Bernie Moreno has sold all but two of his auto dealerships to Canada’s Rafih group in an effort to devote himself more fully to his blockchain technology firm and its recently unveiled CHAMPtitles solution.
The Wisconsin legislature has passed a bill that would authorize the fast-tracking of auto retail fraud complaints and allow investigators to shutter dealerships earlier in the process.
Fiat Chrysler has settled a lawsuit brought by seven dealers who leveled charges of antitrust violations and breach of contract in federal court, claiming the factory and competing dealerships conspired to falsify new-vehicle sales reports.
Indiana Attorney General Curtis Hill has charged a Texas company with sending deceptively worded prize notification-style mailers to 2.1 million residents on behalf of Indiana auto dealers.
Shares of Tesla Inc. fell by 9% following an underwhelming first-quarter sales report, but executives say they have the demand and capital they need to meet their 2019 production goals.
The National Highway Traffic Safety administration announced it will open twin probes into thousands of complaints of noncrash fires in Hyundai and Kia vehicles sold in the U.S.
The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.
Indiana Attorney General Curtis Hill announced a former Indianapolis dealer will pay $55,000 in civil penalties and $33,536 in restitution for violations of various state consumer protection standards.
Janet Christine Stair is charged with concocting a service-ticket scheme that defrauded a Hot Springs Chrysler dealership of more than $17,000 and charged its factory nearly $12,000 for phantom warranty work.
The National Automobile Dealers Association wants U.S. dealers to participate in its 2019 Dealership Workforce Study, offering complimentary custom reports to respondents based on the survey’s findings.