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Trending Auto Retail News

Goldman Sachs Affiliate Acquires Safe-Guard

Atlanta, GA – Safe-Guard Products International, LLC (“Safe-Guard” or the “Company”), a leading provider of finance and insurance (“F&I”) products to the automotive industry, announced today that an affiliate of Goldman Sachs, in partnership with management, has...

Congress Repeals Obsolete Insurance Booklet Mandate at Dealerships

WASHINGTON – Senators approved today a bipartisan bill, H.R. 5859, which eliminates an unnecessary mandate that requires new-car dealerships to keep an obsolete insurance booklet on hand or face a hefty fine. The legislation, endorsed by the National Automobile...

Lithia Motors Increases Credit Facility to $800 Million

Lithia Motors Increases Credit Facility to $800 Million

MEDFORD, OR-- Lithia Motors, Inc. (NYSE: LAD) announced today that it has increased its existing revolving syndicated credit facility by $150 million, bringing the total availability to $800 million. The facility includes 10 institutions and will expire in April 2017....

Inilex Set to Finish 2012 with 100% Auto Recovery Rate

Reassuring news comes as worst car-theft days near PHOENIX - Today Inilex, a leading provider of aftermarket telemetry solutions for vehicles, announced that 2012 will be the third straight year it has achieved a 100 percent recovery rate for vehicles using its...

Westlake Partner Releases Major Update to DealerCenter Website

LOS ANGELES -- Westlake Financial Services, a full spectrum auto finance company, announces a major update to the DealerCenter (www.dealercenter.net) website. DealerCenter is operated by Nowcom Corporation, Westlake’s sister company under the Hankey Investment Group...

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