Lithia Motors buys Ferrari-Bentley-Lotus dealership
Lithia Motors Inc.'s collection of exotic and ultraluxury dealerships expanded with a purchase of a store in Colorado......»»
Ferrari"s $3.9M F80 is destined to become the "ultimate collector"s piece"
Ferrari"s $3.9M F80 is destined to become the "ultimate collector"s piece".....»»
Daily 5 report for Oct. 17: GM clarifies "virtual by 2025" goal
A statement from General Motors said the automaker doesn't have plans to shift its entire development system to virtual at this point......»»
Ferrari unwraps $3.9 million flagship supercar
The F80 was designed to embody “the ultimate in engineering” for a car with an internal-combustion-engine, Ferrari said. It is the first range-topping Ferrari supercar since the F40 in 1987 that doesn't feature a V-12 engine......»»
General Motors to contribute $625 million to new JV with Lithium Americas
General Motors will contribute $625 million to a new JV with Lithium Americas, with the money going toward developing the Thacker Pass project in Nevada......»»
General Motors to contribute $625 million ln to new JV with Lithium Americas
General Motors will contribute $625 million to a new JV with Lithium Americas, with the money going toward developing the Thacker Pass project in Nevada......»»
Detroit 3 suppliers face dilemmas on rapidly growing China EV business
As Ford, General Motors, Stellantis and other traditional automakers lose ground in China, their suppliers are scrambling to fill the void and preserve positions in what is now the world’s largest auto market. .....»»
F&I tip: Be available by phone to the lender on stipulation deal
Dealership staff should be sure their indirect auto lending partners can reach them by phone when a deal is contingent on the customer providing stips......»»
Ala. dealership sues Mitsubishi over warranty reimbursement rate
A Florence, Ala., dealership has filed a lawsuit against Mitsubishi Motors North America, saying the company failed to approve its requested steep hike in its hourly reimbursement rate for warranty work......»»
GM taking vehicle development fully virtual in 2025 to save money, time
General Motors is aiming to move to a fully virtual design, development and validation system for its vehicles by next year......»»
Lamborghini lawsuit against Ill. dealership can proceed, federal judge rules
A federal judge in Illinois has refused to dismiss a fraud claim by Automobili Lamborghini America against a Chicago dealership, its president and an employee for allegedly selling dozens of luxury vehicles to known resellers, misreporting those sale.....»»
N.Y. dealership sues former finance manager, alleges he accepted kickbacks from extended warranty vendor
A former finance manager took hefty kickbacks from a vendor of extended warranty contracts, according to a lawsuit filed by a New York City dealership......»»
Mexico has prototypes for its own compact EV, President Claudia Sheinbaum says
The president didn’t name specific companies that could produce EVs, but said that Mexican manufacturers of motors will work together with researchers on potentially multiple models......»»
Brembo buys suspension maker Ohlins Racing for $405 million
Brembo is buying suspension maker Ohlins Racing for $405 million, in the premium brake maker's biggest ever acquisition......»»
Audi Tysons Corner named 2024 Best Dealership To Work For
The 2024 Automotive News Best Dealerships To Work For program includes new categories such as Best Single-Point Dealerships and Best Rural Dealerships......»»
GM says simplifying gasoline vehicles has made them more profitable
Earnings from the Chevrolet Trax subcompact crossover have increased roughly 20 percentage points over the previous model, General Motors President Mark Reuss said......»»
Nissan dealership sues after toxic chemical fire forced 3-day closure
Conyers Nissan, located less than 3 miles from a fire that released dangerous levels of chlorine, is seeking class-action status to represent thousands of affected businesses......»»
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
North America can seize EV leadership from China, GM battery chief says
The U.S. can seize global leadership on electric vehicle batteries as the customer base for EVs grows, said Kurt Kelty, General Motors' vice president of batteries......»»
General Motors is ditching Ultium branding for its EV batteries
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
Former general manager forms auto group, buys first dealerships
A former general manager has purchased his first dealerships, in Iowa, as part of the newly created Coleman Automotive Group......»»