Auto retail veteran McLarty leads new SPAC
Franklin McLarty said last week that MDH is open to automotive retail as a target sector, but he and his team likely aren't interested in traditional franchised dealerships......»»
Daily 5 report for Sept. 26: This Jeep story reinforces why auto shows are suffering
What better way to make a new-vehicle splash than to do the unveiling on the 46th floor of a Tokyo high-rise with a breathtaking view of the nation's capital?.....»»
Auto industry preps for unprecedented USMCA review as crucial elections loom
The auto industry is preparing for a first-of-its-kind review of the United States-Mexico-Canada Agreement in 2026, a process that could significantly impact automotive trade rules in the region......»»
CarMax"s Q2 net income rises 12%, revenue falls less than 1%
CarMax said it retailed 211,020 used vehicles in its second fiscal quarter, up 5.1 percent year over year. Same-store used-vehicle retail sales rose 4.3 percent......»»
Canadian auto industry pushes government to ban Chinese software, hardware
Canada’s auto industry is calling on the federal government to follow the lead of its U.S. counterparts in a push to ban Chinese software and hardware used in connected vehicles on American roads......»»
Auto companies struggle to recruit and keep software, tech talent
Outdated HR and hiring structures hinder the EV transition as competition for digital talent intensifies, according to Josh Bersin Co......»»
Overheard: View your repair shop from the perspective of the customer
Shop owners should spend a couple hours each month thinking about how the customer perceives their repair facility, Lauralee Schmidt, co-owner of Schmidt Auto Care in Springboro, Ohio, said on the "Ratchet+Wrench Radio" podcast......»»
Ford leads industry in minority dealership gains
Ford displaced Stellantis as the automaker that added the most minority-owned dealerships last year, with a net gain of 24......»»
Chrysler Voyager returns to U.S. retail lineup
The entry-level minivan comes stocked with comfort and tech features and goes on sale this year......»»
Lower-income households have high auto payments, according to Bank of America
The customers who purchased vehicles during the height of the inventory shortages are still feeling the strain; lower-income households seem to be feeling that strain the most......»»
Auto industry aims for digital experience as easy as smartphones, streaming services
Software-defined vehicle technology underpins an easy in-car experience, panelists said at the Automotive News Congress......»»
Traditional auto dealership franchises might work best, new study says
A new Oliver Wyman study, commissioned by NADA, believes the cost advantages of hybrid or direct-to-consumer auto distribution models have been overstated......»»
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.....»»
America"s Group CEO: More auctions to buy for better reach across U.S.
Auto auction services provider America's Group wants more market share. It's actively acquiring......»»
White House picks Monroe Capital to develop $1 billion fund for auto suppliers
The fund will help smaller firms along the supply chain gain access to capital in what is an underserved market in finance, despite being a trillion-dollar industry, CEO Theodore Koenig said......»»
‘Pride flag’ at Northern California restaurant leads to assault and hate crime investigation
‘Pride flag’ at Northern California restaurant leads to assault and hate crime investigation.....»»
Attempted Palmetto berry harvest leads to arrest of four Florida men in Gulf Shores
Attempted Palmetto berry harvest leads to arrest of four Florida men in Gulf Shores.....»»
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......»»
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......»»
GM uses dealer feedback to implement online sales platform
Nearly 1,000 dealers use General Motors' Digital Retail Platform, which is designed to create a consistent shopping experience and reduce some of the cost required to sell vehicles......»»
Cleaning the ocean has a price — and layers of complications
Pulling plastic from the ocean and recycling that into auto parts is the plan. The challenges are immense, but worth it......»»