| 2015 Lexus RC350 F Sport – Instrumented Test |
Dec 30th, 2014 |
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| Because Snow Falls on the Rich, Too: Aston Martin to Host Instructional Winter Getaway for Owners |
Dec 30th, 2014 |
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This year, Aston Martin hosted a retreat for owners in the Colorado Rockies, teaching performance ice driving and advanced low-traction handling skills. The company termed the inaugural event “hugely successful,” so now there’s a repeat. In early 2015, 10 acres of ice will be groomed for sideways Aston antics near Crested Butte. On the menu: […]
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| Piero Ferrari “Excited about Generational Change” Underway at Ferrari |
Dec 30th, 2014 |
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While the automotive world is in a snit about the changes being made at supercar maker and racing powerhouse (well, former powerhouse, anyway) Ferrari, the guy you’d think would have the most sentimental attachment to the company doesn’t seem to have a problem with them. According to a report on Fox Sports, which in turn […]
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| Moody’s Sees Silver Lining in Regulatory Scrutiny of Auto Finance |
Dec 30th, 2014 |
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Moody’s expects the performance of new and outstanding auto loan ABS deals to suffer temporarily due to current regulatory activity, but it does see a silver lining in the increased scrutiny of the auto finance marketplace.
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| Mass. AG Investigating Santander’s Subprime Lending Business |
Dec 30th, 2014 |
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Massachusetts Attorney General Martha Coakley has ordered Santander Consumer USA to produce documents related to its subprime auto lending business. The AG said she is also looking into the practices of a handful of other auto lenders.
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| CFPB: Servicemembers Harmed by Loopholes in Military Lending Act |
Dec 30th, 2014 |
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A report released Monday by the regulator highlights how loopholes in the current Military Lending Act rules are racking up the costs of loans for servicemembers.
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| Spencer Re Selects New CEO |
Dec 30th, 2014 |
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Tina Youngblood Mallie has joined the firm as CEO. She also serves as vice chair of Spencer Capital Holdings.
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| GWC Warranty Expands Headquarters |
Dec 30th, 2014 |
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The vehicle service contract and F&I product provider has expanded its state-of-the-art facility to almost 20,000 square-feet.
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| N.Y. Shuts Down Subprime Auto Lender |
Dec 30th, 2014 |
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Condor Capital must pay an estimated $8 million in restitution to harmed customers, a $3 million penalty and admit violations of the Dodd-Frank Act and New York state law. The lender will also surrender its licenses in all states.
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| Government Loses $9.26 Billion on Auto Bailout |
Dec 30th, 2014 |
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According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.
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