AE eMagazine
Administrator
MENU
SEARCHMENUSEARCHAdministrator
Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models, reported Reuters. Europe’s largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year’s projection. Operating profit ... Read More »
Read More →Washington — A group of House Democrats is reintroducing sweeping auto safety reform legislation a year after General Motors Co. recalled 2.6 million vehicles now linked to at least 57 deaths, reported The Detroit News. Rep. Jan Schakowsky, D-Ill., is reintroducing a measure that would dramatically hike the National Highway Traffic Safety Administration’s auto safety ... Read More »
Read More →Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs worldwide in order to fix a fuel-pump issue that could cause the engine to either stall or not start, reported Reuters. The U.S. arm of Fiat Chrysler said it wasn’t aware of any crashes or injuries linked to this issue. The vehicles affected ... Read More »
Read More →WASHINGTON, D.C. — Santander Consumer USA Inc. has agreed to pay at least $9.35 million to resolve a lawsuit filed by the U.S. Department of Justice (DOJ), which charged the auto finance source of violating the Servicemembers Civil Relief Act (SCRA). The complaint and the settlement, which is subject to court approval, were filed on ... Read More »
Read More →MONTGOMERY, Ala. — A county circuit judge has granted Alabama Attorney General Luther Strange a temporary restraining order against of Quality Used Cars and its associate Preowned Automotive, as well as permission to seize the dealer’s property. The dealerships have been owned and operated by Clayton and Connie Reeves since 2009. The Attorney General’s lawsuit ... Read More »
Read More →CHICAGO — The millennial generation is the fastest-growing segment of auto loan consumers, according to TransUnion’s latest auto report. Millennials — consumers born in 1981 or after — represented 27% of total auto loan originations in 2014, up from 16% of total originations in 2009. Millennials’ total outstanding auto balances have increased 23% in the ... Read More »
Read More →LAKE SUCCESS, N.Y. — Dealertrack Technologies has introduced its new Inventory+ Mobile app, an innovative and comprehensive inventory management solution that delivers a 3600 view of data insight and analytics with rich mobile and workflow capabilities for dealers. The app replaces Dealertrack’s existing TrueTarget Mobile app, and features upgraded functionality and design. In addition to ... Read More »
Read More →CARMEL, Ind. — ADESA will not participate in the automotive remarketing industry’s initiative to establish a multi-platform system (MPS) that would allow simultaneous bidding on vehicles listed on multiple online auction sites. Manheim, ADESA, and other independent auctions began developing the MPS after announcing it at 2014 Conference of Automotive Remarketing. Auction representatives formed a ... Read More »
Read More →By: Gregory Arroyo For the sixth time, President Barack Obama is taking aim at reinsurers, including in his fiscal-year 2016 budget language that would end some of the tax benefits they enjoy. Market insiders, however, believe the administration’s latest attempt to tax foreign reinsurers will once again receive little support from members of Congress. In ... Read More »
Read More →ORLANDO, Fla. – US Equity Advantage® (USEA) announced today that it is now integrated into VisionMenu, Inc.’s software selling platform for automotive dealers. “With the addition of VisionMenu, USEA now services more types of menu software systems than anyone in the industry,” said CEO Robert Steenbergh. USEA is a leading provider of biweekly payment programs ... Read More »
Read More →