Rule and the Used Car Buyers Guide that the Rule requires...

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Millions of cars need airbag fix as Senate grills auto industry

The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis. ... Read More »

Lincoln, VW Captives Rank Highest in Customer Satisfaction, JD Power Reports

WESTLAKE VILLAGE, Calif. — Auto finance sources cannot focus their efforts on only one or two areas of the financing process and expect to have satisfied customers; they need to excel in all areas throughout the life of the loan or lease. That...

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500X will help Fiat in U.S. where it snows

When the 2016 Fiat 500X crossover shows up in North American dealerships next year, it will give the brand its first all-wheel-drive offering for areas that get wintry weather. ... Read More »

Cadillac chief envisions $250,000 flagship car — in 2029

Cadillac's new boss believes General Motors' luxury brand could eventually sell ultra-luxury cars that retail for a quarter-million dollars by 2029. Cadillac may also get more crossover models to supplement the SRX. ... Read More »