AE eMagazine

“Ruinous” Practices Threaten Automakers, Warns FCA’s Marchionne

The U.S. auto market may be heading into a very good year, but there’s still reason to worry, cautioned FCA Chief Executive Officer Sergio Marchionne, during a well-attended media “roundtable” at the opening of the North American International Auto Show, reported The Detroit Bureau. Like other senior executives gathered for a two–day preview, Marchionne said ... Read More »

GM Financial Completes Acquisition of Ally’s International Operations

FORT WORTH, Texas — General Motors Financial Company, Inc., has announced that on Jan. 2, GM Financial, GMAC UK plc — an indirect wholly-owned subsidiary of GM Financial — and Ally Financial Inc., completed a transaction under which GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a ... Read More »

Car Shoppers Interested in Used-Vehicle Leases, Swapalease.com Finds

CINCINNATI — Swapalease.com has unveiled results of its latest survey showing that 82% of drivers across the U.S. would consider getting a used car or truck lease that was three years old. Swapalease.com is studying the consumer appetite for used leasing and presented an online survey in front of 2,500 drivers across the country during ... Read More »

Used-Vehicle Prices Remain Resilient in 2014

LAWRENCEVILLE, Ga. — According to Black Book data, the average price of a used vehicle for model years 2009 to 2013 continued to fall in December, depreciating 1% compared to November. For all of 2014, the average price fell 12.1%, a much lighter drop that the 12.8% decline recorded for all of 2013 and less ... Read More »

Feds Fine Honda $70 Million for Safety Reporting Violations

DETROIT – The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced Thursday Honda Motor Co. has agreed to pay $70 million for failing to report deaths, injuries and certain warranty claims to the federal government, reported MLive. NHTSA said the Japanese automaker was in violation of the Transportation Recall Enhancement, Accountability and Documentation ... Read More »

Mary Barra Says 1st Year as GM CEO Marked by Disappointment, Progress

DETROIT — Mary Barra says her first year as CEO of General Motors contained both disappointment and progress, as the company recalled a record number of cars and trucks but also improved its handling of safety problems, reported MLive. Barra became the first woman to lead a major automaker last January. Almost immediately GM faced ... Read More »

RoadVantage Takes a Fresh Approach to F&I Through New “True Coverage” Offering

AUSTIN, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today announced True Coverage, a fresh approach to F&I that simplifies contract language and dramatically reduces the exclusions that typically cause claims headaches for dealerships and their customers. With True Coverage, RoadVantage’s Tire & Wheel programs are now the first ... Read More »

RoadVantage Announces Turnkey Solution to Help Dealers Ensure CFPB Compliance

Austin, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today unveiled a web-based Compliance Management System (CMS) that helps dealers ensure their practices are compliant with standards set by the Consumer Financial Protection Bureau. “The CFPB has stated that it expects to see a Compliance Management System in place ... Read More »

An Interview with Dave Mathews

AT&T to Power LoJack’s Telematics Solutions

DALLAS and CANTON, Mass. — AT&T and LoJack Corp. have forged alliance that will have the communications provider powering the vehicle theft-recovery and fleet management solutions provider’s drive toward the much-hyped “The Internet of Things” concept. The concept is based on the idea that anything with a batter or power cord should have an Internet ... Read More »