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GM, Jim Koons and Lithia Settle FTC’s Complaints Regarding CPO Claims

WASHINGTON, D.C. — The Federal Trade Commission (FTC) announced today that General Motors, Jim Koons Management and Lithia Motors Inc. have agreed to settle the regulator’s allegations that each touted rigorous inspections for certified pre-owned vehicles, but failed to disclose that some of the vehicles they were selling were subject to unrepaired safety recalls. According ... Read More »

January 13, 2016

Exclusive: U.S., Major Automakers to Announce Safety Accord Friday

The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and government officials. The accord could set the framework for further discussions on safety reforms and mark a new ... Read More »

January 12, 2016

GM Unveils Technology to Help Avoid Child Heatstroke Deaths

General Motors Co said on Tuesday it will introduce a new safety system to remind drivers to check for children in the rear seats, and that it could eventually develop features to detect forgotten children, reports Reuters. The Detroit automaker showed off its 2017 Acadia SUV that includes what it says is an industry-first feature ... Read More »

January 12, 2016

December Auto Sales Soar 9% in Record Year

Automakers posted a solid 9% sales gain in December, an exclamation point that sealed 2015 as the biggest sales year ever for the industry, reported USA Today. All told, automakers sold 17.47 million new vehicles for the year, Autodata reported, besting the previous record set in 2000 by 68,138 vehicles. Low gas prices, cheap credit, low unemployment, soaring consumer confidence and warm weather ... Read More »

January 6, 2016

U.S. Brands Tap European Auto Recovery as Volkswagen Left Behind

European car sales rose 13.7 percent in November, according to industry data published on Tuesday, with U.S. brands recording strong gains as Volkswagen continued to pay the price of its diesel emissions test-rigging scandal, reports Reuters. Registrations rose to 1.12 million cars last month from 989,758 a year earlier, the Brussels-based Association of European Carmakers ... Read More »

December 14, 2015

GM Recalls 2010 Cobalts for Wiring Flaw

General Motors is recalling 73,424 Chevrolet Cobalts for misrouted wiring that can prevent a driver’s side airbag from deploying during a crash, reports Automotive News. The recall covers 2010 Cobalts — 59,474 in the U.S. and 13,950 in Canada. Affected vehicles were built with improper side impact sensor wire routing in the driver’s side front ... Read More »

August 14, 2015

Detroit Three, UAW Will Square Off Over Wages, U.S. Jobs

The Big Three U.S. automakers and the United Auto Workers union will kick off bargaining Monday for new contracts that would set how much more robust, post-recession profits the industry shares with workers, and determine union costs to win more U.S. jobs, reports Reuters. UAW leaders said they will insist on raises for 139,000 blue-collar ... Read More »

July 12, 2015

Ferrari IPO Filing to Come in Days, Fiat Chrysler CEO Says

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles NV, is close to filing for an initial public offering, Fiat Chrysler Chief Executive Officer Sergio Marchionne said, reports Bloomberg. “We are days away from filing the prospectus,” he told reporters Friday after a panel discussion at the Toronto Global Forum. Debt-laden Fiat ... Read More »

July 12, 2015

NHTSA Admits Faults in GM Investigation

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 »

June 9, 2015

GM Recalls Heavy Duty Trucks with Takata Air Bags

General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the U.S. automaker said, reported Reuters. The trucks are 2007 and 2008 model Chevrolet Silverados and GM Sierras. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags ... Read More »

June 2, 2015

Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths

While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%, reports The Detroit Bureau.  All told, U.S. buyers spent a record ... Read More »

June 2, 2015

Manheim Reschedules Make-A-Wish Car Show

CLARKSVILLE, Ind. — Manheim Louisville has rescheduled its Cruisin’ for Wishes car show and fundraiser for June 13, after the event was rained out on May 16. The Criusin’ for Wishes car show will be held from 10 a.m. to 3 p.m. at Manheim Louisville. Registration for the car show begins at 9 a.m. and ... Read More »

May 20, 2015

GM Expects to Fall Short of 2017 Electric Vehicles Target

General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity, reported Reuters. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a “surge” in model offerings from all automakers ... Read More »

May 12, 2015

GM CEO Barra Confident About Value of Company’s Stock

General Motors Co’s chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM’s stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan, reported Reuters. The automaker’s shares have declined as investors are concerned the U.S. auto cycle ... Read More »

May 5, 2015

GM CEO Barra Received $16.2 Million in 2014 Compensation

General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor’s total the previous year, reported Reuters. Most of Barra’s compensation is tied to stock awards that she cannot cash in yet. She ... Read More »

April 27, 2015