Recent News

Tesla says short seller is funding ex-employee’s lawsuit

The automaker said in a court filing that former employee Martin Tripp’s 2018 counterclaim against the company is being financed by hedge fund Cable Car Capital LLC. ... Read More »

EV makers tap special-purpose firms for funding

With the COVID-19 pandemic cooling private markets, merging with so-called blank-check companies allows electric vehicle makers and auto technology startups to go public and raise much-needed cash. ... Read More »

VW’s finance arm takes $590 million hit, braces for more pain

VW Group’s financial-services unit, hampered by rising unemployment in the U.S., boosted provisions for credit and residual-value risks by about 500 million euros ($590 million) in the first six months and warned the fallout from the pandemic could worsen in...

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Tesla plans 5-for-1 stock split

The EV maker, which has vaulted to become the world’s most valuable automaker this year, aims to make its shares more attractive to retail investors following a stunning rally. ... Read More »

F&I Tip of the Week: The 80/20 Rule

Have you heard of the 80/20 Rule? I bet you have, but you may be wondering what to do with the other 80% of your time. John Tabar from UDS offers some suggestions in this F&I Tip of the Week. ... Read More »

Polestar CEO eyes eventual public listing but focus now is electric sedan launch

Deliveries of the brand's first high-volume EV, the Polestar 2, have begun in Europe and will start in North America next month, officials said. ... Read More »

Survey: 80% of Automotive Dealerships Report Partnering with Fewer than Twenty Lenders, Highlighting Competitive Financial Marketplace

Data reveals importance of accuracy and efficiency in lending processes. ... Read More »

Veoneer sells U.S. brake business to ZF for $1

The sale is expected to reduce Veoneer's negative annual cash flow by more than $80 million for 2020 and 2021, Veoneer said when first announcing the divestiture. ... Read More »

COVID-19 Market Update

Black Book recently published an update to their COVID-19 Market Updates, including BEV sales, wholesale prices, retail listing prices, wholesale volume, used retail listing volume, and new vehicle sales. ... Read More »

COVID Waivers

Will a COVID waiver protect your business? There is no definitive answer as of early 2020, but after a review of the risks, it may be deemed an advisable addition to your compliance quiver. ... Read More »