| N.Y. Dealer Convicted of Money Laundering |
Nov 12th, 2014 |
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The owner of Finish Line Auto Sales was convicted by a federal jury this week of money laundering for helping drug dealers purchase high end used cars with cash.
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| October Wholesale Prices Reveal Market Softness |
Nov 12th, 2014 |
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ADESA’s chief economist says off-rental program vehicles kept wholesale prices artificially high in October. They also masked softness in a market that is facing high incoming supply.
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| Kia Adds Dealertrack’s PaymentDriver to Kia.com |
Nov 12th, 2014 |
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Shoppers on Kia.com can now explore finance options side-by-side using PaymentDriver. Those options can include current Kia incentives and interest rates, as well as the trade-in value of the customer’s current vehicle.
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| Sonic Files Suit Against Former Employee for Luring Away Employees |
Nov 12th, 2014 |
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Sonic and Philpott Motors have filed a lawsuit against a former employee who left the dealership and hired seven other employees to come work for him.
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| Police Catch Kidnapper Using Dealership’s GPS Device |
Nov 12th, 2014 |
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Detectives asked a dealership to activate the GPS device installed in a kidnapping suspect’s car due to his poor credit. Police apprehended the man and found his victim alive.
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| NCM Associates to Provide Training for Veterans |
Nov 12th, 2014 |
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NCM Associates Inc. has launched a joint effort with nonprofit Hire Heroes USA to provide training and resources to veterans seeking careers in the retail automotive sales and service industry.
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| BMW Unveils Elegant Combination Street Light/EV Charger |
Nov 12th, 2014 |
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Of the nearly 8800 public charging stations across the U.S., none blend into the landscape so discreetly as BMW’s “Light and Charge” units the company hopes to spread far and wide. The slim charger design does away with the bulky, standalone units that hog sidewalk space and take up room in already crowded parking lots. Plus, there […]
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| BMW Sales Exec: Sports Cars May Be a Dying Breed |
Nov 12th, 2014 |
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Close your eyes and imagine a world without sports cars. Sad, isn’t it? If the segment continues on its current path, that could be the future. In an interview with Bloomberg, BMW sales chief Ian Robertson, spoke frankly on sports-car sales in the United States and Europe: “The sports-car market is roughly half of what it used to be,” […]
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| Hyundai Shows Spiffed-Up 2015 Azera at—Where Else?—Miami Auto Show |
Nov 12th, 2014 |
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Some new cars enter the market like Miley Cyrus riding a wrecking ball, while others slip in as discreetly as a black cat on a moonlit night. In the vein of the latter is the refreshed 2015 Hyundai Azera, which debuted quietly at the Miami auto show, right in the heart of its target market, […]
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| Turbo Compounding Is the Next Big Thing in Energy Recovery |
Nov 12th, 2014 |
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Internal combustion will play a role in automotive propulsion far into the future, but not without help. At issue is the 25- to 30-percent energy loss that occurs when hot exhaust gases are dumped into the atmosphere. Turbochargers successfully recycle some of that energy, but there are other recovery technologies carmakers haven’t tapped. One that’s […]
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