Recent News

Major roadblocks still exist for driverless cars, panel says

Improving sensor technology, solving legal issues and getting real-time mapping and traffic information into vehicles are three roadblocks that need to be removed before driverless cars can take to the roads, a panel of experts concluded Monday in... ... Read More »

Hyundai taps actor Paul Rudd as new U.S. pitchman

Hyundai, in a push to appeal to younger buyers in the United States, has selected actor Paul Rudd as the brand's new celebrity pitchman. ... Read More »

MV-1 wheelchair-access vehicle now available at 107 dealerships

More than 100 dealers are now prepared to offer their customers MV-1 wheelchair-accessible vehicles, manufacturer Mobility Ventures said in a statement today. ... Read More »

Wholesale used prices down for 4th straight month, Manheim Index shows

Wholesale prices of used-vehicles declined for the fourth consecutive month in August, according to the Manheim Used Vehicle Index released today. ... Read More »

Hertz CEO Frissora steps down amid shareholder pressure

Hertz CEO Mark Frissora, who took the helm of the rental car giant after a successful stint as head of auto supplier Tenneco, stepped down today after investors pushed for his removal, citing accounting and operational missteps. ... Read More »

Texas governor says lower tax, regulatory hurdles lure companies such as Toyota, Tesla

Texas Gov. Rick Perry, a potential presidential candidate in two years, said companies such as Toyota will invest where they're least burdened by taxes and regulation. ... Read More »

Green Coffee Bean Manufacturer Settles FTC Charges of Pushing its Product Based on Results of “Seriously Flawed” Weight-Loss Study

A Texas-based company, Applied Food Sciences, Inc. (AFS), has settled Federal Trade Commission charges that it used the results of a flawed study to make baseless weight-loss claims about its green coffee extract to retailers, who repeated those claims in marketing...

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FTC Sues Pharmaceutical Companies for Illegally Blocking Consumer Access to Lower-Cost Versions of the Blockbuster Drug AndroGel

Note: A conference call for media with FTC Chairwoman Edith Ramirez will occur as follows: Date: Sept. 8, 2014 Time: 1:00 p.m. ET Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. Chairwoman Ramirez and FTC staff will...

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Judge Issues Order to Jail Two Dietary Supplement Sellers for Contempt

A federal district judge in Atlanta has issued an order finding that two dietary supplement marketers failed to comply with a previous court order that required them to recall purported weight-loss products that they deceptively pitched to consumers. The current...

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Musk anticipates another Tesla-Toyota project in 2-3 years

Tesla CEO Elon Musk says his company and Toyota could team on another 'significant' joint project in two or three years, and at higher volumes than the soon-to-end RAV4 program. ... Read More »