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By Stacy M. Brown, NNPA Newswire Senior National Correspondent If there ever was a perfect marriage between a corporate sponsor and one of golf's alphabet soup organizations, the Wells Fargo Championships at TPC Potomac…

They could also win hundreds of millions of dollars in prize money. Around 47.5% of F1's profits make up the prize money, which is then split into two categories: half goes to F1 and its shareholders; half goes to the teams, who…

United States Sales at Toyota Motor Corp., hyundai and KIA fell double digits in April from a year earlier when industry volume soared as shortages of key parts and stalled supply lines continue to undermine production and shipments…

BERLIN — German automakers and suppliers have said they are preparing for the possibility that Russia will cut gas supplies following the conflict in Ukraine.Gazprom, Russia's major state-owned energy company, last week fired a warning…

Lucide Group Inc.. said it would sell up to 100,000 electric vehicles to the Kingdom of Saudi Arabia over the next decade, ranking among the biggest purchases of plug-in models ever. The automaker has reached an agreement with the Saudi…

Twitter wants to know about any active investigation by regulators of Musk, including by the U.S. Securities and Exchange Commission, that poses a risk to the deal going through, one of the sources said. Securities lawyers say Musk, who…

Ford will launch its F-150 Lightning electric pickup on April 26. By : HT automatic office | Updated: 23 April 2022, 12:35 electric pickup truck. (Ford)" title="File photo of the Ford F-150 Lightning electric pickup…

A Kia dealership in Maryland may owe customers more than $1 million in refunds after settling allegations that it charged fees and shipping charges on top of the vehicle's advertised price.Koons Kia, based in Owings Mills, Md., has not…

Canadian supplier Magna International Inc. and South Korean LG Electronics Inc. today opened a plant in Mexico that will supply parts for General Motors electric vehicles, the companies announced today. LG Magna e-Powertrain, the 2021…

Investors took particular aim at Musk's comments at a TED event last week in Vancouver. He said "I was forced to concede to the SEC illegally" and settle the agency's lawsuit over the 2018 "Secure Funding" tweet. Shareholders say August…

According to the ministry's proposals, the subsidy of up to 4,500 euros ($4,874) for a plug-in hybrid would be scrapped and the subsidy for electric cars would fall to 4,000 euros next year, from 6,000 euros currently. and would fall to…

Once the agreement is concluded, the software engineering environments of the two teams will be merged into a single unit. Founded in 2016, Five operates from six locations in the UK and has approximately 140 employees. With expertise in…

Organizations will also implement the internship program to help promote career opportunities at franchised dealerships, such as positions in sales, service, finance and insurance, digital marketing or parts. Internship candidates will be…

A Toyota dealership employee in northern Illinois died Thursday night after being shot in the store's parking lot, local police said. Loves Park, Illinois police say Anderson Toyota employee Daniel R. Johnson, 29, was shot and "evidence…

The CX-60 entered production at Mazda's No. 2 plant in Hofu, western Japan, last month. Deliveries to Europe will begin this summer and to Japan in the fall. The crossover will sport a range of engines, starting with a plug-in hybrid…

Sono, founded in 2016 in Munich, is developing a fully electric vehicle with solar cells integrated into the bodywork, increasing the car's range by an average of 112 kilometers (70 miles) per week beyond the 305 kilometer range of its…

Toyota said it shared the UK's ambition to move towards zero emissions, but declined to comment on government mandates as it did not see draft rules being prepared by the Department for Transport . "We continue to see a role for many…

The pressure inside the gloves can be about 4 pounds per square inch, enough to occasionally knock out astronauts' fingernails, said Ron Diftler, a former project manager at the Johnson Space Center in Houston.“The person wearing the…

WASHINGTON — Major U.S. and foreign automakers backed the U.S. Environmental Protection Agency's new, tougher vehicle on Wednesday emission regulations in a legal challenge brought by some states and ethanol groups. Texas and 15 other…

Tesla Inc. will seek investor approval to increase its number of shares to allow for a stock split in the form of a dividend, the electric carmaker said on Monday, sending its shares soaring more than 5% on Monday. market opening. The…

