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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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SCHAUMBURG, Ill. — The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year, according to Experian Automotive’s latest State of the Automotive Finance Market report. Further findings from the report showed that, while still at near historic lows, 60-day loan delinquencies ... Read More »
Read More →CHICAGO — An agreement between the Chicago Automobile Trade Association and Scout Automotive Marketing will make car shopping on DriveChicago.com an even better experience for consumers. The deal, which places Scout’s Trade Express trade-in valuation tool on the DriveChciago.com site, gives shoppers a more accurate trade value for their car, with data provided by NADA ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, today announced Keith Cooper has joined the company as senior vice president of sales, effective August 11. Mr. Cooper succeeds longtime IAS executive Jeff Jagoe who has been with the company since 1995. Mr. Jagoe will assume the newly created role of ... Read More »
Read More →McLEAN, Va. – In response to the National Highway Traffic Safety Administration’s new Vehicle Identification Number (VIN) look-up tool for vehicle recall information, Forrest McConnell, chairman of the National Automobile Dealers Association and a Honda/Acura dealer in Montgomery, Ala., issued the following statement: “The new online look-up tool will help new-car dealerships identify whether a ... Read More »
Read More →LOS ANGELES — Westlake Financial Services has reached a significant milestone of $2 billion in total receivables with more than 270,000 customer accounts. The achievement was met in July 2014, which was the best production for July in Westlake history. “Having a portfolio of $2 billion dollars is a huge accomplishment,” said Don Hankey, chairman ... Read More »
Read More →The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired, reported The Detroit News. The National Highway Traffic Safety Administration said the service started Wednesday on its website, www.safercar.gov. Drivers can key in their vehicle identification number to get the results. The ... Read More »
Read More →WASHINGTON — Last week, the U.S. Department of the Treasury announced that it would continue to wind down its investment in Ally Financial by selling additional shares of common stock through its first pre-defined written trading plan. The Treasury currently holds 75,065,340 shares, or approximately 16% of Ally common stock. “Treasury’s sale of additional Ally ... Read More »
Read More →SACRAMENTO, Calif. — New-vehicle registrations in the state continued to improve during the first half of 2014 vs. 2013, according to a report from the California New Car Dealers Association (CNCDA). With an increase of 7.3% this year, California’s sales are still on track to approach 1.8 million new units. California also continues to outpace ... Read More »
Read More →Honda Motor Co., losing share in the growing U.S. auto market, chided competitors for using low-margin fleet sales and over-reliance on subprime lending to boost sales, reported Bloomberg. Excluding rental and business-fleet sales, which Honda eschews, Accord topped Toyota Motor Corp.’s Camry, the U.S. passenger-car volume leader, with 181,939 deliveries in the first half, Honda ... Read More »
Read More →General Motors Co’s website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said, reported Reuters. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition switches ... Read More »
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