Recent News

Cars parked at Acura store in Chicago buried by salt when wall collapses

Several parked vehicles at an Acura dealership on Chicago's north side were damaged Tuesday when the wall of an adjacent Morton Salt building collapsed, spilling hundreds of pounds of salt. ... Read More »

China sacks senior officials for deadly factory blast

China's government sacked two senior officials and will prosecute 18 others following an explosion in August at a car parts factory that killed 146, the country's worst industrial accident this year, state media reported. ... Read More »

China extends green vehicle subsidies until 2020

China will extend subsidies for new energy "green" vehicles to 2020, according to draft rules published on Tuesday, extending the current incentive plan, which expires at the end of 2015. ... Read More »

Moody’s Sees Silver Lining in Regulatory Scrutiny of Auto Finance

NEW YORK — An improving economy and job market should keep vehicles rolling off a dealer lots and finance sources active in the asset-backed securities (ABS) market, but the level of new ABS issuance will likely stay flat or rise modestly due to increased...

... Read More »

Mass. AG Investigating Santander’s Subprime Lending Business

BOSTON — Massachusetts Attorney General Martha Coakley has subpoenaed Santander Consumer USA, requiring that the finance source produce documents related to its subprime auto lending business. The AG is also questioning a handful of other auto lenders, which...

... Read More »

Mass. AG Investigating Santander’s Subprime Lending Business

BOSTON — Massachusetts Attorney General Martha Coakley has subpoenaed Santander Consumer USA, requiring that the finance source produce documents related to its subprime auto lending business. The AG is also questioning a handful of other auto lenders, which...

... Read More »

CFPB: Servicemembers Harmed by Loopholes in Military Lending Act

WASHINGTON, D.C. — On Monday, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting how loopholes in the current Military Lending Act are racking up costs for servicemembers. According to the report, these gaps have allowed companies...

... Read More »

CFPB: Servicemembers Harmed by Loopholes in Military Lending Act

WASHINGTON, D.C. — On Monday, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting how loopholes in the current Military Lending Act are racking up costs for servicemembers. According to the report, these gaps have allowed companies...

... Read More »

Subaru of America Reaches 500,000 Sales Milestone

CHERRY HILL, N.J. — Subaru of America, Inc. has reached a significant milestone in its history, by retailing 500,000 vehicles in a single calendar year. The milestone caps a remarkable seven year growth period for the brand in the U.S. in which the company...

... Read More »

VW recalls 2015 Jettas for headlight glitch

Volkswagen Group of America is recalling 25,007 Jetta models from the 2015 model year to fix a software glitch that can affect the operation of the low-beam headlights. ... Read More »