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Daimler AG made 40,061 vans from 2005 to 2008 with airbags that must be replaced, the National Highway Traffic Safety Administration said, reported by Bloomberg Business. The affected vehicles, the 2007-2008 Freightliner Sprinter 2500 and 3500 and the 2007-2008 Dodge Sprinter 2500 and 3500, were manufactured from July 1, 2005, to July 31, 2008, and ... Read More »
Read More →WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB)’s proposal to extend its supervision to any nonbank auto finance company that makes, acquires or refinances 10,000 or more loan or leases in a year has cleared its last hurdle, with the bureau publishing this week its finalized rule and the examination procedures it will follow ... Read More »
Read More →ATLANTA & LAKE SUCCESS, N.Y.- Cox Automotive, Inc., a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry, and Dealertrack Technologies, Inc., a leader in software solutions and services for automotive retailers, today announced that they have entered into a definitive merger agreement, reports BusinessWire. Cox Automotive will acquire Dealertrack in ... Read More »
Read More →MAPLE SHADE, N.J. — Holman Automotive Group acquired Audi Willow Grove in Willow Grove, Pa. The dealership is now the second Audi store under the Holman brand. Audi Willow Grove was owned and operated by Don Rosen, who has been affiliated with the Audi brand for over two and a half decades. Under his leadership, ... Read More »
Read More →FARMINGTON HILLS, Mich. — RouteOne has announced that Southeast Toyota Finance, a provider of automotive financing to 176 Toyota dealers in the Southeastern United States, is now available on its automotive finance platform. “We are excited to welcome Southeast Toyota Finance to our platform,” said RouteOne CEO Mike Jurecki. “This integration brings our Toyota dealers ... Read More »
Read More →The National Highway Traffic Safety Administration admitted Friday it made a series of errors in its handling of General Motors Co.’s delayed recall of 2.6 million cars with faulty ignition switches linked to 109 deaths and more than 200 injuries, reports The Detroit News. The federal agency pledged to make significant reforms. NHTSA is bracing ... Read More »
Read More →Japanese automaker Mazda Motor Co. said Friday it is recalling nearly 540,000 cars and pickups in North America for air bag inflators that can explode, adding to the massive recall of vehicles with potentially defective Takata Corp. air bags, reports The Detroit News. Recalled cars include the 2003-08 Mazda 6, 2006-07 MazdaSpeed 6 and the ... Read More »
Read More →DETROIT – At least 400,000 of the 4 million replacement inflators for defective Takata air bags will need to be replaced again in U.S. vehicles, sources at the Japanese safety equipment maker and the U.S. safety watchdog told Reuters. Another 500,000 of those parts appear to be safe, according to U.S. safety regulators, leaving the ... Read More »
Read More →ATLANTA — According Equifax’s latest National Consumer Credit Trends Report, new auto loan originations have reached record highs, while severe delinquency rates fell to their lowest level in nearly a decade, reports F&I and Showroom. At the same time, auto leasing has surged as consumer demand for new vehicles remains strong. The severe delinquency rate ... Read More »
Read More →ISELIN, N.J. — Superior Integrated Solutions (SIS), an integration provider for auto dealerships, announced that it is the largest integrator for the Dealertrack Technologies Opentrack platform, with more than 1 million real-time transactions a day, reports F&I and Showroom. Opentrack allows dealers to choose from more than 100 best-in-class solution providers to help streamline operations, ... Read More »
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