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......»»
Auto workers union, Sanders blast GM for wages at U.S. battery plant
The UAW and U.S. Senator Bernie Sanders criticized a General Motors joint venture battery plant for paying workers less than assembly plant employees even though it benefits from U.S. government tax credits......»»
Auto workers union, Sanders blast GM for wages at US battery plant
The UAW and U.S. Senator Bernie Sanders criticized a General Motors joint venture battery plant for paying workers less than assembly plant employees even though it benefits from U.S. government tax credits......»»
Auto retail giant Lithia Motors says it cut about 1,000 jobs
Auto retail giant Lithia Motors Inc. told analysts last week that it cut about 1,000 positions......»»
Samsung SDI expanding presence in US EV battery manufacturing
Samsung SDI and General Motors (GM) have announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles (EV) in the US. It is Samsung SDI's second EV battery JV in the US, following its partnershi.....»»
Lithia exits Alabama with sale of Subaru store; sells 2 other dealerships in Q3 deals
Lithia Motors made its first divestiture of 2023 with the sale of a Subaru store in Alabama, which was the auto retail giant's entry into the southeastern state. The group also sold two other dealerships last year in third-quarter transactions......»»
Honda’s electric go-kart shows off its easily swappable battery system
Honda wants to replace small gasoline engines with electric motors and batteries. Enlarge / The kart places battery packs on either side of the driver. (credit: Abigail Bassett) LONG BEACH, Calif.—Honda has its hands.....»»
This go-kart demos an electric alternative to gas ATVs and generators
Honda wants to replace small gasoline engines with electric motors and batteries. Enlarge / The kart places battery packs on either side of the driver. (credit: Abigail Bassett) LONG BEACH, Calif.—Honda has its hands.....»»
GM is ending production of the Chevy Bolt EV and EUV at the end of 2023
One of the best affordable electric vehicles is about to see its end. As reported by The Verge, General Motors has announced that it is … The post GM is ending production of the Chevy Bolt EV and EUV at the end of 2023 appeared first on BGR......»»
GM raises 2023 guidance, adding Samsung SDI as battery partner
General Motors is expecting a strong 2023. It raised its whole-year guidance on April 25 after finishing the first quarter with US$3.8 billion of adjusted EBIT. In addition, the automaker said it will build its fourth battery plant in the US with Sam.....»»
The Lucid Gravity Electric SUV Just Hit A Major Milestone
Lucid Motors is following up on the Air's success with a new SUV called Gravity. The company has announced a major milestone on its way to market. Lucid Motors i.....»»
Scientists realize light-driven programmable colloidal self-assembly
Prof. Peng Chenhui's team from the School of Physics, University of Science and Technology of China (USTC), realized the collective transfer and reconfigurable self-assembly of colloidal particles by combining the light-driven molecular motors with l.....»»
End Near for Chevy Camaro — and Perhaps New Beginning
General Motors will end production on the current generation of the Chevrolet Camaro early next year. What’s next for the iconic muscle car? It’s not clear yet, but GM has hinted that the Camaro nameplate could return at some point. Ready for a N.....»»
AutoNation Q1 results: Declines in net income, revenue and vehicle sales
The auto retailing giant partially offset its declines with gains in new-vehicle and after-sales revenue......»»
Lithia cuts Driveway Finance Corp. income forecasts through 2025
Lithia Motors, in an updated forecast, expects its captive finance company, Driveway Finance Corp., to post a loss of $40 million in 2023......»»
Lithia"s Q1 net income drops 33 percent on lower gross profits per vehicle
Lithia Motors, which surpassed AutoNation Inc. in new vehicles sold in 2022 to take the No. 1 spot, said new- and used-vehicle sales were up in the first quarter, but average gross profits per retail unit for new and used vehicles fell......»»
Lordstown Motors resumes production, deliveries after February pause
Lordstown Motors said production and deliveries of its Endurance electric pick-up truck resumed this month after a pause in February to address quality issues......»»
U.S., General Motors settle alleged discrimination against non-US citizens
Under the terms of the agreement, the company will pay $365,000 in civil penalties to the United States. .....»»
Camera module component suppliers see weak demand for iPhone devices in 2Q23
Shipments of Apple's iPhones in the second quarter of this year will be disappointing and lower than seasonal norms, according to sources at voice coil motors (VCM) and other component suppliers for handset camera modules......»»
U.S. Supreme Court turns away GM bid to revive racketeering suit against Fiat Chrysler
The U.S. Supreme Court declined to hear a bid by General Motors to revive its racketeering lawsuit against Fiat Chrysler Automobiles , over bribery allegations involving the United Auto Workers union......»»
Former Toyota-GM exec Mark Hogan, longtime bridge between U.S. and Japan, dies
Mark Hogan helped lead General Motors, Toyota and supplier Magna over a career spanning more than four decades......»»