News
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
Toyota Exec Lashes Out at US Regulations Promoting EV Sales
Toyota North America COO Jack Hollis said EV mandates appear “impossible” to achieve and could hurt consumers in California and 12 other states. Read more at Bloomberg
California’s ‘Ban’ on Motorhomes: What You Need to Know
Despite trade groups’ best efforts, new regulations taking effect in 2025 will effectively prevent RV dealers from selling diesel coaches — and not just in California. Read more at RV Business
