| A $60,400 Kia?! 2015 K900 Luxury Sedan Pricing Out, Jaws Drop |
Jan 29th, 2014 |
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We’ve always known that Kia’s most ambitious model yet, the K900 luxury sedan, would command the brand’s most ambitious price tag. Today, Kia announced what that price tag will be when sales of the 420-hp V-8 model start this spring. That number is $60,400. That’s right. Sixty thousand dollars. And four Benjamin Franklins. Follow Car [...]
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| Volkswagen Updates its Polo—No, It’s Still Not Coming Here |
Jan 29th, 2014 |
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Five years after the launch of its fifth-generation supermini, Volkswagen is giving the Polo a shot of Botox. The modest face lift includes a new lower front fascia, new headlights, more options, and an upgraded engine portfolio. Follow Car and Driver on Facebook Outside, the face-lifted Polo is most easily identified by its new front [...]
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| Good Wood: Finnish Paper Company to Unveil Wooden Car in Geneva |
Jan 29th, 2014 |
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Faking wood has long been a favorite pastime of automotive designers. When the small number of mid-century automobiles that used actual lumber for low-stress body panels disappeared from the landscape, faux-wood-grain finishes began appearing everywhere, from the exteriors of station wagons to the interiors of maker’s entire product lineups. Only British manufacturer Morgan has continued [...]
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| Fiat to Acquire Remaining Equity Interests in Chrysler Group |
Jan 29th, 2014 |
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Fiat North America LLC signed an agreement on New Year’s Day to acquire the remaining stake in Chrysler Group LLC. The transaction is expected to close on Jan. 20.
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| Dealer Capital Launches New Auto Loan Purchase Program |
Jan 29th, 2014 |
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Dealer Capital is launching a new auto loan purchase program. The rollout is nationwide and aims to cover most sizes and types of auto portfolios.
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| Dealer Convicted of Auto Theft, Forgery |
Jan 29th, 2014 |
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The operator of King City Enterprises will be sentenced this month for buying cars with counterfeit stamps from finance companies and then submitting the forged documents to the DMV.
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| Michigan Dealer Loses $94K to Embezzlement |
Jan 29th, 2014 |
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According to The Herald-Palladium, a former employee of a Michigan car dealer pleaded guilty to stealing $94,000 from the store.
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| Self-Driving Cars Stepping Into the Industry’s Driver’s Seat |
Jan 29th, 2014 |
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New IHS Automotive study predicts sales of self-driving cars will reach 12 million units by 2035. It also expects that 54 million self-driving cars will be on the road globally by 2035.
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| Compliance, Technology to Headline Vehicle Finance Conference |
Jan 29th, 2014 |
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This year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between executives from GM Financial, Toyota Financial Services and Chase Auto Finance.
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| Hyundai’s VP of Sales to Replace Krafcik as Chief Exec |
Jan 29th, 2014 |
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Today ends John Krafcik’s tenure as president and CEO of Hyundai Motors America. He will be replaced by David Zuchowski, the company’s executive vice president of sales.
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