Recent News

Tesla reports Autopilot crash in China

Tesla said on Wednesday that one of its cars had crashed in Beijing while in Autopilot mode, with the driver contending sales staff sold the function as "self-driving," overplaying its actual capabilities. ... Read More »

Kontos: Wholesale Pricing Increases 4.9% in July

CARMEL, Ind. — The average wholesale used price in July was $10,362, a 2% decline from June but a 4.9% increase from year-ago period, according to ADESA Analytical Services. The strength of truck prices carried the year-over-year gains, while declines in...

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GWC Warranty Tops $400 Million in Claims Paid

WILKES-BARRE, Pa. — GWC Warranty has topped $400 million in claims paid to date, the company announced this week.The $400 million in claims paid, combined with the $3.1 billion paid by its sister-company EasyCare, brings the total amount paid by its parent...

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Self-driving cars spur heavy auto deal traffic in Silicon Valley

The auto industry's self-driving revolution has spurred the biggest two years of automotive supplier takeovers in a decade. The total value of automotive supplier deals in 2015 and 2016 was $74. ... Read More »

Online used-car startup Carvana gets $160 million in new funding

Online used-car startup Carvana, known for delivering vehicles through vending machines, said today it closed a $160 million funding round that brought the total raised to nearly half a billion dollars. ... Read More »

Investment Trust to Pay $480,000 to Settle FTC Charges It Violated U.S. Premerger Notification Requirements

Investment trust Caledonia Investments plc has agreed to pay $480,000 in civil penalties to resolve Federal Trade Commission allegations that it violated federal premerger reporting laws by failing to report its purchase in 2014 of voting shares in the helicopter...

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Investment Trust to Pay $480,000 to Settle FTC Charges It Violated U.S. Premerger Notification Requirements

Investment trust Caledonia Investments plc has agreed to pay $480,000 in civil penalties to resolve Federal Trade Commission allegations that it violated federal premerger reporting laws by failing to report its purchase in 2014 of voting shares in the helicopter...

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Former Mexico governor to face trial tied to Kia tax sweeteners

A former governor of Mexico's northern Nuevo Leon state will be tried for alleged improprieties linked to tax incentives his administration gave to South Korean carmaker Kia Motors to build a plant, a local government source said on Tuesday. ... Read More »

NHTSA’s Rosekind hits hot roads across south to push recall repairs

Frustrated by the failure of many American motorists to take cars with safety defects to dealers for repairs, NHTSA chief Mark Rosekind on Tuesday began a political campaign-style swing through southern states to push for better vehicle maintenance. ... Read More »

Leuliette wins temporary halt to Visteon lawsuit; case will go to arbitration

Former Visteon CEO Tim Leuliette appeared to win an early round in litigation with his former employer, after U.S. ... Read More »