DETROIT — Tim Edmunds, a former UAW official at Local 412 in Warren, Mich., pleaded guilty on Friday to embezzling $2.2 million in union funds and laundering money . He could face up to nearly five years in prison, according to the U.S.…

You're here. faces opposition from community and environmental groups over its plan to throw a party for 15,000 people to celebrate the opening of its plant in Austin. The company intends to offer tours of the 8 million square foot…

WASHINGTON — General Motors is recalling nearly 740,600 U.S. vehicles for bright headlight glare that can dazzle or distract other drivers, increasing the risk of a crash. The recall covers certain 2010-17 GMC Terrain compact crossovers…

Owners of a Honda dealership engaged in "unfair commercial extortion", fraudulently misrepresented ownership of property and wrongfully delayed construction of the store for more than two years, the Massachusetts Supreme Court has…

In Changchun, an industrial hub in northeast China, all automakers, including the Volkswagen Group and Toyota Motor Corp., are required to halt production for at least four days this week. In Shanghai, China's largest city, VW Group and…

Drivers of electric vehicles will be able to get more than a caffeine load at select Starbucks locations this year. Volvo Car United States said on Tuesday that it would be collaboration with Starbucks in a pilot project to add…

"You take a look and say, 'OK, what's a nice SUV you have the freedom to plug in whenever you want, or to use gasoline?'” Herod said Automotive News After the meeting. "And I think consumers, you know, may want to switch to an electric…

EV manufacturer Rivian has hired a senior executive from a major auto supplier as its next chief operating officer, according to people familiar with the matter, in a bid to get its struggling manufacturing operations back on track.…

Stellantis' current light commercial vehicle operations are led by Xavier Peugeot, who serves as Senior Vice President, Commercial Vehicles Business Unit. Tavares created a separate business unit for light commercial vehicles at the head…

"Being able to expand our automotive footprint in the great state of Iowa is extremely exciting for our organization," Teddy Morse, CEO of Ed Morse Automotive, said in a statement. "We look forward to making significant capital…

American demand for bigger and taller crossovers and SUVs gave automakers a ray of sunshine amid an otherwise dismal February sales month. The industry-wide inventory crisis caused by the continued shortage of semiconductor chips…

Adam Chamberlain, Aston Martin's new president for the Americas, hasn't been seen much in the office since joining the British luxury carmaker just over 100 days ago. Chamberlain, 48, left his job in November at Mercedes-Benz USA, where he…

INCLINE VILLAGE, Nevada--(BUSINESS WIRE)--Kerrigan Advisors, the leading sell-side advisor and opinion partner to auto dealers nationwide, represented Earnhardt Auto Centers, based in Phoenix, Arizona, in connection with the sale…

Online used-vehicle retailer Vroom's net loss widened to nearly $130 million in the fourth quarter, but the company posted big revenue gains and said it sold a record number of vehicles via e-commerce. Vroom reported total revenue of…

After weeks of strong increases, the pace of global vehicle production cuts resulting from the microchip shortage has slowed from the previous week, according to the latest estimate from AutoForecast Solutions. AFS said around 577,900…

“We absolutely see SG&A (sales, general and administrative) synergies between the two businesses, so the combined business will be smaller than the two as they are today – but how, what combination of those? , it's too soon," Davis…

Electric vehicle start-up Faraday Future confirmed on Wednesday that its battery-powered FF 91 luxury crossover is still on schedule to begin production in the third quarter of this year, despite a management shakeup earlier this month.…

Takuya Tsumura will take the helm of Honda Cars India Ltd (HCIL) as Chairman and Chief Executive Officer from April 1, 2022 replacing Gaku Nakanishi as his four-year tenure draws to a close. Takuya Tsumura takes over as Chairman and CEO of…

Superpedestrian designs and builds its Link electric scooters for shared use in 59 cities in 10 countries in the United States, Europe and Turkey. There are 35,000 Link scooters worldwide. The company designs and engineers the vehicles…

