Recent News

TrueCar’s Painter to Step Down

SANTA MONICA, Calif. — TrueCar CEO and Chairman Scott Painter will vacate his CEO position later this year, the company announced during a quarterly earnings conference call on Thursday. Officials also reported that the car-shopping site lost $14.7 million...

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TrueCar CEO Scott Painter to step down by year end

Scott Painter, founder of the online car-shopping site TrueCar, is stepping down as CEO of the company this year. TrueCar said a successor is expected to take office by year end. Painter, 46, will remain chairman of the company's board of directors. ... Read More »

Lear targets acquisitions to enhance electrical unit

Lear is looking for acquisitions of as much as $1 billion for its electrical unit as automakers' demand for global vehicle platforms drives consolidation among their suppliers. ... Read More »

Lexus leans on leases as U.S. luxury race tightens

Lexus is relying more on leasing than BMW and Mercedes-Benz as it challenges the German brands for the lead in U.S. sales of luxury vehicle sales. ... Read More »

Industry Summit to Tackle the Online F&I Movement

LAS VEGAS — Online F&I will be a hot topic at Industry Summit 2015, with the conference agenda featuring four sessions — two workshops and two panels — that will address today’s drive to digitize parts of the F&I experience.All four...

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Industry Summit to Tackle the Online F&I Movement

LAS VEGAS — Online F&I will be a hot topic at Industry Summit 2015, with the conference agenda featuring four sessions — two workshops and two panels — that will address today’s drive to digitize parts of the F&I experience.All four...

... Read More »

CFPB Urges Fifth Third Bank to Cap Dealer Markup

CINCINNATI — The Consumer Financial Protection Bureau (CFPB) is putting pressure on Fifth Third Bank to change its dealer markup policy as part of a potential settlement, according to the Wall Street Journal.The news source, which cited “people familiar...

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Hackers turn off Tesla Model S at low speed

Tesla Motors issued a software patch to address security flaws in the Model S that could allow hackers to take control of the sedan. ... Read More »

GM July sales drop 4% in China, but margins hold up

General Motors sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat goal for profit margins this year in its second-largest market. ... Read More »

FTC Announces Panels for Debt Collection Dialogue in Dallas on September 29, 2015

The Federal Trade Commission has announced the panels for the Debt Collection Dialogue in Dallas on September 29, 2015, the second of three such planned events. Representatives from the FTC, other federal and state law enforcement agencies, and the debt collection...

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