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GM customers talent likely to return  Dec 20th, 2012 

The U.S. Treasury's shrinking stake in General Motors Co. - and plans to be free of all shares by early 2014 - mean the automaker should see a boost in earnings and sales, as well as consumer ...  
 
 
GM raises stakes in China by boosting Cadillac dealerships  Dec 20th, 2012 

A Cadillac is displayed at a dealership in Beijing. GM will add about 40 dealers for its upscale brand next year, an increase from about 160 currently. (Nelson Ching / ...  
 
 
GM to benefit from tax break for years  Dec 20th, 2012 

Washington - The Treasury Department's decision to begin its exit from General Motors Co., despite low stock prices, means U.S. taxpayers are almost certain to incur large losses on the $49.5 ...  
 
 
Doug Guthrie 2013 compact Jetta Hybrid is a no-compromises eco-friendly car  Dec 20th, 2012 

Santa Fe, N.M.exicoVolkswagen, which for 17 years has offered wary U.S. car buyers a European-prescribed diesel answer to fuel consumption gluttony, suddenly has a gasoline-electric hybrid that is ...  
 
 
Famed Batmobile to go on the block Jan.  Dec 20th, 2012 

Auto customizer George Barris poses with the original Batmobile in Los Angeles. ...  
 
 
John McCormick Skewed mileage numbers not new  Dec 20th, 2012 

Consumers should not be surprised that their actual mileage fails to meet the numbers on showroom sales stickers.The current furor over inflated gas mileage numbers from the Hyundai/Kia group and ...  
 
 
Mercedes-Benz expected to hire almost 1000 employees next year for production of C-Class sedan  Dec 20th, 2012 

Mercedes-Benz is expected to hire almost 1,000 employees next year that will be needed when its Tuscaloosa plant begins producing the C-Class sedan. According to al.com, the car is expected to ...  
 
 
Gordy backs special Chrysler 300  Dec 20th, 2012 

Music legend Berry Gordy is featured in a new 60-second commercial promoting the Chrysler 300 Motown Edition.The ad begins with Gordy sitting in the backseat of the Chrysler 300 Motown Edition at the ...  
 
 
Intel stock looks attractive  Dec 20th, 2012 

Shares of microchip giant Intel (Nasdaq: INTC) have fallen quite a bit over the past year, presenting a nice opportunity for investors.What's going on? Well, some worry that the market for PC ...  
 
 
Romain Grosjean takes out 2012 Race of Champions  Dec 20th, 2012 

crowned the Champion of Champions at this year’s event in Bangkok. The annual ROC event brings together the world’s best drivers from all the disciplines of competition - both four ...  
 
 
GM may buy or lease jets but executive pay is still limited  Dec 20th, 2012 

General Motors is free to buy or lease corporate jets again, but still must limit executive compensation after the U.S. Treasury Department agreed to sell 40% of its GM shares back to the ...  
 
 
After government sells stock GM can focus on product and profits  Dec 20th, 2012 

General Motors has had two monkeys on its back: the pending launch of redesigned full-size trucks and the stigma of government ownership.The U.S. government plans to sell 40% of its GM stock by the ...  
 
 
Loan rescue supporters cheer U.S. exit plan as critics are mostly silent  Dec 20th, 2012 

WASHINGTON -- For all the political drama the auto rescue generated the last four years, the critics were strangely silent Wednesday as President Barack Obama's administration made its plans for ...  
 
 
Market slips as shares of GM soar 6.6  Dec 20th, 2012 

Stocks dipped Wednesday, recording their first loss of the week.President Barack Obama and Republicans in Congress sniped at each other, and a deadline to avoid sweeping tax increases and government ...  
 
 
Toyota RAV4 gets a stem-to-stern makeover  Dec 20th, 2012 

Among the improvements to the 2013 Toyota RAV4 are better fuel economy, a new transmission, more space and better materials. / JAE C. HONG/Associated ...  
 
 
RTDs north corridor should display rail cars Thornton official says  Dec 20th, 2012 

A move by the Regional Transportation District to buy six new commuter rail cars for the first segment of the planned North Metro Corridor is a good one, says a local official.But RTD should go one ...  
 