Italy will provide hundreds of millions of euros in support for a battery factory in southern Italy planned by Stellantis, the government's industry minister has said. "We are convinced that Stellantis must continue to engage in Italy and…

NEWYou can now listen to Fox News articles! The Kia Stinger floats like a butterfly and stings like a… four-door luxury performance car. The 2022 Kia Stinger starts at $37,365 (Kia)The midsize model that…

General Motors' new CarBravo platform allows dealers to sell Certified Pre-Owned vehicles of any brand online, but it also replaces GM's traditional Certified Pre-Owned program for stores that choose to use it. Other automakers are likely…

Over the past two years, consumers have begun to arrive at dealerships knowing exactly what type of vehicle they want, and not just out of boredom or curiosity, said Tom Castriota, owner of Castriota Chevrolet in Hudson, Fla. He expects…

You're hereA surge in sales in recent months has made the EV maker a safe bet to overtake BMW become the leader in the luxury segment in 2021. But according to recently released U.S. vehicle registration data from Experian, BMW managed…

TOKYO — Nissan Motor Co.'s operating profit nearly doubled in the last quarter as cost control, better pricing power and lower incentives supported results despite the ongoing semiconductor crisis , prompting the automaker to raise its…

Ford executives last week said they were focused on scaling the E-Transit van and F-150 Lightning that will launch this spring, as well as improving margins on the Mustang. Chewed up. "Our BEV margins are not where we intend them to be,"…

VIENNA--(BUSINESS WIRE)--TTTech Auto, a Vienna-based technology leader in automotive safety software, raised $285 million (€250 million) from Aptiv PLC (NYSE: APTV) and Audi in its last round of funding. Aptiv is investing $228…

Envision Motors, of West Covina, Calif., acquired the California Honda and Toyota dealerships in December, marking the group's third Toyota store and the first Honda outlet. The growing auto group bought Piercey Honda and Piercey Toyota in…

"Musk's reputation for making splashy announcements may have raised expectations a bit high for Teslaphiles, who are likely a little disappointed with the company's short product roadmap," said Jessica Caldwell, chief executive.…

BERLIN — Tesla CEO Elon Musk said the automaker has halted work on a compact electric car for the time being, which previous reports said was being developed for the European market. "We're not currently working on a $25,000 car," Musk…

"We're definitely going to see a bump, and I think we've definitely brought in a product that I think will justify that higher volume," said Joe Moses, general manager of vehicle, truck and SUV marketing and communications. of Toyota North…

WASHINGTON - The White House plans to host the CEOs of major U.S. companies - including GM's Mary Barra and Ford's Jim Farley - on Wednesday to discuss its $1.75 trillion Build Back Better legislation, officials told Reuters . “We have an…

BERLIN — Continental has decided not to manufacture its own semiconductors, despite the global shortage of microchips. “We looked into the matter, but decided not to do so,” said Continental technical director Gilles Mabire, quoted by…

Jaguar suffered towards the end of the year as JLR prioritized limited semiconductors for its best-selling Land Rover models, including the new Defender. Sales of the Jaguar and Land Rover brands fell 38% to 80,216 in the quarter,…

When Aston Martin prepared for its stock market debut in 2018, it sought to entice investors with scarcity value. There were few publicly listed luxury car makers to invest in, and Aston at least had a chance of replicating the success of…

WOKING, England — McLaren have held talks with the Volkswagen Group, whose Audi and Porsche brands are linked to future Formula 1, but nothing has been agreed, according to team boss Zak Brown. german newspaper Frankfurter Allgemeine…

Two merchants were named members of the Order of Canada. Vaughn Wyant and Ralph Chiodo were among 135 appointments announced Dec. 29 by Governor General Mary Simon. Wyant was selected "for his contributions as a business leader in Western…

Graham reported an increase in revenue and dealer revenue, revealing automotive operating profit was $4.5 million for the third quarter and $8.8 million for the first nine months of 2021. Third-quarter automotive revenue rose 10% to $84.7…

South Korean battery maker LG Energy Solution (LGES) plans to form a battery joint venture (JV) with Japan's Honda Motor Co Ltd in the United States, South Korean newspaper Maeil Business said on Friday, citing a unnamed industry source.…

