Recent News

ADESA Names New GMs at 3 Auctions

ADESA has appointed Brian Wong, Mark Melton, and Eric Carpenter to the general manager post at its Flint, Las Vegas, and Colorado Springs locations. ... Read More »

Aptiv Q2 net income falls 5.8 percent

The company with a major stake in autonomous vehicle r&d said its second-quarter operating margin declined to 11.2 percent from 12.9 percent because of unfavorable impacts of foreign currency exchange and other factors. ... Read More »

Three top execs depart Cox subsidiary NextGear Capital

An interim head for the floorplan financing unit has been appointed from within the company until a permanent replacement is found. ... Read More »

FTC Encourages Consumers to Opt for Free Credit Monitoring, as part of Equifax Settlement

The Federal Trade Commission is urging consumers affected by Equifax’s 2017 data breach to consider signing up for the free credit monitoring offered as part of the settlement. A new FTC blog post notes that because of high interest in the alternative cash...

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FTC Returns More than $748,000 to Consumers Who Signed Up for a “Free” Internet Auction Kit with Hidden Charges

The Federal Trade Commission is mailing 53,595 refund checks totaling $748,070 to consumers nationwide who signed up for an online auction kit that was supposed to be free, but wasn’t. The kit actually cost consumers up to $59.95 per month if they failed to...

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Additional Defendants in Student Debt Relief Schemes Agree to Settle FTC Charges

One defendant ordered to pay more than $11 million as part of settlement Additional defendants involved with student loan debt relief schemes have been permanently banned from selling debt relief services pursuant to settlements with the Federal Trade Commission....

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GM’s transmission plant in Mich. to close in three days

While workers lament the plant closing, GM said it will have opportunities for all displaced workers at the plant to transfer to other GM operations. ... Read More »

Ford acquiring software provider Journey Holding with eye toward AV services

Journey Holding will combine with Ford-owned TransLoc to offer transportation solutions to cities. ... Read More »

Musk tweeting on Tesla production raises questions on SEC accord

The post in question concerns Tesla’s solar roof, which Musk first unveiled in late 2016 and has struggled to mass-produce. ... Read More »

Study Finds Shaky Consumer Confidence in AVs, EVs

Despite manufacturers’ best efforts, J.D. Power analysts described U.S. car buyers’ attitudes toward autonomous and electric vehicles as ‘not encouraging’ upon the release of the first-ever Mobility Confidence Index Study. ... Read More »