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......»»
Stellantis to road test EV fleet with solid-state batteries
Stellantis NV plans to operate a test fleet of electric vehicles powered with solid-state batteries in two years’ time, taking a step toward potential commercialization of a technology that’s aimed at improving EV performance. The automaker wi.....»»
Could AI software put a value on a car dealership? Some say yes
While one firm is betting on AI's use to price dealerships, some industry experts question its ability to overcome subjective elements of dealership valuations......»»
The CEO of Ford says he"s been driving a Xiaomi EV for the past 6 months and doesn"t want to give it up
The CEO of Ford says he"s been driving a Xiaomi EV for the past 6 months and doesn"t want to give it up.....»»
Satechi’s best 3-in-1 wireless charging pad now charges your Apple devices twice as fast
Satechi unveiled an upgrade to its popular 3-in-1 charging accessory, the Trio Wireless Charging Pad. Now with Q2 technology, it can simultaneously deliver 15W of … The post Satechi’s best 3-in-1 wireless charging pad now charges your App.....»»
GM Financial net income down 11% in Q3
General Motors Financial saw net income fall by more than 10 percent year over year in Q3 2024 earnings as the GM captive finance company grew its financing income but spent more on interest......»»
Nissan sales boss downshifts beleaguered brand"s U.S. share target
The former Lexus marketer is working to flip old perceptions and draw new buyers by targeting the rational and emotional impulses involved in car buying......»»
Nissan tech center volunteers cut loose after work: Wrenching, racing and learning
Doing hands-on mechanical work or driving an Acceleration Team vehicle in a race is more than just a way to have a little fun at work, team members say. It broadens their technical understanding of how cars work as well as how other teams within Niss.....»»
F&I tip: Look at buyers with lower credit scores as an opportunity
Auto lenders and dealerships should not ignore car buyers with lower credit scores, Armando Hidalgo, director of servicing at SameDay Auto Finance, said in a panel discussion at the Auto Finance Summit this month in Las Vegas. With many of those c.....»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat; shares rise
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion. Shares rose 7.7 percent in morning trading. .....»»
Tesla faces questions on robotaxi service, $25,000 model and flat sales in Q3 earnings report
Wall Street analysts expect a drop in Tesla's third-quarter margins after it boosted incentives to juice sales of its aging core vehicles, the Model Y crossover and Model 3 sedan......»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion......»»
Daily 5 report for Oct. 21: Making sense of Q3 earnings reports beyond "beats" and "misses"
Innumerable disclosures figure into analyzing the overall health of a publicly traded company......»»
Ford, Calif. dealership can"t coerce customer into arbitration over lemon law complaint, appeals court rules
Ford Motor Co. and the dealership that serviced a 2020 F-250 Super Duty can't force the pickup's owners to arbitrate their lemon law claim, a California appeals court ruled......»»
Porsche updates 911 GT3, offers track-focused Weissach package
The upper end of the Porsche 911 lineup is getting an update — and a track-focused Weissach package. The 2025 Porsche 911 GT3 starts at $224,495 with shipping and arrives at dealerships next summer. A naturally aspirated 4.0-liter flat-six ma.....»»
For dealership AI adopters, success is mixed
Artificial intelligence has helped dealerships improve their back-office functions and service operations. Chatbots have been a mixed bag......»»
Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers
Forvia said it underperformed the local automotive production in China due to “customer mix evolution and start of productions delayed from 2024 to 2025.”.....»»
GM, Ford brace for investor scrutiny over Q3 pricing power, EV losses
GM is set to release its results for the July to September period on Oct. 22, while crosstown rival Ford will report on Oct. 28......»»
For dealerships, AI remains a work in progress
Artificial intelligence has helped dealerships improve their back-office functions and service operations. Chatbots have been a mixed bag......»»
The Nissan Rogue is joining the plug-in hybrid club in 2025
Nissan will add a plug-in-hybrid powertrain to the 2026 Rogue compact SUV, which should be available stateside in 2025......»»
Longtime Ford supplier Dana explores sale of off-highway unit, report says
Any sale would leave Dana focused on passenger cars and trucks, making it potentially attractive for other automotive suppliers. .....»»