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Amir Bakhtiari will spend 54 months in federal prison and faces deportation to Iran after pleading guilty to embezzling $6 million by paying phony...
https://www.autodealertodaymagazine.com/359327/former-gm-gets-4-years-owes-8m-for-embezzlement
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...
https://www.autodealertodaymagazine.com/359317/fca-psa-reach-tentative-merger-deal
The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in...
https://www.fi-magazine.com/359319/fed-triggers-third-interest-rate-cut-of-2019
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...
https://www.autodealertodaymagazine.com/359277/report-fca-and-psa-in-merger-talks
Ford Motor Credit has launched Ford Insure, a new program underwritten by Nationwide and designed to offer car buyers auto insurance at rates discounted by...
https://www.fi-magazine.com/359111/ford-credit-rolls-out-discount-car-insurance-program
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...
https://www.autodealertodaymagazine.com/359096/recall-sweep-targets-autonation-dealerships
California Gov. Gavin Newsom has signed AB 179, enacting new dealer protections against below-market warranty reimbursement rates and OEM-ordered facility...
https://www.autodealertodaymagazine.com/359061/calif-dealers-get-warranty-rate-hike-10-year-upgrade-intervals-ccpa-exemption
Electrek reports Tesla CEO Elon Musk wants to open ‘Tesla Centers’ around the U.S., once again challenging rules against direct-to-consumer sales. Sources...
https://www.autodealertodaymagazine.com/359045/sources-tesla-wants-back-in-dealership-game-seeks-loophole
Four months after factory executives put a stop to a similar campaign at an Alabama dealership, Carolina Ford is offering a free rifle, American flag, and...
https://www.autodealertodaymagazine.com/358964/s-c-ford-dealer-revives-gun-giveaway-promotion
Noncompliant and outright illegal behavior by dealers, managers, and staff have generated headlines throughout the year. Less heralded are the instances in...
https://www.fi-magazine.com/358955/when-dealers-catch-criminals