Krause Auto buys 3 Florida dealerships for more than $110M from Sutherlin Automotive
Krause Auto Group acquired three Florida dealerships selling Nissan and Genesis vehicles......»»
Carvana says price gap between used EVs and ICE cars narrows
Online auto retailer Carvana says its average used-EV sale price fell to $31,000 in the first quarter......»»
New-vehicle inventory little changed at 2.86 million
New-vehicle inventories in the U.S. changed little in April, ending at 2.86 million vehicles, Cox Automotive said — safely under 3 million......»»
ACV reports Q1 net loss of $20M; revenue up 22%
ACV also said the number of used vehicles transacted by dealers and commercial auto companies on its wholesale marketplace platform grew 15 percent year over year......»»
Group 1 Automotive"s Q1 acquisitions cost almost $700 million
The auto retailer also sold the Mike Smith Auto Complex in Beaumont, Texas, to Doggett Automotive Group in the first quarter......»»
GM logistics supplier Proficient Auto raises $215 million in IPO
The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides services to GM, Stellantis, Toyota and other automakers......»»
Used-vehicle wholesale prices down in April, Cox Automotive says
Customers appear to be holding out for more affordable used-vehicle prices and hoping for lower interest rates, Cox Automotive says......»»
Scenes from the Automotive News-Crain Currency event at F1 Miami Grand Prix
The event in Miami brought together industry insiders, private wealth management executives and car collectors......»»
Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation......»»
Canada"s Steve Marshall Group enters U.S. via Hawaii, buys Ford dealerships
The second-quarter acquisition marks the British Columbia group's first dealerships in the U.S......»»
Stella Automotive AI raises VC from Reynolds and Reynolds, dealerships
Stella, which makes automotive artificial intelligence technology for dealerships, secured $19.7 million......»»
Register now for the Automotive News Leading Women Conference
The May 21 event features Ford Motor Co.'s Lisa Drake and Hyundai Motor America's Tia Battle as keynote speakers......»»
Researchers establish commercially viable process for manufacturing with promising new class of metals
Nanostructured high entropy alloys—metals made from a chaotic mix of several different elements—show a lot of promise for use in industries such as aerospace and automotive because of their strength and stability at high temperatures compared wit.....»»
AlixPartners agrees to acquire global automotive consulting firm Berylls
AlixPartners plans to add Berylls' expertise in digital, strategy and growth consulting......»»
Dive into our annual rankings, lists and enterprise reporting
A guide to Automotive News' lists, rankings and deep reporting so far this year......»»
Boaters dumping trash in South Florida"s waters? Teens face felony charges
Two teen boaters are facing felony charges for pollution after they were caught on video dumping trash into the Atlantic Ocean during a South Florida boating party......»»
Want to show teachers appreciation? This top school gives them more freedom
When teachers at A.D. Henderson School, one of the top-performing schools in Florida, are asked how they succeed, one answer is universal: They have autonomy......»»
First crewed Starliner test needs good weather for launch. Here’s the forecast
NASA and Boeing Space are a short time away from conducting the first crewed launch of the Starliner spacecraft from the Kennedy Space Center in Florida......»»
Magna adds 363 jobs at 3 operations in Michigan
Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week......»»
Counterfeit Cisco gear ended up in US military bases, used in combat operations
"One of the largest counterfeit-trafficking operations ever." Enlarge / Cisco Systems headquarters in San Jose, California. (credit: Getty) A Florida resident was sentenced to 78 months for running a counterfeit scam th.....»»
Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant
A quick look at the top automotive stories of the week as determined by reader interest......»»