ironcore – Page 142

Kudos to VADA in answering The Washington Post on Teslas bid to breach its agreement with Virginia

Kudos to VADA in answering The Washington Post on Teslaês bid to breach its agreement with Virginia In expressing their opinion on the editorial page the week before last, Washington Post editors took Teslaês side in the electric car makerês quest to set aside its agreement with the Virginia Department of Motor Vehicles on selling […]

CFPB director defends regulation by enforcement

CFPB director defends regulation by enforcement Consumer Financial Protection Bureau director Richard Cordray defended his agencyês regulation by enforcement, instead of by rulemaking, in an appearance before the Senate Committee on Banking, Housing and Urban Affairs. After issuing its controversial bulletin on auto lending three years ago, the CFPB has taken enforcement actions against several […]

Auto financing will increase this year, say lenders

Auto financing will increase this year, say lenders More than half of auto lenders polled at the recent Auto Vehicle Finance Conference expect auto financing to increase this year, WardsAuto reported. Fourteen percent of those surveyed at the conference, organized by the American Financial Services Association, expect a decline in auto financing. As for their […]

Millennials most likely group to buy car in next year

Millennials most likely group to buy car in next year Every week, it seems, thereês a new study showing that millennials either are or are not interested in buying a car. The latest one, from Bankrate.com, is on the good news side for the auto industry. Nearly one-fourth of millennials plan to buy a car […]

Assistant attorney general warns of auto hacking danger

Assistant attorney general warns of auto hacking danger At the Society of Automotive Engineers World Congress in Detroit, the Justice Departmentês assistant attorney general John Carlin warned of the dangers of car hacking. He cited an estimate that by 2020, three-quarters of new cars will have Internet connectivity, and by 2020, driverless cars will be […]

Other methods besides test drives needed to test driverless cars

Other methods besides test drives needed to test driverless cars Autonomous vehicles would have to be driven hundreds of millions of miles and, under some scenarios, hundreds of billions of miles to clearly demonstrate their safety, according to a new Rand report. That doesnêt mean the cars will never be shown to be safe. It […]

Toyota to launch research base to study driverless cars

Toyota to launch research base to study driverless cars Toyota has announced that it will partner with the University of Michigan Transportation Research Institute (UMTRI) at its Ann Arbor campus to study autonomous vehicles. Toyota said it has four goals for the Ann Arbor project. First, it will work toward its ultimate goal of creating […]

Ford F-150 SuperCab is only pickup to win good safety rating

Ford F-150 SuperCab is only pickup to win good safety rating The Ford F-150 SuperCab is the only pickup to earn a good rating in the Insurance Institute for Highway Safety (IIHS)ês small overlap front crash test. The test replicates what happens when a vehicle runs off the road and hits a tree or pole […]

Maryland gained more jobs in past year than any other state

Maryland gained more jobs in past year than any other state Maryland saw the biggest job growth of any state in the year ending March 31, 2016 according to new government data. The state added more than 30,000 jobs in the past year, and the Washington region added 86,000, for annual regional job growth of […]

2016 NADA Convention turns out record attendance

2016 NADA Convention turns out record attendance Maybe it was the new March/April timeframe, or the best new car sales climate in the industryês history. Whatever it was, dealers turned out big time, and were feeling optimistic as they converged on the 2016 NADA Convention in Las Vegas, March 31 to April 3. March sales […]