AE Magazine
MENU
SEARCHMENUSEARCH
Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW, reported Reuters. The Swedish carmaker, controlled by China’s Geely, will gradually introduce web sales and spend more on digital advertising, it said as it outlined changes to its global marketing ... Read More »
Read More →ATLANTA — Based on consumer credit data collect by Equifax through November, the five-year run of debt deleveraging might be over. The credit reporting agency reported this week that nonmortgage credit balances reached their highest level since the Great Recession in November, totaling $3.1 trilling. Showing the biggest increase were credit balances for auto loans. ... Read More »
Read More →SOUTHFIELD, Mich. — In a Dec. 9 regulatory filing, Credit Acceptance Corporation revealed that it has received a civil investigative subpoena from the U.S. Department of Justice (DOJ). The subpoena requires the finance source produce certain documents related to auto lending practices in the subprime market. Earlier in the month, Credit Acceptance received a civil ... Read More »
Read More →U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA), reported Reuters. Italian automaker Fiat SpA took management control of Chrysler in 2009 after the American company emerged from government-sponsored bankruptcy. Earlier this year Fiat completed ... Read More »
Read More →DETROIT – The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch has risen to 42, reported MLive. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars that has led to a massive recall ... Read More »
Read More →ATLANTA and WALTHAM, Mass. — DealerRater, the car dealer review website for consumers, announced today it has partnered with AutoTrader.com to bring dealership reviews to the car shopping website. AutoTrader.com attracts over 18 million unique visitors each month to more than four million car listings. This new integration enables car shoppers who visit AutoTrader.com to ... Read More »
Read More →WASHIINGTON — Two dealer groups targeted by the Federal Trade Commission two years ago for deceptive advertising are in trouble again, the agency announced today. The two retail chains, which operate more than a dozen stores in five states, were charged with violating the administrative orders prohibiting them from deceptively advertising the cost of buying ... Read More »
Read More →ATLANTA — Manheim announced this week that it has been selected by DriveTime as an exclusive remarketing partner along with Go Auto Exchange. This first-ever partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online. DriveTime operates 122 stores in 47 markets. “Through ... Read More »
Read More →MINNEAPOLIS, Minn. — The U.S. District Court ruled in favor of the owner of a Minnesota car dealership who challenged the federal mandate to provide contraceptive coverage to his employees. Because of his faith-based objections, Hastings Automotive owner Doug Erickson is no longer required to provide coverage. “I am grateful that the court’s ruling today ... Read More »
Read More →Chrysler Group is expanding its U.S. recall of older-model vehicles with Takata Corp passenger-side air bags, adding a second inflator design to the recall and more affected regions, reported Reuters. Chrysler, a unit of Fiat Chrysler Automobiles, said in a statement late Thursday that it was recalling 208,783 vehicles by adding the second inflator family ... Read More »
Read More →