 
Hospitals form merger task force  Dec 20th, 2012 

HEALTH CARE Henry Ford Health System and Beaumont Health System have created a task force to oversee the merger of the two hospital systems, they announced Wednesday.Task force members will include ...  
 
 
Former Porsche execs accused in takeover bid  Dec 20th, 2012 

Former Porsche CEO Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen.The ...  
 
 
Mark Phelan Ford C-Max hybrid excels in affordability roominess and fuel economy  Dec 20th, 2012 

Fuel economy is a reason to buy the * * * * 2013 Ford C-Max hybrid crossover, but not the only reason. That matters because critics have questioned how close the C-Max's real-world gas mileage ...  
 
 
Some lanes to reopen on NY road after auto crashes  Dec 20th, 2012 

SHIRLEY, N.Y. -; The westbound lanes of the Long Island Expressway are expected to reopen in time for rush hour following a chain reaction of fiery crashes that killed one person and injured 33 ...  
 
 
In Pictures The 12 cars of Christmas  Dec 20th, 2012 

Not to put too much pressure on you, but I know my wife and kids are going to give me socks and sweaters, so my dream Christmas really rests on your ample shoulders. So here are my 12 Cars of ...  
 
 
Peugeot GM abandon plan to develop large cars  Dec 20th, 2012 

(MENAFN) PSA Peugeot Citroen and General Motors Corp announced that they have abandoned plans to mutually develop a large car, reported Reuters.The two carmaker's alliance, announced earlier in ...  
 
 
Toyota Camry gets slammed in new crash test  Dec 20th, 2012 

America's most popular car fared poorly in a new a crash test from the Insurance Institute for Highway Safety. The auto safety group, which is financed by the insurance industry, recently tested ...  
 
 
Toyota plans global production target of 9.9 mln vehicles in 2013  Dec 20th, 2012 

Japanese car maker Toyota is reportedly planning to set its group global production target at around 9.9 million vehicles for 2013. The firm will, however, shelve a plan to achieve annual production ...  
 
 
Tom Walsh Whats the bailout verdict Time will tell  Dec 20th, 2012 

Think of this as the beginning of the end of the Great Auto Industry Bailout of 2008-09.As such, Wednesday's U.S. Treasury announcement that it will soon dispose of its remaining 500 million ...  
 
 
Thread of the Day: Should the Next-Gen 2017 Nissan GT-R Go Hybrid?  Dec 20th, 2012 
The Nissan GT-R might just be the most beloved member of Nissan’s lineup, and any radical changes to it are bound to be controversial. And what could be more controversial than the addition of a hybrid powertrain in the next-generation GT-R? According to our man in Japan, Nissan is considering that very option for the [...] 
 
 
2013 Honda Accord, Suzuki Kizashi Rated Above 11 Midsize Sedans in New IIHS Tests  Dec 20th, 2012 
Accord and Kizashi Top IIHS Tests 
 
 
GM to buy back US government bailout stock  Dec 20th, 2012 

has announced a plan to buy back 200 million shares of its stock currently held by the US government, purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 ...  
 
 
Auburn Hills suppliers driverless car set to hit Nevada roads  Dec 20th, 2012 

Continental of Auburn Hills today became the first automotive supplier to be approved for a special Nevada license for autonomous driving in its driverless test car.The supplier has met the ...  
 
 
Brazil Auto Tax Cut Extension Aids Car Makers Inflation Control  Dec 20th, 2012 

Brazil's extension of a tax cut on cars through next year will help car makers buy time as they adapt to new industry rules, while also allowing the government to tamp down ...  
 
 
Holiday car deals demystified  Dec 20th, 2012 

Many automakers run holiday and year-end sales promotions that can mean great deals for car shoppers. The need to meet year-end sales quotas also drive dealers to the negotiating table. As 2012 winds ...  
 
 
2013 Mercedes-Benz A-Class Review  Dec 20th, 2012 

The all-new Mercedes-Benz A-Class trades clever innovation for fashionable conformism, but can the wider and lower (and more cramped, and less flexible) hatch cut the mustard, then slather it over, ...  
 
