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Showroomby StaffJanuary 5, 2017

BMW Using Google’s Augmented Reality Technology to Sell Cars

The German automaker announced it’s piloting a new program that will allow customers to explore their ideal BMW i3 and i8 using Google’s Tango augmented reality technology

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Digitalby StaffJanuary 5, 2017

Toyota Developing Cloud-Based Telematics System

Toyota announced it is developing a cloud-connected telematics system that offers improved navigation features, in-vehicle Wi-Fi, and remote connectivity via a smartphone app.

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Showroomby StaffJanuary 5, 2017

Autobytel Sells Off Specialty Finance Leads Product to Internet Brands

Autobytel last week completed the sale of its specialty finance leads product to Internet Brands Inc. for $3.2 million in cash and $1.6 million in additional transition licensing income.

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Digitalby StaffJanuary 5, 2017

Edmunds Unveils New Website, Logo Design

Edmunds this week unveiled a revamped online experience and refreshed new logo. The company has also dropped the '.com' from its name and will now be known as simply “Edmunds,” according to a company announcement.

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Showroomby StaffJanuary 5, 2017

AutoNation Holding One-Day Hiring Event to Fill Thousands of Positions

AutoNation will be holding a one-day hiring event on Tuesday, Jan. 10, according to a recent company announcement. The event will take place throughout 15 cities across the country, and will feature thousands of sales and service positions available at all of the company’s stores and service centers, the company stated.

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Digitalby StaffJanuary 5, 2017

Toyota, Ford Form Organization to Improve Phone-to-Car Connectivity

Ford Motor Co. and Toyota Motor Co. are forming a nonprofit organization that will manage an open source software platform with the goal of providing consumers access to smartphone apps using voice commands and in-vehicle displays.

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Complianceby StaffJanuary 4, 2017

Automotive Compliance Consultants Field Manager Earns Compliance Certification

Automotive Compliance Consultants announced this week that Texas field manager Ron Keable has earned the National Automotive Finance Association's consumer credit compliance expert designation

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F&Iby StaffJanuary 4, 2017

Copart Donates Hundreds of Toys to Toys for Tots

What started out as a small-scale holiday donation for the online vehicle auction company has now scaled into a corporate-wide initiative. The company’s Dallas headquarters alone collected more than 500 toys for the U.S. Marine Corps Reserve program.

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Complianceby StaffJanuary 4, 2017

CFPB Orders TransUnion and Equifax to Pay $23.1 Million for Deceptive Practices

The Consumer Financial Protection Bureau (CFPB) this week took action against Equifax and TransUnion, ordering the two credit reporting agencies and their subsidiaries to pay more than $17.6 million in restitution for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The two firms were also ordered to pay $5.5 million in fines to the regulator.

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F&Iby StaffJanuary 4, 2017

Ally Agrees to Finance up to $600 Million of Carvana's Retail Contracts

Under the terms of the agreement, Ally will provide financial arrangements to support the online retailer's operations, with an initial commitment of up to $600 million. The agreement expands Ally's existing relationship with Carvana, which also includes a floorplan credit line and vehicle sourcing through Ally's SmartAuction platform.

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