Recent News

Hyundai to build 2 factories in China to better compete with VW, GM

Hyundai will build two factories in China, its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows. ... Read More »

Government Loses $9.26 Billion on Auto Bailout

WASHINGTON, D.C. — According to a report from the U.S. Treasury Department released Monday, the government lost a total of $9.26 billion on its bailout of the auto industry during the Great Recession. The program closed after the Treasury sold its final shares...

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N.Y. Shuts Down Subprime Auto Lender

NEW YORK — The New York State Department of Financial Services (NYDFS) submitted last week a final consent judgment to settle its lawsuit against Condor Capital Corporation, a subprime auto lender based in Long Island, and its sole shareholder, Stephen Baron.Among...

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Spencer Re Selects New CEO

NEW YORK and SAN JUAN — Spencer Re, a Spencer Capital Holdings company, announced that Tina Youngblood Mallie has joined the firm as CEO. Mallie also serves as vice chair of Spencer Capital Holdings.“Tina’s reputation and experience in the insurance...

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GWC Warranty Expands Headquarters

WILKES-BARRE, Pa. — GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sold through automotive dealers, has announced the expansion of its headquarters.GWC’s state-of-the-art facility has been expanded to...

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Toyota dealer group in China warns up to 10% may quit as losses mount

As many as 10 percent of dealers for one of Toyota's China ventures are poised to drop out of the network because they can't make money on the cars they're told to sell, a dealer's group warned. ... Read More »

Connected cars overtake video games at CES

The Consumer Electronics Show in Las Vegas -- once known for cutting-edge phones and video games -- now has a new main attraction: cars and light trucks. ... Read More »

Hyundai’s big sci-fi hit

What's the best way to describe a car's newest technology without sounding cliché? By comparing it to a super baby that derives his power from a robotic suit, of course. ... Read More »

Ford will tout F-150 capability in College Football Playoff

Ford will use the first-ever College Football Playoff to launch the advertising campaign for the redesigned F-150, but viewers won't hear a word about how the truck's lighter aluminum body helps improve fuel efficiency. ... Read More »

FCA recalls 66,819 older pickups for clutch problem after 1 fatality reported

FCA US, the former Chrysler Group, is recalling almost 67,000 older-model pickups equipped with manual transmissions globally for possible clutch problems that have been linked to one death. ... Read More »