Irving Mejia-Hilario

Proposed new regulations could result in auto lending being included as part of the Community Reinvestment Act which would mean increased scrutiny of banks with large vehicle loan business.

Ford, Honda, Toyota and Chevy dealerships in Michigan, California, Texas and North Carolina were purchased in deals this year by buyers including LaFontaine Automotive Group and Victory Automotive Group.

Volkswagen of Marion in Illinois has boosted its purchases of used vehicles directly from consumers by improving its tracking of such buys and increasing bonus opportunities for staffers instrumental in making them happen.

Toyota's diversity appointments were announced Monday and were effective Aug. 1.

Three dealership groups expanded, while a new group bought a pair of dealerships, in acquisitions that closed in the second and third quarters involving stores in Missouri, Arkansas, Texas and Vermont.

New research from Growth from Knowledge AutoMobility shows loyalty toward brands and dealerships continues to decline as sticker prices go up.

A federal grand jury has indicted Erik Charles Maund, 47, a former partner at Maund Automotive Group, and three other individuals on murder-for-hire charges.

AAA said 77 percent of respondents indicated a strong desire to save on fuel costs.

The Penske Automotive luxury dealership said the 20 terminated workers "unlawfully condoned and encouraged blatant picket line misconduct."

CarMax Auto Finance is expanding its "no-impact-to-your-credit-score" pre-qualification feature to customers across the U.S.

Edward Hightower was promoted to CEO at Lordstown Motors in Ohio after being president of the company. He has held several engineering, strategy, brand marketing and senior executive roles for GM, Ford and BMW.

Jim Voss, the CEO of Apollo, will take over as head of Tenneco once several final conditions are met and the deal closes.

The 2022 survey says 14 percent of the respondents interested in EVs indicated they would definitely buy or lease an EV — a 10-point increase from the 2020 survey.

The simulator, which helped bring the Maverick and F-150 Lightning to market, uses rFpro, a driving simulation software, and lidar by scanning roads to the millimeter to create an immersive experience for the driver.

The dealership offered a 15.1 percent pay increase for master technicians and a 10 percent increase for certified technicians, plus annual raises after that.