For example, it costs $400 a month to buy a vehicle, but the dealership tells the consumer it's $500, according to Daly. Such inflation could stem either from a shadow interest rate or from the cost of products added to the transaction…

Light trucks - crossovers, SUVs and pickup trucks - were really what was needed in the late 1990s and early 2000s. Honda Motor Co., which gained ground in the 1970s with small cars, had gradually expanded its range with crossovers and…

PARIS - Citroën, Peugeot and Opel will only sell fully electric versions of their compact and mid-size vans in Europe, dropping high-emission internal combustion versions from January. The decision was made to ensure the…

Concerns about range anxiety have been well documented among prospective electric vehicle owners. Case of over-range? These are harder to find. On the way home from a road trip designed to test the range limits of a prototype battery,…

BERLIN - IG Metall, the dominant metalworkers union in Germany, wants to represent as many employees as possible at Tesla's new plant near Berlin. The union has opened an office "very close" to the Gruenheide plant, said Birgit Dietze,…

Automotive design is transforming as it advances, with changes primarily driven by ACES - autonomous, connected, electric and shared vehicles. Design is driven by customer needs and powered by technology. Growing concern about climate…

SOUTH TUCSON, Ariz. (KGUN) - The trade in used auto parts has accelerated since the start of the pandemic.More and more people are looking for parts to run their cars, as COVID supply chain issues drive up prices for new and used…

With Gasgoo Daily, we will provide important automotive news in China on a daily basis. For those we have flagged, the article title will include a hyperlink, which will provide detailed information.Pony.ai works with the Nansha…

The brain of the car Aptiv has two main lines of business: one focused on hardware and electronics, the other on software. The first is something like the nervous system in the car - wires that carry energy and signals through the…

A southwest Washington business that sells aftermarket auto parts and accessories and has a location in Kelso was acquired by a New York-based company this month.Cost Less Auto Parts and its subsidiary Automotive Products are now managed…

General Motors and Waymo are the last companies to cancel CES schemes on COVID-19 concerns. GM CEO Mary Barra was scheduled to speak at the Jan. 5 annual conference, where the company reportedly showed his Silverado electric…

SUNNYVALE - Two 20-year-old men have been arrested and a third suspect is wanted for more than two dozen car break-ins in the Bay Area, authorities said. At approximately 8:25 p.m. on Monday, officers attended a parking lot in Block 100 of…

The unusually high drawdown comes after Musk exercised nearly 15 million options and sold millions of shares to cover taxes related to those transactions. This followed a Twitter poll last month when it asked its followers whether it…

A 2020 Toyota RAV4 Hybrid on display at the 2020 Pittsburgh International Auto Show on Thursday, February 13, 2020 in Pittsburgh. (AP Photo / Gene J. Puskar) (iSeeCars) - The microchip!-->…

FRANKFURT - China is pressuring Continental to stop using components made in Lithuania, two people familiar with the matter told Reuters, amid a dispute between Beijing and the Baltic state over the status of Taiwan. The Chinese…

Don Hudler, who was instrumental in starting Saturn Corp. and touted the General Motors division as "another kind of automaker," then went on to become one of the main Saturn dealers as a postscript to his 42-year career with GM, died…

Hyundai is launching its first electric vehicle on a dedicated platform - the Ioniq 5 compact crossover - with aggressive pricing to match its ambitious styling. The first batch will go on sale in the United States at the end of…

TOKYO - Former Nissan chairman Carlos Ghosn, the former electric vehicle pioneer who jumped into the tech with overly optimistic expectations a decade ago, has said the time has finally come to jump into electric vehicles, when he calls…

DETROIT - Ford Motor Co. is delaying the start of production of the battery-electric versions of the Explorer and Lincoln Aviator crossovers by about 18 months and no longer plans to build them in Cuautitlan, Mexico, paving the way for a…

When discussing with potential customers, “the question is, 'How quickly can we get the vehicles to operate autonomously,'” Araujo said. "We're looking to close deals for active systems to work in…

