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......»»
AutoNation picks former Gulf States Toyota leader as new COO
Jeff Parent starts with an annual base salary of $800,000, a one-time payment of $1.5 million and various stock compensation......»»
Detroit area Ford dealership lets go of employee after ‘hateful" UAW comment
Lithia Motors Inc. said it let go a dealership employee for violating the company's social media policy. The employee's dismissal followed the individual posting an inflammatory comment about the UAW......»»
Penske-Hedin bid for Pendragon rejected after Lithia acquisition announcement
Days after Lithia Motors Inc. said it had agreed to a deal to acquire Pendragon's dealership and fleet businesses, Pendragon's board of directors rejected a joint offer from a Penske Automotive Group subsidiary and Hedin Mobility Group......»»
UAW demands would make Detroit 3 uncompetitive, ex-car czar Rattner says
Steven Rattner, who negotiated concessions with the UAW to help keep General Motors and Chrysler afloat in 2009, says union workers deserve significant raises but can't make the automakers uncompetitive......»»
Deal would give Lithia a large presence in U.K. and a pathway to a DMS
Lithia Motors' plan to purchase the dealership and fleet businesses of Pendragon in the U.K. is a sizable deal. But the other component, giving Lithia an ownership stake in a dealership management system company, could have the biggest impact for the.....»»
Bollinger Motors readies its first electric truck, a Class 4 chassis cab
With the majority of the engineering complete on Bollinger's first commercial product, a battery-powered Class 4 chassis cab, final testing is underway, and Bollinger's marketing team is about to hit the road to book orders ahead of the planned start.....»»
GM hires former Apple Pay and iCloud directors for software and services team – source
GM continues to hire current and former Apple employees as it rejects CarPlay from its EVs. General Motors has hired former directors of Apple Pay and iCloud to work on GM’s new software and services division, according to a source who shared hirin.....»»
Nikola taps former General Motors executive Mary Chan as new COO
Mary Chan comes to Nikola at a key moment. The company is being led by a new CEO and is working through a recall impacting all 209 of its battery-electric vehicles on the road......»»
AutoNation, Hendrick Automotive top online reputation survey
Hendrick Automotive has snagged the top ranking among privately owned dealership groups for three straight years while AutoNation marks its second year atop public auto retailers in Reputation's rankings. And Mitsubishi and Infiniti outranked other b.....»»
Lithia to buy Pendragon"s UK dealerships, take stake in DMS
Lithia Motors plans to not only make a significant dealership acquisition in the United Kingdom. Its pending deal also includes a fleet management platform and an ownership stake in Pinewood Technologies, which plans to bring a dealership management.....»»
Wheel-hub motor maker Elaphe moving on from Lordstown
Elaphe supplied wheel-hub motors for the Lordstown Endurance pickup. Now the company is moving on to work with other automakers and expects its motors to be on another vehicle by the end of the decade......»»
Cruise says robotaxi didn"t delay San Francisco ambulance
General Motors-backed Cruise says video shows that its autonomous vehicles didn't keep an ambulance from getting an accident victim to a hospital in time for life-saving treatment......»»
Stellantis offers 14.5% raises to UAW; union calls it "deeply inadequate"
The proposal compares to initial offers of 15% by Ford Motor Co. and 16% by General Motors, though Stellantis wants to structure the raises in a way that would have a larger effect on workers' future earnings......»»
Stellantis offers 14.5% raises to UAW
The proposal compares to initial offers of 15% by Ford Motor Co. and 16% by General Motors, though Stellantis wants to structure the raises in a way that would have a larger effect on workers' future earnings......»»
AutoNation captive finance arm"s aim narrows
AutoNation, which acquired CIG Financial in late 2022, told independent dealer customers that it would no longer handle their financing. Instead, it will focus on franchised dealers and AutoNation USA stores......»»
Scout Motors Electric SUV: rumored price, release date, design, and more
Another electric SUV is on the way. Volkswagen Group has announced that it's bringing back the Scout name for a new electric SUV. Here's what you need to know......»»
4 of 6 publics see Q2 F&I gross profit drop; more decline possible
Lithia Motors, Penske Automotive, Group 1 Automotive and Asbury Automotive all saw same-store F&I gross profit per vehicle decline year over year in second-quarter earnings, while AutoNation and Sonic Automotive posted increases. Analysts from Stephe.....»»
Ford"s Kumar Galhotra to speak at Automotive News Congress
Galhotora, who leads Ford's gasoline-powered vehicle business, will join a keynote lineup that includes General Motors President Mark Reuss and Hyundai Motor Co. President Jose Muñoz......»»
Ex-NASA surveillance van with retractable roof cameras goes on sale
The $26,795 van is filled with audio and video recorders, radios, and cameras. Enlarge / $27,000 is a lot to pay for a 2006 Ford Econoline, but this one is not your average van. (credit: Chicago Motors) Yesterday aftern.....»»
Acura, Honda EVs will adopt Tesla charging port
Honda Motor Co.'s first new-era Honda and Acura electric vehicles will adopt Tesla's North American Charging Standard connectors once General Motors switches over in 2025......»»