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......»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others......»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
An inside look at General Motors’ massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of l.....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024
Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»
CFO: AutoNation Finance should break even by 2025
AutoNation CFO Thomas Szlosek said that AutoNation Finance is making steady progress as the division continues shift to company customers......»»
AutoNation Finance should break even by 2025: CFO
AutoNation CFO Thomas Szlosek said that AutoNation Finance is making steady progress as the division continues shift to company customers......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
More efficient molecular motor widens potential applications
Light-driven molecular motors were first developed nearly 25 years ago at the University of Groningen, the Netherlands. This resulted in a shared Nobel Prize for Chemistry for Professor Ben Feringa in 2016. However, making these motors do actual work.....»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»
Mercedes’ electric G-Wagon is more capable than the gas version
With four motors, deeper fording, and more power, you can forget about the gas version. Enlarge / Electric power has not robbed the G-Wagon of its off-road skills. If anything, it has enhanced them. (credit: Mercedes-Benz).....»»
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter......»»
Mercedes explores electric frontier with G-Wagen off-roader
The G 580 retains the iconic boxy ladder frame design but ditches a combustion engine for a quartet of electric motors and a hefty 116-kilowatt-hour battery......»»
Dealers raise concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles......»»
Dealer association ad voices concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles but to no avail......»»
GM leaves silos behind in HQ move
General Motors in 2025 will leave the towering but isolated Renaissance Center complex for smaller space in a newly constructed building......»»