 
Citroen C6 production ends  Dec 20th, 2012 

Citroen C6s delivered in Europe in the first 10 months of 2012, the French manufacturer decided to pull the pin on the ageing model, which has been essentially unchanged since its 2005 launch. The ...  
 
 
A closer look at the General Motors bailout  Dec 20th, 2012 

The Treasury Department plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. ...  
 
 
VW billboard on Stevenson seems to invite drivers to scan a QR code from their cars  Dec 20th, 2012 

A suburban Volkswagen dealership has what could be a smashing deal for distracted drivers — and it's coming to an end soon.Autobarn Volkswagen of Countryside is running a billboard on the ...  
 
 
2013 Volkswagen Golf R Cabriolet revealed in racy video  Dec 20th, 2012 

Volkswagen Golf R Cabriolet is set to become the quickest and most powerful open-top Volkswagen in history. Propelling the flagship all-wheel-drive convertible is the same 2.0-litre four-cylinder ...  
 
 
State denies funding for Oxnards Wagon Wheel Thousand Oaks auto mall projects  Dec 20th, 2012 

Two big projects -- an affordable housing complex in Oxnard's Wagon Wheel area and a 300-space parking expansion at the Thousand Oaks Auto Mall -- have been at least temporarily derailed by the ...  
 
 
Infiniti planning 400kW performance model confirms small-car production  Dec 20th, 2012 

performance flagship model with more than 400kW have been revealed on the Japanese luxury car maker’s official Facebook page, as production of the brand’s firstcompact model has also been ...  
 
 
Next-Generation Chevrolet Camaro to be Built in U.S. Alongside Rear-Wheel-Drive Cadillacs  Dec 19th, 2012 
While the fifth-generation Chevrolet Camaro seems like it just came out yesterday (2010 model year for the sake of accuracy), it is perhaps because we lost all sense of time in when it was actually introduced after a gestation period that lasted from its introduction as a 2006 concept until its late 2009 showroom launch. [...] 
 
 
Infiniti to Begin Production at Sunderland Facility in the United Kingdom, Possible Spot for All-New C-Segment Production  Dec 19th, 2012 
Infiniti announced today that it will begin building vehicles at Nissan’s facility in Sunderland, United Kingdom. This announcement is more proof that Infiniti is serious about expanding its brand across the globe. Earlier this week, Infiniti also decided to shake up its lineup by renaming everything. Infiniti invested more than $331 million into the Sunderland [...] 
 
 
Camouflaged 2015 BMW 2 Series Coupe Spotted Testing in Germany  Dec 19th, 2012 
It’s hard to imagine we’re already talking about model year 2015 cars already. But seeing as how BMW sells all of its vehicles on seven-year cycles regardless of how quickly competition may be moving, it stands to reason that the car you see above isn’t coming out for a while yet. Why else would BMW [...] 
 
 
60 Years of the Chevrolet Corvette  Dec 19th, 2012 
We celebrate 60 years of the Chevrolet Corvette as we count down to the seventh-generation's unveiling on January 13, 2013. 
 
 
2014 Chevrolet Corvette Exterior Design Revealed in New Illustrations  Dec 19th, 2012 
 
 
 
2014 Mazda 6 Starts at $21,675  Dec 19th, 2012 
 
 
 
2013 Carbon TX7 Bound for Production With $149,950 Sticker  Dec 19th, 2012 
 
 
 
Aaron Robinson: The Exquisite, Expensive Hobby of Writing Car Books  Dec 19th, 2012 
The line for the omelet bar at any auto-media breakfast almost always includes a few published authors. Many of my colleagues in the press have tried their hand at writing books about cars, car companies, car culture, or car people. As we butter our crumpets, they often encourage me to do the same, but with [...] 
 
 
2013 Jaguar XJ 3.0 V6 Tested: Still Swift, Still Suave  Dec 19th, 2012 
In the game of U.S. luxury-car sales, Jaguar isn’t even on the sidelines. It’s behind the bench, next to the water cooler, and maybe lying down because it ate something funny. Frankly, the brand gets its butt kicked over here, moving just 5 percent of what either BMW or Mercedes sells and doing only 10 [...] 
 
