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......»»
Fox Motors buys Subaru, Buick-GMC dealerships in Detroit area
West Michigan's Fox Motors bolstered its Detroit area footprint with the acquisition of a Subaru dealership and a Buick-GMC store......»»
Fox Motors buys Subaru, Buick-GMC Detroit-area dealerships
West Michigan's Fox Motors bolstered its Detroit area footprint with the acquisition of a Subaru dealership and a Buick-GMC store......»»
Hyundai likely to buy GM factory in Maharashtra, India
Hyundai Motor Group announced on March 13 that it has signed a term sheet for the potential acquisition of Genral Motors (GM)'s plant in Maharashtra, India. The South Korean carmaker has just become the first OEM to install DC ultra-fast charging sta.....»»
Lear to expand seating plant for GM in Detroit
Lear started just-in-time seating operations there late last year, supplying General Motors Factory Zero on the Detroit-Hamtramck border......»»
Lamborghini says first plug-in hybrid will have 986-hp powertrain
The new supercar, code-named LB744 and packing a V-12 engine and three electric motors, will be capable of operating at times on electric power only, improving emissions......»»
Lordstown Motors founder cashed in before electric truck stalled
Lordstown Motors began the year with a big setback: An electrical issue was leading its debut model, the Endurance pickup, to lose propulsion while driving, forcing the company to stop production and deliveries. The manufacturer recalled 19 trucks th.....»»
Rebounding Mitsubishi Motors to invest more than $10 billion in electric vehicles, hybrids and EV batteries
Mitsubishi's new electrification plan calls for investing between $10.26 billion to $13.19 billion in r&d and facilities for electrification through March 31, 2026. It will partly fund the rollout of nine new electrified models, including battery-ele.....»»
China auto price war sees $13,000 cash back incentives on offer
A price war started by Elon Musk's Tesla Inc. has spread beyond electric cars to gasoline-fueled vehicles as the likes of Peugeot SA's Citroen, Mercedes-Benz Group AG and General Motors Co.'s Chevrolet seek to protect market share......»»
Lordstown Motors Q4 loss widens as higher costs, delivery delays weigh
The Q4 net loss stood at $102.3 million, compared with $81.2 million a year earlier. The results included an impairment charge of $36.5 million......»»
VW"s Scout Motors to make electric trucks and SUVs in South Carolina
Volkswagen Group has proceeded with its plan to revive the iconic American vehicle, the Scout. The company announced on March 3 that it had selected the State of South Carolina for construction an EV plant. Production is projected to start by the end.....»»
AutoNation"s acquisition of RepairSmith signals mobile service trend
Dealerships that begin offering mobile repair services to customers would also benefit from being able to handle fleet maintenance......»»
VW to build $2 billion Scout assembly plant in S.C.
The German automaker’s board of management said Friday that it would construct a $2 billion assembly plant in Blythewood, S.C., to build a battery-electric pickup and “rugged” SUVs for its nascent Scout Motors brand beginning in 2026......»»
VW unit Scout Motors" plant to be built in South Carolina, governor says
The plant, set to build electric-powered pickups and SUVs, will be Volkswagen Group’s second U.S. assembly factory. Production is expected to begin in 2026......»»
GM terminates some salaried workers
General Motors is eliminating a "small" but unspecified number of salaried and executive positions in what it says is a performance-related action......»»
Lucid, Nikola and Lordstown Motors miss EV goals by big margins
Lucid, Nikola and Lordstown, three EV startups that went public by merging with SPACS, all came up well short of their original goals for 2022......»»
Tata reportedly to raise fund for debt reduction and EV business
As a leader in India's emerging EV market, Tata Motors is reportedly looking to raise funds for the EV expansion as the carmaker is grappling with debt reduction in the automotive business......»»
Nikola"s Q4 losses widen to $222 million
Loss-making U.S. startups such as Nikola and Lordstown Motors have been battling costs associated with ramping up production as they seek to grab a share in the commercial vehicles market......»»
Electric-truck maker Lordstown pauses production, deliveries
Electric-truck maker Lordstown Motors said it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components......»»
Tata Motors in talks to raise $1B via stake sale in EV business, report says
Jaguar Land Rover owner Tata is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in its EV business, eyeing a valuation of about $10.5 billion, Reuters reported......»»
Uber taps Tata Motors to grow electric fleets in India
Uber and India-based Tata Motors announced a Memorandum of Understanding (MoU) on February 20. Tata will supply Uber with 25,000 EVs in India starting in this month, facilitating the ride-hailing service company's effort to electrify its global fleet.....»»