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Auto Lenders Likely to End Interest Rate Cuts

Auto Lenders Likely to End Interest Rate Cuts

In July, new vehicle sales in the U.S. ticked up slightly as buyers finally decided to take advantage of the good deals afforded them by three consecutive months of interest rate cuts by auto lenders; however, interest rates are likely as low as they’re going to get....
U.S. Auto Sales Hold Steady in July

U.S. Auto Sales Hold Steady in July

Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
Opinion: What’s Behind the Uber Marketing Massacre?

Opinion: What’s Behind the Uber Marketing Massacre?

It’s not been a good couple weeks for the ride-sharing industry, on the whole. Cruise Automation, the General Motors autonomous technology unit, has indefinitely delayed the launch of its self-driving service. And Lyft, the second-largest U.S. ride-share operation,...
AutoNation Names Second CEO in Four Months

AutoNation Names Second CEO in Four Months

AutoNation named Cheryl Miller, the company’s CFO, to take the reins as Chief Executive Officer — the auto retailer’s second person to hold the job in the four months since long-standing CEO Mike Jackson gave up the job. Miller is replacing Carl Libbert, who took over...
Industry Icon Lee Iacocca Dead at 94

Industry Icon Lee Iacocca Dead at 94

Hailed as the savior of Chrysler Corp. as well as the father of the Ford Mustang Lido “Lee” Iacocca died Tuesday morning, according to multiple reports, though specific details have not been released. Iacocca, who was 94, was an icon within the automotive industry. He...