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GM Reveals That It Faces A Number Of Investigations

Apr 24 2014 05:45 PM | GM News
In a securities filing today, General Motors revealed that it is currently under five different government investigations into its handling over the ignition switch recall. The five investigations include ones from U.S. Attorney’s Office for the southern district of New York, Congress, NHTSA, the SEC, and a unnamed state attorney general.
“We are also the subject of various inquiries, investigations, subpoenas and requests for information from the U.S. Attorney’s Office for the southern district of New York, Congress, NHTSA, the SEC, and a state attorney general in connection with our recent recall. We are investigating these matters internally and believe we are cooperating fully with all requests...

Three FTC Officials Call For End To The Anti-Tesla Store Laws

Apr 24 2014 02:25 PM | Tesla News
In a surprising move today, three top officials from the Federal Trade Commission have come out against the laws that ban automakers like Tesla from selling their vehicles directly to consumers.
Andrew Gavil, director of the FTC's Office of Policy Planning; Deborah Feinstein, director of the Bureau of Competition; and Martin Gaynor, director of the Bureau of Economics wrote in a blog piece on the FTC site that states the dealer franchise laws are a 'bad idea' since it doesn't allow consumers to shop in new ways.
"For decades, local laws in many states have required consumers to purchase their cars solely from local, independent auto dealers," the three said in the post. "Removing these regulatory im...

Subaru WRX Hatchback? Yeah, It Isn't Happening

Apr 23 2014 07:15 AM | Subaru News
Earlier this month, we reported in the rumorpile that Subaru was possibly reconsidering bringing back the WRX hatchback.
“We have received strong interest from the US, where the hatchback was 50 per cent (of previous-generation WRX sales), so we're now considering,” said Masuo Takatsu, Subaru's general manager for the WRX. “The main target for WRX is the US, Japan is number two, Australia number three. Basically, we target these three markets."
However, the dream of the WRX hatchback has been brought to an end. Motor Trend learned from a source at Subaru that the American office was surprised by the comments made by Takatsu and decided to contact the home office to find out what's...

Scion Plans A Major Overhaul Of Its Lineup

Apr 22 2014 01:18 PM | William Maley in Scion News

Scion has been hamstrung for the past couple of years with an aging lineup. While new models such as the FR-S and updated tC have helped somewhat, Scion's sales have been declining. But the brand is planning to overhaul their lineup starting next year....

Rumorpile: The Changing Of The Guard At Ford

Apr 21 2014 04:05 PM | William Maley in Ford News

The end of an era appears to be coming very soon. A new report from Bloomberg says Ford CEO Alan Mulally will step down and that Mark Fields, the current Chief Operating Officer will take his place sometime this year. Two sources tell Bloomberg th...

Rumorpile: Mercedes-Benz To Show Resurrected Maybach At LA & Guangzhou Auto Shows

Apr 21 2014 10:35 AM | William Maley in Mercedes Benz News

A new report from Reuters says we'll get our first look at the new Maybach this November at the Los Angeles Auto Show and Guangzhou Motor Show. We've been hearing about the resurrection of the nameplate for the past few months, but weren't sure wh...

Lexus Unveils The NX Crossover

Apr 21 2014 07:45 AM | William Maley in Lexus News

The hot thing in the automotive marketplace, especially in the luxury car segment is compact crossovers. At the moment, we have the BMW X1 and Buick Encore. Before too long, the Audi Q3 and Mercedes-Benz GLA-Class will be making an appearance. Now anot...