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Car sales blog. The automotive news.

  • Wells Fargo might pay $1 billion fine for loan abuses
    20 Apr 2018

    The company which is about to set a record fine of $1 billion imposed by two U.S. regulators for its risk management business is none other than Wells Fargo & Co. Lask week the company got a proposal from U.S. Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC), to resolve probes into auto insurance and mortgage lending abuses at the third-largest U.S. bank. Wells has acknowledged that it charged customers for excessive auto insurance, a burdensome expense that caused some to see their cars repossessed after defaulting on loans. Wells Fa...

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  • Uber has suspended its public road testing in 4 states
    27 Mar 2018

    After Uber has been blocked from testing its self-driving cars in Arizona, we thought it might go back to California, but it won’t. The company will not renew its permit to test self-driving vehicles in the state.  The company suspended its public road testing in Arizona, California, Pittsburgh, and Toronto immediately after the crash. In a letter to Uber sent Tuesday, the California Department of Motor Vehicles said the company had not indicated it would renew its testing license when it expires March 31.  In order to renew the license, Uber would have to address any...

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  • BMW has installed the wrong software on its luxury models
    23 Feb 2018

    BMW has just discovered that it has installed the wrong programming on its luxury 5 and 7-series models. Due to this issue, all the models with the unsuitable software would be recalled. The automaker did inform the relevant authorities immediately after the problem has been discovered.BMW issued the statement after a report in news suggested it had installed software that manipulated emissions of harmful gases such as nitrogen oxide, something its management has always denied. Competitor Volkswagen reached a multi-billion-dollar U.S. settlement after admitting installing so-called "defea...

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  • Improper inspections lead Nissan to low profits
    08 Feb 2018

    It seems like Nissan isn’t doing as great as we thought. Its sales went down due to high costs from improper final inspection procedures at home and higher discounts in the U.S.. Nissan's quarterly operating profit was 82.4 billion yen ($752 million) between October and December, down from 163.51 billion a year earlier. The automaker took a 39.6 billion yen hit in the quarter due to costs related to improper procedures for final inspections on vehicles produced at its Japan plants, while U.S. marketing and sales expenses, which include incentives, cost the automak...

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  • Kia and Alfa Romeo named finalists of the North American Car Awards
    29 Nov 2017

    It’s the first time ever for Kia and Alfa Romeo to be named finalists for the North American Car, Truck and Utility of the Year Awards. The nine vehicles still in the running for the 2018 awards also include two chances for Honda to extend its winning streak to a third consecutive year. The three car finalists announced Wednesday at the Los Angeles Auto Show are the Toyota Camry, Honda Accord and Kia Stinger. The Camry and Accord, which have long battled for supremacy in the now-fading midsize sedan segment, will be up against Kia's first serious performance car.  In t...

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