Author: Automotive News Breaking News Feed
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CFPB chief concedes need for balance in auto-loan oversight
Richard Cordray, director of the Consumer Financial Protection Bureau, said he wants more ‘openness and transparency’ for the agency’s oversight of auto lending, but added that the agency still has strong concerns about how dealerships…
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Average fuel economy on U.S. vehicles rose in October, report says
The average fuel economy of new trucks, cars, SUVs and vans sold in the United States during October rose 0.2 mpg from September, to 24.8 mpg, according to a monthly report from the University of Michigan Transportation Research Institute.
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Nissan’s new Mexico plant ready to unleash small cars
Train cars are standing by to begin shipping Sentras to dealers in the United States from Nissan’s newest assembly plant, which opens today in Aguascalientes, Mexico.