Recent News

No Tanking Here

I didn’t know what to expect. F&I Think Tank wasn’t my first rodeo, but the one-day event was different: Not only were we asking attendees to stick with us for nine straight hours, we were asking them to get in the discussion. Well, according to...

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Thanks for the Memories

Late last year, when the publishers of this magazine approached me with an idea for a springtime training event, I was pretty excited. Dealer Summit was scheduled to start on May 3, and they wanted to kick it off with F&I Think Tank, an all-day, pre-conference...

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Auto financiers tapping the brakes on subprime lending

Executives at some of the biggest banks in auto lending said at a conference this week that they're tapping the brakes on subprime lending, especially at the lower end of the credit spectrum. ... Read More »

RouteOne Names New CEO

FARMINGTON HILLS, Mich. — Less than three weeks after losing its 14-year CEO to FordDirect, RouteOne announced today that its board of directors has selected Justin Oesterle as the company’s new CEO. Oesterle will also serve as chairman and CEO of RouteOne...

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Planet M aims to shift Michigan’s orbit from manufacturing to mobility

Michigan, while still the world's largest automotive epicenter, is changing, and the state's leaders, business and political, must make way for an industry with shrinking labor needs and greater emphasis on talent and technology. ... Read More »

U.S. fuel economy improves in May despite weak car sales

Despite the drop in car sales in May, the average fuel economy of light vehicles purchased in the U.S. last month still rose from April, a University of Michigan Transportation Research Institute report said. ... Read More »

Faurecia opens Ky. plant to build Ford Super Duty seats

Faurecia SA, the French auto supplier, is inaugurating a new seat plant today in Simpsonville, Ky. The plant will supply complete seat systems for the Ford Super Duty pickup, made at the Ford Motor Co. Kentucky Truck Plant in nearby Louisville. ... Read More »

FTC Charges Gold, Silver Investment Scheme with Fraud

Defendants Allegedly Failed to Deliver Orders as Promised The Federal Trade Commission charged a nationally advertised gold and silver marketing operation with bilking millions from consumers.  The FTC seeks to recover money from the defendants to return to their...

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FTC Staff Provides Response to NTIA Request for Comment on Internet of Things

Federal Trade Commission staff filed a comment today with the Department of Commerce’s National Telecommunications and Information Administration (NTIA) regarding the agency’s request for comment on the benefits, challenges and role of government in fostering...

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FTC Charges Gold, Silver Investment Scheme with Fraud

Defendants Allegedly Failed to Deliver Orders as Promised The Federal Trade Commission charged a nationally advertised gold and silver marketing operation with bilking millions from consumers.  The FTC seeks to recover money from the defendants to return to their...

... Read More »