Headlines for Wednesday, December 26, 2012

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Ford hit with lawsuit over mpg claims for C-Max, Fusion hybrids

3:23 pm U.S. ET | Dec. 26, 2012
Ford faces a federal lawsuit that contends the new C-Max and Fusion hybrids fail to deliver promised fuel economy claims. Ford's 2013 C-Max Hybrid and Fusion Hybrid mid-sized sedan are EPA rated at 47 mpg city/47 highway/47 combined. But the lawsuit seeking class-action status, filed Dec.

Toyota to settle U.S. unintended acceleration claims for at least $1.1 billion

5:03 pm U.S. ET | Dec. 26, 2012
Toyota is setting aside $1.1 billion to settle various lawsuits and other claims in the United States stemming from reports of unintended acceleration that plagued the automaker in 2009-2010.


The upside to fewer home-equity loans

12:01 am U.S. ET | Dec. 26, 2012
Home values seem to have hit bottom and started to recover. But analysts say home-equity loans are still down as a way to finance a car or truck purchase.


Volvo's new captive launches retail lending, broadens programs

12:01 am U.S. ET | Dec. 26, 2012
Volvo's new captive finance arm, Volvo Cars Financial Services U.S., completed its launch goals this year with the start of retail lending services Dec. 1. The captive began commercial lending in May. U.S. Bank has been Volvo's preferred lender in the United States since late 2009.

Preloading products boosts per-car F&I sales

12:01 am U.S. ET | Dec. 26, 2012
Besides protecting their inventory, many dealers say that preloading products on vehicles brings in thousands of additional finance and insurance dollars monthly. But there are pitfalls. The practice can make a dealer trade for a non-preloaded vehicle difficult.

GM races with VW for 2013 China crown as Toyota struggles

10:50 am U.S. ET | Dec. 26, 2012
Volkswagen AG will vie with General Motors for the sales crown among foreign automakers in China next year, gaining share as Japanese carmakers led by Toyota struggle to recover amid a territorial dispute.

5 trends we watched in 2012. How'd they do?

12:01 am U.S. ET | Dec. 26, 2012
In January, we identified five trends that experts said were likely to affect your finance and insurance business this year. Most held up well. The last one -- new regulations from the Consumer Financial Protection Bureau -- didn't pan out. But it still has potential for 2013.

Product tips, Gen Y, Ally were hot topics in 2012

12:01 am U.S. ET | Dec. 26, 2012
The 10 most-read finance and insurance stories in Automotive News this year were heavy with practical information for frontline F&I managers.

Toyota forecasts record 2013 sales on overseas auto demand

4:34 am U.S. ET | Dec. 26, 2012
Toyota, poised to regain its title as the world's biggest carmaker this year, said its vehicle sales may rise 2 percent next year to a record, led by demand from overseas markets.

Product caps grow amid ethics concerns

12:01 am U.S. ET | Dec. 26, 2012
More dealerships are capping the markup allowed on aftermarket products in the finance-and-insurance office. One retailer's explanation for the trend? "Large pigs go to slaughter." It's another way to say the extra money isn't worth the risk.

VIDEO: First Shift: Top blunders of 2012

8:00 am U.S. ET | Dec. 26, 2012
From Chinese Jeeps to low-volume Leafs, overstated MPG to a 'MyFord' falter: The top missteps and blunders of 2012.