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NewsDecember 10, 2013

BMW’s Captive Named One of the Best Places to Work in Central Ohio

For the second year in a year, BMW Group Financial Services was recognized as one of the best places to work in Central Ohio. The company’s best practices approach led to honoring more than 800 BMW Group associates.

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NewsDecember 10, 2013

Group 1 Acquires Ga.-Based Auto Group

Group 1 Automotive Inc. has completed the acquisition of Jay Automotive Group, which operates six franchises in Columbus, Ga.

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NewsDecember 10, 2013

Mary Barra to Replace Retiring Akerson as GM CEO

Mary Barra was elected as GM’s new CEO by the company’s board of directors. She will replace Dan Akerson, who will retire on Jan. 15, 2014.

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NewsDecember 5, 2013

Iowa Dealers Protesting Proposed Hike in Registration Fees

Despite opposition from state dealers, the Iowa Department of Transportation has proposed a hike in registration fees from 5 to 6 percent. The state dealer association claims the increase will hurt sales.

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NewsDecember 5, 2013

November SAAR Reaches 16.41 Million Units

According to Autodata Corp., total light vehicle sales increased 8.9 percent form a year ago, while the SAAR reached its highest point this year.

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NewsDecember 5, 2013

XPEL Offers Self-Healing Paint Protection Film

XPEL ULTIMATE Paint Protection Film features a clear coat and special elastomeric polymers that ‘heal’ overtime, eliminating swirl marks and fine scratches, the company claims.

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NewsDecember 5, 2013

Business Journal Names Westlake to Fastest Growing Private Company List

The Los Angeles Business Journal released its annual ‘Top 100 Fastest Growing Private Companies’ list. On it was Westlake Financial Services, which came in at No. 54.

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NewsDecember 5, 2013

Experian: Auto Loan Interest Rates Fall to All-Time Low

According to the latest report from Experian Automotive, interest rates for auto loans fell to an all-time low in the third quarter, while the average amount financed reached its highest level since 2008.

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NewsDecember 5, 2013

Bloomberg: GM to Sell Ally Financial Stake

General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.

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NewsDecember 3, 2013

Delinquencies Rise on Both Quarterly and Yearly Basis, TransUnion Reports

According to TransUnion, the auto loan delinquency rate increased to 1.04 percent in the third quarter. However, the delinquency rate is still well below the third quarter average observed between 2007 and 2013.

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