Audi, Nissan, Ford and Stellantis dealerships acquired in Q2 and Q3 transactions
Three dealership groups expanded, while a new group bought a pair of dealerships, in acquisitions that closed in the second and third quarters involving stores in Missouri, Arkansas, Texas and Vermont......»»
Judge deals blow to Stellantis in supplier pricing dispute that threatens production
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week......»»
VinFast adds 12 U.S. dealerships, including 5 in Florida and 4 in Texas
The Vietnamese automaker says it now has 18 stores across seven states. The new locations will start selling the VF 8 crossover and later receive the bigger VF 9 and smaller VF 7 models......»»
Veoneer names longtime Forvia executive Nik Endrud CEO following sale
Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units......»»
Stellantis lays off 199 at Ram 1500 plant in suburban Detroit
The layoffs in Sterling Heights, Mich., took effect Monday as the automaker continues to trim its head count......»»
Ford Mustang Mach-E 2024 vs. Mach-E 2023: What’s new in Ford’s electric Mustang?
The Mustang Mach-E is getting some upgrades for 2024 -- but how does the 2024 model compare with the 2023 Mustang Mach-E?.....»»
Report: Apple acquires French startup behind AI and computer vision technology
Apple has reportedly acquired Datakalab, a Paris, France-based startup specializing in artificial intelligence compression and computer vision technology. According to French business magazine Challenges, the acquisition was finalized in December......»»
Apple has bought a French firm to help get AI processing on the iPhone
Apple has quietly acquired another AI firm involved in reducing the size of Large Language Modules for the iPhone, this time Paris-based Datakaleb.Before moving to AI compression, Datakaleb worked extensively in AI-based image analysisFollowing news.....»»
Top 5 stories of the week: Stellantis clashes with suppliers; GM"s headquarters move
A quick glance at the top automotive stories of the week......»»
Nissan hopes new product, marketing juice U.S. sales
Nissan's message to dealers: 'The car is the star.'.....»»
Tesla"s U.S. registrations fell 25% in February, dragging the EV segment into the red
Ford, Hyundai, Kia, BMW and Rivian posted strong gains, partially offsetting Tesla's decline. The last time monthly EV registrations fell was in August 2020......»»
Whistleblower reveals 2023 CareGard cyberattack, says F&I company concealed it from partners
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Former AFG exec reveals 2023 CareGard data breach, criticizes company"s response
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Nissan cuts profit and sales outlook on sliding volume, overly optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Struggling Nissan cuts profit and sales outlook on sliding volume, over-optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says......»»
Ford Mustang Experience Center celebrates pony car fans
The Charlotte, N.C., event space is the latest effort by Ford to create unique experiences such as the Bronco Off-Roadeo, Mustang Dark Horse Track Attack and Ranger Raptor Assault School......»»
Stellantis avoids plant shutdowns by paying auto supplier "under hostage threat"
The automaker paid MacLean-Fogg Component Solutions of Illinois to keep pinions and gears flowing to a pair of plants in Kokomo, Ind......»»
Bill Ford says political "hurricanes" complicate business plans
The automaker had always expected the shift to EVs to be bumpy, but the lack of visibility into policy is a major challenge for the industry, Ford said......»»
Nissan juggles reduced ICE volumes on path to U.S. EV future
EV production in Canton. Miss., is twice delayed. Output not expected to begin until November 2026, according to a supplier memo......»»
Ford recalls 456,565 Bronco Sports, Mavericks over loss of drive power, NHTSA says
Unexpected battery loss might go undetected in these vehicles, which could lead to a car being unable to restart or stall when coming to a stop at a low speed, NHTSA said......»»