LMP Automotive closes on first franchised dealerships
LMP Automotive Holdings Inc. has purchased its first five franchised dealerships — two Kia stores in Florida, and Kia, Buick-GMC and Chevrolet stores in West Virginia. The company, which went public in December 2019, has aspirations to roll up doze.....»»
Asbury Automotive says 10 dealerships are up for sale
Asbury Automotive Group said it entered Q2 with $243 million in assets for sale — including 10 dealerships — after selling a Jim Koons Lexus site in Delaware to MileOne Autogroup in March......»»
Standardized power management could extend EV battery range
The automotive industry is being pushed to establish a standard to manage the power flow to electronic control units that govern different parts of the vehicle depending on the context......»»
Know a rising star? Let us know
Automotive News' 11th annual search is underway for Rising Stars at automakers, suppliers, mobility companies and service providers......»»
Top 5 stories of the week: GM, Ford and Tesla earnings; lowest-cost EVs
A quick look at the week's top automotive stories.....»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Ram adds to off-road lineup with RHO
The 540-hp pickup, scheduled to reach dealerships in the third quarter, adds to the brand's long lineage of speedy trucks......»»
No more refunds after 100 hours: Steam closes Early Access playtime loophole
It's largely a win against scammers, but a simple policy doesn't fit all games. Enlarge (credit: Getty Images) "Early Access" was once a novel, quirky thing, giving a select set of Steam PC games a way to involve enthusi.....»»
Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»
VinFast adds 12 U.S. dealerships, including 5 in Florida and 4 in Texas
The Vietnamese automaker says it now has 18 stores across seven states. The new locations will start selling the VF 8 crossover and later receive the bigger VF 9 and smaller VF 7 models......»»
Column: Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»
Tesla Cybertruck is loaded with advanced technology, says teardown expert Sandy Munro
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»
Here are the 5 least expensive EVs in the first quarter
Each of the five least expensive EVs is less than $41,000 with automaker and dealer incentives, according to Cox Automotive data......»»
Top 5 stories of the week: Stellantis clashes with suppliers; GM"s headquarters move
A quick glance at the top automotive stories of the week......»»
Whistleblower reveals 2023 CareGard cyberattack, says F&I company concealed it from partners
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Former AFG exec reveals 2023 CareGard data breach, criticizes company"s response
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Novel material supercharges innovation in electrostatic energy storage
Electrostatic capacitors play a crucial role in modern electronics. They enable ultrafast charging and discharging, providing energy storage and power for devices ranging from smartphones, laptops and routers to medical devices, automotive electronic.....»»
5-figure EV discounts emerge amid bloated inventories
Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive......»»