Tag Archives: million

Hyundai Motor America has agreed to pay a cash penalty of $ 54 million and other fines that could add up to $ 140 million. Kia Motors America was also fined and could pay as much as $ 70 million. This is the result of an inquiry by the National …

Lightico, a software as a service company that connects auto finance customers to lenders through a mobile portal, announced this week that two major auto lenders are using its platform and that it banked a $ 13 million investment. Westlake Financial Services and Capital One Auto Finance both use Lightico’s …

City of Detroit via Twitter Residents in different parts of the city of Detroit have been asking for more traffic-calming methods for years, and the city has finally responded. Installing 4500 speed humps (different from speed bumps) will cost around $ 11.5 million and is a dramatic increase from the …

While the Small Business Administration’s rapidly deployed Paycheck Protection Program shielded many from disaster, some automotive dealerships struggled to obtain the much-needed support. Some dealerships had trouble accessing the SBA website in the early days, and some of the documentation on the site didn’t meet compliance standards, according to Pete …

Fiat Chrysler Automobiles (FCA) is considering a recall on about a million vehicles equipped with its 2.4-liter Tigershark engine, which may be producing excess tailpipe emissions, as the Detroit Free Press first reported today. This issue is unrelated to recent lawsuits claiming that same engine burns oil at an abnormal …

National Advanced Driving Simulator From the June 2020 issue of Car and Driver. At the University of Iowa’s National Advanced Driving Simulator (NADS) research center, more than 40 faculty, staff, and students use a 93-ton moon-lander-looking machine and a variety of vehicle cabs to study the way people drive. This …

Have $ 10 million to blow on something car related? We’re pretty jealous—that can get you a lot of Miatas. But if you’d rather not spend your money on cars, we can recommend something even more exciting: an entire racetrack. Built in 2008, Oregon Raceway Park is a 2.3-mile, 16-turn …

The bankruptcy court estate for Reagor Dykes, the Texas dealership group toppled by claims it defrauded lenders in an elaborate Ponzi-like scheme, is suing Ford Motor Credit Co. for $ 315 million, alleging that the captive lender knowingly turned a blind eye to its illegal dealings. The estate filed the …

This $ 62 million Los Angeles mansion comes with a 15-car “auto gallery,” an adult version of a toy racetrack, and a racing simulator. At 15,642 square feet, this home looks like a playhouse for any auto enthusiast with deep pockets. Beyond the price tag, what’s not to like? This …