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DETROIT – The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced Thursday Honda Motor Co. has agreed to pay $70 million for failing to report deaths, injuries and certain warranty claims to the federal government, reported MLive. NHTSA said the Japanese automaker was in violation of the Transportation Recall Enhancement, Accountability and Documentation ... Read More »
Read More →DETROIT — Mary Barra says her first year as CEO of General Motors contained both disappointment and progress, as the company recalled a record number of cars and trucks but also improved its handling of safety problems, reported MLive. Barra became the first woman to lead a major automaker last January. Almost immediately GM faced ... Read More »
Read More →AUSTIN, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today announced True Coverage, a fresh approach to F&I that simplifies contract language and dramatically reduces the exclusions that typically cause claims headaches for dealerships and their customers. With True Coverage, RoadVantage’s Tire & Wheel programs are now the first ... Read More »
Read More →Austin, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today unveiled a web-based Compliance Management System (CMS) that helps dealers ensure their practices are compliant with standards set by the Consumer Financial Protection Bureau. “The CFPB has stated that it expects to see a Compliance Management System in place ... Read More »
Read More →DALLAS and CANTON, Mass. — AT&T and LoJack Corp. have forged alliance that will have the communications provider powering the vehicle theft-recovery and fleet management solutions provider’s drive toward the much-hyped “The Internet of Things” concept. The concept is based on the idea that anything with a batter or power cord should have an Internet ... Read More »
Read More →DALLAS, Texas — The National Independent Automobile Dealers Association (NIADA) and EFG Companies have announced a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. Independent auto dealers operate in a highly fragmented F&I product market where there is an abundance of products, but a lack of relevant and consistent dealership ... Read More »
Read More →Looking at December used-vehicle sales, CNW Research noted that a growing percentage of shoppers are searching for vehicles outside of their local market. The research firm also noted that shoppers motivated by online advertising outpaced print newspapers for the first time. Compared to November, 23% more buyers in December went to neighboring areas to make ... Read More »
Read More →DETROIT – Sales of new vehicles in the U.S. last year grew by 6 percent to 16,522,000 units, according to AutoData Corp., marking the highest rate since 2006, reported MLive. For the Detroit Three, sales rose for both General Motors, which sold more vehicles in the U.S. than any other automaker in 2014, and for ... Read More »
Read More →Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ global expansion plans, narrowly met its goal of selling one million vehicles in 2014, the Jeep brand chief said on Tuesday, reported Reuters. Jeep’s worldwide sales were 1,017,019 last year, up 39 percent from 2013 and a record for the brand. Sales rose 41 ... Read More »
Read More →BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes, reported Reuters. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. The BMW ... Read More »
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