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Compliance

Newsby StaffOctober 9, 2019

O’Loughlin Returns to Compliance Summit

Resident compliance expert will discuss the regulations surrounding the automotive industry and dealers’ plights with fraud and legal challenges.

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Newsby StaffOctober 7, 2019

Don’t Miss Out: Industry Summit Adds to Room Block

The original Industry Summit room block has sold out, but event organizers announced that additional rooms have been added at a discounted rate.

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Newsby Tariq KamalOctober 4, 2019

Jury Orders Reagor to Pay Ford Credit $53M

A jury deliberated for less than an hour before deciding Reagor Dykes’ Bart Reagor owes Ford Motor Credit Co. the full amount it demanded following an investigation into the Texas group’s floorplanning practices.

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Newsby StaffOctober 4, 2019

Ky. Dealer Charged With Leading $4M Repurchase Fraud

A federal grand jury has charged a Kentucky dealer and two alleged accomplices with defrauding a manufacturer — thought to be Toyota — of more than $4 million by running 350 used pickups through a consumer buyback program.

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Newsby StaffOctober 2, 2019

DOJ Mystery-Shopped Md. Dealership Before Suing for Racial Bias

The U.S. Department of Justice has charged a Maryland dealership with offering different credit terms to different customers based on race, an allegation backed by reports from African American and white testers.

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Newsby StaffOctober 2, 2019

EEOC Says BMW Dealer Discriminated Against Older Workers

The federal Equal Employment Opportunity Commission says BMW Cleveland violated the Age Discrimination in Employment Act when it terminated two older salesmen and failed to rehire a former service manager.

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Newsby StaffOctober 1, 2019

Register This Week for Your Chance to Win a Free Stay at Industry Summit

Attendees are encouraged to register for the 2019 Industry Summit this week to receive a $100 discount and the chance to win a free hotel stay in New Orleans.

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Newsby Tariq KamalSeptember 30, 2019

Hyundai Claims Dealer Fraud Forced $5M in Repurchases

Hyundai North America has sued a Pennsylvania dealer for fraud, claiming he bilked the automaker for $5 million by buying up hundreds of used Sonatas and purposely damaging their engines beyond repair.

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Newsby StaffSeptember 30, 2019

FCA to Pay $40M Fine for ‘Cookie Jar’ Sales Reports

FCA US and Fiat Chrysler Automobiles will pay $40 million to settle charges leveled by the SEC, which accused the automaker of misleading investors by falsifying monthly sales reports to maintain the appearance of monthly gains.

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Newsby StaffSeptember 27, 2019

IAS Hosting Giveaway to Win a Day of Training with Frenchy!

One Industry Summit attendee will be selected to receive one free day of training with Frenchy at the dealership of their choice.

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