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Reports a 2.9% year-over-year drop in sales and the first monthly contraction since January.
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Reuters expose shows employees passed around intrusive videos and clips captured by customers’ automobile cameras.
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Hyundai Motor Co reported a smaller-than-expected drop in profit on high-margin domestic sales and said, while demand should pick up soon, the pace of recovery will be slow due to the impact of the coronavirus pandemic.
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U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to scrap the CFPB’s guidance on dealer participation and leverage lending.
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On the same day a Tesla sedan is revealed to have been the possible cause of a garage fire, a group of Ohio dealers, The Columbus Dispatch reports, is suing Tesla Motors and two state agencies. The suit charges that the electric carmaker’s license violates state law.
Read More →According to Reuters, auto entrepreneur Malcolm Bricklin was awarded $2 million in damages after a former employee of his V Cars LLC illegally brought luxury vehicles into the U.S. market from China.
Read More →Reuters reported last week that Reynolds and Reynolds is mulling a sale to equity firms in a deal that could be worth $5 billion.
Read More →Results of a study conducted by Reuters and research firm Ipsos showed that one in three Facebook users are suffering from ‘Facebook fatigue.’
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