Hannah Lutz
Automotive News
Detroit, MI, United States
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Past articles by Hannah:
Barra meets with UAW brass as strike continues
The meeting on Wednesday marked the first time GM CEO Mary Barra has been formally involved in labor talks since the previous contract expired Sept. 14. → Read More
GM offer said to revive Detroit, Lordstown plants
The Detroit-Hamtramck assembly plant would build an electric pickup, while Lordstown would make battery cells, according to a person familiar with the offer. → Read More
Women prove themselves every day
Automotive clients, customers and peers often question women's expertise and credibility in their fields. No matter how high-level, many women regularly have to prove their skills and knowledge. → Read More
What's the succession plan at AutoNation?
A series of high-level executive departures at AutoNation -- highlighted by COO Bill Berman's abrupt departure last week -- has raised questions about the succession plan for CEO Mike Jackson, 68. → Read More
Expect no-interest deals, loan terms to fall in Q4
Zero percent financing deals as a share of all new-vehicle sales rose last month, and loan terms reached their highest level since 2002. But if this year aligns with previous trends, the numbers are about to fall. Loan terms and no-interest deals will likely dip in the fourth quarter, Edmunds says. → Read More
Ally net income, originations down as it gets tougher on approvals
Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said today. → Read More
N.Y. attorney general settles with four more dealerships over credit repair
The New York attorney general on Thursday announced four more settlements with dealerships over the illegal sale of credit repair and identity theft protection. The dealerships must pay up to $800,000 in restitution and $64,000 in penalties, a statement from New York Attorney General Eric Schneiderman's office said. → Read More
Too many used cars? Lease them
To cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year, some captives and other lenders are offering leases on used and certified pre-owned vehicles. → Read More
CFPB’s Cordray defends regulation by enforcement
CFPB Director Richard Cordray defended the bureau’s use of regulation by enforcement during a Senate committee hearing, calling it “good, solid law enforcement.” → Read More
Honda Financial says billing glitch is fixed
After significantly overcharging customers Wednesday, Honda Financial has identified and resolved an online processing issue, a spokesman said. → Read More
Honda 'working feverishly' to fix customer billing glitch
Honda Financial Services scrambled Wednesday to identify and repair a payment processing glitch on its website and servers that significantly overcharged consumers. → Read More
Mini dealers optimistic about Clubman, other new products
Product was the hot topic at Mini’s make meeting Saturday, with dealers and the manufacturer analyzing the performance of the Clubman and awaiting the new Countryman and Cooper convertible. → Read More
Lenders panel says worries overblown
A panel of economists and industry leaders told auto lenders gathered for an annual conference that the auto market and auto lending remain strong, with numerous indicators pointing to a solid 2016. → Read More
Store stretches lunchtimes so employees can exercise
After two employees suffered heart problems, Advantage Chevrolet of Hodgkins, Ill., began encouraging managers to take a two-hour lunch break: one hour for eating and one hour for exercising. The rest of the 90-member full-time staff can take hour-and-a-half breaks. → Read More
Subprime lenders to pay Massachusetts car buyers $7.4M for rate overcharges
Westlake Financial Services and American Credit Acceptance will pay $7.4 million to Massachusetts car buyers after the state's attorney general said the lenders charged consumers excessive interest rates on subprime loans. → Read More
For Gen Z buyers, value, safety will be priorities
When it comes to buying automobiles, Generation Z will be practical, budget-conscious and safety-oriented, Cox Automotive said today. → Read More
Compliance focus dents other spending, AFSA chief says
Compliance remains a hot topic in auto finance these days, but auto lenders' investment in compliance training may be digging into their spending on technology and other business resources, the top executive at the American Financial Services Association said this week. → Read More
Average mpg of new cars, trucks holds steady at 25.2 in February
The average fuel economy of new light vehicles sold in the U.S. in February held steady from the month earlier at 25.2 mpg, a University of Michigan Transportation Research Institute report said. → Read More
New-car loan amount, monthly payment hit high in Q4, Experian says
The average amount financed and average monthly payment for new vehicles in the fourth quarter rose to their highest level since Experian Automotive began tracking the data in 2008, the company said today. → Read More
Exeter's new CEO, COO came from Santander
Two executives have left Santander Consumer USA to take top leadership positions at Exeter Finance, the companies said today. Both lenders specialize in subprime auto lending. → Read More