Recent News

Ally nearly doubles net income to $360 million in Q2

Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases. ... Read More »

Fairlane Ford dealership porter killed in parking lot incident

A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. the Dearborn Police Department said other dealership employees found the man around 7 a.m. ... Read More »

U.S. report says Tesla driver speeding in fatal Autopilot crash

A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. ... Read More »

Car Buyers and Shoppers Crave Advanced Technology, Study Shows

SOUTHFIELD, Mich. — Findings from a new IHS Automotive global consumer survey reveal that advanced technologies and increased connectivity are driving consumer preferences as they consider new vehicles.By 2020, according to the survey, connected vehicles...

... Read More »

FordDirect COO Stepping Down

DEARBORN, Mich. — FordDirect's Valerie Fuller will be stepping down as COO on Sept. 1 to pursue other opportunities, the company announced last week.Fuller’s tenure at the FordDirect spanned 11 years. During that time, she played a leadership role in...

... Read More »

Cars.com will buy DealerRater to create review giant

Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry. ... Read More »

FTC Sends Out Third Round of Redress Checks to Victims of the J.K. Publications Credit Card Fraud

First Two Mailings Were Sent to Consumer in 2009 and 2010 The Federal Trade Commission, through its claims administrator, has begun be mailing more than 321,982 checks totaling nearly $9.7 million to consumers identified as victims of an illegal credit card billing...

... Read More »

FTC Requests Public Comment on American Air Liquide Holdings, Inc.’s Application to Approve Divestiture of Assets to Aspen Air U.S. Corp.

The Federal Trade Commission is currently accepting public comments on an application by American Air Liquide Holdings, Inc. to sell to Aspen Air U.S. Corp. its assets related to production of bulk liquid carbon dioxide at facilities in Galva, and Sergeant Bluff,...

... Read More »

FTC Sends Out Third Round of Redress Checks to Victims of the J.K. Publications Credit Card Fraud

First Two Mailings Were Sent to Consumer in 2009 and 2010 The Federal Trade Commission, through its claims administrator, has begun be mailing more than 321,982 checks totaling nearly $9.7 million to consumers identified as victims of an illegal credit card billing...

... Read More »

Japan’s NSK agrees to $34.5 million settlement in price-fixing case

Japanese auto supplier NSK said it has agreed to pay $34.5 million in a settlement stemming from a class-action lawsuit over price-fixing allegations. ... Read More »