Author: Automotive News Feed

Industry leaders are making their bets on the used-vehicle space.

To alleviate the often cumbersome and slow FandI process, Dealertrack has launched uniFI, a platform that connects the entire deal process with open integration.

Increasing efficiencies and maintaining a healthy portfolio rank high on Hyundai Capital’s 2019 to-do list, says Ross Williams, the captive’s CEO.

For the first time in its eight-year history, GM Financial has paid a hefty dividend to its parent, General Motors.

Dealership software giant CDK Global said it hired former Intel boss Brian Krzanich to take over as CEO. Krzanich, 58, replaces Brian MacDonald, CDK’s CEO since 2016. The move is effective immediately.

For the first time since 2010, Democrats will control the U.S. House of Representatives after Tuesday’s midterm elections. Republicans retained their majority in the Senate.

Wells Fargo executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge.

BMW has strengthened its logistics to include air freight options as part of contingency plans to prepare itself for the UK’s exit from the EU, CEO Harald Krueger said.

BMW reported a 27 percent drop in third-quarter operating profit to $2 billion amid currency headwinds, trade tensions and higher research and development expenses.