Lithia Motors outsells AutoNation in Q1
The nation's No. 2 retailer based on new-vehicle sales volume outsold fellow giant AutoNation in the first quarter of 2022......»»
SAIC-GM vehicle shipments drop in first 2 months
SAIC-General Motors, GM’s passenger-vehicle joint venture with SAIC Motor Corp., lost more market share in China in the first two months of 2024, with wholesale deliveries dropping 60 percent to 49,500. .....»»
Energy Department spending $750 million to boost hydrogen, and GM will share
The 52 hydrogen projects are designed to accelerate adoption of clean hydrogen as a viable energy source. General Motors and Bosch are among the companies receiving funding......»»
Long-range electric Polestar 3 to cost under $75,000
The Polestar 3 is built on a new platform, sports dual motors and has an estimated EPA range of up to 315 miles......»»
AutoNation to slow used-car outlet expansion, analyst says
The dealership giant is slowing the rate of expansion for its standalone AutoNation USA stores as it deals with used-car supply challenges, according to JPMorgan......»»
Analyst: AutoNation seeks to expand store network
"I will tell you that we have a number of opportunities at this point in time," CEO Mike Manley said during the company's fourth-quarter earnings call......»»
Huawei rises from the dead, outsells iPhone in China
Sanctions crushed Huawei for a time, but new Counterpoint data says Huawei is back. Enlarge / The Huawei Mate 60 Pro+. It's a phone made without most of the traditional US-allied suppliers. (credit: Huawei) Counterpoint.....»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
In 3-year lease world, why micro leases have yet to take off
Breakthrough success with short-term vehicle leases has yet to materialize. Can AutoNation and Polestar find a way to make it work?.....»»
An intergenerational family feud is playing out at Loeber Motors near Chicago
The third-generation president of the Porsche and Mercedes seller is suing his father and uncle in a conflict that's more intense than the typical family business drama......»»
AutoNation, Lithia making progress with captive finance companies
AutoNation and Lithia Motors, the two public franchise auto retailers with the ability to approve car loans for their own customers, said on fourth-quarter 2023 earnings calls they are making progress building those fledgling captive finance companie.....»»
Nikola taps former GM executive Thomas Okray as CFO
Nikola named former General Motors and Amazon executive Thomas Okray as its chief financial officer, the electric-truck maker said Monday. .....»»
Bankrupt Lordstown Motors to pay $26M to settle SEC probe of exaggerated demand claims
SEC: "In a highly competitive race to deliver the first mass-produced electric pickup truck to the U.S. market, Lordstown oversold true demand for the Endurance.".....»»
Ohio-built hydrogen Honda CR-V to start shipping to Japan
Honda's CR-V e:FCEV will use a hydrogen fuel cell powertrain jointly developed with General Motors and be assembled in Ohio for delivery this year to Japan and California......»»
Tesla designer Peter Blades departs for air-mobility startup
Peter Blades has spent much of his career in the auto industry, working at Tesla, General Motors, Kia and Nissan. Now he's looking skyward......»»
EV startup Lucid Motors gets $6 million state grant for Detroit area R&D center
Lucid plans a 30,000-square-foot office space in Southfield, Mich., initially, with intentions to expand with an additional 50,000-75,000 square feet......»»
Lithia Motors closes on Pohlad"s 9-store, $900M Carousel group in Midwest
Lithia Motors Inc. has closed on a nine-store car auto retailer in Wisconsin and Minnesota, which Lithia estimates will bring in $900 million in annually. Lithia bought the group from the Pohlad Cos. conglomerate, whose portfolio also includes the Mi.....»»
EV startup Lucid Motors gets $6M state grant for Detroit area R&D center
Lucid plans a 30,000-square-foot office space in Southfield, Mich., initially, with intentions to expand with an additional 50,000-75,000 square feet......»»
Redesigned Buick Enclave spotted without wraps
Buick has not yet revealed the crossover, built at General Motors' Lansing Delta Township assembly plant in Michigan, but has shown teaser images......»»
Silicon Valley EV startup plans $10M engineering center in Southeast Michigan
Electric vehicle startup Lucid Motors is planning to invest $10 million and create 250 jobs at a new engineering research and development center in metro Detroit......»»
GM’s Cruise prepares to resume robotaxi testing after suspension
General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in the coming weeks, with Houston and Dallas emerging as potential locations, following the grounding of its fleet last year, according to people with.....»»