Asbury Automotive Group Inc. added eight dealerships in the Denver area and $ 715 million in annual revenue by completing the purchase of Stevinson Automotive. The nation's sixth-largest new vehicle retailer said it spent around $ 300…

Before the challenges of DARPA boosted the entire autonomous vehicle industry, Robotic Research was developing AVs for the US military. Founded in 2002, it has collected "a gigantic amount of peripheral cases and seen a lot of different…

And revenue is driven by a process where the sales team, led by General Sales Manager Katie Young, delivers 100% of the products that the dealership sells to 100% of the customers 100% of the time, he said. he noted. It took five months…

DETROIT - Ford Motor Co. said it was the best-selling automaker in the United States for a third consecutive month, posting a 5.8% increase in light vehicle sales in November, contrasting with declines by almost all other companies that…

Amazon Web Services has launched a new cloud-based data service that it says could help automakers remotely diagnose problems with their vehicles to avoid recalls and improve safety, as well as manage the associated data. Called AWS IoT…

BERLIN - Stellantis has signed a preliminary agreement with lithium developer Vulcan Energy Resources for the supply of climate-friendly lithium from Germany, the automaker said on Monday. Stellantis is the latest automaker to sign a deal…

Tesla to forgo € 1.14 billion ($ 1.3 billion) in state aid for the plant it is building in Germany, as it decided to try to produce a new type first large-scale battery cell in Texas, a person familiar with the matter…

Investors' favorites Electric vehicle makers have become investor darlings over the past year, and their actions have staged impressive rallies amid bets on the growing demand for cleaner cars. Industry leader Tesla has nearly doubled in…

BERLIN - The Volkswagen Group board did not make a decision on the future of CEO Herbert Diess at a meeting on Tuesday, two sources familiar with the matter said on Wednesday, one calling the talks "on the edge of the razor ". Diess and…

BERLIN - Volkswagen Group senior management will meet on Tuesday to discuss the future of CEO Herbert Diess, who is expected to remain at the helm of the automaker despite tensions over his management style, sources said on Monday. The…

After more than a century of humility, SAE International is starting to boast a bit by launching a “Meet SAE” advertising campaign.SAE hopes the campaign will help increase membership and participation…

Porsche acquires a majority stake in Greyp, a Croatian manufacturer of electric bikes linked to its subsidiary Rimac Automobili, to extend mobility offerings beyond sports cars like the 911 or the battery-powered Taycan. Porsche's venture…

LOS ANGELES - Hyundai Motor North America's U.S. investments in electric vehicle manufacturing will be greatly influenced by the structure of federal incentives for electric vehicles, CEO Jose Muñoz said in an interview.…

As of Monday's close, the company had a market cap of around $ 73 billion, although it generates meager revenue. In 2018, the Saudi Arabia Public Investment Fund invested more than $ 1 billion in the startup, breathing new life into a…

The Montreal International Auto Show will be back in 2022 after the The 2021 edition has been canceled because of COVID-19, organizers announced Thursday. They also reported that, based on a survey of previous participants, consumer…

Vehicle ad company CarGurus Inc. reported higher revenue in the third quarter, reflecting increased transactional capabilities and digital tools for dealerships, while net profit declined.The Cambridge, Massachusetts-based company said on…

Greece wants to make all of its inhabited islands environmentally friendly as the country strives to meet a target of reducing harmful emissions by at least 55% by 2030. A national campaign dubbed "GR-eco Islands" will start in Chalki, a…

Biden, in his statement, said he looked forward to signing them and that "in generations people will look back and know that is when America won the 21st economic competition. century". His upbeat statement came after House and White…

A repairer of machinery Ford Motor CoThe Lima, Ohio engine plant died following a work-related accident on Wednesday, the automaker and the UAW said. The employee's name and age were not immediately available, nor were details of the…

CDK Global Inc.'s revenue and net income increased in the company's first fiscal quarter, compared to a quarter a year earlier that was affected by the pandemic. Dealership management system giant Hoffman Estates, Ill. Said on Tuesday…

