Wells Fargo now projects it’ll pay $50 million more than previous expected to people affected by a widespread auto insurance scandal, bringing the total to $130 million, according to a filing with the Securities and Exchange Commission. The practice involved selling auto insurance to about 800,000 customers who didn’t…
A Kentucky driver this week attempted to pass someone on the road, and instead jumped a curb before striking more than a dozen cars sin the lot of a Chevy dealership. Chalk it up to very bad driving.
Late Tuesday, the U.S. Senate passed a bill that allows financial institutions to keep putting clauses in loan contracts—including auto loans—that prevents consumers from banding together to file class-action lawsuits against lenders. Auto dealers are particularly pleased by the vote, which passed 51-50 after Vice…
To be honest, I didn’t realize this was a record-setting number last month when I reported on the impact of subprime auto lending in the U.S. ever since the economic crisis of the late-2000s. But a new report confirms as much: Americans owe $1.1 trillion in auto loans, a new record, according to Automotive News.
Last month, we shared the story of a Canadian Lamborghini Gallardo owner whose car was wrecked by a mechanic during a test drive. The owner's now launching a new press against the dealer, who has yet to take responsibility.
America's auto dealers: Tech-savvy family businessmen powering the U.S. economy through service and innovation. Except when their fat fingers price vehicles on the Internet and give dozens of mundane cars prices surpassing $200,000 — before undercoating.