Dealership groups turn to Venmo, Zelle to pay customers for used cars
Digital payment platforms are being used at some of the nation’s largest dealership groups as an option vehicle sellers can select to receive payments.
Musk says he is terminating $44 billion Twitter deal; litigation looms in Del.
Musk’s announcement brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but then put the buyout on hold. Now Musk faces a possible $1 billion breakup fee and litigation from Twitter’s board.
California dealer agrees to $2.5 million settlement of ringless voicemail lawsuit
The allegations against Moss Brothers Auto Group claim the company continuously used ringless voicemails that amounted to “aggressive unsolicited marketing.”
Ford recalls 100,000 U.S. vehicles for fire risks, expands earlier recall
The new recall covers certain 2020 through 2022 model-year Ford Escape, Maverick and Lincoln Corsair vehicles with 2.5-liter hybrid/plug-in hybrid engines.
Wholesale used-vehicle prices fall in June, with smaller increases forecast for second half of 2022
The Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, fell 1.3 percent in June compared with May.