The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting misconduct. The auto-financing arm of Toyota Motor Corporation prevented borrowers from canceling product bundles that increased their monthly car loan...
American consumers may not want new cars, but they apparently need them. As Bloomberg News reported Monday (Oct. 2), car buyers are visiting dealerships “out of sheer necessity,” replacing vehicles that are — on average — a dozen years old in spite of high interest rates and prices. “You’re...
Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the automotive industry and the integration of artificial intelligence (AI) into vehicles. Having established itself as a location platform for mobile...
When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be 13.7 million for last year, the lowest number in more than 10 years, The Wall Street Journal (WSJ) reported Wednesday...
November 25, 2021
Planning to drive somewhere over the long Thanksgiving holiday weekend? There may be nearly 4 million more people on the road than there were last year. AAA forecasts that the number of Americans traveling by car for the holiday will be up 8% from 2020 — and only 3% below the number of holiday travelers […]
January 10, 2018
It’s hard to look at the explosion of order-ahead capabilities for coffee, food and even groceries, and to think, “Now that is a concept that is failing to live up to its...
November 20, 2023
The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting misconduct. The auto-financing arm of Toyota Motor Corporation prevented borrowers from canceling product bundles that increased their monthly car loan payments, withheld refunds or refunded incorrect amounts, and knowingly tarnished […]
October 02, 2023
American consumers may not want new cars, but they apparently need them. As Bloomberg News reported Monday (Oct. 2), car buyers are visiting dealerships “out of sheer necessity,” replacing vehicles that are...
September 19, 2023
Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the automotive industry and the integration...
January 04, 2023
When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be 13.7 million for last year,...
