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......»»
GM quietly snatches key Tesla gigacasting supplier
TEI is now part of General Motors after agreeing to a deal that may have flown under the radar but is a key part of the U.S. automaker's strategy to make up ground on Tesla, four people familiar with the transaction told Reuters......»»
After General Motors ditches CarPlay, it taps Apple for UI talent
General Motors announced back in March that it was ditching CarPlay from future vehicles, in favor of its own infotainment systems. The company originally partnered with Google on this, but now seems to have decided it needs an Apple touch – by.....»»
GM will build F1 powertrains in 2028 as long as F1 lets Andretti in
An engine program should answer questions about General Motors' commitment to F1. Enlarge / GM says the only way Cadillac enters F1 is in the back of an Andretti car. (credit: Cadillac) At the start of the year, we got.....»»
GM plans F1 power unit supply to Andretti from 2028
General Motors has formally registered with Formula One's governing body to provide power units to a proposed Andretti Cadillac team from 2028, the U.S. carmaker announced on Tuesday......»»
GM credit card being dropped by Goldman Sachs; GM eyes new partners
General Motors said it would continue to "reward customers for their loyalty to our brands" as it evaluates new partners. .....»»
GM partnership aims to advance EV motor technology
Niron Magnetics has technology that doesn't use costly rare earth minerals for EV motors. The company has raised $33 million from GM Ventures, Stellantis Ventures and other investors......»»
Lucid joins other automakers by adopting Tesla charging plug
Lucid Motors has become the latest automaker to announce that it will adopt the North American Charging Standard (NACS) for its electric vehicles......»»
Lucid job post hints at addition of Apple and Amazon Music to its EVs – more media apps to follow?
A recent job opportunity on LinkedIn posted by Lucid Motors less than 24 hours ago hints at an incoming new media app infotainment for its EV drivers. According to Lucid’s new role of senior product manager, media partner management, one of the key.....»»
GM, Ford shares are so cheap they’re worth buying, analyst says
Labor strikes and other auto industry challenges have made shares of General Motors Co. and Ford Motor Co. “historically cheap,” creating a buying opportunity for investors, according to Barclays......»»
AutoNation Q3 net income continues double-digit drop
The dealership giant's third-quarter net income continued double-digit declines from earlier in the year, though new-vehicle sales saw robust increases......»»
Pendragon shareholders approve Lithia"s $481M acquisition
Pendragon shareholders overwhelmingly approved the $481 million offer from Lithia Motors to buy the major United Kingdom retailer, Pendragon said Wednesday......»»
Honda says making cheap electric vehicles is too hard, ends deal with GM
The platform was to use GM's Ultium batteries. Enlarge / A GM Ultium battery pack. (credit: Santa Fabio for General Motors) Bad news for fans of cheaper electric vehicles: The planned collaboration between Honda and Gen.....»»
Lithia Q3 net income slips 20%, revenue record for quarter
Lithia set a third-quarter revenue record but saw quarterly net income fall 20 percent from a year earlier to $265 million as vehicle sales rose but gross profit fell......»»
Lithia"s $481M purchase of Pendragon approved by shareholders
Pendragon shareholders overwhelmingly approved the $481 million offer from Lithia Motors to buy the major United Kingdom retailer, Pendragon said Wednesday......»»
GM Financial Q3 net income down 19%
GM Financial Q3 2023 earnings: GMF's net income dropped to $558M in the third quarter of 2023. But General Motors CFO Paul Jacobson said the captive finance company still "had a strong quarter.".....»»
Sources: UAW now wants at least 25% raises
The new figure, relayed to some bargaining teams in recent days, is 2 percentage points above the raises proposed by Ford, General Motors and Stellantis, which would put top earners at more than $40 per hour by 2027......»»
California DMV suspends Cruise deployment and testing permits
In a major blow to General Motors-backed Cruise, the California Department of Motor Vehicles suspended the company's driverless deployment and testing permits Tuesday......»»
Lordstown Motors ex-CEO approved to buy company assets for $10 million
LAS Capital, majority-owned by former CEO Steve Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for EV motors and batteries......»»
AutoNation won"t make formal Pendragon offer
AutoNation Inc. has joined Penske Automotive Group Inc. in dropping a pursuit of Pendragon, a large auto retailer in the United Kingdom, which Lithia Motors Inc. also is pursuing......»»
UAW warns it will add plants to strike at any time until deal reached
Ford now has more workers on strike than General Motors and Stellantis, even though it has offered the highest pay among the three automakers......»»