Recent News

Eberspaecher expands Michigan exhaust plant

Automotive exhaust and HVAC supplier Eberspaecher is tripling the size of a Michigan factory that produces parts for heavy-duty trucks as it looks to expand business with medium-duty truckmakers and North American light-vehicle makers. ... Read More »

Penske doubles up in Italy, buys 8 dealerships

Penske Automotive Group is expanding its European presence with the purchase of eight dealerships in Bologna, Italy. The dealerships sell Porsche, Audi, Land Rover and Volvo vehicles in the northern Italian market of Bologna. ... Read More »

Black Book: Truck Segment Showing Higher Depreciation

LAWRENCEVILLE, Ga. — Last week, cars showed better retention that they did the previous four weeks, while trucks depreciated more than they have during that same timeframe, Black Book reported today.Car values decreased by 0.57% last week, lower than the...

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ADESA Announces Management Changes at Three Florida Auctions

CARMEL, Ind. — This week, ADESA announced changes to the management teams at three of its Florida auction locations.Jeff York, the previous general manager of ADESA Sarasota, will now lead ADESA Orlando as general manager, while Curt Farris, the previous...

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Chase Teams With TrueCar on New Vehicle-Shopping Portal

NEW YORK — Chase announced the launch of Chase Auto Direct, a new online portal powered by TrueCar that will allow Chase customers to shop for a vehicle and secure financing. The portal will then direct buyers to a dealership in the Chase network with inventory...

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U.S. transport chief says automakers will back self-driving car oversight

U.S. Transportation Secretary Anthony Foxx said he expects automakers and tech companies will comply with voluntary guidelines his department issued last month for autonomous vehicles. ... Read More »

Newer Ford F-150s being probed by U.S. for brake issues

U.S. vehicle safety regulators have opened an investigation into complaints of brake problems in an estimated 282,000 recent model year Ford F-150 pickup trucks, the National Highway Traffic Safety Administration said on its website. ... Read More »

Honda irking Takata stakeholders by going slow on sale, report says

As airbag supplier Takata courts buyers to resolve the auto industry's biggest recall ever, stakeholders are getting frustrated with the speed of decision-making by top customer and shareholder Honda, people with knowledge of the deliberations told... ... Read More »

U.S. Court Finds in FTC’s Favor and Imposes Record $1.3 Billion Judgment Against Defendants Behind AMG Payday Lending Scheme

At the request of the Federal Trade Commission, a federal court has found that racecar driver Scott A. Tucker and several corporate defendants in a Kansas City-based payday lending scheme violated Section 5 of the FTC Act and has ordered them to pay $1.3 billion...

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FTC, State of Georgia Charge Operators of Electronics Buyback Scheme with Bilking Consumers out of Millions

The FTC and the State of Georgia have charged Laptop & Desktop Repair, LLC, an electronics buyback company that specializes in buying consumers’ used smartphones, tablets and other devices, and its owner, Vadim Olegovich Kruchinin, with deceiving consumers...

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