Recent News

Mobile Advertising Network InMobi Settles FTC Charges It Tracked Hundreds of Millions of Consumers’ Locations Without Permission

Company Will Pay $950,000 For Tracking Children Without Parental Consent Singapore-based mobile advertising company InMobi will pay $950,000 in civil penalties and implement a comprehensive privacy program to settle Federal Trade Commission charges it deceptively...

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FTC Returns More Than $6 Million to Consumers Who Bought Infomercial Marketer Kevin Trudeau’s Weight-Loss Book

The Federal Trade Commission is mailing checks totaling approximately $6.3 million to consumers who bought Kevin Trudeau’s book, “The Weight Loss Cure ‘They’ Don’t Want You to Know About.” In 2009, a federal judge ordered Trudeau to repay millions...

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Nissan reviews Mitsubishi fuel economy claims as due diligence continues

Nissan is looking into whether Mitsubishi Motors may have faked fuel economy figures outside of Japan as part of Nissan's due diligence review of the company before finalizing its plan to buy a 34 percent stake for 237 billion yen ($2.28 billion). ... Read More »

Tesla dangles up to $2.8 billion in stock to buy solar panel maker SolarCity

Tesla offered to acquire solar panel maker SolarCity in an all-stock deal worth as much as $2.8 billion as the EV maker looks to get into the market for sustainable energy for homes and businesses. ... Read More »

Faraday cleared to test self-driving cars on California roads

Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state. ... Read More »

Making the Final Round

A communications person recently emailed me about our annual F&I Dealer of the Year contest. He wanted to know what the magazine team looks for when making our selections. With the deadline to nominate a dealership quickly approaching (July 9), I thought I’d...

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North American Car and Truck/Utility of the Year jury adds SUV award

As more consumers focus on SUVs and crossovers, so too will one of the auto industry's most coveted awards. The North American Car and Truck/Utility of the Year jury has added SUVs to the mix and will now hand out three awards for car, truck and SUV. ... Read More »

410 Franchised Dealerships Offering Auto Repair Financing Product

BOULDER, Colo. — Confident Financial Solutions (CFS)'s auto repair financing program has experience strong growth this year. It now has1,000 retailers in 36 states offering its product, including 410 franchised new-car dealers, according to a company press...

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CarMax quarterly earnings slide 3.6% despite revenue gain

CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas. ... Read More »

RouteOne Brings Econtrating to Southeast Toyota Finance Dealers

FARMINGTON HILLS, Mich. — RouteOne announced this week that Southeast Toyota Finance, a provider of automotive financing for 176 dealers in the southeastern United States, will now include eContracting on its automotive finance platform.  “We have...

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