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Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors’ failure to promptly report and recall cars with defective parts that led to at least 19 deaths, reported Reuters. A report released by a House committee earlier on Tuesday said officials at the National Highway Traffic ... Read More »
Read More →BOSTON — The state’s highest court on Monday upheld the right of Tesla Motors to sell directly to Massachusetts consumers, rather than through a dealership network, reported 90.9wbur. Dealers including Herb Connolly Chevrolet sued to stop Tesla from selling its high-end electric cars from its store in the Natick Mall, saying Tesla was essentially operating ... Read More »
Read More →DETROIT (AP) — The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher, reported Michigan Live. Kenneth Feinberg said Monday that he has determined that 19 wrongful death claims are eligible for ... Read More »
Read More →Dallas, TX – StoneEagle today announced that JM&A Group, one of the industry-leading providers of finance and insurance (F&I) products and robust training and compliance programs in the automotive industry, has implemented the SEcureMetrics F&I and sales reporting platform with more than 1,000 of its performing dealerships. SEcureMetrics delivers comprehensive insight into the profitability, penetration ... Read More »
Read More →Hanover, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces the addition of Lucy Morris as a partner in its Washington, DC office. Lucy brings 25 years experience in all aspects of consumer finance law and public policy. Lucy will support the firm’s enforcement and compliance ... Read More »
Read More →LAS VEGAS — At this week’s Industry Summit, F&I and Showroom named Vaden Automotive Group as its 2014 F&I Dealer of the Year. Accepting the award was Jane Vaden Thacher, who serves as the dealer principal for the Savannah, Ga.-based operation. In its 14th year, the F&I Dealer of the Year award, sponsored by The ... Read More »
Read More →ATLANTA — Cox Automotive’s new product, the DealShield Purchase Guarantee, allows Manheim customers to return a vehicle — for any reason, at any Manheim operating location, for up to 21 days — and receive a guaranteed 100% refund of the purchase price and buyer’s fees. “DealShield provides a simple and efficient solution giving buyers peace ... Read More »
Read More →CARMEL, Ind. —In August, prices were down on a year-over-year basis for the first time since the beginning of 2014, reported Tom Kontos, chief economist for ADESA Analytical Services. This was part of a softening trend in wholesale price. “This should come as no surprise, as this has been an outcome we have anticipated for ... Read More »
Read More →WASHINGTON – America’s new-car dealers convene on Capitol Hill this week to urge Members of Congress to cosponsor H.R. 5403—the Stutzman-Perlmutter bill. The National Automobile Dealers Association is urging Congress to pass a new bipartisan bill (H.R. 5403) that nullifies the Consumer Financial Protection Bureau’s flawed guidance on auto lending and requires more transparency and ... Read More »
Read More →HAMMOND, Ind. – Hundreds of workers demanding higher wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana, beginning a strike that could affect a major Ford Motor Co. assembly plant in Chicago, reported The Wall Street Journal. The Lear plant, in Hammond, makes automotive seats and employs 760 workers making ... Read More »
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