Kia lawsuit says dealer defrauded automaker out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Daily 5 report for Sept. 11: Stellantis gears up for electrified pickups and SUVs
The automaker will invest $406 million in three Michigan plants to build electrified pickups and SUVs......»»
Michigan Chevy dealer embraces EVs while the industry takes a step back
Bowman Chevy in Michigan says staff training and culture leads to success with EVs......»»
Daily 5 report for Sept. 10: Magna pumps the brakes on a North American plant
With EV sales growth slowing, Magna says getting an automaker to commit long term is difficult......»»
GM to up BrightDrop output, add 2nd shift at Ontario plant, Unifor says
General Motors Canada has committed to increasing production at CAMI Assembly starting in the first quarter of 2025, according to Unifor Local 88 as the union and automaker began contract talks Sept. 9. .....»»
Asbury not the only company to battle the FTC instead of settle, attorney says
Jean Noonan, a partner at the Hudson Cook law firm and a former Federal Trade Commission regulator, discusses settling FTC investigations versus fighting them as the car dealer Asbury Automotive Group has done......»»
Daily 5 report for Sept. 6: Sales reports, dealer sentiment give Fed good reason to cut interest rates
The bottom line, as sales stagnate and inventories rise, is that automakers and their customers need interest rates to come down soon......»»
Kia is slow-rolling EV9 U.S. assembly to wait for locally sourced batteries
Kia America COO Steve Center says the automaker will continue to lean on leasing to sell its EVs but calls the provision ‘very fragile.'.....»»
Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues
Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»
Oregon hospital hit with $303M lawsuit after a nurse is accused of replacing fentanyl with tap water
Oregon hospital hit with $303M lawsuit after a nurse is accused of replacing fentanyl with tap water.....»»
Toyota dealer gathering to focus on partnership, products, says brand head Dave Christ
Toyota dealers will gather for their national dealer meeting in Las Vegas on Sept. 10-11 to discuss the Japanese brand's upcoming products and strategy, while dealers may want to question the brand about a spate of embarrassing recalls......»»
AT&T sues Broadcom for refusing to renew perpetual license support
Ars cited in lawsuit AT&T recently filed against Broadcom. Enlarge AT&T filed a lawsuit against Broadcom on August 29 accusing it of seeking to “retroactively change existing VMware contracts to match its new corpor.....»»
New breed of used-car dealer caters to the fast and furious generation
Legal imports of 25-year-old cars from Japan and Europe have grown from fewer than 300 in 2009 to around 20,000 per year. A new breed of used-car dealer is catering to the fast and furious generation......»»
Volvo"s next electric crossover, the EX60, to debut most advanced architecture
The midsize crossover will use the SPA3 underpinnings, which the automaker says will help it build future models faster and for less money......»»
Retail tech company Xcite Automotive plans to raise venture capital after AI acquisition
Xcite, known for reconditioning vehicles and photographing them for dealer websites, purchased Double4 AI to enhance its tech-driven products and services......»»
Ford dealer waives $20,000 repair bill for lawn-mowing charity
Anderson Ford in Lincoln, Neb., responded when it heard that Rodney Smith's van broke down while he was delivering free lawn mowers to teenagers around the country......»»
Stellantis changes Jeep N.A. chief after 9 months
Ram brand executive Bob Broderdorf succeeds Bill Peffer as head of Jeep in North America, while Peffer replaces Phil Langley as head of dealer network development......»»
Ex-VW CEO Martin Winterkorn"s fraud trial starts years after emissions scandal
Former VW CEO Martin Winterkorn is defending himself against several criminal allegations relating to the automaker's diesel-cheating scandal......»»
VW warns of plant closures, job cuts in Germany to reduce spending
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
VW warns of plant closures, forced lay offs in Germany in cost-cutting drive
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
Ally"s EV lease strategy includes tax credits, residual guarantee
Ally Financial has rapidly expanded its EV leasing business after receiving a 50 percent residual value guarantee from an unspecified automaker during the first quarter......»»