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......»»
Lithia Motors downplays $50B 2025 revenue target, stresses earnings per share growth
Lithia Motors Inc. CEO Bryan DeBoer is downplaying his dealership group's goal to reach $50 billion in revenue by 2025 and is focused more on another benchmark......»»
Honda’s first US-market EV is here—the 2024 Prologue, driven
The Honda Prologue uses General Motors' Ultium platform. Enlarge / Honda definitely doesn't want you to think of the Prologue as a rebadged Chevy Blazer EV, and it has worked quite hard to make it feel like a Honda. (credit: Rob.....»»
AutoNation naming rights end at Fort Lauderdale soccer stadium
MLS' Inter Miami CF stadium had been named for AutoNation Inc.'s DRV PNK initiative......»»
Scout Motors SUV, pickup design won"t be trapped in the "70s, CEO Scott Keogh says
EV startup Scout Motors has fully embraced the heritage of International Harvester's vehicles. But that doesn't mean the upcoming designs will be overtly retro......»»
Scout Motors touts benefits of being a Volkswagen Group-backed startup
For EV brand Scout Motors, being a startup backed by Volkswagen Group has its perks, namely crucial resources such as supply chain and production......»»
AutoNation integrating RepairSmith with its used-vehicle stores
The publicly traded dealership group acquired RepairSmith in 2023 and is now integrating it with its standalone AutoNation USA used-car stores......»»
Scout Motors, forging ahead as EV growth slows, breaks ground on S.C. plant
The groundbreaking of Scout Motors' $2 billion plant follows the fledgling automaker's decision to set up core R&D operations in Metro Detroit and a number of key hires......»»
Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million......»»
Bollinger Motors picks LaFontaine Automotive as first commercial dealer
Bollinger Motors named LaFontaine Automotive Group its first authorized dealer as the EV company works to deliver an all-electric Class 4 commercial truck......»»
AutoNation cut back regional executives, reports $7 million in severance expenses
The company said in a statement it is trying to reduce internal bureaucracy, improve decision-making response times and "increase direct interactions with the executive team.".....»»
AutoNation Q4 net income drops 25%
AutoNation Inc.'s net income dropped 25 percent in the fourth quarter, another double-digit percentage decline for the company. Revenue was up 1 percent; new-vehicle sales jumped and used-vehicle sales dropped......»»
GM Cruise nabs former Apple car exec for autonomous car safety chief role
A former Apple executive linked to the Apple Car has joined General Motors Cruise, becoming the chief of its self-driving taxi unit.Steve Kenner [Kodiak]Steve Kenner became the chief of safety at the GM autonomous vehicle unit on Monday, the company.....»»
Countries Are Building Giant ‘Sand Motors’ to Protect Their Coasts From Erosion
As sea levels rise, engineers are using massive Dutch-inspired sand sculptures to protect shorefront settlements......»»
Driverless vehicles covered five times more test miles in California in 2023
General Motors' Cruise unit and Google affiliate Waymo accounted for the bulk of the miles — 63 percent and 36 percent respectively — recorded without a safety driver, according to the state's department of motor vehicles......»»
Lithia closes $482M Pendragon deal after U.K. regulators give OK
Lithia closed on its nearly $500 million purchase of car dealership group Pendragon, a deal which largely completes Lithia’s expansion into the U.K. and also puts the U.S. group in the dealership management system business......»»
F1 says no to Andretti but door open for 2028 with GM
Formula One rejected on Wednesday a bid by U.S.-based Andretti to enter in 2025 or 2026, saying it doubted a proposed 11th team would be competitive or add value, but kept a door open for 2028 when General Motors could provide an engine. .....»»
Remanufactured headlamps cheaper for consumer, keep waste out of landfills, GM says
General Motors is working with Llink Technologies to produce and sell remanufactured headlamps, giving dealers and customers more choice when a damaged one needs to be replaced. The partnership allows GM to compete in the aftermarket space and is bet.....»»
Toyota halts some diesel shipments after more testing irregularities
Toyota's latest problems, this time involving product certification for diesel engines supplied to passenger vehicles by Toyota Industries, follow earlier testing scandals at minicar maker Daihatsu and truck affiliate Hino Motors......»»
Buy-sell consolidation and auto retail giants are everywhere you look, including the Rolex 24 at Daytona
When Lithia Motors bought Pfaff Automotive Partners in 2021, it opened the door to getting involved in racing......»»
Cruise failed to disclose disturbing details of self-driving car crash
Company did not share all it knew about the accident with regulators. Enlarge / A Cruise robotaxi test vehicle in San Francisco. (credit: Cruise) A law firm hired by the General Motors’ self-driving subsidiary Cruise t.....»»