F&I and Showroom, March 2020

GETTYIMAGES COM ALFEXE www fi magazine com 10 F I and Showroom March 2020 DEVELOPMENTS ADESA a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services has named new general managers at two of its 74 North American auctions David Claxton at ADESA Minneapolis and Terry Costner at ADESA Nashville Additionally Cheryl Toler returns to ADESA Los Angeles in the auction manager role and Amanda Brendle takes the helm at ADESA Fresno as auction manager BYD has named Samuel Kang its head of Total Solutions for North America He will serve at BYDs North American headquarters in downtown Los Angeles integrating BYDs wide range of products from solar power generation to energy storage to heavy duty electric vehicles to bring green tech solutions to BYDs customers Reporting to President North America Stella Li Kang will expand BYDs strategic outreach for innovation and total solutions and guide BYDs drive to create a green ecosystem with the ability to generate store and use zero emission energy to power buildings as well as zero emission vehicles RoadVantage an F I product provider announces the addition of Mark D Johnson as Operations Support Manager Mark has led teams ranging from 50 to 350 employees across functional areas of operations supply chain marketing sales maintenance and information technology Recognized for a collaborative leadership style and a keen ability to effectively translate complex operational concepts into tangible action plans Mr Johnson is a proven entrepreneurial leader who will help RoadVantage continue to achieve record growth Moves and Hires Volkswagen reaches 900 million deal NADA 2020 ENDS ON A POSITIVE NOTE NADA is currently positioned in the most impactful way to advocate on behalf of dealers while also providing educational tools and resources to help increase profits and success NADA has never been in a more fiscally fit position We want to make sure we can leverage that for advocacy as well as we want to get deeper and better education and tools for all the dealers said Rhett Ricart 2020 NADA Chairman on the final day of the NADA Show in Las Vegas With a number of recent legislative wins and a new facility NADA is prepared to take on a new decade of dealer advocacy Trust me this is a dealerdriven organization added Peter Welch NADA President and CEO Volkswagen and one of Germanys major consumer groups have reached an 830 million euro 90204 million USD agreement in the class action lawsuit over the carmakers apparent rigging of diesel emissions tests This deal is a step in the right direction in the efforts of German carmakers to make amends after they admitted to using illegal software to cheat U S diesel engine tests back in 2015 These efforts have cost Volkswagen more than 30 billion in fines vehicle refits and provisions As part of the deal the 830 million euros will be divvied up amongst about 260000 members included in the class action lawsuit The amount received will depend on both the model and year of the car Nearly all U S owners of affected cars agreed to take part in a 25 billion settlement in 2016 in the United States but VW has said there was no legal basis for consumers in Germany to seek compensation due to differences in law An initial attempt to reach the 830 million euro settlement with VZBV failed this month for which VW blamed demands for 50 million euros in fees by lawyers representing the consumer groups