Recent News

Ally’s 2015 Originations Surpass Target Despite Loss of GM

NEW YORK — Ally Financial’s 2015 originations total remained flat from a year ago, with the former captive originating $41 billion in auto loan in 2015, the firm announced this week. But that’s losing General Motors’ subvented lease business...

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Prestatarios perjudicados por Ally reciben $80 millones en daños

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Supplier Continental recalls 5 million vehicles for defective airbag control units

German supplier Continental is recalling 5 million potentially defective airbag control units in Honda, Fiat Chrysler and other vehicles built over a five-year period, according to documents made public today. ... Read More »

Mazda says quarterly earnings ease on currency exchange impact

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit. ... Read More »

Honda will recall around 341,000 Accord sedans in U.S. over restraint system

Honda said it will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units. ... Read More »

Toyota Ends Scion Experiment

TORRANCE, Calif. — Toyota’s Scion experiment had ended, with the automaker announcing on Wednesday that the youth-geared brand will be transitioned back into the Toyota brand. The announcement comes almost 13 years after the automaker established Scion...

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Cybersecurity experts urge automakers to take steps to stop hackers

As vehicles become increasingly more connected to smartphones, infrastructure and other vehicles, it will become vital for all parties to collaborate and become informed on the risks associated with connectivity, a panel of four experts said at an... ... Read More »

Toyota Motor Credit Agrees to Lower Markup Caps to Settle CFPB Allegations

WASHINGTON, D.C. — The three-year standoff between Toyota Motor Credit Corp. (TMCC), the Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) regarding the captive’s dealer compensation policies has ended, with the finance...

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Fuel economy up slightly in January as SUV, pickup sales level off

As the sales of SUVs and pickups leveled off in January, the average fuel economy of light vehicles purchased in the U.S. that month went up from December, albeit slightly, a University of Michigan Transportation Research Institute report said. ... Read More »

Google expands self-driving car testing to Washington state

Google parent company Alphabet said its self-driving car project will expand testing to Kirkland, Wash., later this month, the third city where it is testing autonomous vehicles. ... Read More »
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