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......»»
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......»»
GM’s Cruise upgrades robotaxis after crash with firetruck
Cruise LLC, the robotaxi company owned by General Motors Co., said its fleet is now better equipped to deal with emergency vehicles following a series of safety incidents,.....»»
Unifor, GM reach tentative deal, putting strike action "on hold"
Unifor has reached a tentative agreement with General Motors Canada after a strike that lasted a little more than 12 hours at three of the automaker’s Ontario workplaces. .....»»
Timeline: How the race for Pendragon shaped up
Pendragon appeared primed to sell most of its assets to Lithia Motors Inc. when the transformative but still pending deal was revealed in mid-September. That kick-started a flurry of jostling among three of the largest auto retailers......»»
Striking UAW workers win key battery plant concession from General Motors
Further walkouts at GM factories were averted after the automaker made its offer. Enlarge / UAW members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, hold signs after.....»»
Lithia Motors looks closer to Pendragon acquisition
Lithia Motors' increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer's preliminary proposal, one analyst said......»»
Detroit 3 keep incentives despite UAW strike, though GM"s run shorter
Ford, General Motors and Stellantis don't seem to have gone "cold turkey" on their October car sales promotions despite the UAW strike, a J.D. Power analyst said. But GM's deals run only two weeks......»»
UAW strike hasn"t crimped Detroit 3 inventory levels
General Motors has the biggest risk of running low on inventory, particularly if the UAW orders workers at its full-size truck plants onto picket lines......»»
Penske, Hedin won"t put offer in for Pendragon
Publicly traded auto retailer Penske Automotive Group said in a regulatory filing Wednesday that it, in partnership with Sweden's Hedin Mobility Group, does not intend to make an offer for Pendragon's dealership and fleet businesses. Lithia Motors In.....»»
Incentive spending cuts likely for Detroit 3 amid strike
The UAW strike will prompt Ford, General Motors and Stellantis to pare back incentive deals for car shoppers, according to J.D. Power and Edmunds analysts. However, incentives are already low industrywide......»»
GM, Stellantis face $9.5 billion in U.S. fuel economy fines, according to industry letter
The proposal by President Joe Biden's administration to hike fuel economy standards through 2032 would cost General Motors $6.5 billion in fines and Stellantis $3 billion, according to a letter from the American Automotive Policy Council......»»
Judge upholds Tesla arbitration agreement that drivers called “unconscionable”
Lawsuit said Tesla and Elon Musk falsely marketed cars as self-driving. Enlarge / Tesla Motors store in Tokyo, Japan, on Friday, Aug. 18, 2023. (credit: Getty Images | Bloomberg) Four Tesla drivers who sued the company o.....»»
Lithia Motors raises bid for Pendragon car dealerships
Two weeks after Lithia Motors Inc. revealed its plans for Pendragon in the U.K., the auto retailer has updated its offer to pay significantly more cash for the business......»»
Why Detroit 3 automakers" EV futures ride on UAW deal
The deals that Ford Motor Co., General Motors and Chrysler parent Stellantis eventually make with the union will go a long way toward determining their electric futures, according to industry experts......»»
Chevy, Cadillac dealerships trade hands after Nebraska court battle involving GM exercising its right of first refusal
General Motors last year exercised its right of first refusal in a buy-sell deal for two Nebraska stores. The automaker ultimately sued the seller and original buyer before a judge dismissed the case. The stores changed hands in May......»»
Lithia"s CEO confident in its deal for Pendragon
AutoNation Inc. last week said it followed rivals Lithia Motors and Penske Automotive Group Inc. into the bidding war for Pendragon......»»
Unifor sets Oct. 9 deadline for contract talks with General Motors
Negotiations between the union and the U.S. automaker resumed after workers at Ford Motor Co. of Canada voted to approve a new contract......»»
AutoNation joins Pendragon bidding war
A week ago, Lithia Motors Inc. revealed a potentially transformative deal to acquire the dealership and fleet businesses of U.K. auto retailer Pendragon and secure a pathway to a dealership management system. Now it faces yet another bid from a rival.....»»
GM picked as next bargaining target by Unifor in Canada
Unifor picked General Motors Canada as its next bargaining target, a day after union members narrowly ratified a three-year collective agreement with Ford Motor Co. of Canada that set the pattern for this year’s auto talks......»»
Penske bids throw wrench into Lithia deal for Pendragon
Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal.....»»