Drive.ai raises $50 million in new funding

Self-driving startup Drive.ai raised $50 million in a second round of funding as the Silicon Valley company prepares to deploy its technology in pilot vehicles later this year.

U.S. plaintiffs' lawyers warn of automaker role in Takata bankruptcy

Lawyers for people injured by exploding Takata airbags told a U.S. bankruptcy court judge that the company's restructuring plan is being skewed to benefit automakers over victims.


FEV North America to expand vehicle testing at new tech center

The cornerstone of FEV North America's expanded suburban Detroit campus will be a vehicle emissions test center -- adding to its existing prototyping, design and development facilities.

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BLOG: Hannah Lutz
A case for recapping F&I

At the end of the car-buying process, many customers want to rush through F&I, get in their new car and drive away. It may pay off to visit F&I again later.

BLOG: Hannah Lutz
Women and F&I -- let's talk

One finance director says most of the successful F&I managers she knows are women. Yet the assumption lingers that the F&I world is unwelcoming to women and mothers.

BLOG: Hannah Lutz
Watch out for month-end fraud

The dealership fraud rate is 56 percent higher in the last week of the month than in the first week, PointPredictive says. The threat comes from outside and inside the dealership.

BLOG: Hannah Lutz
Should dealerships go back to the basics for best F&I results?

Whether it's a customized presentation, a digital menu or online F&I product intros, many F&I companies have suggested an adjusted approach for today's consumer. But for some dealerships, it may be best to stick to the basics, an F&I expert says.

BLOG: Hannah Lutz UPDATED: 5/11/17 12:57 pm ET - adds details
F&I vendors take aim at used vehicles

The trend toward used vehicles has extended beyond financing. It's become a focus in the F&I product world, too.

BLOG: James B. Treece
Lenders are shifting. Keep up.

Early first-quarter data show that lenders aren't as full-throttle on auto loans as before. It behooves F&I managers to keep close tabs on who's pulling back.

BLOG: Hannah Lutz
For some states, it's time to revamp CFPB structure

Last month 15 state attorneys general filed an amicus brief supporting the call to restructure the Consumer Financial Protection Bureau. Attorneys general often pride themselves on being the voice and advocate of the consumer, so criticizing a group that claims to fight for consumer protection appears out of character. Even so, the situation sheds even more light on the unusual set up of the CFPB.

BLOG: Hannah Lutz
Keep the buying process flexible

In the evolution to the online car-buying process, it's important to remember there is no one-size-fits-all solution.

BLOG: Hannah Lutz UPDATED: 4/25/17, noon -- correction
Group 1's PVR bar will be tough to beat

Group 1 Automotive hit a record $1,636 in F&I gross profit per unit in the fourth quarter, likely becoming the new leader in the F&I race among the six largest publicly traded new-vehicle retail groups.

BLOG: James B. Treece
Lenders gloat over CFPB's prospects -- then reconsider

During the American Financial Services Association's auto finance conference, AFSA's leaders and their audience were practically gloating over the possibility that the Trump administration might gut the CFPB. Here are some comments from that gathering.

BLOG: Hannah Lutz
Automakers, digital deals hinge on you

The online car-buying experience has become a major industry focus as consumers expect the process to be as simple as buying a book on Amazon.

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