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New Kia Sportage – Auto News – Live Auto Car Talk Show – AutoNetwork Reports 357
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…
What Audi and Porsche have to gain by joining Formula 1
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…
April U.S. auto sales: Toyota, Hyundai and Kia volume drops double digits again as chip issues bite
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…
Germans brace for Russian gas disruption as war in Ukraine continues
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…
Lucid lands contract to sell up to 100,000 electric vehicles to Saudi Arabia
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…
Elon Musk negotiates takeover offer with Twitter; deal is close, according to reports
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…
The Ford F-150 Lightning is sold out even before its launch
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…
Koons Kia settles unannounced fee allegations with Md. AG, may owe over $1 million in refunds
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…
LG-Magna JV will build electric vehicle parts in Mexico for GM
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…
Elon Musk’s tweet about Tesla privatization was fake, US judge says
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…
Germany could end support for plug-in hybrids sooner than expected
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…
Bosch acquires British start-up Five
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…
NADA and National Urban League set to emphasize diversity in auto retail
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…
Toyota dealership worker died in Illinois after shooting; suspect charged with murder
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…
Mazda launches 4-pronged big product platform
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…
German start-up Sono teams up with Valmet for a solar car
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 denies plans to end UK production
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…
NASA, GM work leads to tech that could help astronauts and assembly line workers
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…
Major automakers say they back tougher U.S. vehicle emissions rules in court battle
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 will ask shareholders to vote to authorize more shares
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…
Former local UAW official pleads guilty to embezzling more than $2 million in union funds
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.…
Tesla factory opening party for 15,000 faces backlash in Texas
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…
GM recalls 740,600 GMC Terrain crossovers; Ford recalls 196,000 F-150 pickup trucks and SUVs
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…
Confirmation of court ruling against obstructive owners of Honda dealership
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…
Lockdown measures to tackle latest virus outbreak threaten automatic rebound
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…
Volvo to charge EV drivers at 15 Starbucks stores
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…
Mitsubishi prepares for the launch of the Outlander PHEV
"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…
Rivian hires Magna Steyr executive as COO, report says
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 CEO Tavares says van unit will have freedom to develop new technologies
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…
Ed Morse Automotive buys dealerships in Iowa
"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…
U.S. auto sales in February: demand for SUVs and crossovers cushions the blow
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…
The first 100 days of Adam Chamberlain’s Aston Martin were spent with dealers, customers
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…
Kerrigan Advisors Represents Earnhardt Auto Centers in Las Vegas Dealership Sale
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…
Vroom’s e-commerce vehicle sales increased 93% in the fourth quarter
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…
The latest figures on the automotive chip shortage
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…
Meritor, Tenneco takeovers will have big impact on Metro Detroit
“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…
Faraday Future continues with luxury FF91
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.…
Honda Cars India appoints Takuya Tsumura as CEO and Chairman
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…
Scooter company Superpedestrian aims to stop riders engaging in risky behavior – and not…
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 to support Stellantis battery factory with $420m, minister says
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…
Road Test: The 2022 Kia Stinger deserves the buzz
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…
GM aims to expand dealer CPO share with CarBravo
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…
Used car sales could boom this spring
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…
BMW barely passed its challenger Tesla in luxury registrations in the United States in 2021
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…
Nissan doubles quarterly operating profit despite semiconductor shortage
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 and GM advance electric vehicle plans as profits rise
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,"…
Automotive software firm TTTech Auto to raise $285 million investment from Aptiv and Audi
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…
PSD Automotive, Envision Motors among buying dealerships
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…
Tesla Cybertruck will arrive in 2023, at the earliest
"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.…
Tesla suspends plans for compact electric vehicles aimed at European buyers
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…
The 2023 Toyota Sequoia SUV redesigned for the modern family
"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…
White House to host Barra, Farley and CEOs for spending bill push meeting
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…
Continental’s answer to microchip crunch is flexible design
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 has had a disastrous sales year in 2021 as chip shortages hit production
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,…
Aston Martin struggles to maintain recovery momentum
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…
McLaren and VW have spoken about plans for F1, according to the British automaker
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…
Order of Canada recipients include two car dealerships
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 Ourisman Automotive assesses opportunities for 2022
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…
Honda and LG Energy Solution plan US battery joint venture
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.…
KPA: payment packaging, fraud vigilance, big problems for F&I
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…
Honda in 2005 launched into pickup trucks with Ridgeline
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…
Stellantis will only sell fully electric vans in Europe
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…
Our Next Energy’s remarkable journey reaches a range of 752 miles in real-world testing in 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,…
