Dealer Financial Services announces two executive moves
Marisa Carnevale-Henderson is the East Region Market Executive for Dealer Financial Services. She is responsible for leading a team of Relationship Managers who are charged with delivering the vast resources that the Bank of America Merrill Lynch enterprise has to offer.
Justice Department Secures $907,000 from Citifinancial for Illegally Repossessing Active Duty Servicemembers’ Vehicles
The Justice Department announced today that CitiFinancial Credit Company, as successor to CitiFinancial Auto Corporation, has agreed to pay $907,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing 164 cars owned by SCRA protected servicemembers without first obtaining the required court orders.
Loan Portfolio Servicing, an Innovate Company, scales rideshare portfolio servicing program
FORT WORTH, Texas – Sept. 13, 2017 – Loan Portfolio Servicing (LPS) today announced the latest expansion of the company’s rideshare portfolio servicing platform, making LPS one of the biggest and most experienced rideshare servicers in the nation.
Wanna sell cars? No, job seeker study finds
A Cox study found job seekers' interest in working at a dealership jumps when told they won't have to sell cars, while most dealers don't have a staffing strategy.
NRDC calls for investments leading to 100 mpg fleet
The Natural Resources Defense Council's clean-energy plan says climate-change goals can be met through energy efficiency and renewable fuels at much lower cost than predicted.
GM, Unifor talking informally as strike enters second day, union says
GM and Unifor, the union representing about 2,800 striking workers at the CAMI assembly plant, have talked informally over the phone but aren't yet back the bargaining table, a union official said.
BLOG: Richard Truett
The complexity and engineering challenges of the electric motor
The change from internal combustion engines to electric motors will be one of the biggest the industry has ever faced.
North America car & truck assembly plant directory - 09/15/17
Mexico light-vehicle sales by make, Aug. & YTD
Mexico light-vehicle sales by nameplate, Aug. & YTD
Ford to shut down Transit lines for a week
Ford plans to shut down Transit production at its Kansas City Assembly Plant for seven days starting next week amid slumping sales for the nation's best-selling large van.
Toyota chief says hybrid still central as EV momentum grows
Toyota President Akio Toyoda says hybrid technology will remain central to the company's strategy even as a rising wave of governments and automakers get behind plug-in electric vehicles.
Honda's 8th-gen Civic introduced in Japan
Honda CEO Takeo Fukui introduces the redesigned Civic and Civic Hybrid in Tokyo on Sept. 22, 2005. The 8th-generation Civic featured what Honda called a "bold one-motion form design, with a wide stance and extended wheelbase for a more expansive interior."
2017 Kia Cadenza: Par for the class
The Kia Cadenza, redesigned for the 2017 model year, has sharper styling than when it was launched in the U.S. in 2013. The full-size sedan is a low-volume product for Kia, with U.S. sales of just 3,669 through the first eight months of 2017. Here is a sampling of Cadenza reviews from the automotive press.
Archer's bows, appetizers and punches: What people think of Genesis G70
The newest addition to the Genesis lineup, the compact luxury G70 sedan, goes on sale in the U.S. next spring and will immediately join a competitive segment. A roundup of initial reaction from the automotive press on the G70.
Electra Meccanica says it has $1.6B in orders for single-seat EV and sports car
Vancouver's Electra Meccanica Vehicles Corp. says it has total orders worth $1.6 billion for its Solo single-seat electric commuter vehicle and Tofino electric sports car.
Volvo plans U.S. plant expansion, doubling original investment, reports say
Volvo is doubling investment in its first U.S. plant, which is under construction, to add a second production line at a total cost of $1 billion as the carmaker heads for a fourth straight year of record global sales, according to reports from Reuters and a local newspaper.
Toyota revs up with GR performance line
Toyota is introducing a high-performance "GR" series consisting of seven variants including the Prius plug-in hybrid and Vitz subcompact.
Rules of origin one of NAFTA's 'elephants in the room,' Mexico says
Mexico's economy minister says a successful renegotiation of NAFTA would hinge on two or three areas he called “elephants in the room,” which include rules of origin.
Chicago mechanics OK contract, return to work after strike
Mechanics at Chicago-area new-car dealerships returned to work on Monday after agreeing to a new four-year contract on Sunday, ending a strike that lasted about seven weeks.
Tesla worker claims timing of firing denied him lucrative shares
A former Tesla factory worker filed a lawsuit alleging the company fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested.