Craft Automotive to sell Honda, Hyundai, Stellantis dealerships to Carter Myers Automotive
Craft Automotive Group said it signed an agreement to sell three dealerships to Carter Myers Automotive. The transaction is slated to close in August......»»
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......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
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......»»
The US Government Signs TikTok “Ban” Law into Effect
The new law gives ByteDance an initial nine months to sort out a deal that would require to sell TikTok to a different entity. The post The US Government Signs TikTok “Ban” Law into Effect appeared first on Phandroid. Followin.....»»
Reddit, AI spam bots explore new ways to show ads in your feed
Reddit says its "communities are naturally commercial." Enlarge (credit: Getty) Reddit has made it clear that it’s an ad-first business. Today, it expanded on that practice with a new ad format that looks to sell thin.....»»
U.S. EV battery upstart, Hyundai-Kia close in on lithium metal battery commercialization
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batteries to market as early as 2026 and is turbocharging the drive through a new agreement to jointly build and test the technology with South Korea's Hyund.....»»
Biden signs TikTok bill into law as Chinese firm threatens legal action
President Biden has now formally signed the bill that means TikTok owner ByteDance must sell the platform, or face being banned in the US from 2025.TikTok could be banned in the US from 2025As expected following the Senate's passing of the combinatio.....»»
US bans TikTok owner ByteDance, will prohibit app in US unless it is sold
Bill gives ByteDance 270 days to sell TikTok or app loses access to US market. Enlarge (credit: Getty Images | Chesnot ) The Senate last night approved a bill that orders TikTok owner ByteDance to sell the company within.....»»
Honda"s new Ye Series EVs for China foreshadow U.S.-bound next-gen 0 Series
Honda's new family of all-electric vehicles, called the Ye Series, goes on sale in China this year and advances the Japanese carmaker toward a next-generation of software-powered EVs that are bound for the U.S. and other markets......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
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......»»
Xiaomi Wants to Sell 100,000 SU7 Units this 2024
Xiaomi's going all-in with its new EV. The post Xiaomi Wants to Sell 100,000 SU7 Units this 2024 appeared first on Phandroid. Xiaomi’s SU7 EV has certainly become one of the most talked-about electric cars this year, as it represents.....»»
Biden will ban TikTok unless Chinese owner ByteDance sells it
After a vote in the Senate tied to foreign aid late on Tuesday, President Biden will sign into law a requirement for ByteDance to sell or divest its TikTok platform within a year.TikTok could be banned in the USThe combination bill including a potent.....»»
Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»
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......»»
Column: Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»