Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group......»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Julie Herrera buys another Texas store
City Limits Nissan is the first dealership Julie Herrera bought without the backing of her investor partner Cavender Auto Family of San Antonio......»»
Rivian taps Volvo executive as COO ahead of new-model launch
Rivian Automotive Inc. hired Javier Varela as its new chief operations officer to help the electric-vehicle maker scale output as it prepares to roll out a lower-cost model geared for the mass market......»»
Sonic Automotive"s EchoPark used-car business shows Q1 turnaround
Sonic Automotive President Jeff Dyke said the group won't open any EchoPark stores this year......»»
Harbour Results, adviser to tool-and-die shops and small manufacturers, acquired by Wipfli
Harbour Results Inc., a longtime advisory group to small- and medium-size automotive manufacturers and tool-and-die makers in North America, was acquired by Milwaukee advisory and accounting firm Wipfli......»»
4 suppliers honored for innovative tech partnerships with GM
UVeye, Aspen Aerogels, Carbon Revolution and Gentherm received Innovation Partnership Awards during the annual Automotive News PACE Awards program this week. All four companies were recognized for their work with GM......»»
Continental Auto Group founder Bryan Hardeman arrested on more arson charges
Bryan Hardeman, founder of Continental Automotive Group, was arrested for the second time in two months in connection with multiple suspected arson fires in Austin, Texas......»»
Penske Automotive Q1 net income falls 28%
Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»
Why the automotive sector is a target for email-based cyber attacks
While every organization across every vertical is at risk of advanced email attacks, certain industries periodically become the go-to target for threat actors. In this Help Net Security video, Mick Leach, Field CISO at Abnormal Security, discusses wh.....»»
PACE Awards go to innovations from Dana, Valeo, Yazaki and 10 others
2024 Automotive News PACE Award winners ranged from an advancement in lidar technology to a potentially better way to paint cars in the factory......»»
Scenes from the 2024 Automotive News PACE Awards
The event in Detroit celebrated the best in supplier innovation......»»
Asbury Automotive says 10 dealerships are up for sale
Asbury Automotive Group said it entered Q2 with $243 million in assets for sale — including 10 dealerships — after selling a Jim Koons Lexus site in Delaware to MileOne Autogroup in March......»»
Standardized power management could extend EV battery range
The automotive industry is being pushed to establish a standard to manage the power flow to electronic control units that govern different parts of the vehicle depending on the context......»»
Know a rising star? Let us know
Automotive News' 11th annual search is underway for Rising Stars at automakers, suppliers, mobility companies and service providers......»»
Top 5 stories of the week: GM, Ford and Tesla earnings; lowest-cost EVs
A quick look at the week's top automotive stories.....»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group......»»
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......»»
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......»»