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Newsby AE eMagazineMarch 10, 2015

Ga. Legislators Table Tesla Bill

ATLANTA — A subcommittee of the House Motor Vehicles Committee voted March 4 to table House Bill 393, which would have allowed Tesla to continue selling its electric vehicles directly to Georgia’s residents. The state’s dealers were behind the move to freeze the bill, The Atlanta Journal-Constitution reports. Georgia law typically prohibits manufacturers from selling ... Read More »

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Newsby AE eMagazineMarch 10, 2015

Consumers Relying on Financing, Experian Reports

SCHAUMBURG, Ill. —Consumers are relying on financing more than ever to buy their next vehicle, according to Experian Automotive. The firm’s latest State of the Automotive Finance Market report shows that the percentage of new vehicles purchased with financing in the fourth quarter of 2014 increased over the previous year to reach 84%. Used vehicles ... Read More »

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Newsby AE eMagazineMarch 9, 2015

Autosoft, Inc. Certifies StoneEagle Technology Solutions For Integration with FLEX DMS

WEST MIDDLESEX, Penn. – Autosoft, Inc., a leading national dealer management systems (DMS) provider, announced that StoneEagle has completed the certification process for integration with the FLEX DMS as part of Autosoft’s FLEX Connect program. StoneEagle offers fully supported web-based applications that help dealers manage performance, accountability and production across their F&I and service operations. ... Read More »

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Newsby AE eMagazineMarch 6, 2015

CNA National is Named a Finalist in the 2015 BBB Business Ethics Awards

SCOTTSDALE, Ariz. – CNA National Warranty Corporation (CNAN) has been selected as a finalist in the 2015 Better Business Bureau Business Ethics Awards, sponsored by the BBB of Central, Northern and Western Arizona. “We are honored to be a finalist for this distinguished award,” says Joe Becker, president and CEO. “Since its founding in 1982, ... Read More »

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Newsby AE eMagazineMarch 6, 2015

GSFSGroup Hires New Compliance Director

HOUSTON – With an extensive career in diverse areas of the automotive industry, Lewis Kuhl brings a high level of expertise as the Senior Counsel and Director of Regulatory Compliance for GSFSGroup. He has responsibility for ensuring that the F&I products and each company are in compliance with the laws and regulations of each state ... Read More »

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Newsby AE eMagazineFebruary 27, 2015

VW Keeps Profit Outlook, Raises Sales Target After Record Earnings

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 »

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Newsby AE eMagazineFebruary 27, 2015

Democrats Reintroduce Auto Safety Reform Bill

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 »

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Newsby AE eMagazineFebruary 27, 2015

Fiat Chrysler Says Recalling 467,500 SUVs Worldwide

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 »

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Newsby AE eMagazineFebruary 27, 2015

Santander Agrees to $9.35 Million DOJ Settlement

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 »

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