Category: Rumors

Aston Martin will continue to use Chase Auto as the private-label lender behind the captive finance company Aston Martin Financial Services following a renewal of their partnership announced Aug. 13.

Six Rhode Island dealerships have settled with the state attorney general over allegations of deceptive sales practices.

The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper add-on charges levied in a complaint from the Federal Trade Commission and Arizona Attorney General Kris Mayes.

Solera Auto Finance’s leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships.

Maverick Document Signings, which provides remote notary and identification verification services to car dealerships, has been purchased by private equity firm 1876 Partners, Colonnade Securities said.

The startup is seeking partnerships for its online marketplace for extended car warranties and vehicle service contracts

The rise and impact of fraud in the automotive industry has significant implications for both consumers and auto retailers. It is imperative to combat fraud across each step of the car-buying journey.

DARCARS denies the allegations filed in a Maryland Attorney General statement of charges in July.

Smartsourcing companies provide a team of highly trained, career-minded agents who have deep expertise in complicated areas.

General Motors tweaks its employee evaluations to reward top performers. Honda, Subaru and Mazda reported growing sales in July, while Ford was off just a little. GPB Capital ends with securities fraud convictions. Lithia Motors gets a new COO. And electric vehicles help spur growth in the leasing market.