PointPredictive wants to help auto finance companies to work together to combat fraud, so the firm is deploying an extension of its collaboration endeavors. This week, PointPredictive announced the launch of Fraud Data Exchange, a new cooperative service that can provide auto finance consortium members with the ability to contribute data elements from confirmed fraudulent […] [Read More]

TransUnion is putting more resources into fraud prevention. On Friday, TransUnion said it has agreed to acquire iovation, one of the most advanced providers of device-based information in the world, strengthening its position in fraud and identity management. While financial terms were not released, the company indicated the acquisition is anticipated to close late in […] [Read More]

Copart has cleared the estimated over one million abandoned scrap tires that the company pledged to remove from the former San Antiono tire disposal site it just acquired in January. It has only been about five months since the company promised to fund and oversee the clearing of the 36 acres of land that housed the former Safe Tire Disposal Corp. […] [Read More]

A start-up in the electric-vehicle space is gaining momentum with the appointment of a former high-level Blue Oval executive. Faraday Future (FF) — which dubs itself as wanting to bring premium, intuitive and seamlessly connected electric vehicles to people worldwide — announced on Thursday that Michael Agosta has been appointed the position of vice president of […] [Read More]

motormindz has brought aboard Bruce Coventry to serve as new managing partner to head the company's automotive manufacturing and technology practice.       Conventry is an industry leader with 40-plus years of auto tech experience, who has spent his career working in manufacturing, industrial engineering, purchasing and product design. Conventry has previously held a variety of executive roles at General […] [Read More]

Cox Automotive Canada has teamed up with the Ontario Association of Chiefs of Police (OACP) for its annual Drive Safe Campaign. During the launch of the 2018 Drive Safe Campaign Wednesday, the company unveiled a new strategic partnership to promote safety on Ontario’s roads and highways. With the arrival of new technology and changes to […] [Read More]

Along with some noteworthy developments about how finance companies are striving to improve the quality of paper flowing into their portfolios, the latest monthly U.S. Auto Loan ABS tracker from S&P Global Ratings contains other elements that should delight industry observers and participants. Perhaps most notably, the analyst team at S&P Global Rating began its […] [Read More]

Two technology services that a wide array of buy-here, pay-here operators use now have finished a collaboration to help dealerships. PassTime, a provider of GPS solutions, and Megasys, a provider of complete loan servicing systems for the consumer finance industry, announced the companies have completed a software integration project. With the new integration project complete, […] [Read More]

An artificial intelligence-driven company is providing cyber defense for a group specializing GPS technology for self-driving cars and drone helicopters. Sounds like it belongs in the script of a Will Smith or Tom Cruise movie set 30 years in the future instead of an automotive business publication. But that’s exactly the news this week coming […] [Read More]

Westminster Toyota has broken ground on construction for a new facility just a few minutes away from its current location. Along with a new an 8,000-square-foot showroom, service center and rooftop display of vehicles, according to Toyota Canada, the new Westminster Toyota location going up will feature a technology center designed to further enhance the car buying experience […] [Read More]