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AUSTIN, Texas — On Monday, the Texas Department of Motor Vehicles Enforcement Division determined that CarGurus’ online advertisements are now in compliance with state law — after the vehicle-shopping site revised its practices. In April, the Texas DMV issued a letter to CarGurus advising that the way it lists used-car prices on its website violated ... Read More »
Read More →WOODCLIFF LAKE, N.J. — Total new-vehicle sales in April increased 0.6% compared with a year ago to 1.45 million units, according to Autodata Corp. April’s seasonally adjusted annual rate was 16.5 million units – down from last month’s SAAR of 17.15 million. The following is a breakdown of sales performance by manufacturer: BMW: BMW Group ... Read More »
Read More →TORRANCE, Calif. — The publishers of Auto Dealer Monthly magazine have announced the winners of the 11th annual Dealers’ Choice Awards. The program recognizes the industry’s best product and service providers and are voted on exclusively by dealers and dealership personnel. “This year’s awards produced a record number of participants, votes and awards,” said David ... Read More »
Read More →Staff members at the Federal Trade Commission are imploring Michigan to open the door to direct sales by Tesla Motors Inc. and other car makers, reported The WSJ. In a letter sent to Michigan state Sen. Darwin Booher by the commission staff members, the agency urges the state legislature to “consider abandoning the direct sales ... Read More »
Read More →Audi was the world’s biggest seller of luxury cars in April, edging out BMW AG’s namesake brand and fast-growing Mercedes-Benz, reported Bloomberg. Bolstered by U.S. demand for the Audi Q5 and Q7 sport utility vehicles, the Volkswagen AG unit’s deliveries rose 2.5 percent to 152,850 cars last month, compared with BMW’s 5.6 percent increase to ... Read More »
Read More →NEW YORK — AmTrust Financial Services Inc. announced today that it has entered into a definitive agreement to acquire F&I product provider Warranty Solutions from Wells Fargo for $152 million in cash. Pending regulatory approval, the deal is expected to close in the third quarter 2015. Warranty Solutions was part of Wachovia Dealers Services when ... Read More »
Read More →DETROIT, MI – Ford Motor Co. said Tuesday it is recalling 12,300 F-150 pickup trucks from the 2015 model year for a potential steering issue, reported MLive. The Dearborn automaker said the safety recall involves “an upper I-shaft that might have been riveted improperly, potentially causing it to separate.” If that happens, it could result ... Read More »
Read More →Advisory firm ISS has recommended that BMW shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker’s supervisory board, newspaper Frankfurter Allgemeine Sonntagszeitung reported, reported Reuters. ISS said BMW would go against general corporate governance practice with the appointment as there will be no cooling off period between ... Read More »
Read More →Toyota Motor Corp and Mazda Motor Corp are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations, reported Reuters. The two Japanese automakers already have a technology and production tie-up, and Toyota was now considering providing fuel-cell ... Read More »
Read More →Fiat Chrysler Automobiles has asked for a new trial following one that ended early in April with a Georgia jury awarding $150 million to the family of a 4-year-old boy killed in a fiery crash involving at 1999 Jeep Grand Cherokee, reported Reuters. Evidence and the law did not support that verdict in April, the ... Read More »
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