Morningstar certainly appears to believe that DBRS is a good investment. Morningstar, a leading provider of independent investment research, announced on Wednesday it has entered into a definitive agreement to acquire DBRS, the world’s fourth-largest credit ratings agency. A news release indicated the transaction has a purchase price of $669 million. Morningstar said it intends […] [Read More]

Filament is leveraging the capacity of the university near its headquarters to cultivate its comprehensive enterprise blockchain solutions for the Internet of Things (IoT). The company is now working with the University of Nevada-Reno’s intelligent mobility initiative to develop a new standard based on blockchain IoT technology for attested data integrity between autonomous vehicles and […] [Read More]

Recovery Specialist Insurance Group (RSIG) and Allied Finance Adjusters are prepping for their annual gathering. REPO19 is set to begin on June 18 in Phoenix. Among the collection of experts set to speak during the three-day event, organizers highlighted the agenda includes Jack Schafer, who is a retired FBI Special Agent in the Behavioral Analysis […] [Read More]

For more than 100 years, Deluxe has been a supplier of business incorporation services and automotive business products with more than 115,000 automotive small business customers. Now, the company is a partner of the National Independent Automobile Dealers Association. Deluxe will offer its products and services through NIADA's National Member Benefit program, and the company […] [Read More]

People mover. Entertainment center. Gathering place. Those are just some of the roles that today’s family car plays. Edmunds considered those and other factors in mind in announcing its 12th annual Best Family Cars list. Honda won in three categories: Best family minivan, best family sedan, and best small family SUV. Ram, Kia, Mercedes, Volvo […] [Read More]

Much hustle gets a dealer’s new and used inventory online and ready to sell. The sizzle is the sale, but the hot coals that drive low-funnel leads — and thus shoppers — into the showroom, is online inventory maintenance. The trendiest dealer website will be hollow and unproductive where these maintenance basics are neglected. This […] [Read More]

For both Asbury Automotive Group and Group 1 Automotive, keeping a close watch on their used-vehicle inventories is an ongoing effort and one that influenced their first-quarter performance. At Group 1 Automotive, its stores retailed 29,317 used vehicles during the first quarter. That figure represented a 7.3% lift year-over-year. Daryl Kenningham, Group 1’s president of […] [Read More]

With Avis Budget Group’s chairman of the board saying that Larry De Shon has played an important role in “positioning Avis Budget for the future of mobility, while navigating through unprecedented industry challenges,” Avis Budget Group said on Tuesday that De Shon was leaving his position as president and chief executive officer of the company. […] [Read More]

It’s been a busy May for Pennsylvania attorney general Josh Shapiro as his office made two moves involving independent dealerships in the Keystone State. Earlier this month, Shapiro reached a settlement approaching $51,000 with a dealership in Mechanicsburg, Pa., involving seven allegations. Then last week, the AG’s office filed a lawsuit against an operator with […] [Read More]

KAR Auction Services joined the Mobility Open Blockchain Initiative (MOBI) last July as the first remarketer to become associated with member-driven consortium of global automotive industry leaders, the goal of which is to explore blockchain tech use in the “digital mobility ecosystem.” On Tuesday, KAR expanded its involvement with MOBI via participation in the electric […] [Read More]