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 knocks AutoNation out of No. 1 sales ranking
Lithia Motors outsold rival AutoNation by more than 40,000 new vehicles in 2022......»»
AutoNation developing 20 more used-only stores; net income slips 26%
AutoNation said it has 20 additional AutoNation USA used-vehicle-only stores under development, with at least half that number slated to open in the next 12 months......»»
AutoNation Q4 net income slips 26% while revenue rises 1.7%
AutoNation's new-vehicle retail sales increased 4.3 percent in the quarter compared with the year-earlier period, but used-vehicle retail sales dropped 9.2 percent......»»
AutoNation in talks with Renault for Alpine sports car sales in U.S.
The French carmaker is also pursuing other options for Alpine to move into North America, CEO Luca de Meo said......»»
Lithia Motors" Q4 net income falls as quarterly, full-year revenues climb
The dealership group's revenue and vehicle sales increased for both the quarter and full-year 2022 as it continued to add stores through acquisitions......»»
US car vendors step up EV battery deployment
The US Inflation Reduction Act (IRA) is spurring the three major US automakers -- General Motors (GM), Ford and Stellantis -- to accelerate their developments for lithium batteries to meet the arrival of explosive growth for the electric vehicle (EV).....»»
Magna expands EV battery enclosure business by supplying another GM model
Automotive suppliers are shifting their business focus to adapt to the changing market. Magna International announced on Monday that it has secured new businesses from General Motors to make battery enclosures. The tier-1 supplier has been expanding.....»»
GF, GM strike long-term direct supply agreement
General Motors (GM) and GlobalFoundries (GF) have jointly announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM's chip supply. Through this first-of-its-kind agreement, GF will manufacture for GM's k.....»»
GM"s Barra leads 2023 Automotive Hall of Fame class of inductees
General Motors CEO Mary Barra will smash another glass ceiling in July when she is inducted into the Automotive Hall of Fame — the first female CEO of an automaker to earn the honor......»»
Lithia Motors sells Detroit-area dealership, expands in Canada
Lithia Motors' activity on both sides of the dealership buy-sell market continued with a fourth-quarter store sale and a February acquisition......»»
General Motors competes for stake in Vale"s base metals unit
GM competing for a stake in Vale's base metals unit underscores the automaker's desire for easy access to EV battery materials......»»
GM reports US$14.5 billion 2022 pretax profit, seeing China income decline
General Motors saw its 2022 wholesale volume grow about 25% from last year, bringing the automaker a record EBIT-adjusted US$14.5 billion. It plans to invest US$650 million in the largest lithium project in the US to secure battery materials supply......»»
GM Financial profit slips in Q4 as interest rates rise
General Motors' captive lender said it experienced the effects of lower net leased vehicle income and higher interest costs......»»
Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal
Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer......»»
General Motors is investigating small EV “party” trucks
An electric competitor to the Ford Maverick might just happen. Enlarge (credit: Aurich Lawson | Getty Images) General Motors provided flights from San Francisco to Detroit and back, plus a night in a hotel, so we could.....»»
The Polestar 2 gets new electric motors in mid-life refresh
Cosmetic changes include a new front, and the single-motor car is now rear-driven. Enlarge / Polestar has given the Polestar 2 a new nose treatment for model-year 2024. (credit: Polestar) The current electric vehicle ren.....»»
Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals
Dealer Terry Taylor added a dealership to his portfolio, a former Lithia Motors general manager bought his first store and other dealers expanded their store holdings in third-quarter and fourth-quarter transactions in 2022......»»
Lucid faces price pressure from Tesla, slowing economy
Lucid Motors is rolling out a less expensive trim of its Air sedan and removing content from higher trims to reduce prices......»»
Powerup 4.0 Paper Airplane Review: Level up your hobby plane
The Powerup 4.0 is a versatile Bluetooth-controlled motor and propeller combination that can bring any DIY paper airplane to the next level.Powered by twin motors and controlled through smartphone via Bluetooth, Powerup 4.0 can attach itself to paper.....»»
Sparks will fly in electric-car trade war: Lionel Laurent
Will Ferrell's 2021 Super Bowl ad for General Motors Co. makes bleak viewing today. The actor's comic fury at being "out-EV'd" by Norway hit at a truth that was a point of pride for Europe: When it comes to electric-vehicle sales, the US has been a l.....»»