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Regulators Appear to Endorse Alternative Credit Scoring
November Sales Report Pushes 2019 Total Closer to 17M
Gabler Attorney Questions Prosecution Evidence

Gabler Attorney Questions Prosecution Evidence

An attorney for indicted Pennsylvania dealer and former association head Andy Gabler has filed a motion accusing prosecutors of failing to document instances of alleged fraud.

November 26, 2019

Mass. Dealer Agrees to Nearly $1M Settlement

Mass. Dealer Agrees to Nearly $1M Settlement

The Boston-area AutoMax group has agreed to a $925,000 settlement after facing accusations of misrepresenting vehicles, warranty and service contract coverage, and fees.

November 21, 2019

GM Accuses FCA of Bribery, Corruption in RICO Suit

GM Accuses FCA of Bribery, Corruption in RICO Suit

General Motors has sued Fiat Chrysler in federal court, alleging FCA bribed United Auto Workers officials to secure concessions that included an undue share of lower-wage workers.

November 21, 2019

Auto Loan and Lease Activity Slows as Balances Grow
Bloomberg: FCA Banking Unordered Vehicles, Pressuring Dealers
Chrysler Dealers to Appeal Claims Court Loss

Chrysler Dealers to Appeal Claims Court Loss

An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could make its way to the U.S. Supreme Court.

November 12, 2019

October Sales: SAAR Could Hit 17M for 5th Straight Year
Former GM Gets 4 Years, Owes $8M for Embezzlement

Former GM Gets 4 Years, Owes $8M for Embezzlement

Amir Bakhtiari will spend 54 months in federal prison and faces deportation to Iran after pleading guilty to embezzling $6 million by paying phony advertising invoices and unearned bonuses.

November 1, 2019

FCA, PSA Reach Tentative Merger Deal

FCA, PSA Reach Tentative Merger Deal

Fiat Chrysler and PSA Group have agreed to join forces to create the world’s No. 4 automaker in a $48 billion deal designed to save the factories billions in research and development costs.

October 31, 2019

Fed Triggers Third Interest Rate Cut of 2019

Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in support of economic expansion.

October 31, 2019

Report: FCA and PSA in Merger Talks

Report: FCA and PSA in Merger Talks

Bloomberg reports Fiat Chrysler and PSA Group, which includes the Peugeot, Opel, and Citroen brands, could announce a merger as soon as this week, a deal that would form a General Motors-sized factory.

October 30, 2019

Ford Credit Rolls Out Discount Car Insurance Program
Recall Sweep Targets AutoNation Dealerships

Recall Sweep Targets AutoNation Dealerships

The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is subject to an open recall.

October 16, 2019