Auto Updates

Auto lenders need to take a close look at their repossession policies and procedures as regulators home in on the process in tandem with an uptick in repossessions industrywide .   The Consumer Financial Protection Bureau earlier this month sued USASF Servicing , the financial arm of now-closed buy here, pay here dealership chain U.S. Auto Sales , alleging that the lender engaged in wrongful repossessions and illegally disabled vehicles.   As the bureau gains a better understanding of the auto finance process, enforcement actions are targeting whether repossessions are valid as well as practices related to disabling or tracking vehicles, John Redding , partner at Alston & Bird , told Auto Finance News .   “The bureau has learned more about [the auto finance] industry and has identified what they consider to be important points in the process that are likely to have meaningful impact on consumers,” he said. “Repossession is a point at which you can materia...

The Australian was taken to hospital having crashed behind Oscar Piastri at the banked Turn 3. An X-ray confirmed he had sustained a break to the metacarpal in his left hand. This came after the driver, who had locked the front tyres through the corner, was still holding the steering wheel as it snapped violently upon impact with the outside barrier. Recalling the shunt, Ricciardo said: “I remember coming into Turn 3. “I had already gotten into the corner and then saw Piastri, so it was either hit him or the wall. “When I hit the wall, I didn’t have enough time to take my hands off the steering wheel, so the wheel came and hit my hand.” Ricciardo will therefore miss the remainder of the Dutch Grand Prix. He will be replaced by Red Bull reserve and current Japanese Super Formula runner-up Liam Lawson. It remains unclear how long Ricciardo will be out for ahead of a congested run of races. The Italian GP takes place immediately after the Dutch round and, after a week’s break, F1 ...

Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – United Auto Workers members overwhelmingly granted union leaders authorization to call strikes during ongoing contract negotiations with General Motors , Ford Motor and Stellantis , if warranted. The union on Friday said an average of 97% of combined members at the automakers approved the action, however final votes are still being tallied. That’s in line with support during negotiations four years ago , when 96% of workers who voted supported authorization for a strike. The “strike authorization vote” is part of the union’s constitution and viewed as a procedural step in the negotiations. The voting results are historically high in support of the authorization. The vote does not mean there will or will not be a strike. “Our goal is not to strike. I want to...

One of the cheapest cars in America is getting a price increase. According to recent order guide data, the 2024 Mitsubishi Mirage will be up to $550 more expensive than before, and have a starting price of $17,950. With fewer cars under $20,000 than ever before, the 2024 Mirage could be one of the last cheap cars. For 2024, Mitsubishi Mirage prices will start at $16,695, or $17,950 after a destination charge of $1,095. At that price, the Mirage ES hatchback is $450 more expensive than the 2023 Mirage’s MSRP of $17,500. The 2024 Mirage G4 sedan has been priced from $19,050, $550 more than the current price of $18,500. That represents a price increase of between 2.5% and 3%, consistent with a lot of year-over-year changes. Although it was recently reported that the Mirage could be discontinued , it appears that the model will continue to be one of the cheapest new cars you can buy in the U.S. in a rapidly shrinking field of competitors. We recently learned that the Kia Rio is going...

GMC on Thursday revealed an overlander concept based on the Hummer EV Pickup . It makes its formal debut on Friday at the 2023 Overland Expo Mountain West in Loveland, Colorado. The concept is called the Hummer EV EarthCruiser, and the name signals a partnership with overlanding company EarthCruiser. The Australian company specializes in building vehicles of all sorts designed to handle extended stays on rough terrain, and has been represented in the U.S. with a division in Bend, Oregon, since 2013. While GMC doesn’t plan to put the concept into production, the automaker said a similar upfit will be available next year at EarthCruiser. The company is currently taking reservations. Pricing hasn’t been mentioned. Among the key modifications is a roof-mounted “house” that’s made from carbon fiber and integrated into the chassis of the Hummer EV Pickup. The vehicle measures 90 inches inches tall when the house is folded flat or 117 inches when fully extended. The house’s own roof is ...

Now that summer is inching toward its end and Labor Day deals are starting to crop up, we’re here to share all of the biggest and best savings on just about everything you need to enjoy the remaining good weather to come. If you’re shopping for yourself, your family or a gift for someone else , you can find savings on a variety of gear — including deals on mattresses , outdoor furniture , camping equipment and so much more. Of course, there are also some of the best style deals of the year. Keep this page bookmarked for all the latest deals while they’re still available. Editor’s Picks Article Magnel Bed Frame article.com $1,199.00 $779.00 (35% off) Article has quickly become a favorite among GP editors and GP readers, alike. The brand’s blend of affordability and quality can’t be beat. READ MORE ABOUT ARTICLE FURNITURE Seiko Automatic 5 Sports Seiko macys.com $475.00 $404.00 (15% off) Coway Airmega 150(K) True HEPA Air Purifier Coway amazon.c...