Triunity Automotive buys Pendragon JLR dealership
Triunity Automotive Group has purchased a Jaguar-Land Rover store in California from Pendragon, a public dealership group in the United Kingdom, that is selling its U.S. stores......»»
Average dealership profit falls again in 2023, report from Presidio and NCM Associates shows
The stark decrease in profit will also likely bring dealership valuations down......»»
AutoNation reportedly looking at Inchcape"s UK retail auto operations
AutoNation is reportedly exploring a bid to buy the U.K. operations of Inchcape, an automotive retail, distribution and services company with a presence in more than 40 markets globally......»»
TESLA: Q1 deliveries fall 8.5% to 386,810 as demand cools
Tesla produced 433,371 vehicles globally in the first quarter, the company said. In the U.S., Cox Automotive estimated deliveries at 166,734 in the January-March period, a 3.2 percent gain......»»
TESLA: Q1 deliveries fall 8.5% to 386,810 as demand cools and EV competition heats up
Tesla produced 433,371 vehicles globally in the first quarter, the company said. In the U.S., Cox Automotive estimated deliveries at 166,734 in the January-March period, a 3.2 percent gain......»»
Why this Toyota executive has zero interest in selling cars on Amazon
Toyota Motor North America executive Jack Hollis said during the Automotive Forum New York that his company will not work with Amazon like Hyundai is doing......»»
Toyota exec touts dealer-driven digital tools over Amazon option
Toyota Motor North America executive Jack Hollis said during the Automotive Forum New York that his company will not work with Amazon like Hyundai is doing......»»
Former NADA Chairman Jack Kain dies at 94
Former NADA chairman Jack Kain, 94, died Tuesday from complications with cancer, a family member confirmed to Automotive News......»»
CDK hopes to boost consumer experience through better software links
The longtime DMS provider said its Automotive Commerce Collab will work regardless of what software dealers use to operate their businesses......»»
Panasonic Energy to supply EV batteries to Mazda; Panasonic Automotive being sold to U.S. firm
Mazda and Panasonic Energy said they will later disclose details of the deal, which is for the supply of cylindrical lithium-ion batteries......»»
Auto industry"s share of global microchip capacity rises as EVs, software grow
The automotive industry surpassed the consumer and industrial sectors in 2023 to become the third-largest end market for semiconductors worldwide as demand for automotive-grade microchips continues to grow......»»
Ally Financial appoints new CEO
Michael Rhodes will be taking over Ally Financial Inc. as CEO effective April 29, replacing former CEO Jeffrey Brown, who stepped down at the end of January 2024 to take a role as president of Hendrick Automotive Group......»»
Hyundai didn"t coerce former dealership to build standalone Genesis facility, Wisc. jury says
Hyundai Motor America didn't wrongfully coerce or attempt to coerce one of its former dealerships to provide an exclusive facility for its Genesis franchise, a federal jury in Wisconsin has found......»»
Drama intensifies in Piston Group dispute over minority certification
As a bitter legal fight over the minority status of Piston Group, the country’s largest Black-owned automotive supplier, drags on, a national feud has flared up among the councils in charge of certification......»»
Piston Automotive wins $8.5M state grant for plant to supply GM in suburban Detroit
The project marks a return to former stomping grounds for company owner Vinnie Johnson, a two-time NBA champ nicknamed “the Microwave” during his Detroit Pistons heyday......»»
Survey: Dealerships lukewarm about EV service overall but see potential for increased retention, revenue
Nearly half of dealership executives and fixed ops leaders aren't overly enthused about integrating EV service into their shops. They're also not overwhelmingly positive about the overall future of EV service......»»
Credit unions plan to grow auto dealership relationships in 2024
Most credit unions expected to work more closely with car dealerships in 2024, and nearly all of them think such collaboration aids members, according to a Credit Union Leasing of America survey of that auto lending sector......»»
Ford, GM divert shipments as Baltimore bridge collapse upends supplies
“It’s too early to say what impact this incident will have on the auto business, but there will certainly be a disruption," said John Bozzella, CEO of the Alliance for Automotive Innovation......»»
Lawsuit: Toyota misled about savings from maintenance plan
A California woman has sued Toyota Motor Credit Corp. and Toyota, alleging one of the manufacturer's car dealers sold her a ToyotaCare Plus maintenance plan for 10 service visits — only to have another Toyota auto dealership service department igno.....»»
New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
Live chat at 1 p.m. EDT Wednesday with Hyundai Motor America CEO Randy Parker
Join us at 1 p.m. EDT Wednesday for an Automotive News live talk from the New York auto show with Hyundai Motor America CEO Randy Parker. Executive Editor Jamie Butters and Reporter Carly Schaffner, who covers Hyundai, Kia, Genesis, Honda, Acura.....»»