Asbury Automotive completes $1.2B Jim Koons acquisition
The Koons group reported $3.2 billion in revenue and sales of 26,188 new vehicles in 2022, ranking it No. 23 on ' list of the top 150 dealership groups based in the U.S. Asbury ranked No. 5 on the list, retailing 151,179 new vehicles last year......»»
EV sales will improve when automakers address affordability, experts say
The big hindrance constraining electric vehicle sales remains affordability, said Dave Katarski, COO of Feldman Automotive Group, during a panel discussion at the Automotive News Congress......»»
Enhancing automotive security to prepare for the EV revolution
Enhancing automotive security to prepare for the EV revolution.....»»
Auto supplier goes bankrupt after $30M verdict in defective parts lawsuit
Southfield, Mich.-based automotive supplier Wrena LLC filed for bankruptcy Monday with the intention of selling the business after being ordered to pay $30 million in a lawsuit over defective parts. The company petitioned for voluntary Chapter 11.....»»
Hybrid RV with a solar roof can power your home in an emergency
The hybrid powertrain has a range of 500 miles. Enlarge / This is Thor and Harbinger's test bed for a new Class A hybrid RV. (credit: Thor) Electrification is moving through different parts of the automotive industry at.....»»
US to ban Chinese connected car software and hardware, citing security risks
The ban would start in model-year 2027 for software and MY2030 for hardware. Enlarge (credit: Getty Images) The US government is readying its latest measure to defend local automotive manufacturing. In May, US President.....»»
Water-free manufacturing approach could help advance 2D electronics integration
The future of technology has an age-old problem: rust. When iron-containing metal reacts with oxygen and moisture, the resulting corrosion greatly impedes the longevity and use of parts in the automotive industry......»»
How much auto demand will the Fed"s half-point rate cut produce?
The Federal Reserve cut its benchmark rate target 0.5 percentage points on Sept. 18, which could reduce the market interest rates that Cox Automotive polling indicates are dealerships' No. 1 challenge......»»
Headlamp tech that doesn’t blind oncoming drivers—where is it?
The US is a bit of a backwater for automotive lighting technology. Enlarge / No one likes being dazzled by an oncoming car at night. (credit: Getty Images) Magna provided flights from Washington, DC, to Detroit and a.....»»
Auto supplier plans to invest $78.8M at former Stellantis plant in Detroit
Laepple Automotive plans to invest $78.8 million into the former Stellantis Mount Elliott Tool and Die site on Detroit' east side......»»
Top 5 stories of the week: VW drops in-house loans; UAW pressures Stellantis
A quick look at the top automotive stories of the week as determined by reader interest......»»
U.S. Steel CEO ‘extraordinarily confident" Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker Nippon Steel will go through despite political opposition......»»
NASA completes spacecraft to transport, support Roman Space Telescope
The spacecraft bus that will deliver NASA's Nancy Grace Roman Space Telescope to its orbit and enable it to function once there is now complete after years of construction, installation, and testing......»»
Holand Automotive Group buys Ferrari store in California
Holand Automotive Group has acquired Ferrari of Rancho Mirage, adding a second California dealership to its growing U.S. footprint. .....»»
Top 5 stories of the week: Stellantis dealers point finger at CEO; GM-Hyundai collaboration
A quick look at the top automotive stories of the week as determined by reader interest......»»
U.S. vehicle inventory hovers below 3 million
New-vehicle inventory in the U.S. was at 2.91 million last month, down slightly from the previous month, Cox Automotive said......»»
Adobe completes fix for Reader bug with known PoC exploit (CVE-2024-41869)
Among the security updates released by Adobe on Tuesday are those for various versions of Adobe Acrobat and Reader, which fix two critical flaws that could lead to arbitrary code execution: CVE-2024-45112 and CVE-2024-41869. Nothing in the advisory p.....»»
Nissan cuts output of 2 core models, including bestselling Rogue
In a memo to retailers obtained by Automotive News, Nissan said it will cut production of the Rogue crossover and Frontier pickup by up to 40,000 vehicles......»»
Lucid teases midsize model for 2026; says Gravity EV will use Tesla"s NACS plug next year
Lucid's three-row Gravity crossover will use Tesla's NACS plug next year while its lower-cost midsize model will target the Tesla Model Y in 2026, CEO Peter Rawlinson tells Automotive News......»»
Ex-NFL wide receiver Kevin Johnson buys Ford car dealership
Drafted by the Cleveland Browns, Kevin Johnson ended his football career in Detroit. The dealership acquisition marks Johnson's foray into automotive retail......»»
Lucid teases "midsize" model for 2026; says Gravity EV will use Tesla"s NACS plug next year
Lucid's three-row Gravity crossover will use Tesla's NACS plug next year while its lower-cost 'midsize' model will target the Tesla Model Y in 2026, CEO Peter Rawlinson tells Automotive News......»»