Recent News

Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Six operators of a nonexistent auto finance company have been sentenced to federal prison or probation for fraudulently obtaining $1.7 million worth of loans from banks and credit unions. ... Read More »

DealerSocket Adds F&I Product Rates to Precise Price

A new integration with F&I Express brings VIN-specific F&I product rates and content to DealerSocket’s Precise Price digital retailing tool. ... Read More »

EFG’s Burrow Publishes ‘Chasing Bentleys’

Former dealership manager and current EFG Companies executive Melissa Burrow has published ‘Chasing Bentleys: The Power of Accountability in Achieving Your Goals.’ ... Read More »

Ford of Europe chairman to head Changan-Ford JV in China

Steven Armstrong, 55, will become president of the joint venture Oct. 1 to replace the retiring Nigel Harris. Ford said Armstrong's responsibilities in Europe will be distributed among Ford of Europe President Stuart Rowley and others. ... Read More »

VW CEO interested in buying Tesla stake, report says

VW CEO Herbert Diess believes the automaker could profit from Tesla's competence in the fields of batteries and software, a German business magazine said. ... Read More »

Audi to join Daimler, BMW self-driving tech alliance, report says

The automakers will cooperate on developing advanced technology for autonomous driving systems, a German business magazine said. ... Read More »

FTC Approves Final Order Imposing Conditions on UnitedHealth Group’s Proposed Acquisition of DaVita Medical Group

Order will preserve competition in the Las Vegas area of Nevada Following a public comment period, the Federal Trade Commission has approved a final order settling charges that UnitedHealth Group’s proposed $4.3 billion acquisition of DaVita Medical Group from...

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FTC Refunds Consumers Who Bought FlexiPrin Joint Pain Supplement

Case brought jointly by FTC and Maine Attorney General The Federal Trade Commission is mailing 2,897 checks totaling more than $113,000 to fully refund consumers who bought FlexiPrin, a deceptively marketed joint pain supplement. The average check amount is $39.18.In...

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Promoters of Deceptive Chain Referral Schemes Involving Cryptocurrencies Agree to Settlement with FTC

Defendants are permanently barred from multi-level marketing as part of settlement The promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program, as part of a settlement with...

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Hyundai teases concept EV for Frankfurt

The concept's angular concept, shown in a teaser image, is inspired by looking back at the company's design in the 1970s, Hyundai said. ... Read More »