Penske Automotive Q1 net income falls 28%
Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»
CallRevu buys TotalCX, aims to dominate dealership calling tech
Private equity firm Serent Capital wants to grow CallRevu into a major player for retail automotive industry call monitoring analytics software......»»
Penske Automotive looks to sell some CarShop stores in UK, rebrand others
Penske Automotive Group is considering closing one CarShop store in the U.K......»»
Family Car Group to buy Moffitt Automotive
Family Car Group is set to buy Moffitt Automotive, which has Audi, Porsche, Mazda and Volkswagen dealerships in Louisiana......»»
Google wants to Streamline App Development for Android Auto
Google has announced a ton of new updates for Android across different categories, including automotive. The post Google wants to Streamline App Development for Android Auto appeared first on Phandroid. While day one of Google I/O was focu.....»»
Penske Truck Leasing to offer REE electric truck to fleet customers
REE's partnership with Penske Truck Leasing is a boon for the electric truck and chassis company at a time EV startup successes are rare......»»
Input from young and aspiring technicians wanted for survey
TechForce Foundation is soliciting feedback from new technicians and high school and post-secondary students enrolled in automotive training programs for its inaugural Techs Talk survey......»»
Volvo"s Q1 EV sales plunge: A momentary blip or a sign its 2030 plan is in jeopardy?
Volvo EV sales in the U.S. plummeted 65 percent in the first quarter. According to Cox Automotive estimates, it was the largest year-over-year percentage decline in the luxury segment......»»
Sonic Automotive aims to add 300 service technicians by year end
The groupso far this year has added about 40 technicians......»»
Subaru to team with Toyota on 3 new EV crossovers through 2026; net income soars
Subaru says it will lean on Toyota for next three all-electric crossovers and shift production of the best-selling Forester, including a new hybrid version, to the U.S. Meanwhile, annual net income nearly doubled to 385.1 billion yen ($2.55 billion)......»»
What will high vehicle prices and interest rates mean for the auto finance market in 2024?
Automotive News asked five auto finance experts to share their thoughts on these challenges and what affordability constraints might mean for the months ahead......»»
Top 5 stories of the week: Earnings from Rivian, Toyota and Nissan; GM"s fleet strategy
A quick look at the top automotive stories of the week as determined by reader interest......»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
New-vehicle inventory little changed at 2.86 million
New-vehicle inventories in the U.S. changed little in April, ending at 2.86 million vehicles, Cox Automotive said — safely under 3 million......»»
Group 1 Automotive"s Q1 acquisitions cost almost $700 million
The auto retailer also sold the Mike Smith Auto Complex in Beaumont, Texas, to Doggett Automotive Group in the first quarter......»»
New York City falls in new trailer for A Quiet Place: Day One
The alien invasion begins in A Quiet Place: Day One, and no one is getting out of New York City alive without some help and a lot of luck......»»
Used-vehicle wholesale prices down in April, Cox Automotive says
Customers appear to be holding out for more affordable used-vehicle prices and hoping for lower interest rates, Cox Automotive says......»»
Accounting change drives down Cars Commerce Q1 net income
Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»
The top 10% are the main beneficiaries of globalization, says study
The income of many people around the world has considerably increased due to the economic globalization of the last 50 years. However, these income gains are unevenly distributed. A study by Dr. Valentin Lang, junior professor of political economy at.....»»
Scenes from the Automotive News-Crain Currency event at F1 Miami Grand Prix
The event in Miami brought together industry insiders, private wealth management executives and car collectors......»»
Mitsubishi eyes U.S. market EV from Nissan as North America takes center stage
Mitsubishi CEO Takao Kato books record operating income and says North America has swapped places with Southeast Asia to become its earnings engine......»»