Recent News

Update: Ford to Restart Truck Production

DEARBORN, Mich. — Ford Motor Co. will resume production of its F-150 in Michigan on Friday and Super Duty trucks in Kentucky on Monday, following a week of downtime that resulted from a fire at the factory of parts supplier Meridian Magnesium Products of...

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Freed From CFPB Order, Toyota Financial to Raise Markup Caps

PLANO, Texas — Toyota Motor Credit Corp. announced it will raise dealer markup caps after earning early termination from three-year consent orders the captive finance company entered into with the federal Consumer Financial Protection Bureau and the U.S....

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Tesla may require $10 billion in funding by 2020, Goldman says

Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla's operations, new products and an expected expansion into China, according to Goldman Sachs Group. ... Read More »

Alpha’s Rosenvall Named Executive of the Year

RIVERTON, Utah — Alpha Warranty Services’ CEO, Steve Rosenvall, was honored as Executive of the Year, receiving a Bronze Stevie Award, in the 16th Annual American Business Awards, announced May 2.“I’m honored and humbled to be recognized...

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Luckett Joins Portfolio as Managing Director

LAKE FOREST, Calif. — Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, announced this month that John Luckett has joined Portfolio as a managing director for sales and agent development. Luckett was formerly...

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FTC Testimony Highlights Agency's Work to Protect Consumers, Promote Competition

In testimony before the Senate Appropriations Subcommittee on Financial Services and General Government, the Federal Trade Commission described its work to protect consumers and promote competition through vigorous enforcement, education, advocacy, and policy...

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FTC Announces Refund Claim Process for Consumers Who Bought the NutriMost Weight-Loss System in the Pittsburgh Area

The Federal Trade Commission today announced a refund claim process in its case against NutriMost. The Commission has posted a refund claim form online. Consumers who bought the NutriMost Ultimate Fat Loss System in the Pittsburgh, Pennsylvania area between October...

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U.S. safety agency to probe Tesla crash in Utah

NHTSA is sending a team to investigate the crash of a Tesla vehicle last week in Utah that the driver said occurred while the car was in autopilot mode. ... Read More »

Ford to restart F-150 output Friday following supplier fire

Ford will restart production of the F-150 at a Dearborn, Mich., factory on Friday, and a Kansas City plant by Monday, after more than a week of downtime resulting from a fire at a key parts supplier. ... Read More »

U.S. pushing for NAFTA deal as Thursday deadline approaches

The United States is pushing for a deal in negotiations on a revised NAFTA, the White House said. Canadian and Mexican officials were not due in Washington for talks before a Thursday deadline. ... Read More »
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