Recent News

GM renames powertrain unit to emphasize alternative technologies

GM Powertrain is no more. General Motors said today it has renamed its powertrain unit after 24 years to GM Global Propulsion Systems. ... Read More »

Aston Martin to develop first EV with China’s LeEco

Aston Martin has set up a venture with Chinese technology group LeEco to jointly develop the British luxury car brand's first electric vehicle, which could come to market in 2018, the companies said today. ... Read More »

FTC Amicus Brief Urges Appeals Court to Correct District Court Holding that Proving Injury-in-Fact Is Necessary to Establish an Antitrust Violation

The Federal Trade Commission filed an amicus brief in the U.S. Court of Appeals for the First Circuit urging the court to correct the district court’s holding that a plaintiff must prove an injury-in-fact in order to establish an antitrust violation. The amicus...

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FTC Reports on 2015 Activities to Combat Illegal Debt Collection Practices

Summary Provided to CFPB for Annual Report to Congress During the past year, the Federal Trade Commission has continued its efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and research and...

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FTC Amicus Brief Urges Appeals Court to Correct District Court Holding that Proving Injury-in-Fact Is Necessary to Establish an Antitrust Violation

The Federal Trade Commission filed an amicus brief in the U.S. Court of Appeals for the First Circuit urging the court to correct the district court’s holding that a plaintiff must prove an injury-in-fact in order to establish an antitrust violation. The amicus...

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FTC Returns Money to Consumers Harmed in Payday Loan Ploy

The Federal Trade Commission is mailing checks to consumers who lost money to a scam that promised to help consumers get payday loans, then debited their bank accounts instead, in increments of $30, without their authorization. In July 2014 at the FTC’s request,...

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FTC Reports on 2015 Activities to Combat Illegal Debt Collection Practices

Summary Provided to CFPB for Annual Report to Congress During the past year, the Federal Trade Commission has continued its efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and research and...

... Read More »

Hyundai taps Raphael as first Genesis brand chief

Hyundai, now entering the final stages of its plan to launch the Genesis luxury brand this summer, said it tapped Erwin Raphael as Genesis' first general manager in the U.S. ... Read More »

Group 1’s U.S. F&I Operations Stays Above $1,500 Per Copy in Q4

HOUSTON — Consolidation of its lender base, pre-recession level credit availability and an improving subprime financing environment drove a 4.7% and 9% fourth-quarter increase in new- and used-vehicle unit sales, respectively, for Group 1 Automotive. The...

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Exeter plucks new leaders from subprime rival Santander

Two executives have left Santander Consumer USA to take top leadership positions at Exeter Finance, the companies said today. Both lenders specialize in subprime auto lending. ... Read More »
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