Recent News

Mazda sets bar high for diesel-powered CX-5

Mazda wants an optional diesel engine to account for at least 10 percent of US sales of the redesigned CX-5 crossover. ... Read More »

New York state to allow autonomous vehicle testing

New York became the latest state to allow testing of autonomous vehicles on public roads and is accepting applications from companies interested in testing vehicles. ... Read More »

Death toll from Mass. auto auction crash rises to 4

A 50-year-old Massachusetts man died Wednesday as a result of injuries sustained during last week's deadly crash at an auto auction near Boston. ... Read More »

TransUnion: Auto Delinquencies Tick Up as Originations Slow

CHICAGO — In the first quarter of 2017, outstanding balances for auto loans grew at a moderate pace and delinquencies ticked up as finance sources respond to poorer loan performance among subprime and nearprime borrowers, according to the latest "Industry...

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VW CEO, chairman being probed for market manipulation

Volkswagen AG's top two executives are being investigated over allegations of market manipulation, deepening the carmaker's legal woes in connection with the diesel scandal. ... Read More »

Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

IRVINE, Calif. — Longtime retail credit executive Bill Katafias has left Wells Fargo Dealer Services. His new employer, CRB Auto, announced today that he has joined the indirect auto finance source, a division of Mechanics Bank, as CEO.Katafias, who spent...

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dealerIQ Adds Trade Appraisal Platform

ATLANTA — dealerIQ announced the release of “tradeIQ,” a proprietary online trade appraisal platform designed to drive better user engagement on dealer’s websites. By maximizing user engagement, dealers will experience less abandonment and...

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FTC Adds Cyberattack Resources for Small Businesses

WASHINGTON — The Federal Trade Commission (FTC) has launched a new website with articles, videos, and other information aimed at helping small business owners avoid scams and protect their computers and networks from cyberattacks and other threats.“Small...

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PayLink Direct, Omnisure Group Announce Merger

CHICAGO — Specialty finance and customized payment plan providers PayLink Direct and Omnisure Group have merged to create what officials described as the largest vehicle service contract (VSC) payment plan provider in the United States.Rebecca Howard, cofounder...

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Penske Automotive raises dividend — again

Penske Automotive Group has raised its dividend by a penny -- again -- to 31 cents a share ... Read More »
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