Recent News

Icahn’s $5.4 billion exit strategy for Federal-Mogul soothes aftermarket retailers

One reason Carl Icahn is selling Federal-Mogul is because customers such as AutoZone and O'Reilly bristled at the fact the billionaire investor was both their supplier and competitor. ... Read More »

FTC Approves Fiscal Year 2017 Hart Scott Rodino Premerger Notification Report

The Federal Trade Commission and the Justice Department’s Antitrust Division released the agencies’ 40th Annual Hart-Scott-Rodino Report. The Report provides HSR Premerger Notification data for fiscal year 2017. The HSR Premerger Notification Program is the...

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California: Emissions deal with EPA could be doable

California's top air-quality regulator sees hope for a deal with the Trump administration over fuel economy and emissions standards -- so long as Washington doesn't try to steamroll the state. ... Read More »

FCA, U.S. talks advance over emissions settlement

Fiat Chrysler Automobiles is in advanced settlement talks with the Justice Department and California Air Resources Board over accusations that the company illegally used software that led to excess emissions in 104,000 diesel vehicles sold since... ... Read More »

Wells Fargo Reviewing F&I Products as Regulatory Pressure Builds

SAN FRANCISCO — Wells Fargo is reviewing all F&I products customers opt to include in vehicle finance contracts the bank purchases from dealers to “improve processes for our consumer and dealer customers and to remain competitive in the market,”...

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Federal-Mogul’s long history grew bumpy in recent years

After a long and sometimes checkered history of navigating asbestos litigation and bankruptcy, and struggling to regain profitability, longtime auto supplier Federal-Mogul is slated to be acquired by Tenneco in a deal valued at $5.4 billion. ... Read More »

AutoGravity Partners With Westbon

IRVINE, Calif. — Fintech provider AutoGravity announced a partnership with Westbon, a lending platform for international students in the United States. Through this unique partnership, Westbon financing options are now accessible to international students...

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Herbert Diess’ to-do list is long

Word of the surprise shakeup at VW arrived in a press release that bore the signs of haste. Now Herbert Diess is preparing to take the top role at the automaker -- and he has a long to-do list. ... Read More »

Why Mueller is leaving VW

Volkswagen CEO Matthias Mueller has won wide praise for steering the carmaker through the near-death experience of cheating on diesel-emissions testing -- but that wasn't enough to keep him in the job. ... Read More »

U.S. senate panel to repeal CFPB’s auto lending rules, chief says

The U.S. Senate Banking Committee plans to repeal the Consumer Financial Protection Bureau's indirect auto lending and leveraged lending rules in coming weeks. ... Read More »
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