NADA: FTC proposal on car dealers ‘severely flawed," should be withdrawn
The comments from the NADA were among thousands received by the FTC on its proposal to curtail bait-and-switch auto dealership price advertising, misleading F&I practices and F&I vehicle protection products......»»
Redwood Materials launches battery pricing tool
The online portal is similar to tools dismantlers employ for catalytic converters and platforms dealers employ to price used vehicles......»»
Here’s how car dealers will pass on the $7,500 EV tax credit next year
The credit will be transferable as long as it's applied to the car's purchase price. Enlarge (credit: Getty Images) The beginning of this year saw a big change to the federal tax incentives applied to electric vehicles,.....»»
Lithia Motors looks closer to Pendragon acquisition
Lithia Motors' increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer's preliminary proposal, one analyst said......»»
Lexus fills ‘big hole" in lineup with Texas-size TX crossover
Dealers have begun receiving their first Lexus TX large crossovers built in Indiana that are intended to keep younger buyers in the luxury brand as their families grow......»»
Dealers to be reimbursed for EV credit transfers within 3 days, Treasury says
The reimbursement time frame was part of a handful of new guidance issued Friday by the Treasury and IRS to provide dealers with additional information on registration requirements and how the mechanics of the credit transfer will work......»»
New research shows plants could worsen air pollution on a warming planet
It's a simple question that sounds a little like a modest proposal: "Should we cut down all the oak trees?" asks Tom Sharkey, a University Distinguished Professor in the Plant Resilience Institute at Michigan State University......»»
Senators introduce bipartisan bill directing FTC to redo auto dealership regs
A new bill from Sens. Jerry Moran, R-Kan., and Joe Manchin, D-W.Va., would direct the FTC to "redo" the proposal by requiring the agency to issue an advanced notice of proposed rule-making for public input — a regulatory step the lawmakers say was.....»»
Nissan offers low-cost Ariya EV lease to dealer employees
Nissan dealers, some of whom find it challenging to sell pricey electric vehicles, view the employee lease program as a way to shrink their Ariya stockpile and build enthusiasm for the crossover......»»
Meta proposing ad-free Facebook and Instagram plans for up to $17/month
TikTok may be going ad-free for five bucks a month, but you’ll have to pay a bit more for a similar experience on Meta’s platforms. A new report details Meta’s proposal to offer a version of Facebook and Instagram with no ads that would cost ne.....»»
Ford gives UAW "costly" new offer with more than 20% raises
Ford said it was offering to increase temporary workers' pay 26 percent to $21 an hour, versus $20 in the last publicly known proposal, and raise most full-time workers' pay by "more than" the 20 percent over four years it previously offered......»»
GM, Stellantis face $9.5 billion in U.S. fuel economy fines, according to industry letter
The proposal by President Joe Biden's administration to hike fuel economy standards through 2032 would cost General Motors $6.5 billion in fines and Stellantis $3 billion, according to a letter from the American Automotive Policy Council......»»
Researchers: Forensic science method for firearm identification is flawed
Like fingerprints, a firearm's discarded shell casings have unique markings. This allows forensic experts to compare casings from a crime scene with those from a suspect's gun. Finding and reporting a mismatch can help free the innocent, just as a ma.....»»
Automaker group warns NHTSA"s fuel economy proposal could threaten EV transition
The Alliance for Automotive Innovation argues NHTSA's fuel economy standards, if finalized as proposed, could threaten the auto industry's transition to electric vehicles......»»
Boon or burden? Automakers" use of right of first refusal in dealership buy-sells aids some, hinders others
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dea.....»»
New report adds heat to "Leveling Up" debate by revealing England"s most "insecure" regions
Accessing stable employment with fair pay and predictable hours is harder for workers in the North and Midlands, which can severely affect their living standards, health, and future job prospects......»»
Grenadier SUV will be available in November at 18 U.S. dealers
The Grenadier, a rugged, boxy BMW-powered four-door off-road vehicle made in France by Ineos Automotive, will arrive at the company's 18 U.S. dealers in about 8 weeks......»»
Dealers fear Cash for Clunkers scenario as EV credit transfer nears
Starting in 2024, eligible EV buyers will be able to transfer federal tax credits to dealers and use those funds as a down payment. Dealers, anxiously awaiting details on the process, are worried about a Cash for Clunkers scenario that could leave th.....»»
Dealers alert to strike impact on showroom, service
Dealers said new-car inventory remains mostly stable in the second week of the UAW strike. But some are readying for a wider range of vehicles to become unavailable if the strike persists and expands to other assembly plants......»»
Dealers brace for impact from UAW strike at parts distribution centers
The UAW has expanded its strike to GM and Stellantis parts distribution centers, which will likely impact vehicle repair times at dealerships nationwide......»»
Independent reviewers find NASA Mars Sample Return plans are seriously flawed
"MSR was established with unrealistic budget and schedule expectations from the beginning." Enlarge / The fate of a mission to return samples from Mars hangs in the balance. (credit: NASA) An independent review of NASA's.....»»