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The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA)(FCHA.MI) (FCAU.N) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed, reports Reuters. The notes, which carry a coupon of 8 percent, were redeemed at a price equal to their principal ... Read More »
Read More →LANSING, Mich. — The debate over whether motor vehicle manufacturers should be allowed to sell directly to consumers in the state has resurfaced after last year’s passage of a law that added tighter restrictions on direct-to-consumer sales. This time, the Federal Trade Commission has weighed in. Reigniting the debate over direct-to-consumer sales of motor vehicles ... Read More »
Read More →SANTA MONICA, Calif. — Edmunds.com has updated its mobile app with a new feature that allows shoppers to send text messages to dealers. Edmunds texting solution uses a phone’s native texting platform, meaning all smartphones are capable of messaging dealers without relying on any other apps. Edmunds says that 34% of car shoppers told the company ... Read More »
Read More →TARPON SPRINGS, Fla. — The publishers of Agent Entrepreneur have announced plans to release a special edition of the magazine that will recognize up-and-coming industry executives and thought leaders who are under the age of 40. The magazine is accepting nominations now. “The agency and product-provider segments create opportunities for young executives and entrepreneurs in ... Read More »
Read More →SOUTHLAKE, Texas – F&I Express is pleased to welcome CornerStone United to its rapidly growing network of aftermarket F&I product providers, now the largest provider network in the industry. CornerStone United is one the most established service plan administrators in North America. CornerStone United’s addition to F&I Express will allow dealers the ability to eRate, eContract, and eRegister all ... Read More »
Read More →SCOTTSDALE, Ariz. — For the 11th year in a row, dealers nationwide have voted CNA National as the best in its industry, resulting in the Diamond Award for Best Service Contract Provider as well as the Platinum Award for Best Reinsurance Provider in the 2015 Dealers’ Choice Awards, based on a dealership survey conducted by ... Read More »
Read More →OLDWICK, N.J. — A.M. Best has commented that the financial strength rating of A (Excellent) and the issuer credit rating of “a” for Heritage Indemnity Company (HICO) (headquartered in Lakewood, CO) remain unchanged following the recent announcement of its agreement with AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY). AmTrust has entered into ... Read More »
Read More →WEST MIDDLESEX, Pa. – Autosoft, Inc., a leading national dealer management systems (DMS) provider, announces that the MaximTrak Technologies’ F&I suite has completed the certification process for integration with FLEX DMS as part of Autosoft’s FLEX Connect program. The MaximTrak F&I suite helps dealers transform the vehicle delivery process into a more customer-friendly experience that ... Read More »
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