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 says Q2 net income slipped 11% while new stores lifted revenue 12%
Lithia Motors reported second-quarter revenue of $8.1 billion, up 12 percent from a year earlier, but net income fell 11 percent to $301.1 million......»»
Bollinger Motors plans $44M expansion near Detroit, creating 237 jobs
Bollinger Motors Inc. aims to invest $44 million at its Detroit area manufacturing plant and headquarters in an expansion that would create 237 jobs. The homegrown electric truck startup, bought by Mullen Automotive Inc. last year, is preparing to.....»»
GM plans Detroit EV parts warehouse at former AMC building site
General Motors Co. is working to open a warehouse for electric vehicle parts at the former American Motors Corp. site in Detroit to serve its nearby Factory Zero assembly plant......»»
AutoNation"s Q2 net income slips nearly 30 percent; shares fall
The auto retail giant saw gains in service and parts revenue, while used-vehicle sales declined......»»
AutoNation"s Q2 net income drops nearly 30%
The auto retail giant saw gains in service and parts revenue, while used-vehicle sales declined......»»
GM plans Detroit EV parts warehouse in former AMC Building
General Motors Co. is working to open a warehouse for electric vehicle parts at the former American Motors Corp. site in Detroit to serve its nearby Factory Zero assembly plant......»»
JLR confirms Adrian Mardell as CEO
Mardell's appointment was announced a day after JLR parent Tata Motors said it will open an EV battery plant in the U.K. to supply JLR's future battery-electric models......»»
Battery shortage forces GM to pause commercial EV production
GM's efforts to scale up EV production are being hampered by supply issues. Enlarge / In March BrightDrop shipped the first 500 vans built at its factory in Canada. (credit: BrightDrop) General Motors has idled productio.....»»
Column: While Bryan DeBoer buys the stores, COO Chris Holzshu keeps Lithia running
Lithia COO Chris Holzshu prefers herding auto industry leaders to freezing on a fishing boat......»»
Column: Lithia leaders divide duties to manage growth
Lithia COO Chris Holzshu prefers herding auto industry leaders to freezing on a fishing boat......»»
With 2 motors and 2 batteries, the Ariel Grizzly e-bike doubles down on speed
The Grizzly is an outstanding performance e-bike and a laid-back Class 2 cruiser in level 1 pedal assist mode......»»
Oregon Honda store harnesses Lithia’s decentralized model
Lithia Motors' decentralized business model has allowed a Honda dealership in Southern Oregon to specialize in used-truck sales......»»
Oregon general manager shows power of Lithia Partners Group
Lithia Motors' decentralized business model has allowed a Honda dealership in Southern Oregon to specialize in used-truck sales......»»
Lithia eyes additional businesses in 2025 plan and beyond
Hurdles remain three years into Lithia's ambitious plan, but two things are clear: The company is confident of success, and it's already testing the waters for further growth......»»
Lordstown seeks buyer amid Foxconn fiasco; no takers so far
Lordstown Motors is restructuring and offering up its Endurance electric pickup and related assets. It's a tough sell......»»
Lithia unloads Toyota, Ford and Bentley-Lotus dealerships
Lithia Motors, fresh off two June acquisitions, sold three U.S. dealerships this month, including one it had just purchased......»»
Gerald Meyers, CEO who steered American Motors during rocky period, dies
Meyers, a self-described "buck chaser," played a key role in Jeep history and helped bring the AMC Pacer to creation before heading the nation's 4th-biggest automaker and Detroit's perennial underdog. He was 94......»»
EV startup Lordstown Motors files for bankruptcy protection
Struggling company accuses Taiwanese group Foxconn of reneging on commitments. Enlarge (credit: Bloomberg) Lordstown Motors has filed for bankruptcy protection, marking the end of the road for an ailing electric truck ma.....»»
Lordstown Motors files for Chapter 11 bankruptcy, sues Foxconn, seeks buyer
Lordstown filed for bankruptcy with plans to seek a buyer. It does not have an initial offer in hand, known in bankruptcy parlance as a stalking-horse bidder, which sets a minimum price other suitors can top in an auction......»»
Lithia buys Ford dealership in Atlanta area
The dealership giant is pursuing an aggressive acquisition strategy with an eye on reaching $50 billion in revenue by the end of 2025......»»