CarNow eyes expansion, possible acquisitions after debt financing (Apr 25, 2024 14:42)
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new deb...
Hornet's torque powers ads (Apr 25, 2024 13:37)
Dodge sold about 17,000 Hornets in the crossover's first year on sale in the U.S. and it working ...
Tesla's freshened Model 3 Performance is a crazy fast, 510-hp bargain (Apr 25, 2024 12:33)
Tesla adds adaptive suspension, improved sport seats and carbon-fiber interior accents. The perfo...
Toyota invests $1.4 billion in Indiana plant for large EV (Apr 25, 2024 11:30)
The investment will add 340 jobs and a new battery pack assembly line, but details signal that ei...
Fred Beans buys 4 Rosenthal Automotive dealerships (Apr 25, 2024 11:20)
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2...
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record (Apr 25, 2024 09:28)
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 p...
Mobileye quarterly loss widens, revenue plunges as chip orders decline (Apr 25, 2024 09:16)
Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders ...
Pretax charges drop Sonic Automotive's Q1 net income (Apr 25, 2024 09:13)
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter ne...
VinFast founder commits $1 billion as EV maker bleeds cash (Apr 25, 2024 08:46)
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his perso...
New GM North America chief Marissa West has deep ties to automaker (Apr 25, 2024 08:00)
While growing up, General Motors' first female North American president would collect brochures a...
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production (Apr 24, 2024 16:37)
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before ...
Joy and angst: Reaction from the UAW's historic win at VW's Chattanooga plant (Apr 24, 2024 15:06)
Reaction to the UAW's victory in Chattanooga quickly took shape on social media and in Tennessee,...
U.S. EV battery upstart, Hyundai-Kia close in on lithium metal battery commercialization (Apr 24, 2024 14:06)
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batt...
Honda's new Ye Series EVs for China foreshadow U.S.-bound next-gen 0 Series (Apr 24, 2024 12:24)
Honda's new family of all-electric vehicles, called the Ye Series, goes on sale in China this yea...
Group 1 net income falls nearly 7% in Q1 as company ramps up acquisitions (Apr 24, 2024 09:16)
Group 1's net income fell, while revenue and new- and used-vehicle sales grew.
Lithia Q1 net income down 28% as 'normalization' returns to profit per vehicle (Apr 24, 2024 08:48)
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping ...
CEO Mary Barra's pay declined 3.9% to $27.8 million as GM missed stock targets (Apr 24, 2024 08:30)
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the...
VW to launch youth-focused EV brand for China (Apr 24, 2024 08:23)
The ID UX subbrand is the automaker's bid to recapture market share lost to local rivals such as ...
Vroom CEO: ‘Gut-wrenching' decision to end online used-car business (Apr 24, 2024 08:00)
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The c...
Judge deals blow to Stellantis in supplier pricing dispute that threatens production (Apr 24, 2024 05:56)
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying...