The Consumer Financial Protection Bureau will keep an eye on underwater auto loans and study subprime auto lending competition, the agency said last week. The agency said it was "concerned"...
Private equity firm Calera Capital has purchased a majority stake in finance and insurance product compliance provider F&I Sentinel. F&I Sentinel did not disclose terms of the deal in a...
Rivian Automotive Inc. has set a new bar for sticker shock in the electric vehicle era. The company, citing increased materials costs, is boosting prices as much as 20 percent on...
Electric vehicles' share of new-vehicle auto financing doubled to 4.6 percent of the market during the fourth quarter of 2021, up from 2.3 percent a year earlier and 1.3 percent...
TOKYO -- Toyota Motor Corp. will halt production at its Russian factory from Friday while vehicle imports into the country have also stopped indefinitely due to supply chain disruptions, the...
Asbury Automotive Group Inc. has sold one of two Lexus dealerships it told Automotive News it would need to divest after 2021 acquisitions pushed its store count for the luxury...
Terry Dittes, the General Motors-UAW vice president who led the union's bargaining with GM during a 40-day strike in 2019, plans to retire this summer. "The UAW has changed my...
Even though Ford hadn’t used it for a production vehicle, the company contended that Model E sounded too similar to the original mass-market hit automobile: the Model T. “We’re like,...
Honda Motor Co. is halting exports of cars and motorcycles to Russia, joining a growing number of global companies choosing such as General Motors and Ford Motor Co. not to...
But in closing their case against Kelly, prosecutors said the retirement plans were simply a pretense to compensate Ghosn for the pay cut he took in his last eight years....
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