German union steps up efforts to recruit Tesla workers with office near Berlin plant
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,…
The future on wheels: There will be a radical change in automotive design as the shape and content…
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…
Pandemic increases demand for auto parts at salvage yards
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…
Gasgoo Auto news – Gasgoo
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…
Aptiv’s Technological Metamorphosis Is Tested By Silicon Valley’s Automotive Push
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…
Southwest Washington’s Cost Less Auto Parts Acquired by New York-Based Company | Local…
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…
GM, Waymo pull out of CES 2022 over omicron variant issues
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…
Two arrests in connection with 30 auto break-ins
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…
Tesla CEO Elon Musk says he will pay more than $ 11 billion in taxes this year
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…
These are the hottest cars in every state
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!-->…
Continental urged by China to stop using coins from Lithuania, report says
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…
Saturn architect Don Hudler has died at 87
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 Ioniq 5 EV starting at $ 40,925
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…
Ghosn says Nissan needs to step up EV plan to stay competitive
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…
Ford delays Explorer and Aviator EVs to boost Mustang Mach-E production
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…
Stand-alone technology firm Robotic Research secures initial outside funding of $ 228 million;…
When discussing with potential customers, âthe question is, 'How quickly can we get the vehicles to operate autonomously,'â Araujo said. "We're looking to close deals for active systems to work in…
Asbury Automotive acquires the Colo dealer group. Stevinson Automotive
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…
Competitors in autonomous trucking | Automotive News
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…
Rapids Honda Increases Profits By Bringing In-House Accessory Facilities
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…
Ford’s gains contrast with declines for most other automakers
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…
Why Amazon’s new tool could help automakers prevent recalls and improve safety
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…
Stellantis signs agreement with Vulcan for CO2-free lithium supply in Europe
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 Pass On $ 1.3 Billion In German Aid Due To Texas Battery Bet, Report Says
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…
$ 100 billion wave of electric vehicle IPOs to hit market by 2023, bank predicts
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…
CEO Herberg Diess’ future with Volkswagen would be on a razor’s edge
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…
VW to discuss CEO Diess’ future on Tuesday, report says
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…
SAE’s advertising campaign targets new technologies for a younger audience
After more than a century of humility, SAE International is starting to boast a bit by launching a âMeet SAEâ advertising campaign.SAE hopes the campaign will help increase membership and participation…
Porsche advances in electric mobility with agreement on electric bikes
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…
Why Hyundai’s North American CEO Says ‘Everything is on the Table’ for US…
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.…
Lucid says he is on track to build 20,000 electric vehicles next year; strengthens the balance…
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 is underway for 2022, organizers say
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…
CarGurus Profits: Third Quarter Revenue Increase; decrease in net income
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…
Greek islands go electric, with help from Citroën and VW
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…
House sends infrastructure bill with EV provisions to Biden; tax credit for electric vehicles built…
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…
Ford employee dies at Lima engine plant in on-site accident
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 earnings, revenue increase in quarter despite tightening inventories
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…
Focus on Pony.ai, the Chinese autonomous driving startup that is quietly building an international…
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…
Skoda resumes production after two weeks of shutdown
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…
VinFast to use direct sales model in Europe
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…
Amid chip shortage, Bosch spends $ 467 million to expand semiconductor factories
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…
Ford Q3 Profits: Profit Drops 24% to $ 1.8 Billion, Raises Full-Year Forecast
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 could lose 25% of auto jobs in EV transition, lobby group says
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…
Record Third Quarter AutoNation Profits: Balancing Inventory Issues and Growth
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 expects net loss of around $ 1.2 billion in third quarter due to rising electric vehicle…
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…
How GM ships finished pickup trucks that were parked due to lack of chips
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…
AutoNation Almost Doubles Third Quarter Profits, To Acquire Priority 1 Automotive Group
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…
Best 2021 dealership to work for: Audi Turnersville in NJ takes top spot again
Magee also shared tips for fostering diversity, equity and inclusion in the workforce.
âPromote pay equity,â he said. âDevelop a strategic training program. Make it easy for your…
Before debt problems, China Evergrande’s ambitious auto targets stunned the industry
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
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…
Hendrick lets employees provide job leads
Employee referrals have proven effective for the Hendrick Automotive Group dealership, which sold 1,872 new and used vehicles last year.
âIf our employees are willing to say, 'This guy or that girl could be a great fit,'…
Toyota cuts global production for 3rd time but says worst is over
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…
Why Hyundai Motor wants to develop its own electronic chips
âThe (chip) industry is responding very, very quickly,â he said, saying Intel is investing a lot of money to increase capacity.
âBut also in our case, we want to be able to develop our…
Why GM is considering launching a Cadillac Financial loan brand
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…
VW to decide on a battery plant in Eastern Europe in the first half of 2022
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…
Will the Genesis GV60 stand out among electric vehicles?
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…
Michigan Environmental Regulators Denounce Air Quality Violation at Stellantis Due to Smells from…
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…
The world’s top chipmakers resist Biden’s offer for supply chain data
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…