Recent News

Ferrari to launch a 10-unit limited-edition model for the U.S.

Ferrari Chairman Luca Cordero di Montezemolo's last public act at the helm of the Italian supercar maker will be the unveiling of a limited-edition model destined for the U.S. market only. ... Read More »

NADA backs renewed effort to curb CFPB oversight

Critics of the Consumer Financial Protection Bureau are taking another run at curbing the bureau's regulatory tactics of issuing industry 'guidance' and entering into consent orders with individual auto lenders. ... Read More »

Porsche SE does first post-VW deal, buying 10% stake in U.S. traffic tracker Inrix

Porsche Automobil Holding bought a 10 percent stake in Washington-based traffic information provider Inrix for $55 million, its first move to expand its assets beyond a controlling stake in Volkswagen. ... Read More »

Ford recalls 74,000 older Escape, Mercury Mariner hybrids

Ford is recalling about 74,000 older-model Escape and Mercury Mariner crossover vehicles because the electronic hybrid system may overheat. ... Read More »

FTC Stops Marketers of Phony Health Care ‘Discount’ Schemes Directed at Older Americans and Spanish-Speaking Consumers

The Federal Trade Commission has halted two health care scams that were designed to trick consumers into paying for phony “discount” cards, which the scammers falsely claimed would provide consumers with health insurance, or help them pay for prescription...

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FTC Staff Provides Comment to CFPB on Mobile Financial Services

The staff of the Federal Trade Commission filed a comment in response to the Consumer Financial Protection Bureau’s request for information on the use of mobile financial systems by consumers and their potential benefits for the financial lives of underserved...

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Mortgage Lead Generator Will Pay $500,000 to Settle FTC Charges That It Deceptively Advertised Mortgage Refinancing

An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 civil penalty to settle Federal Trade Commission charges that it deceived consumers with ads that falsely claimed they could refinance their mortgages...

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Tesla’s $1.3 billion incentive deal with Nevada includes direct sales

Nevada Governor Brian Sandoval signed tax breaks worth as much as $1.3 billion and a measure allowing Tesla Motors to sell directly to state residents, the final steps to bring the world's largest lithium-ion battery factory to Reno. ... Read More »

GM issues 2 recalls, stop-sale orders for 2015 Corvettes

General Motors is issuing two more recalls, both on the 2015 Chevrolet Corvette, according to stop-delivery orders sent to dealers today. The recalls, GM's first in more than a month, bring its total number for the year to 67. ... Read More »

Chrysler minivans receive over 100 complaints of engine stalls in U.S.

Federal auto safety regulators have received more than 100 complaints about engine stalling from owners of Chrysler minivans from model years 2004-2007, according to a Reuters analysis. ... Read More »