Ally adds more used-vehicle financing, reduces leasing in Q3

by deeperkins | Oct 25, 2017 | Uncategorized

Ally Financial’s auto loan and lease originations dipped 1.2 percent to $8. Source: Auto Feed

Lithia's Q3 net income drops 4% from strong year-earlier quarter

by deeperkins | Oct 25, 2017 | Uncategorized

Lithia Motors’ acquisitions pushed revenue up sharply in the third quarter, but higher costs and comparison against a strong 2016 pushed net down 4 percent. Source: Auto Feed

CFPB's arbitration rule overturned by Senate vote

by deeperkins | Oct 25, 2017 | Uncategorized

The U.S. Senate moved to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations. Source: Auto Feed

VW CEO denies price fixing by German automakers

by deeperkins | Oct 25, 2017 | Uncategorized

German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel, Volkswagen CEO Matthias Mueller said. Source: Auto Feed

Mitsubishi e-Evolution concept doubles down on future EVs, crossovers

by deeperkins | Oct 24, 2017 | Uncategorized

Mitsubishi looks to double down on a future centered on both electric vehicles and crossovers with its e Evolution concept. Source: Auto Feed