| Volkswagen Plans to Fix Emissions-Rigged Vehicles |
Sep 30th, 2015 |
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Volkswagen AG plans to refit all 11 million vehicles involved in the emissions-rigging scandal. It also announced significant changes to its top leadership, while dealers await answers.
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| Dent Wizard Acquires KhS Global |
Sep 30th, 2015 |
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Dent Wizard has acquired Know How Systems Global, a St. Louis-based provider of high-volume automotive services and repairs to automotive OEMs and insurers.
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| Fifth Third Bank to Cap Dealer Markups |
Sep 30th, 2015 |
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The CFPB and DOJ announced two actions against Fifth Third Bank on Monday, one of which requires the finance source to pay $18 million in restitution to minority auto loan borrowers, as well as limit its dealer partners’ ability to markup interest rates on auto loans.
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| AmTrust Completes Acquisition of Warranty Solutions |
Sep 30th, 2015 |
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AmTrust Financial Services has announced the completion of its acquisition of Warranty Solutions from Wells Fargo for approximately $158 million in cash.
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| Ford Recalls 319,000 Cars, Mostly Windstar Minivans for Rusting Axles |
Sep 30th, 2015 |
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Ford is recalling 319,302 cars in the U.S. for rusting axles, fuel leaks, transmission defects, and cruise-control problems, the automaker announced. Owners of 1998-2003 Windstar minivans already know their rear axles can rust and snap in half. Ford recalled more than half a million between 2010 and 2012 to install “reinforcement brackets,” some of which […]
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| Subaru Forester 2.0XT – Instrumented Test |
Sep 30th, 2015 |
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| Honda Reveals Production-Ready FCV Fuel-Cell Vehicle |
Sep 30th, 2015 |
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Presaged by two concept cars, the imaginatively named FCEV Concept and the FCV Concept, Honda’s new hydrogen-fuel-cell sedan has now been shown in production form, ahead of its in-the-flesh debut at the Tokyo auto show. Still (tentatively) called the FCV, the hydrogen-powered Honda’s appearance hasn’t strayed far from the FCV Concept (below) that the company […]
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| Selfish Whims: We Go For a Ride in Google’s Self-Driving Car |
Sep 30th, 2015 |
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The self-driving car is a proposition too enticing for society at large to ignore. Lotus 7 enthusiast and new CEO of Google’s self-driving-car project John Krafcik sees it as the way forward, citing the need to sell on safety. But Krafcik didn’t say much else at the presentation following our ride in the tech giant’s autonomous […]
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| DOJ Blocks Cox Acquisition of Dealertrack |
Sep 30th, 2015 |
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The Department of Justice filed a civil antitrust lawsuit this week to block Cox Automotive’s acquisition of Dealertrack. The regulator said Cox must divest Dealertrack’s inventory management solution business in order to move forward with the transaction.
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| 2016 Tesla Model X: Tesla’s Electric Crossover Finally Spreads Its Wings – Official Photos and Info |
Sep 30th, 2015 |
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