Recent News

CFPB Finalizes Small-Dollar Lending Rule

WASHINGTON, D.C. — It is rare when the auto finance industry applauds the Consumer Financial Protection Bureau for finalizing a rule, but that’s what happened today when the bureau finalized its small-dollar lending rule.The bureau said its rule is...

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US Equity Advantage Adds Four Markets

ORLANDO — US Equity Advantage (USEA) is now licensed in Mississippi, New York, Tennessee and Washington, D.C., bringing to 37 the number of states in which the company offers its AutoPayPlus biweekly loan acceleration service. Additionally, it is the only...

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UAW presses Ford to protect factory jobs amid EV push

The UAW is talking with Ford about ways to avoid layoffs as the automaker builds more electric vehicles. Ford's new CEO told investors this week the company is aiming for a 30 percent reduction in "hours per unit" to build EVs. ... Read More »

LotLinx Announces Canadian Expansion

CHICAGO — Automotive AI solutions provider LotLinx announced its expansion to Canada, launching December 1. LotLinx will offer its proprietary TURN platform, which includes the VIN-View Optimizer (VVO) to dealers across Canada. The company will launch by...

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Toyota Century enters 21st century with hybrid upgrade

Toyota is upgrading the Century, its flagship limousine in Japan, with the brand's trademark hybrid drivetrain but keeping the overall styling rooted in old school opulence. ... Read More »

Mitsubishi e-Evolution greener and smarter, thanks to AI

Mitsubishi's upcoming e-Evolution Concept not only sports a three-motor, four-wheel drive powertrain, it gets a dose of artificial intelligence to make driving safer and easier. ... Read More »

U.S. wins South Korea’s agreement to amend free-trade deal

U.S. efforts to narrow its trade gap with Korea will probably focus heavily on the auto industry, meaning the Trump administration may push to increase the number of American-made cars that can be sold in South Korea ... Read More »

Toyota plans modern take on ancient nameplate

Toyota will unwrap the future styling for one of its oldest nameplates at this month's Tokyo Motor Show with a tech-savvy take on the storied, but stodgy Crown. ... Read More »

CDK Global, CarGurus partner to promote dealer inventory

Under a new partnership, dealerships using CDK Global websites will gain inventory exposure on shopping site CarGurus, with the ability to funnel personalized ads to consumers who previously visited the platform. ... Read More »

GM more than doubles autonomous vehicle fleet in California

As the company increases the size of its test fleet, it has also reported more run-ins between its self-driving cars and human-operated vehicles and bicycles, telling California regulators its vehicles were involved in six minor crashes in the state... ... Read More »