Recent News

AutoNation’s Q2 net rises 12% on 8% revenue gain

AutoNation posted a double-digit gain in second-quarter net income but fell shy of analysts' profit expectations as digital investment drove expenses higher. ... Read More »

‘King of Lemon Laws’ Celebrates Tesla Settlement

MILWAUKEE — A lawyer who filed a lemon law claim against Tesla Motors announced over the weekend that the electric carmaker has agreed to buy back his client’s defective Model S, plus reimburse $18,500 in legal fees.Attorney Vince Megna — the...

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Wise F&I Integrates ONWise With F&I Express

ST. LOUIS, Mo. — Wise F&I LLC has announced the online integration of their Contract Administration Portal with F&I Express to provide a seamless experience for automotive dealers.Through the integration of ONWise and F&I Express, dealers have...

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CU Direct Credit Unions Post 25.4% Increase in Q1 Originations

ONTARIO, Calif. — Credit unions on the CU Direct Auto Lending Network represented the fourth largest auto lending segment during the first quarter 2014, growing their origination count by 25.4% from a year ago to 282,741 loans, CU Direct recently reported.The...

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Fidelis PPM Partners with National Auto Care

LAKEWOOD, N.Y. — Fidelis PPM has partnered with National Auto Care (NAC). The partnership will provide National Auto Care with the ability to add a custom-branded prepaid maintenance program to its product roster.“When we look to form partnerships,...

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Credit Union Pulls Ad Campaign Slamming Rate Markups

MELBOURNE, Fla. — In a media campaign that launched on June 9, Space Coast Credit Union (SCCU) took aim at an auto lending practice that has had the Consumer Financial Protection Bureau (CFPB) breathing down the necks of finance sources: rate markups. The...

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GM’s top lawyer, Delphi CEO face Senate panel over delayed recalls

GM's top lawyer and the CEO of Delphi Automotive today will speak publicly for the first time about GM's recall of 2.6 million vehicles for faulty ignition switches. ... Read More »

Barra defends GM’s top lawyer as senators press for more legal staff changes

GM has not done enough to overhaul its legal department in the wake of its recall crisis, several U.S. senators said today as they pressed GM CEO Mary Barra to fire the automaker's top lawyer. ... Read More »

Automated cars may boost urban sprawl, fuel use, Toyota scientist says

Toyota says the appeal of autonomous cars carries the risk of adding to urban sprawl and pollution as they may encourage commuters to travel farther to work. ... Read More »

Nissan’s Ghosn offers auto-driving reality check

Nissan CEO Carlos Ghosn, whose company made waves last year by pledging to develop autonomous cars by 2020, today dialed back those expectations. ... Read More »