FREMONT, Calif .-- One of the world's most prominent automakers, located in this East Bay suburb, has launched a feature called "Full Self-Driving." Despite its name, the technology requires the constant vigilance of human drivers, who…

PRAGUE - Volkswagen Group Skoda is restarting most of its production lines on Sunday after a two-week outage caused by a shortage of semiconductor chips. Skoda had said on October 7 that it would drastically reduce or even stop production…

TURIN - Vietnamese automaker VinFast will use a direct selling model when it debuts in Europe in spring 2022, company executives said. VinFast, which is the only Vietnamese automaker, will adopt a distribution model similar to Tesla's…

The investments come as the industry reeling from a global shortage of microchips that has plunged global vehicle production and hampered new vehicle sales and inventory. According to an estimate from AutoForecast Solutions, about…

DETROIT - Ford Motor Co. on Wednesday said third-quarter net profit fell 24% to $ 1.8 billion due to the continued shortage of microchips, but strong demand has pushed the automaker to raise to $ 1.8 billion. again its forecast for the…

France is at risk of losing one in four car jobs as the country struggles to keep pace with the rapid transition to electric vehicles. The French automobile industry, the birthplace of the Peugeot, Citroën and Renault…

Buyers are ready to buy a new vehicle that is close enough to what they want in today's tight inventory market or pick something from the pipeline and wait for it, Jackson said. Others will switch to used vehicles or say they will wait…

Rivian Automotive Inc., the Amazon-backed electric pickup maker preparing to go public, expects to report a quarterly net loss of up to $ 1.28 billion from costs associated with starting production of its first truck. Losses have been…

DETROIT - General Motors is more than halfway away from shipping the newly assembled pickup trucks it had parked due to a shortage of semiconductor chips, a senior GM official said on Friday. "We have made great strides," said Steve…

Automotive retail giant AutoNation Inc. has announced that it will acquire Priority 1 Automotive Group as it reported record third quarter results that saw its bottom line nearly double, supported by vehicle sales and revenues. used…

Magee also shared tips for fostering diversity, equity and inclusion in the workforce. “Promote pay equity,” he said. “Develop a strategic training program. Make it easy for your…

SHANGHAI - At the Shanghai auto show in April, the booth of the China Evergrande Group's new energy vehicle unit was hard to miss. One of the biggest exhibits of the event, in a prime location across from BMW, the developer-backed unit…

Carlos Ghosn's new fight: Restoring his name Opinions about Carlos Ghosn are very divided, not only in Japan but in the international community. Ghosn has many supporters who see him as the victim of a coup. But there is also no…

Employee referrals have proven effective for the Hendrick Automotive Group dealership, which sold 1,872 new and used vehicles last year. “If our employees are willing to say, 'This guy or that girl could be a great fit,'…

TOKYO - Toyota Motor Corp. will cut global production for the third time next month as the pandemic and the global microchip shortage continue to be felt, but the impact will not be as painful as before and Japan's largest automaker is…

“The (chip) industry is responding very, very quickly,” he said, saying Intel is investing a lot of money to increase capacity. “But also in our case, we want to be able to develop our…

DETROIT - General Motors plans to launch a Cadillac badge-bearing finance brand for its luxury customers and dealers next year, according to an internal rating obtained by Automotive News. Cadillac Financial, which will operate under the…

PRAGUE - The Volkswagen Group will decide next year on the location of a battery cell factory in Eastern Europe, the automaker said. Earlier this year, VW announced its intention to build six battery cell factories across Europe by 2030…

The brand's combustion engine vehicles have been well received, especially the GV70 and GV80 crossovers that arrived in the United States in the past year. But SangYup Lee, director of the Hyundai Global Design Center, said in a recent…

DETROIT - State environmental regulators say there is a "moderate to strong" paint or solvent odor emitted by automaker Stellantis' Jeep assembly plant in east Detroit. The Michigan Department of the Environment, Great Lakes and Energy…

United Microelectronics Corp., the smaller counterpart, declined to comment on its response to the US query, although CFO Liu Chi-tung said Bloomberg News that the company will protect non-public customer information. Meanwhile, the…