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Newsby AE eMagazineMarch 24, 2015

BMW Settles FTC Charges

WASHINGTON — BMW of North America has agreed to settle Federal Trade Commission charges that its MINI Division violated the Magnuson-Moss Warranty Act by telling consumers that BMW would void their warranty unless they used MINI parts and MINI dealers to perform maintenance and repair work. In an administrative complaint, the FTC alleged that BMW, ... Read More »

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Newsby AE eMagazineMarch 24, 2015

Honda Hires U.S. Engineering Firm Exponent to Probe Takata Air Bags

Honda Motor Co has hired Exponent, a U.S.-based engineering consulting company enlisted by Toyota Motor Corp during its recall crisis in 2010, to investigate the cause of ruptures in some air bags made by Takata Corp, reported Reuters. The hiring of Exponent was first reported by Japan’s Jiji News on Monday and confirmed by a ... Read More »

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Newsby AE eMagazineMarch 24, 2015

N.Y. Dealer Pleads Guilty to Felony Tax Charges

CORTLAND, N.Y. —The owner of JF Auto World, Joseph Fezza, pled guilty last week to five felony charges stemming from his collection and retention of sales taxes on vehicles he sold over a period of more than five years, and his failure to file sales tax and personal income tax returns. “With Tax Day around ... Read More »

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Newsby AE eMagazineMarch 24, 2015

Hyundai Motor Targets 5 Percent U.S. Sales Growth This Year

South Korea’s Hyundai Motor aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry’s projected growth rate, despite a consumer shift to SUVs and pick-up trucks, reported Reuters. Sales of Hyundai’s mainstay sedans, the Elantra and Sonata, have slowed in the United States as consumers take advantage of lower fuel ... Read More »

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Newsby AE eMagazineMarch 24, 2015

Preferred Warranties Names New VP of Marketing and Sales

ORWIGSBURG, Pa. — Preferred Warranties Inc. (PWI), a business unit of KAR Action Services, announced that Kathy Calderini has been selected as its new vice president of marketing and sales. Calderini brings more than 20 years of customer service, sales, training, sales management and marketing experience to PWI. She will lead PWI’s business development and ... Read More »

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Newsby AE eMagazineMarch 24, 2015

Black Book Adds Chief Technology Officer and Senior VP

LAWRENCEVILLE, Ga. — Black Book announced this month the appointment of Laird Popkin to chief technology officer and senior vice president, effective immediately. In this newly created role, Popkin has responsibility for all product development and IT operations for the entire group, which includes National Auto Research, Veretech Holdings, Inc., and Canadian Black Book. He ... Read More »

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Newsby AE eMagazineMarch 24, 2015

US Probes Effectiveness of 2 Nissan Air Bag Sensor Recalls

DETROIT — U.S. safety regulators are investigating complaints that two Nissan recalls didn’t go far enough to fix a problem with front-seat air bag seat sensors, reported The Associated Press. The probe covers nearly 990,000 vehicles in the U.S. that were recalled in 2013 and last year because computer software may not detect an adult ... Read More »

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Newsby AE eMagazineMarch 23, 2015

Spencer Capital Holdings Acquires SouthWest Dealer Services

NEW YORK – Spencer Capital Holdings, Ltd. (“Spencer Capital”), a value-oriented global holdings company, has acquired SouthWest Dealer Services (“SWDS”), a leading independent full-service provider of finance and insurance (“F&I”) products and services to auto dealers in the United States. SWDS has more than 250 employees that currently serve over 550 active dealers across 14 ... Read More »

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Newsby AE eMagazineMarch 20, 2015

DRIV Technologies Responds to GM Maintenance Cutbacks

SCOTTSDALE, Ariz. – GM announced on Wednesday, March 11, 2015 that they would reduce their coverage for their free maintenance program on Chevrolet, Buick, and GMC vehicles for 2016 model year cars. This comes in addition to extended powertrain warranty reductions for Chevrolet and GMC. Ryan Williams, President of DRIV technologies and Fidelis PPM, a ... Read More »

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Newsby AE eMagazineMarch 17, 2015

CNA National Welcomes New Chief Information Officer, Sean Harding

SCOTTSDALE, Ariz. – CNA National Warranty Corporation (CNAN) is pleased to announce Sean Harding as the company’s new chief information officer, effective March 16. “With an extensive background in both information technology and business leadership, Sean has the right combination of skills to help CNA National as we continue to improve our infrastructure and network,” ... Read More »

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