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Newsby AE eMagazineJanuary 12, 2016

Registration Open for Dealer Summit 2016

TAMPA — Organizers of Dealer Summit announced that registration is now open for the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel. “This is the event dealers have been waiting for,” said David Gesualdo, show chair and publisher of Auto Dealer Today and F&I and Showroom. “Get ready for three days of advanced education ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

Hudson Cook, LLP Adds Allen H. Denson as Partner

HANOVER, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces the elevation of Allen Denson to partner in its Washington, D.C. office. Allen has been an Associate with the Firm since January, 2014. He represents financial institutions and other creditors in investigations and litigation with federal financial ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

Why Auto Stocks Are Sinking After Car Sales’ Record Year

The past year set a record for sales of cars, but investors are signaling doubts about the companies that make them, reports The Wall Street Journal. Shares of auto makers such as General Motors Co. and Ford Motor Co. began sliding late last year. This year, they have fallen even faster than the battered broader market. Analysts and investors attribute the declines ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

COX Automotive Canada Acquires Manheim Source Edmonton

TORONTO — Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton and will continue to serve clients in its existing market. This announcement follows Cox Automotive Canada’s announcement in October that it is broadening its footprint in Western Canada. “We ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

Renault-Nissan Issues Four-Year Autonomous Vehicle Schedule

SUNNYVALE, Calif. — Renault-Nissan Alliance has announced that it will launch more than 10 vehicles with autonomous drive technology in the United States, Europe, Japan and China within the next four years. In 2016, the vehicle OEM plans to debut vehicles with “single-lane control,” a feature that allows cars to drive autonomously on highways and ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

NADA Forecasts a Record 17.7 Million New-Car Sales in 2016

DETROIT – U.S. sales of new cars and light trucks will set an all-time record in 2016, said Steven Szakaly, chief economist of the National Automobile Dealers Association. “More than 17.7 million new light vehicles will be purchased or leased this year, about a 2-percent increase from 2015, and setting back-to-back records,” Szakaly said. “It ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

Exclusive: U.S., Major Automakers to Announce Safety Accord Friday

The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and government officials. The accord could set the framework for further discussions on safety reforms and mark a new ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

Volkswagen Fix Rejected by California Board as Setbacks Grow

Volkswagen AG’s work to overcome the emissions-cheating scandal was set back after the California Air Resources Board rejected its proposed engine fix as “incomplete,” just a day before Chief Executive Officer Matthias Mueller meets regulators to discuss ways out of the crisis. “Volkswagen made a decision to cheat on emissions tests and then tried to cover ... Read More »

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Newsby AE eMagazineJanuary 12, 2016

GM Unveils Technology to Help Avoid Child Heatstroke Deaths

General Motors Co said on Tuesday it will introduce a new safety system to remind drivers to check for children in the rear seats, and that it could eventually develop features to detect forgotten children, reports Reuters. The Detroit automaker showed off its 2017 Acadia SUV that includes what it says is an industry-first feature ... Read More »

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