News
CDK Sued by Rival Tekion Over Dealer Systems
Dealer technology provider Tekion has filed a federal lawsuit against CDK Global as part of an escalating dispute over data and vendor transition. Read more at Reuters
LaFontaine of Livonia Agrees to Fines for Allegedly Falsifying Documents
A Detroit-area Hyundai showroom has reopened after state regulators accused the dealership of fraudulently leasing pre-owned vehicles to some customers. Read more at Fox 2 Detroit
Trump Picks Sean Duffy to Be Transportation Secretary
If confirmed, the former congressman and Fox host would likely be tasked with reversing the Biden administration’s EV-friendly emissions rules. Read more at Reuters
UK Auto Loan Controversy Could Cost Banks Billions
British financial institutions may flee the auto lending sector after a bombshell appeals court ruling put them on the hook for massive consumer payouts. Read more at PaymentsJournal
Former Ga. Dealer Sentenced for $3 Million Fraud Scheme
The former owner of Mitch Simpson Motors was sentenced to 41 months in federal prison after stealing a total of $3 million from three floorplan lenders. Read more at DOJ
Moreno Says He and Trump Want to Overhaul Car Industry
Senator-elect Bernie Moreno, a former dealer and factory executive, wants to scrap policies that produce “cars people don’t want.” Read more at Yahoo News
