Real gross domestic product (GDP) decreased 9.5 percent in the second quarter, a historic annual rate of 32.9 percent, according to the “advance” estimate released by the Bureau of Economic…
Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3. Cox Automotive includes powerhouse brands Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim. He…
KAR Auction Services Inc.’s recent enhancements to ADESA.com/ADESA.ca, allow customers access to fresh inventory and dealer-trades instantly via TradeRev. This new single sign-on technology offers customers seamless continuity between the…
General Motors Co. reported solid second-quarter earnings, despite significant impacts to production and wholesales as a result of the COVID-19 pandemic. The results reflect actions GM has taken over the…
Santander Consumer USA Holdings Inc. announced a loss of $97 million net income for the second quarter ended June 30, 2020, or a loss of $0.30 per diluted common share.…
Harbor Freight's woes continue with a second jack-stand recall. The original recall began back in May and included 1.7 million jack stands. HF's replacement jack stand is also being recalled…
The Federal Trade Commission reported that Volkswagen and Porsche repaid a total of more than $9.5 billion since 2016 to car buyers stemming from the companies’ deceptive “clean diesel” advertising…
Asbury Automotive Group Inc. reported net income for the second quarter 2020 of $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52…
New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed by J.D. Power and LMC Automotive. Retail sales are projected…
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