 
Carbon Motors TX7: Police-Grade Vaporware with a $150K Price Tag  Dec 19th, 2012 
Not content with a claimed 24,442 orders for its E7 cop car—of which it seems exactly one prototype has been produced—Connersville, Indiana–based carmaker and daydreamer Carbon Motors is announcing a second vehicle. A vehicle that’s scheduled to begin production at the end of next year—shortly before the E7 is scheduled to begin rolling off production [...] 
 
 
Spied! BMW 2 Series Coupe Spotted, Next-Gen X5 Sheds More Camo  Dec 19th, 2012 
Here are spy shots of the upcoming 2 Series coupe, which have surfaced just a few weeks after the convertible version was caught testing on German roads. As previously reported, the 2 Series will follow BMW’s revised nomenclature, which specifies that two-doors (and four-door coupes) are assigned even numbers while sedans will sport odd numbers. [...] 
 
 
2013 Toyota Avalon to Offer Qi Wireless In-Car Phone Charging  Dec 19th, 2012 
A new technology offered on the 2013 Toyota Avalon full-size sedan shows just how spoiled modern drivers have become. If it’s too much effort to plug-in your cell phone or other device for charging, well-equipped 2013 Toyota Avalons will offer Qi wireless charging. Available on the 2013 Avalon Limited with the V-6 or the four-cylinder [...] 
 
 
Infiniti President Defends New Model Nomenclature on Facebook  Dec 19th, 2012 
Infiniti’s new naming scheme for its vehicles has prompted outcries of confusion from both the media and the general public, so Infiniti president Johan de Nysschen took to Facebook to explain why Infiniti’s familiar model names are changing. In a nutshell, Infiniti’s new nomenclature works as follows: car names will begin with  ”Q,” while SUV [...] 
 
 
2013 Ford Focus ST Goes up Against VW Golf R, Subaru BRZ on Head 2 Head  Dec 19th, 2012 
On this week’s episode of Head 2 Head, associate road test editor Carlos Lago hits the track to see if the new 2013 Ford Focus ST has what it takes to challenge the direct descendant of the original hot hatch, the 2012 Volkswagen Golf R. Lago starts out by comparing how the Focus ST and [...] 
 
 
Next-Gen Chevrolet Camaro Will Be U.S.-Built Alongside Cadillac CTS, ATS  Dec 19th, 2012 
The next-generation Chevrolet Camaro will be built in the U.S., GM announced today. While the 2013 Chevrolet Camaro is currently produced in Canada at a plant in Oshawa, the revised Camaro will move production to GM’s Lansing Grand River Assembly Plant in Michigan, where the Cadillac CTS and Cadillac ATS are made. Camaro production will [...] 
 
 
Daimler Trucks to relocate Gastonia warehouse  Dec 19th, 2012 

A Charlotte developer is building a Daimler Trucks North America warehouse in Gastonia that apparently will replace the truck manufacturers existing facility there. The 310,000-square-foot building ...  
 
 
U.S. Government To Sell All GM Stock  Dec 19th, 2012 

Within the next 12-15 months, you won't have "Government Motors" to kick around anymore -- the federal government and GM have announced a plan for the U.S. to begin selling its ...  
 
 
TIA sweetens the deal invites food trucks to waiting lot  Dec 19th, 2012 

People waiting for travelers in the cell phone waiting lot at Tampa International Airport will have something else to keep them occupied and their stomachs full. Over the next 30 days, food trucks ...  
 
 
U.S. Fines Toyota $17M for Delayed Safety Reports  Dec 19th, 2012 

The U.S. government has hit Toyota Motor Corp. with a record $17.4 million fine for failing once again to quickly report problems to federal regulators and for delaying a safety recall. The fine ...  
 
 
Recall Alert 2012 Hyundai Veloster  Dec 19th, 2012 

compact hatchback due to problems with the parking brake, according to the National Highway Traffic Safety Administration. The affected vehicles have manual transmissions and were manufactured from ...  
 
