New Texas partnership buys Stellantis, GM and Kia dealerships
A veteran auto retail executive and Kia dealership general manager have bought three dealerships in Texas in a new partnership......»»
GM Financial net income down 11% in Q3
General Motors Financial saw net income fall by more than 10 percent year over year in Q3 2024 earnings as the GM captive finance company grew its financing income but spent more on interest......»»
F&I tip: Look at buyers with lower credit scores as an opportunity
Auto lenders and dealerships should not ignore car buyers with lower credit scores, Armando Hidalgo, director of servicing at SameDay Auto Finance, said in a panel discussion at the Auto Finance Summit this month in Las Vegas. With many of those c.....»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat; shares rise
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion. Shares rose 7.7 percent in morning trading. .....»»
GM is closing cold weather development center in Canada
After 50 years of research and development, General Motors is closing its Cold Weather Development Centre in Kapuskasing, Ont., saying the work done at the facility has become “redundant.”.....»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion......»»
After seeing hundreds of launches, SpaceX’s rocket catch was a new thrill
For a few moments, my viewing angle made it look like the rocket was coming right at me. BOCA CHICA BEACH, Texas—I've taken some time to process what happened on the mudflats of.....»»
Porsche updates 911 GT3, offers track-focused Weissach package
The upper end of the Porsche 911 lineup is getting an update — and a track-focused Weissach package. The 2025 Porsche 911 GT3 starts at $224,495 with shipping and arrives at dealerships next summer. A naturally aspirated 4.0-liter flat-six ma.....»»
When affiliated axle supplier Hino bailed, Toyota Texas jumped in
Toyota Motor Manufacturing Texas is quickly building a 500,000-square-foot axle plant near its front gate that will begin production in late 2026 after its axle supplier announced it was exiting the market......»»
For dealership AI adopters, success is mixed
Artificial intelligence has helped dealerships improve their back-office functions and service operations. Chatbots have been a mixed bag......»»
When axle supplier Hino bailed, Toyota Texas jumped in
Toyota Motor Manufacturing Texas is quickly building a 500,000-square-foot axle plant near its front gate that will begin production in late 2026 after its axle supplier announced it was exiting the market......»»
GM, Ford brace for investor scrutiny over Q3 pricing power, EV losses
GM is set to release its results for the July to September period on Oct. 22, while crosstown rival Ford will report on Oct. 28......»»
For dealerships, AI remains a work in progress
Artificial intelligence has helped dealerships improve their back-office functions and service operations. Chatbots have been a mixed bag......»»
Researchers to explore light and ultrasound therapy for melanoma treatment in pigs
Texas A&M University researchers are collaborating on a new project that studies how ultrasound and light can treat melanomas in pigs......»»
As Fiat stalls as part of Stellantis, Italy"s Turin struggles to stave off decline
Turin's Mirafiori plant — once the symbol of Fiat's might, employing about 60,000 — has shriveled to a shadow of its former self under Stellantis ownership......»»
Stellantis lays off 1,100 at Michigan plant, will close Arizona proving grounds
Stellantis warned in August that as many as 2,450 workers at the Warren Truck plant would be laid off, but the actual number is less than half as many......»»
Top 5 stories of the week: Stellantis walks back work-from-home push; GM eyes virtual vehicle development
A quick look at the top automotive stories of the week as determined by reader interest......»»
Elon Musk changes X terms to steer lawsuits to his favorite Texas court
X terms specify Northern District, where Judge Reed O'Connor is a Tesla investor. Elon Musk's X updated its terms of service to steer user lawsuits to US District Court for the No.....»»
Stellantis dealers regain optimism after executive shake-up
Stellantis' dealer council met with new North America COO Antonio Filosa this week after criticizing the company's leadership over stagnant sales and bloated inventory......»»
How GM is using AI to catch quality problems
An automated tool runs software simulations around the clock to spot glitches before the code is integrated into a vehicle......»»
Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output
Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output.....»»