F&I and Showroom, October 2013
and Family First Dealer Services LLC FFDS have reached an agreement to merge joining NACs vehicle service contract business with FFDS full suite of ancillary products The new company plans to create a one stop administrative resource for an expansive portfolio of products programs and customer service to agents dealers OEMs and fi nancial institutions nationwide CNA National RoadVantage Forge Alliance CNA NATIONAL HAS FORGED AN alliance with RoadVantage to market a full suite of ancillary products to dealerships nationwide CNA Nationals parent insurance company CNA will underwrite RoadVantages line of F I products including both bundled and standalone products such as door ding protection key replacement interior repair theft protection windshield repair and more Dealertrack Acquires VINtek THIS MONTH DEALERTRACK completed its acquisition of VINtek a provider of automotive collateral management electronic lien and title ELT and consumer automotive fi nance processing services for an estimated transaction price of 534 million Details of the fi nancial impact of the transaction are expected to be discussed as part of Dealertracks third quarter earnings conference call in early November NY Regulator Cracks Down on Fake Reviews ATTORNEY GENERAL ERIC T Schneiderman announced that 19 companies had agreed to cease their practice of writing fake online reviews for businesses and to pay more than 350000 in penalties Operation Clean Turf a year long undercover investigation into the reputation management industry the manipulation of consumer review websites and the practice of astroturfing found that companies had fl ooded the Internet with fake consumer reviews on websites such as Yelp Google Local and CitySearch By producing fake reviews Schneiderman said these companies violated multiple state laws against false advertising and engaged in illegal and deceptive business practices
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