 
GM to move Camaro production from Ontario to Lansing plant  Dec 19th, 2012 

General Motors Co. will move production of the Chevrolet Camaro from Oshawa, Ontario, to its Lansing Grand River plant, the automaker announced Wednesday.GM will move the next generation of the ...  
 
 
Toyota eyes 9.9 million vehicle target in 2013  Dec 19th, 2012 

NAGOYA — Toyota Motor Corp. is considering setting its group global production target at around 9.9 million vehicles for 2013, about the same level as this year's all-time high, sources ...  
 
 
Toyota redesigns RAV4 for U.S. market  Dec 19th, 2012 

LOS ANGELES — Toyota Motor Corp.'s RAV4 was an oddity when it went on sale in the mid-1990s: a tiny, low-priced alternative to hulking sport utility vehicles such as the carmaker's ...  
 
 
Wednesday Sector Leaders Auto Parts Airlines  Dec 19th, 2012 

In trading on Wednesday, auto parts shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of Johnson Controls (JCI), up about 3.1% and shares of Delphi Automotive ...  
 
 
Mitsubishi sedan features all-wheel drive  Dec 19th, 2012 

Often overshadowed by its showier Lancer Evolution rally car sibling, the Mitsubishi Lancer sedan is a nimble-handling, decently powered and competitive compact four door in its own ...  
 
 
City Takes Delivery Of First Ford Cop Cars  Dec 19th, 2012 

Police Supt. Garry McCarthy inspects one of the new Ford Interceptors, made at the Torrence Ford assembly plant on the South Side. (Credit: Mike Krauser/WBBM ...  
 
 
What I Learned From Driving the Mitsubishi Electric Car  Dec 19th, 2012 

I am shallow. Looks matter, and I will admit to preferring a hot car with a good brand image to something with considerably less than that. Give me the R8, something from AMG, the SL, the Dino, a ...  
 
 
Recall Alert 2013 Jaguar XF  Dec 19th, 2012 

sedans due to a problem in the electrical system that could affect the fuel pump and cause engine stalling, according to the National Highway Traffic Safety Administration. In the affected vehicles, ...  
 
 
Worlds Most Popular Cars in 2012  Dec 19th, 2012 

Ford has built its global strategy around a handful of cars that sell in large numbers around the world. The Focus compact is the best example. LMC Automotive says Ford will sell an estimated one ...  
 
 
Want to know Kenya Just follow its tractors cars and mosquitoes  Dec 19th, 2012 

He surprised me with how he summed up the challenge: "The problem with Kenya", he said, "is that today we import only 10 per cent of the number of tractors we were doing in the ...  
 
 
Mitsubishi to recall 1.2m cars  Dec 19th, 2012 

Mitsubishi Motors will recall about 1.2 million 660 cc minicar vehicles sold in Japan due to faulty engine oil seals, a part that prevents engine oil from leaking, the Japanese automaker said on ...  
 
 
GM to make next-generation Camaro in Lansing instead of Canada  Dec 19th, 2012 

General Motors said today that it will build its next-generation Camaro at its Lansing Grand River Assembly Plant instead of in Oshawa, Ontario, plant.The move is a possible blow for the Canadian ...  
 
 
Fitch Afirma Calificaciones de Toyota Services de Venezuela  Dec 19th, 2012 

The Bond Bubble: Risks and Mitigants Declining yields for U.S. corporate bonds have created the potential for a 'bond bubble' under which a rising interest rate scenario could result in ...  
 
 
Video Nissan ramps up U.K. car production  Dec 19th, 2012 

The Japanese auto maker is investing 250 million in its Sunderland plant in the north of England, bringing a thousand jobs, while Europe's car industry is at its lowest point in twenty ...  
 
 
Ford to add to diesel engine production for new Transit commercial van  Dec 19th, 2012 

Ford will expand diesel engine production in South Africa to power its new Transit commercial van.Ford's Struandale engine plant in Port Elizabeth, South Africa, will grow its potential output ...  
 
