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Senators Propose Chinese Connected Car Ban
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
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SEARCHMENUSEARCHJust weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
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DETROIT – General Motors has named Craig Glidden executive vice president and general counsel, effective March 1, reported MLive. Glidden, 57, replaces Michael Millikin, 66, who is retiring in July. Millikin faced harsh criticism from lawmakers on Capitol Hill for his department’s handling of GM’s ignition switch recall crisis, with one senator even wondering aloud ... Read More »
Read More →WASHINGTON — Five trade groups representing the nation’s largest auto finance sources issued a letter yesterday to the Consumer Financial Protection Bureau’s Richard Cordray, urging the director to review and respond publicly to a study that questions the bureau’s methodology for measuring disparities in dealer reserve. The letter, which even lists out three areas the ... Read More »
Read More →MANSFIELD, La. — After Mansfield Auto World reported that a car was stolen in a fraudulent online transaction, the U.S. Customs Service seized the vehicle from a freighter bound for Africa, the Shreveport Times reports. The dealership reported the fraud on Jan. 15 after two credit cards used to purchase the vehicle online were declined, ... Read More »
Read More →SANTA MONICA, Calif. — Sales of certified pre-owned vehicles hit an all-time high of 2.3 million units sold in 2014, making up 20.8% of total used-car sales at franchised dealerships, according to the latest Used Vehicle Market Report from Edmunds.com. Edmunds said it expects this trend to continue through 2015, with lease vehicles expected to ... Read More »
Read More →ATLANTA — Equifax Inc. has released its latest economic trends commentary, “Subprime Auto Loans: A Second Chance at Economic Opportunity,” which examines two groups of consumers with deep subprime credit scores over a three-year period: those who originated a subprime auto loan and those who did not. Equifax found that over the three-year time period, ... Read More »
Read More →IRVINE, Calif. — Automotive Internet company Autobytel announced last week it has made a strategic investment in GoMoto, a technology company that has developed car-shopping HUBs designed to connect consumers with dealers. GoMoto will utilize Autobytel’s investment to expand its development team and commercial efforts nationwide. For consumers, the large touchscreen HUBs bridge the gap ... Read More »
Read More →The same judge who oversaw General Motors’ 2009 bankruptcy will hear arguments Tuesday over how much of a shield the company still has against lawsuits involving vehicles and crashes from before the automaker exited bankruptcy in July 2009, most notably those vehicles with defective ignition switches, reported Detroit Free Press. U.S. Bankruptcy Judge Robert Gerber ... Read More »
Read More →WASHINGTON – The National Automobile Dealers Association (NADA), the American International Automobile Dealers Association (AIADA), and the National Association of Minority Automobile Dealers (NAMAD) today applauded the efforts of five financial services organizations to fix the serious flaws in the Consumer Financial Protection Bureau’s approach to regulating auto financing. The groups, which include the American ... Read More »
Read More →AUSTIN, Texas – RoadVantage, a rapidly growing provider of progressive F&I programs for the automotive industry, today announced the successful completion of its first SSAE 16 (SOC 1) audit. Offering a full suite of stand-alone and bundled ancillary products fully backed by an A.M. Best “A” rated insurance company, RoadVantage sought the audit to reinforce ... Read More »
Read More →SOUTHLAKE, Texas – The Association of Finance & Insurance Professionals (AFIP) announced that Ryan Cole, a senior in the Automotive Marketing and Management program at Northwood University in Midland, Michigan, was named the Jakob Murray Lange Memorial Scholarship winner for 2015. Cole was selected for the award based on his exemplary achievement as an intern ... Read More »
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