Recent News

MUSA Auto Finance Secures Funding Capacity of $175 Million

DALLAS — MUSA Auto Finance today announced it has entered into a $125 million warehouse facility with Goldman Sachs and secured a capital investment of up to $50 million from Crestline Investors Inc.The capital investment and warehouse facility will provide...

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Daimler shareholder demands right to be naked at annual meeting

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked. ... Read More »

March Madness: Four Brands Get TV Boost

ATLANTA — Major sporting events continue to drive web traffic to brand and dealer websites, creating a unique marketing opportunities dealers can plan for and capitalize upon, according to data collected by Autotrader and Dealer.com during the first weekend...

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Ford will record $295 million Q1 hit from two N.A. recalls

Ford said it will take a $295 million hit to its first-quarter earnings from two recalls announced Wednesday, one involving engines that could catch fire and the other involving a persistent door latch problem. ... Read More »

GM gets OK to import cars to Argentina

A unit of General Motors has reached a deal with port operator Terminal Puerto Rosario to import cars to Argentina. The agreement moves the automaker a step closer to exporting from its nearby plant. ... Read More »

Deep subprime becomes norm in car loan market, analysts say

About a third of the risky car loans that are bundled into bonds are considered 'deep subprime,' a level that has surged since 2010 and is translating to higher delinquencies, Morgan Stanley says. ... Read More »

Subaru goes bobsledding

Subaru takes a WRX STI bobsledding in the latest spot to join our weekly viral video charts. ... Read More »

Car shopping site CarGurus hires banks for stock offering, report says

CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, people familiar with the matter told Reuters. ... Read More »

JCI CEO Molinaroli was paid $46.4 million in one month, documents say

Alex Molinaroli, the CEO of Johnson Controls International, was paid $46.4 million for September 2016, but JCI won't disclose how much he received as head of the company in its last fiscal year. ... Read More »

Spireon Promotes Connected Car Veteran to SVP of Sales

IRVINE, Calif. — Telematics solution provider Spireon Inc. today announced the promotion of Reggie Ponsford to senior vice president of sales for the firm’s automotive solutions group.Ponsford previously served as the company’s vice president...

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