Toyota, Mitsubishi, Infiniti, Ford car dealerships sell
Two of the transactions involved first-time dealership owners and another saw a company add two stores......»»
Toyota sales rise 14%; Honda edges up; Hyundai, Kia slip in April
U.S. light-vehicle sales are expected to drop about 2 percent in April, reflecting one less selling day than a year earlier and weaker fleet shipments, analysts say......»»
Ford launches AI-powered dealership training platform
The automaker is rolling out Ford University, a digital platform that utilizes AI to train dealership employees on selling vehicles and improving their relationships with customers......»»
Toyota establishes North American hydrogen business headquarters in Los Angeles
The H2HQ facility will do R&D, commercialization and sales for hydrogen fuel cell products......»»
Toyota names Jack Hollis, Chris Reynolds to new jobs under Ogawa
Toyota restructures its top North American management, splitting responsibilities between Jack Hollis and Chris Reynolds, with both reporting to CEO Ted Ogawa......»»
UK outlaws awful default passwords on connected devices
The law aims to prevent global-scale botnet attacks. Enlarge (credit: Getty Images) If you build a gadget that connects to the Internet and sell it in the United Kingdom, you can no longer make the default password "pass.....»»
Asbury Automotive says 10 dealerships are up for sale
Asbury Automotive Group said it entered Q2 with $243 million in assets for sale — including 10 dealerships — after selling a Jim Koons Lexus site in Delaware to MileOne Autogroup in March......»»
Ford BlueCruise driver assist under federal scrutiny following 2 deaths
NHTSA has opened an investigation after two separate fatal crashes at night. Enlarge / BlueCruise allows drivers to take their hands off the wheel but not their eyes off the road. (credit: Ford) The federal regulator res.....»»
NHTSA opens preliminary probe into Ford"s hands-free driving tech BlueCruise after 2 crashes
NHTSA said it confirmed BlueCruise was engaged in both vehicles immediately prior to the collisions......»»
Top 5 stories of the week: GM, Ford and Tesla earnings; lowest-cost EVs
A quick look at the week's top automotive stories.....»»
ByteDance would rather shut down US TikTok than sell it
TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President Biden's day-old law forcing a sale or ban.TikTok may be cease to be available in the USAccording to the bill signed into law by Pre.....»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Don Petersen, CEO who steered Ford to success in late 1980s, dies at 97
A mechanical engineer with a zeal for quality, Petersen led the company during some of its most prosperous years and was only the second person outside the founding Ford family to lead the automaker, after his predecessor, Philip Caldwell......»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»
Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group......»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
Honda unveils $11B investment for EV assembly, battery output in Canada
The company’s leadership was joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»
Mercedes warms to ICE vehicles as EV growth cools in the U.S.
Mercedes expects to sell about 50,000 more coupes, sedans, crossovers and SUVs in the U.S. in 2024 compared with last year......»»
Honda spending $11B on EV assembly, battery output in Canada, reports say
The company’s leadership will be joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»
Ram adds to off-road lineup with RHO
The 540-hp pickup, scheduled to reach dealerships in the third quarter, adds to the brand's long lineage of speedy trucks......»»