Author: Automotive News Feed
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How to nudge customers off the phone
Getting customers to hang up and looking out for suspicious pay stubs.
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GM preps more fuel efficient engine family for small cars
General Motors is creating a suite of 11 new small powerplants that the automaker says will be quieter and more refined than those found in some rival models.
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SKF to Schaeffler fined $1.3 billion in EU ball-bearing case
SKF, the world’s largest maker of ball bearings, and Schaeffler were among five companies that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel.
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Lending market remains ‘very strong’ despite rise in delinquencies, subprime
Auto loan delinquencies and subprime penetration are rising, but not uniformly and not fast enough to worry about.
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House committee presses CFPB for answers
The Consumer Financial Protection Bureau has ignored a congressional deadline to specify how it determines discrimination in auto lending.
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Car payments have been top priority for years, study says
New research shows that distressed customers have been putting their auto loans at the front of the line for payment for at least a decade, well before the Great Recession started in December 2007.
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AutoNews Now: GM’s big small-engine play
Modular engines offer flexibility; Toyota hit with $1.2B fine, Holder warns other carmakers; lawyers cast net for GM plaintiffs.