Court is requesting employee information and testimony related to false reporting of FCA sales.
Two more state legislatures discussed Tesla's efforts to sell its EVs direct to customers this week. The automaker was shut down in CT, and maybe also NC.
A Chicago-area dealership group has filed suit against FCA accusing it of paying dealers to fake sales figures and "strong-arming" in the push to move metal.
A Michigan couple who were swindled out of a new minivan by a Craigslist scammer got a happy ending this week in the form of a replacement, free of charge, from a local car dealership.
Billionaire investor George Soros and his company Soros Fund Management are seriously investigating following Warren Buffett's lead and buying an auto dealer body. A Soros representative was reportedly trying to sell dealers on the idea during a private dinner, indicating that current management would stay in place, if the company invested.
Four Chrysler dealers shuttered during the automaker's bankruptcy have one less obstacle in their way to reopening following a US appeals court ruling. However, they still have to work things out with FCA.
Hyundai and Kia dealers in Grand Junction, CO, are buying $180,000 in gift cards for local businesses and giving them away to previous customers as part of a new marketing strategy. Not only does the plan get more buyers into the the showrooms than traditional advertising, but it reinvests money back into the community.
Reuters reports that BMW has agreed to pay its Chinese dealers 5.1 billion yuan ($820 million) to help them overcome huge inventories and poor profits last year. Audi and Daimler have are also subsidizing Chinese dealers with hundreds of millions of dollars as the local auto market slows down.
Chinese dealers have long submitted to the power of foreign automakers, but with inventories out of control and only 30 percent of dealers operating at a profit, the situation has gotten so bad that the country's largest dealer body has complained to the government.
Given the less-than-sterling reputation that car salesmen have among many consumers, it should be no surprise that they also have their own insider jargon. Much of the lingo is now finally coming to light in one place thanks to an Ohio lawyer specializing in 'lemon law' cases who keeps a dictionary of the terms on his website.
When Warren Buffet makes an investment, people pay attention. That's just one of the perks of being one of the richest men in the world, and his latest move is a big one. Buffet's Berkshire Hathaway investment company is to hopping into the auto business in a huge way by buying Van Tuyl Group, the nation's largest privately owned auto dealer network, for an undisclosed sum.
Tesla has been fighting challenges from dealer groups in several states for years due to the company's decision to sell directly to customers at stores rather than through franchise dealers. The business has won some of these battles like its recent compromise in Pennsylvania, which allows the company to open five stores there. Now, Tesla has another legal struggle ahead of it because the Georgia Automobile Dealers Association is hoping to shut down the brand's boutiques.
A car dealer in Manalapan, New Jersey pled guilty Monday to theft by deception after he manipulated the titles of cars damaged in Hurricane Sandy and sold the cars to unsuspecting customers.
The fight against customer-direct car sales by Tesla Motors continues around the US, and the California-based company can now count dealership groups in Georgia and Ohio among its adversaries. In Ohio, Tesla has opened company-owned stores in Cincinnati and Columbus and is now fighting a state dealership association that's pushing for legislation that explicitly outlaws direct dealer-to-public sales after a lawsuit against Tesla was dismissed last week, Automotive News says.
Nine U.S. car dealerships caught in a Federal Trade Commission dragnet will settle charges of making deceptive claims in their advertising, the Automotive News reports.
Almost five years after US taxpayers bailed out General Motors and Chrysler, a large majority of their slimmed-down dealership networks are posting soaring profits, Bloomberg reports, and contributing to the US auto industry on track this year to deliver 15.4 million vehicles, the most since 16.15 million were delivered in 2007.