Latest News

Group 1 Automotive, an automotive retailer with 188 dealerships in the U.S., U.K., and Brazil, announced it has entered into a definitive agreement to purchase substantially all the assets, including…
Toyota Motor Engineering & Manufacturing is recalling certain 2018-2021 Tundra vehicles. The headlight electrical circuits may power the high and low beams simultaneously, which could overheat the electrical connector. The…
The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2021 “Survey of Consumer Expectations, which shows that short- and medium-term inflation expectations rose to new…
Vroom Inc., an e-commerce platform for buying and selling used vehicles, announced the appointment of Robert R. Krakowiak as chief financial officer, effective Sept. 13. He succeeds David K. Jones,…
The XLerate Group announces the addition of a new member to its auction family with the acquisition of Greater Shreveport-Bossier Auto Auction. XLerate Group now operates 14 auction brands with…
A Massachusetts man pleaded guilty in federal court in Springfield to using his Connecticut car dealership to traffic cocaine and launder money. Miguel Betancourt, 53, pleaded guilty to one count…
Gov. Kathy Hochul has signed legislation setting a goal for all new passenger cars and trucks sold in New York State to be zero-emissions by 2035. Under the new law,…
ACV, a digital auto marketplace and data services partner for dealers and commercial partners, announced the executive appointment of Chief Technology Officer Bahman Koohestani, who will lead the technology and…
In the largest settlement of its kind, national subprime auto lender Credit Acceptance Corp. will pay more than $27 million to settle a Massachusetts lawsuit over a variety of alleged…
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