Recent News

3 Ways to Improve Training in Your Store

In a recent survey of vehicle sales professionals, 95.4% of respondents indicated that training plays a big part in their career development. No surprise there. But 18.4% of them said that it never happens in their dealership.Every dealership has meetings, but...

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Bruce Coventry promoted to managing partner at Motormindz

Engine guru Bruce Coventry has been elevated to the role of managing partner at Motormindz to lead its automotive manufacturing and technology practice. ... Read More »

Magna, Renesas team to make 3D cameras for entry-level vehicles

Canadian global supplier Magna is partnering with Japan's Renesas to develop a more cost-efficient 3D surround-view system designed for entry- and mid-range vehicles. ... Read More »

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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