Recent News

CUDL: Subprime Pullback Opens Door for Market Share Gains for Credit Unions

ONTARIO, Calif. — With banks retreating from all risk tiers, the auto finance market is primed for credit unions to increase their share and broaden their risk spectrum. That was executive Michael Cochrum message to credit union during CU Direct (CUDL)’s...

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Hyundai U.S. sales chief Hatami is out

Derrick Hatami is leaving his job as U.S. sales chief at Hyundai Motor America, following a tough sales month for the Korean automaker. ... Read More »

Uber fires more than 20 employees in harassment probe, report says

Uber told employees that more than 20 people have been fired after a company investigation into sexual harassment claims, a person familiar with the matter told Bloomberg. ... Read More »

JM Family Promotes Brown, Burns

DEERFIELD BEACH, Fla. — JM Family Enterprises announced that Colin Brown, who has served as both president and CEO since 2003, will become chairman of the company’s board of directors and remain CEO. Brown will continue to oversee the development...

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MaximTrak Wins Third Straight Dealers’ Choice Award

WAYNE, Pa. — F&I platform provider MaximTrak Technologies has once again been named a Dealers’ Choice Award winner by the readers of Auto Dealer Today magazine, a sister publication of F&I and Showroom.To vote, dealers and dealership personnel...

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Covisint to be acquired by Canadian software company for $103 million

Canadian software company OpenText said it is acquiring Covisint -- an information technology supplier with deep automotive roots -- in a transaction valued at $103 million. ... Read More »

GMC launches ad campaign with ‘Like a Pro’ tag line

GMC is trying to make more of an emotional appeal to consumers by launching an ad campaign that focuses on its buyers' lives with their vehicles, using the tag line "Like a Pro." ... Read More »

Carvana: Cars in vending machines, a fading IPO and an ex-con behind them

Who wants to buy a used car from a vending machine? Investors will get some answers on Tuesday when Carvana releases its first earnings report since going public. ... Read More »

Lyft, Nutonomy partner to offer autonomous rides in Boston

Ride-hailing company Lyft will soon begin picking up customers in self-driving cars in Boston, when it begins working through a research partnership with autonomous vehicle startup NuTonomy. ... Read More »

FTC and DOJ Case Results in Historic Decision Awarding $280 Million in Civil Penalties against Dish Network and Strong Injunctive Relief for Do Not Call Violations

As the result of Do Not Call (DNC) litigation brought by the U.S. Department of Justice on behalf of the Federal Trade Commission, as well as the states of California, Illinois, North Carolina, and Ohio, a federal court in Illinois has ordered penalties totaling...

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