 
GM shifts some auto production to US from Canada  Dec 19th, 2012 

OSHAWA, Ontario -- General Motors is moving production of the next version of its Camaro sports car from its Canadian operation in Oshawa, Ontario to a plant in Michigan.GM Canada said a statement ...  
 
 
So Long Canucks Camaro Production Moves to U.S.  Dec 19th, 2012 

. "Lower capital investment and improved production efficiencies were key factors in the business case," GM said in a statement. Production of the current Camaro will continue in Oshawa ...  
 
 
Gov. Snyder senators praise federal plan to exit GM  Dec 19th, 2012 

Washington - Michigan's governor, two senators and a House Republican praised the announcement that General Motors Co. will repurchase 200 million shares in company stock held by the U.S. ...  
 
 
WSP cars hit in Snohomish Thurston counties  Dec 19th, 2012 

EVERETT, Wash. — A Washington State Patrol car was rear-ended by a car Wednesday morning on Highway 525 in Snohomish County. That followed an accident Tuesday night when another patrol car was ...  
 
 
Reserve deputies outfit own squad cars  Dec 19th, 2012 

GREENFIELD, Ind. (AP) - When Fortville Officer Matt Fox was shot in the line of duty July 27, every officer on duty rushed to the scene in Lawrence, just outside Hancock County. Fox underwent surgery ...  
 
 
Land Rover Freelander SD4 HSE Lux  Dec 19th, 2012 

The staff at Land Rover's headquarters in Gaydon, Warwickshire, always know when the first snow of the year has landed. Whether it's a flurry in the stockbroker belt or a heavy blizzard on ...  
 
 
Report Jaguars coach retiring immediately  Dec 19th, 2012 

The University of South Alabama called a press conference for 3 p.m. on Wednesday to announce that men’s basketball head coach Ronnie Arrow will be retiring, effective immediately. Jeff Price, ...  
 
 
Top 10 best selling cars in Birmingham  Dec 19th, 2012 

See which autos were the best-selling vehicles in Birmingham in 2012. It's been a big year in Alabama for auto manufacturing, as we've previously reported. The manufacturing hasn't been ...  
 
 
Sales at first day of Sanya Intl Auto Show reach RMB20.95 million  Dec 19th, 2012 

The annual 4th Sanya International Auto Show kicked off on December 13 at Dadonghai Square. This year, more than 20 carmakers from both home and abroad showcased their latest cars at the grand ...  
 
 
GM halts production at four U.S. plants  Dec 19th, 2012 

General Motors Co. has idled production at its Orion Assembly Center in Lake Orion this week to help manage inventory levels, a union official with UAW Local 5960 confirmed Wednesday.It's at ...  
 
 
Government prepares to sell General Motors stock  Dec 19th, 2012 

FILE - In this Friday, Oct. 14, 2011, file photo, President Barack Obama speaks at the General Motors Orion assembly plant in Orion Township, Mich. The U.S. government said Wednesday, Dec. 19, 2012, ...  
 
 
US government to sell all stake in General Motors  Dec 19th, 2012 

WASHINGTON - The US government is planning to sell 40% of its General Motors stock by the end of the year to the automobile company and to dispose of the remaining shares within 12 to 15 months to ...  
 
 
General Motors to Buy 200 Million of Its Own Shares from U.S. Treasury Department  Dec 19th, 2012 
You’re taught in business school that the primary role of a corporation is to make money for your shareholders; former General Motors marketing guru and legend in the industry Bob Lutz would quip back that building a strong product would be the key to a company’s success. Shareholders should be put on the back burner [...] 
 
 
60 Years of the Chevrolet Corvette  Dec 19th, 2012 
We celebrate 60 years of the Chevrolet Corvette as we count down to the seventh-generation's unveiling on January 13, 2013. 
 
