Honda, Volkswagen and Chevrolet-Nissan-Honda dealerships sell in Q3 transactions
The country's largest public auto retailer and one of the largest private dealership groups were among third-quarter transactions......»»
Renault beats Q3 forecasts as new launches lift sales
Renault beats Q3 forecasts as new launches lift sales.....»»
Texas man, caught up in dealerships" feud, ticketed for missing license plate during test drive
Longo Toyota of Prosper said it was the first such incident, but police reportedly told the man they were having problems with area dealerships......»»
Lithia saved $50 million more than planned through Q3, sees another $100 million soon
Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23 on the company's Q3 earnings call......»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
Tesla makes $2.2 billion in profit during Q3 2024
Tesla's profit margin is looking healthier than it has in a while. After a rocky first half of the year, Tesla enjoyed a much healthier third quarter in 2024. As we learned earlie.....»»
Lithia Q3 net income dinged by acquisition costs; quarterly revenue hits record
Lithia Motors Inc.'s net income fell 16 percent during the third quarter as the company bought three Florida dealerships and a remaining minority stake in Pfaff Automotive Partners......»»
BMW U.S. boss bets on another record sales year despite Q3 slump
A recall-related stop-sale in the third quarter flipped BMW brand's 3.1 percent first-half sales increase into a 0.2 percent decline after nine months......»»
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......»»
Trump says he"ll make interest on car loans tax deductible for vehicles made in U.S.
Trump has not specified if the tax breaks would be available to many foreign-owned automakers who produce millions of vehicles in the U.S., including Volkswagen Group, Toyota and Hyundai......»»
Shady drugmaker used code words to sell knockoff weight-loss drug: Lawsuit
After cease-and-desist letter, Pivotal Peptides allegedly sold mix-your-own tirzepatide as "11 mg." Amid ongoing legal battles over coveted GLP-1 therapies, a drug vendor in Washi.....»»
A 2nd major recall for Honda in October, this time for pumps that can crack, leak fuel
A 2nd major recall for Honda in October, this time for pumps that can crack, leak fuel.....»»
Shady drugmaker used code words to sell knockoff weight-loss drug: lawsuit
After cease-and-desist letter, Pivotal Peptides allegedly sold mix-your-own tirzepatide as "11 mg." Amid ongoing legal battles over coveted GLP-1 therapies, a drug vendor in Washi.....»»
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......»»
Faulty fuel pump triggers Honda recall of over 700,000 vehicles in U.S.
A cracked core component in the fuel pump can lead to fuel leaks, increasing the risk of fire if an ignition source is present nearby......»»
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......»»