Toyota, Mitsubishi, Infiniti, Ford car dealerships sell
Two of the transactions involved first-time dealership owners and another saw a company add two stores......»»
Toyota"s massive $13.9B battery complex prepping to start production next year to power hybrids, EVs
Toyota's largest-ever investment in N.A. manufacturing is taking shape in rural N.C.; will ultimately provide batteries for locally built EVs, hybrids and PHEVs......»»
Toyota dealer adds $2 million satellite for new battery plant workers
Toyota of Greensboro will open a new $2 million delivery and service center exclusively for 5,100 new employees of automaker's new N.C. battery plant......»»
Sell Lab-Grown Meat in Alabama and You Could Go to Jail
Anyone found guilty of selling or manufacturing cultivated meat in Alabama will face up to a three-month jail sentence and $500 fine......»»
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......»»
Column: Why does Wall St. value Tesla 40% higher than Toyota?
Both face headwinds, but Toyota earned twice as much as Tesla in the most recent fiscal year......»»
NHTSA probes 200,000 Ford Super Duty trucks for risk of fire
NHTSA said it received 27 complaints alleging diesel fuel leaks due to a "fracture in the secondary fuel filter housing." The proximity of the secondary fuel filter to high heat sources could result in fire, NHTSA said......»»
Ford hires former Lucid exec Sherry House as incoming CFO
Ford is promoting CFO John Lawler to vice chair, focusing on strategic development, global partnerships and engagement with global leaders......»»
First Black female Lexus dealer Ellenae Henry-Fairhurst dies
Henry-Fairhurst made her landmark purchase of an Infiniti dealership in 1999......»»
GM logistics supplier Proficient Auto raises $215 million in IPO
The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides services to GM, Stellantis, Toyota and other automakers......»»
Nearly 25% of Ford F-150s built are now hybrids, CEO says
The F-150 is a key pillar of Ford's hybrid strategy, which is gaining importance amid slower-than-expected demand for EVs......»»
U.S. agency raises safety concerns on Ford crossover fuel leak recall
The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy and safety consequences of Ford's proposed recall remedy for 2022-2023 model year Bronco Sport and 2022 Ford Escape SUVs with 1.5L engines......»»
Ford rethinks 2030 goal to go all-electric in Europe
Ford could continue to sell combustion engine cars in Europe after 2030. Originally the automaker planned to sell only battery-electric cars in the region by the end of the decade......»»
5 key takeaways from Toyota"s record earnings report
Under first-year CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference......»»
Ford design boss Anthony Lo leaves for "other opportunities"
Anthony Lo made the decision to leave the automaker himself, Ford said, without saying where he is moving to......»»
Fiat 500e messaging with Spike Lee goes beyond sustainability
To help sell Americans on its tiny 500e EV, Fiat is using director Spike Lee and actor Giancarlo Esposito to promote the car's Italian heritage......»»
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......»»
Canada"s Steve Marshall Group enters U.S. via Hawaii, buys Ford dealerships
The second-quarter acquisition marks the British Columbia group's first dealerships in the U.S......»»
Stella Automotive AI raises VC from Reynolds and Reynolds, dealerships
Stella, which makes automotive artificial intelligence technology for dealerships, secured $19.7 million......»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»