ICYMI: FTC names the 97 dealerships and groups it warned about deceptive pricing. New-vehicle sales are expected to hold steady in May, despite economic pressure. Scout Motors to bring 1,200 jobs to new Charlotte HQ. Volvo secures U.S. approval to continue vehicle sales despite China-linked restrictions. Ferrari launches Luce, its first all-electric vehicle. Here’s a closer look at these top stories and more headlines to stay on top of this week’s automotive industry news. FTC names the 97 dealerships and groups it warned about deceptive pricing The Federal Trade Commission (FTC) has made public the names of the 97 auto dealership groups it warned about deceptive pricing practices in March, revealing that several of the country’s largest retailers were among the recipients. Initially, the FTC sent the letters in March, warning dealers that advertised vehicle prices must reflect all mandatory fees. At the time, the agency declined to identify the recipients. However, those names are now listed on the FTC’s website, alongside copies of each individual warning. Read More May auto sales expected to hold steady despite economic uncertainty. U.S. new-vehicle sales are expected to remain stable in May, despite economic uncertainty, high fuel prices, and geopolitical tensions, as a stronger stock market and higher-income buyers are supporting demand. According to Cox Automotive’s latest forecasts, May’s seasonally adjusted annual rate (SAAR) is expected to be roughly 16.1 million units. Read More Scout Motors to bring 1,200 jobs to new Charlotte HQ Scout Motors has chosen Charlotte, North Carolina, as the location for its new corporate headquarters, expanding the company’s footprint in the Carolinas ahead of planned vehicle production in 2027. The emerging automaker said the investment will create more than 1,200 jobs in the Charlotte region over the coming years as the company prepares to launch the Scout Traveler SUV
Weekly roundup: FTC reveals names of dealers warned over deceptive pricing, New-<b>vehicle</b> ...
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