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Fake News or Fake Truck? Hindenburg Alleges Nikola One Videos Were Faked

Nikola Motor Company (“Nikola”) is an Arizona-based startup company that designs and manufactures electric components, drivetrains and vehicles.

U.S. Car Manufacturing at Risk?

The automotive industry plays a major role in the United States’ economy, comprising approximately 4% of the country’s economic output each

IRS Micro-Captive Letter 6336 Round 2 Issued

In January, the IRS announced that it would be significantly increasing enforcement activity around abusive micro-captive insurance transactions. In late

What is the Impact of COVID-19 on Dealership Valuations?

When the COVID-19 outbreak was declared a national emergency on March 13, nonessential businesses were closed by government order, which triggered a national

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Documenting Paycheck Protection Program Requirements of “Need and Liquidity”

INTRODUCTION There has been significant, additional attention and scrutiny surrounding the required Paycheck Protection Program (“PPP”) loan

IRS Inquires Are Being Issued for Micro-Captive Insurance Companies

Many dealers have received an inquiry regarding “Micro-Captive Insurance” and Notice 2016-66 (“Notice”). If you continue to participate

Autonomous Mobility

If you follow Automotive News, you may recall an article about a month ago that addressed General Motors’ vision for its self-driving, multi-passenger

Which Reinsurance/Warranty Company Structure Should I Choose?

When your head stops spinning, take a deep breath and let’s discuss the types of reinsurance/warranty companies you should consider. The number of

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Here's to John Putzier

On February 13, I attended the Greater Pittsburgh Automotive Dealer Association’s (“GPADA”) “Dancing with the Cars” preview

New Optional Standard Mileage Rates for 2020

The IRS recently released the optional standard mileage rates for 2020, as follows: 57.5 cents for every mile of business travel driven (down 0.5 cents

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