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DriveTime Seeks New CEO

DriveTime announced an executive succession process.DriveTime and Ray Fidel, its CEO, entered into definitive agreements in November for Fidel's transition out of his role in December.  The transition process is completed. The company is currently searching for a CEO for its retail operations.State Charges Employees with Tire TheftSeven men were arrested on a total of 21 felony charges for their roles in a tire theft ring that involved the Nevada Department of Transportation.According to the complaint, during his employment at the Department of Transportation, Anthony Canada used a State of Nevada credit card to make unlawful purchases of new tires. Canada would then, along with fellow NDOT employees Steve Pappas, David Dinicola and Dale Wageman submit false work orders or labor hours to justify the purchases. The complaint further alleges that Benito DeSantiago, Virgilio Quezada and Richard Matters illegally took possession of these fraudulently obtained tires.Quezada was the only non-NDOT employee.The alleged frauds were committed between December 2014 and April 2015.

Cars.com Adds Tech Vet to Board

Cars.com announced the appointment of Bala Subramanian as a non-executive member of its Board of Directors. The addition of Subramanian follows a comprehensive search process that concluded when the board approved his candidacy on Dec. 15.Subramanian has more than 15 years of leadership and management experience in the technology and digital retail fields. Subramanian is currently the chief digital officer of Best Buy and previously served as its chief technology officer.

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Edmunds Announces Tech Awards

Edmunds, the leading car shopping and information platform, and the Consumer Technology Association (CTA), the producer of CES, announced six of the seven winners of the inaugural Edmunds CES Tech Driven Awards. The awards announced recognize the automakers at CES that have developed the most forward-thinking vehicles and technology features available for car buyers to purchase in 2018. The seventh award category honors the most transformative new concept vehicle or automotive technology announced at CES, and the winner will be named during the show. The winners of the 2018 Edmunds CES Tech Driven Awards are:Most Innovative Car: Honda ClarityMost Innovative Truck: Ford F-150Most Innovative SUV: Honda CR-VMost Innovative Driver Assist Feature: Porsche InnoDriveMost Innovative Infotainment System: Audi MMIMost Innovative Automaker: Audi


Cars.com Adds Markets

Cars.com Inc. and McClatchy, a news media company, announced an agreement to convert the remaining 17 affiliate markets into the Cars.com direct sales channel prior to the October 2019 affiliate agreement expiration date. The agreement follows an earlier November initial accord to convert five markets.The new agreement includes marketing support payments through 2019 reflecting a continuing relationship between Cars.com and McClatchy. McClatchy also will continue to partner with Cars.com, promoting Cars.com in its markets while also acting as a premier digital marketing partner for other digital solutions through its Excelerate Auto brand.

 

Auctions Across America Fall 2017