Recent News

FTC and State of Florida Sue Payment Processing Operation for Credit Card Laundering and Assisting Debt Relief Scam

The Federal Trade Commission and the State of Florida have charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from...

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Mitsubishi gives sneak peek of Outlander plug-in hybrid

Mitsubishi offered a sneak peek at the U.S. version of the Outlander PHEV plug-in hybrid crossover at an event Thursday evening ahead of the Detroit auto show. ... Read More »

GM faces first ignition-switch court trials

General Motors next week faces the first of hundreds of court trials demanding that the automaker pay for the deaths of loved ones or injuries ranging from broken bones to paralysis. ... Read More »

Hyundai to build Santa Fe Sport at Alabama plant

Hyundai will begin production of the Santa Fe Sport at its Montgomery, Ala., plant in early summer to increase supplies of the 5-passenger crossover amid a rise in light-truck demand across the industry. ... Read More »

Penske enters Japan with equity buy into luxury dealership group

Penske Automotive Group, making a foray into Japan, acquired a 49 percent equity stake in the Nicole Group, a luxury dealership group with operations in Tokyo and Kanagawa. ... Read More »

Manheim Canada acquires 100% of partnership auction site

Cox Automotive Canada, through its Manheim Canada operation, has acquired 100 percent ownership of Manheim Source Edmonton, in Edmonton, Alberta. The auction site has been renamed Manheim Edmonton. ... Read More »

Renault-Nissan Issues Four-Year Autonomous Vehicle Schedule

SUNNYVALE, Calif. — Renault-Nissan Alliance has announced that it will launch more than 10 vehicles with autonomous drive technology in the United States, Europe, Japan and China within the next four years.In 2016, the vehicle OEM plans to debut vehicles...

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Panasonic says windfall from autonomous cars still years away

Panasonic President Kazuhiro Tsuga says it will be years before autonomous systems contribute meaningfully to the company's bottom line. ... Read More »

AutoNation Reports Higher Sales, Lower Margins

FORT LAUDERDALE, Fla. — AutoNation reported new-vehicle sales for December 2015 of 35,962 units, a 9% increase from the same period one year ago. The nation’s largest publicly traded dealer group said the increase was driven by significant retail discounts...

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COX Automotive Canada Acquires Manheim Source Edmonton

TORONTO — Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton and will continue to serve clients in its existing market.This announcement...

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