Carvana records Q2 net loss, notes returns from ADESA U.S. acquisition
Carvana Co. said Thursday it posted a net loss of $439 million in the quarter ending…
EV tax credit gets surgery, but there are complications
The extension of the electric vehicle tax credit in the energy and health care compromise reached…
Subaru Outback only vehicle to receive ‘good’ rating in latest round of IIHS side crash test
Only three out of seven vehicles earned “good” or “acceptable” ratings in the Insurance Institute for…
Lucid slashes 2022 production forecast after rough second quarter
Lucid Motors slashed its production forecast in half for the year to between 6,000 and 7,000…
Battery makers say methods, supply chains in flux
TRAVERSE CITY, Mich. — Two of North America’s biggest battery makers are looking to source more…
Automakers press Manchin for changes to EV tax credit proposal
WASHINGTON — Automakers want U.S. Sen. Joe Manchin to revisit his proposal to restructure the $7,500…
Stellantis unit sentenced in U.S. diesel emissions probe, must pay $300M
WASHINGTON — Stellantis’ U.S. unit, the former Fiat Chrysler Automobiles, was sentenced Monday after pleading guilty…
GM to penalize consumers who resell certain high-demand vehicles within 12 months
DETROIT — General Motors is asking dealers to help prevent customers from quickly flipping high-demand vehicles…
GM, Ford, Stellantis see profits despite challenges
The uncertainty of the global microchip shortage continued to eat away at many automakers’ profits in…
To sell more used vehicles online, groups create brands
Van Horn Automotive Group has had a digital retailing presence since before the pandemic began in…
Reynolds and Reynolds acquisition bolsters IT offerings
Retail technology giant Reynolds and Reynolds Co. on Friday acquired Proton Dealership IT, which offers dealerships…
Tool keeps shoppers on dealership website
Buckeye Honda has worked to overcome inventory shortages by creating an interactive research hub where online…
Rivian takes on the challenge for EV startups — service centers
SAN FRANCISCO — Rivian’s retro-futuristic R1T pickup remains scarce on the streets of the Bay Area,…
Former automotive group partner charged with murder for hire
A federal grand jury has indicted Erik Charles Maund, 47, a former partner at Maund Automotive…
Larry H. Miller stores push Asbury to record Q2 net income
Asbury Automotive Group Inc. generated record net income of $201.4 million during the second quarter, bolstered…
UAW president’s state of union speech dropped from convention agenda
DETROIT — In a break from tradition, UAW President Ray Curry will not deliver a state…
Senate deal includes EV tax credits sought by Tesla, Toyota
WASHINGTON — A breakthrough deal between U.S. Sens. Chuck Schumer and Joe Manchin includes the extension…
U.S. finalizes $102.1 million loan to Syrah Resources for Louisiana plant
WASHINGTON — The U.S. Energy Department said Wednesday it had closed a $102.1 million loan to…
Mini Concept Aceman hints at a beefy new EV crossover
Compact car maker Mini revealed an electric crossover concept on Tuesday as the automaker plots a…
Auto chip industry to reach $250 billion by 2040, KPMG says
The automotive semiconductor market will equal $250 billion by 2040, based on rapid development of electric…
AutoWeb to be acquired by conglomerate One Planet Group
Dealership marketing company AutoWeb Inc., after this spring revealing doubts about its ability to continue as…
GM’s battery joint venture expected to win $2.5 billion U.S. Energy Department loan
WASHINGTON — The U.S. Energy Department on Monday plans to announce it intends to loan a…
Future Product Pipeline: The definitive guide to upcoming vehicles
There’s no shortage of new and refreshed product in the works from automakers, including a bevy…
Nissan-Subaru dealer fosters inside talent with training
In a time when labor shortages are leaving many job openings unfilled, dealerships have had to…
Consensus-driven Blume will usher in new leadership era at Volkswagen
FRANKFURT — The appointment of Oliver Blume as the next boss of Volkswagen Group heralds a…
Herbert Diess, Volkswagen’s disruptor-in-chief, runs out of road
Herbert Diess took over at Volkswagen Groupfour years ago when the German automaker was in crisis,…
Auto supplier Yanfeng saves millions with resusable cardboard
Cardboard boxes are delivering more than parts to Yanfeng Automotive Interiors’ North American plants — they’re…
Gentex sees lower profits, higher sales in Q2
Automotive mirror supplier Gentex Corp. said Friday that ongoing component shortages and reduced light-vehicle production led…
Scout CEO Scott Keogh headed to uncharted territory
After decades spent working for others, Volkswagen Group of America CEO Scott Keogh this week was…
Elon Musk says Tesla prices are ’embarrassing’ due to supply issues and strong demand
After multiple price hikes that pushed Tesla’s bestselling Model Y above $65,000 for the base version,…