Recent News

Managing someone else’s money: New protection from ID theft and fraud

If you manage someone else’s money, a new law lets you request a credit freeze on their behalf to help protect them from identity theft and fraud. ... Read More »

Sonic Automotive President and CEO Resigns, Successors Named

CHARLOTTE, N.C., — Sonic Automotive Inc., a leading automotive retailer, announced that co-founder B. Scott Smith has resigned as Chief Executive Officer and President of the company. Smith, who spent more than 21 years as a director and executive officer,...

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Sonic CEO Scott Smith Steps Down, Successors Named

CHARLOTTE, N.C., — Sonic Automotive announced that co-founder B. Scott Smith is stepping down as CEO and president of the company. Smith, who spent more than 21 years as a director and executive officer, will remain with the company to ensure a smooth...

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Sonic CEO Scott Smith steps down, succeeded by brother

Sonic Automotive CEO Scott Smith is stepping down and the nation's fifth-largest auto retailer said it promoted his brother, David Smith, to CEO and named Jeff Dyke as president. ... Read More »

Volvo’s retooled V60 Cross Country keeps to off-road script

The redesigned 2020 Volvo V60 Cross Country has all the design cues that have been staples of Volvo's Cross Country variants: increased ground clearance, black body cladding and standard all-wheel drive. ... Read More »

UAW’s Josh Nasser voices muted support for Trump trade policy

The UAW is reserving judgment on the Trump administration's consideration of 25 percent tariffs across all auto and auto parts imports, Legislative Director Josh Nasser told a Senate panel. ... Read More »

Spireon: Impounds a ‘Billion-Dollar Problem’ for Dealers

IRVINE, Calif. — Vehicle intelligence provider Spireon has published “Impound Storage Fees, a Billion-Dollar Problem,” billed as the first report of its kind to address the costs to consumers, dealers, and lenders associated with vehicle impounds....

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Cox: September Sales to Decline 7.2% From Year-Ago Levels

ATLANTA — September’s new-vehicle sales pace is expected to rise to 17.1 million units, according to Cox Automotive. If realized, the firm’s forecast would be an improvement over August’s 16.6 million sales rate. The gain, however, might...

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AGWS Earns BBB Recognition, Grows F&I and Agent Events

WARRENVILLE, Ill. — American Guardian Warranty Services Inc., part of the American Guardian Group of Companies and a provider of F&I products, today announced the achievement of key milestones in honor of its 20th anniversary, including award nominations,...

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Ford expands partnership talks with VW, Mahindra to cut costs

A key part of Ford's plan to save money calls for deepening partnerships with other automakers around the world to share factory floor capacity and develop vehicles together, Ford executives told Reuters. ... Read More »