News
Calif. Dealer Sues Nissan, Alleging Retaliation Over Ghosn Ties
The owner of two Los Angeles-area Nissan dealerships says the factory orchestrated a “deliberate and nefarious scheme” to “suffocate” his rooftops. Read more at Dealer Agent News
Trump Pardons Nikola Founder Facing 4-Year Sentence
Nikola founder and former CEO Trevor Milton says he has been pardoned by President Donald Trump, escaping a four-year federal prison sentence and $1 million fine. Read more at Auto Dealer News
Report: Cyberattacks Cost Auto Industry $22.5B in 2024
VicOne’s latest annual report finds cyberattacks cost the global automotive industry $22.5 billion last year, up from about $1 billion in 2022. Read more at Auto Dealer News
Auto Lending Fraud Risk Exposure Passes $9B Mark
Point Predictive’s latest report finds finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. Read more at Dealer Agent News
Deepfakes Meet Auto Finance in Sophisticated Fraud Schemes
Attorney Tom Oscherwitz says generative AI-powered “deepfakes” are giving criminals new ways to defraud dealers and finance sources. Read more at DealerELITE
Ford Ordered to Pay Ark. Dealer $18M After Blocking Sale
Auto Dealership Partners has won an $18 million judgment after accusing Ford of engaging in “deceit and fraud” by blocking the purchase of a franchise. Read more at Arkansas Business
