Recent News

EFG Companies Adds OEM and Reinsurance Veteran to Leadership Team

DALLAS — F&I product provider EFG Companies has Richard Christensen as vice president of product development. According to the company, Christensen brings 25 years of experience in the automotive retail industry and reinsurance business.Christensen most...

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Auto industry must do more to close gender gap in leadership roles, report finds

The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm. ... Read More »

China’s GAC looks to Fiat Chrysler to help enter U.S.

China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales. ... Read More »

Ford profits soar on F-150 sales, Europe rebound

Ford posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 pickup and a retooled lineup of SUVs. Ford shares rose 1.3 percent in early trading. ... Read More »

FTC Charges Education Lead Generator with Tricking Job Seekers by Claiming to Represent Hiring Employers

Settlement Bans Operators of Gigats.com from Deceptive Lead Generation Tactics In the agency’s first enforcement action against an education lead generator, operators of Gigats.com have agreed to settle Federal Trade Commission charges that the company claimed...

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FTC Charges Education Lead Generator with Tricking Job Seekers by Claiming to Represent Hiring Employers

Settlement Bans Operators of Gigats.com from Deceptive Lead Generation Tactics In the agency’s first enforcement action against an education lead generator, operators of Gigats.com have agreed to settle Federal Trade Commission charges that the company claimed...

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Mitsubishi says 2013-17 audit showed no U.S. testing flaws

Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017. ... Read More »

April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 million

U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. ... Read More »

Superior Industries more than triples Q1 net income

Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments. ... Read More »

N.Y. Dealer Admits to Falsifying Auto Loan Applications

SYRACUSE, N.Y. — The part owner and CEO of a New York-based auto group pleaded guilty last month to submitting false statements on auto finance documents to influence a financial institution.Gerald McDonald, part owner and CEO of Parkway Country Polaris,...

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