 
GM To Buy Back Stock From U.S. Treasury  Dec 19th, 2012 
 
 
 
Mercedes-Benz Spruces Up New-Model Configurator, AMG Web Site  Dec 19th, 2012 
 
 
 
End-of-the-World Prediction Sparks Free Car, Tire Offers  Dec 19th, 2012 
 
 
 
2013 Acura TSX Sport Wagon Gets Price Hike  Dec 19th, 2012 
 
 
 
2013 Toyota RAV4 Priced from $24,145  Dec 19th, 2012 
Toyota’s redesigned 2013 RAV4 goes on sale next month, and just in time the company has released full pricing info for the new crossover. The updated RAV4 debuted earlier this year at the 2012 L.A. auto show with evolutionary styling changes and a new four-cylinder engine to help it do battle against refreshed competition like [...] 
 
 
One Piece at a Time: This Brit Is Building an F1 Car in His Backyard—Can You Help?  Dec 19th, 2012 
Dumpster diving yields better results when it’s done in the correct dumpster. Kevin Thomas, a regular bloke living near Brighton, England, is surrounded by fantastic dumpsters. In his garden shed, Thomas is slowly putting together his own Formula 1 car based on parts from a 2001 British American Racing 003. The idea came to him [...] 
 
 
CFPB Proposes Policy Test  Dec 19th, 2012 

cfpbThe Consumer Financial Protection Bureau (CFPB) announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis.

As part of its Project Catalyst initiative, and in line with its statutory authority, the Bureau's goal is to encourage banks, credit unions, and other financial services companies to propose and conduct trial disclosure programs.

 
 
 
Police Arrest Dealer for Not Paying Tax  Dec 19th, 2012 

embezzlementA former Florida used-car dealer has been arrested on charges that he stole more than $130,000 in sales tax he collected from customers, but failed to send in to the state.

Biel Semexant, Jr., the former owner of Smart Carz, LLC, and Auction Access USA, was arrested by the Broward County Sheriff's Office on Dec. 4 on felony charges relating to theft of state funds, filing a false or fraudulent return, and failure to file six consecutive returns. If convicted, he faces up to 15 years in prison and up to $10,000 in fines, as well as possible repayment of stolen tax, interest, penalty and investigative costs. Semexant's dealerships were located on North Dixie Highway in Wilton Manors.

 
 
 
Bad Experience Loses Customers  Dec 19th, 2012 

customerserviceTemkin Group, a leading market research and consulting firm that helps organizations improve their customer experience, released a new research report: "What Happens After A Good or Bad Experience?" The study, based on a survey of 5,000 U.S. consumers, analyzes feedback and purchase behaviors after good and bad experiences.

 
 
 
FTC Announces New Consumer Chief  Dec 19th, 2012 

ftc_logoThe Federal Trade Commission recently announced some management changes.

David C. Vladeck, director of the FTC's Bureau of Consumer Protection, is leaving the agency on Dec 31 to return to a faculty position at Georgetown University Law Center. Charles A. Harwood, who has been a deputy director in the Bureau for the past three years, will serve as acting director.

 
 
 
Infiniti Compact to be Made in U.K., Rumored to Get Mercedes Underpinnings  Dec 19th, 2012 
Hot on the heels of its new naming scheme, Infiniti has announced production of its upcoming compact hatchback will take place at Nissan’s facility in Sunderland, United Kingdom following a £250 million ($407 million) upgrade. We actually already have a pretty good idea what to expect from the new hatchback. Going by Infiniti’s recently-announced naming scheme, [...] 
 
 
GM To Repurchase 200 Million Shares From U.S. Treasury  Dec 19th, 2012 
General Motors announced that it will start to buy 200 million shares currently owned by the U.S. Treasury. The move is part of the government’s efforts to shed all its holdings in GM over the next 12 to 15 months. In 2009, the U.S. Treasury purchased 500 million shares of GM as part of its [...] 
 
 
13,500 2012 Hyundai Velosters Recalled for Panoramic Sunroof Issue  Dec 19th, 2012 
The National Highway Traffic and Safety Administration has issued a recall affecting 13,500 2012 Hyundai Veloster three-door hatchbacks. The Problem: The assembly of panoramic sunroofs on 2012 Hyundai Velosters produced from November 1, 2011 through April 17, 2012 may have been weakened during installation at the factory. A weakened panoramic sunroof could break while the [...] 
 
 
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