AE Magazine
MENU
SEARCHMENUSEARCH
U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror, reported Reuters. Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million ... Read More »
Read More →A used car dealer in New Jersey has admitted selling seven vehicles that sustained flood damage during Superstorm Sandy after a Motor Vehicle Commission office employee created clean titles for them, reported lehighvalleylive. Jonathan Olin, 42, of Manalapan, pleaded guilty to theft by deception and Jessie Dinome, 30, of Jackson, pleaded guilty to tempering with ... Read More »
Read More →When it comes to making their customers happy, the world’s automakers have hit a bit of a rough patch, reported NBC News. For the second-straight year, satisfaction with the auto industry is down, according to a new American Customer Satisfaction Index report released Tuesday. The ACSI score for cars and light trucks is now 82 ... Read More »
Read More →Employees at the Volkswagen AG auto plant in Chattanooga, Tennessee, are attempting to form a union that will include hourly and salaried workers as a counter to the United Auto Workers Local 42 established last month, a leading anti-UAW worker said on Tuesday, reported Reuters. Mike Burton, who helped anti-UAW workers defeat the UAW’s effort ... Read More »
Read More →The General Motors Co. ignition switch compensation program has received 309 claims through Monday, including 107 related to fatal accidents, reported Michigan Live. Camille S. Biros, of Feinberg Rozen LLP, which is overseeing the program for the Detroit-based automaker, said payments to eligible victims and their families are expected to be finalized by the end ... Read More »
Read More →SCOTTSDALE, Ariz.- Digital Air Strike, one of the nation’s leading automotive social media, online reputation and lead-response companies, announced today that Inc. magazine has named it as one of the Top 5000 Fastest-Growing Private Companies in the country. Based on a three-year growth rate of 313 percent, Digital Air Strike ranked #1 in revenue/#5 in ... Read More »
Read More →Last week, Cox Enterprises announced the formation of Cox Automotive, an entity that includes more than 20 wholesale and retail auto brands — among them Manheim, AutoTrader.com and Kelley Blue Book, reported Auto Remarketing. Forming Cox Automotive, officials said, “further strengthens the company’s investment in the automotive industry and provides end-to-end global solutions for customers ... Read More »
Read More →New car and truck loans have ballooned to an average of 5 1/2 years from four to five years not long ago, allowing buyers to afford more expensive vehicles and fulfill their urge to drive the newest thing now, reported The Detroit News. Auto industry analysts say that longer term auto loans — some for ... Read More »
Read More →The repo man is getting very busy as a growing number of car and truck owners are struggling to make their monthly auto loan payments, reported NBC News. Experian, which analyses millions of auto loans, said Wednesday that the percentage of those loans that were delinquent or ended up in default with the vehicle being ... Read More »
Read More →Survivors have filed about 100 claims for loved ones killed in one of 2.6 million recalled General Motors cars, according to a spokeswoman for Ken Feinberg, administrator of the automaker’s compensation fund, reported Detroit Free Press. As of Friday, claims also were filed by 184 people who were injured in one of the cars, which ... Read More »
Read More →