Tenneco reports lower Q1 earnings as it prepares for sale
Ride-control and diversified aftermarket parts supplier Tenneco Inc. reported decreases in revenue and net income in…
Ford, Nissan dealerships sell in four states
Three Ford dealerships and a Nissan dealership traded hands in single-store, first- and second-quarter transactions. Here’s…
EV chargers emerge as targets for hackers
As electric vehicle sales pick up steam worldwide, EV charging stations are emerging as an enticing…
Magna launches new advanced driver-assistance functions on 2022 Toyota Tundra amid tech push
Magna International Inc. said it launched new advanced driver-assistance functions on the 2022 Toyota Tundra pickup,…
How Uber topped Lyft in Q1 earnings performance
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company…
Penske nabs Hyundai-Genesis location near Indianapolis; Lithia adds Ontario store
Publicly traded retailers Penske Automotive Group Inc. and Lithia Motors Inc. each announced single-store acquisition deals…
GMC adds high-end Denali Ultimate trim to 2023 Yukon
DETROIT — The 2023 GMC Yukon will be the brand’s second nameplate to get the ultra-high-end…
Elon Musk negotiating with potential partners, investors on Twitter deal, report says
Elon Musk is in talks with large investment firms and high net-worth individuals about taking on…
Toyota is running out of EV tax credits
Toyota Motor Corp. is inching closer to using up a key U.S. tax credit for hybrid…
U.S. public auto dealers: Low inventory will linger
Supply chain bottlenecks continue to constrain inventories at the nation’s public dealership groups, all of which…
Mitsubishi to U.S. employees: Work from home forever
Mitsubishi Motors North America is taking a page from Silicon Valley in the war for talent….
A look at 5 common car parts set for makeovers in the EV era
Much is made of the vehicle parts that will be lost in the transition to electric…
Colorado car dealer group opens EV, hybrid outlet and sees sales boost
Leaders at Colorado’s Phil Long Dealerships have seen consumer interest in electric vehicles grow and know…
Why Honda, Acura dealer showrooms may shrink
American Honda Motor Co. is reassessing how much brick-and-mortar space its dealers will really need in…
Magna Q1 earnings: Net income fell 41% amid microchip, inflation, war disruption
Magna International Inc.‘s first-quarter net income fell 41 percent from a year earlier as the microchip…
Asbury raises 2025 revenue target to $32B, up from $20B
Asbury Automotive Group Inc. now seeks to produce $32 billion in revenue by 2025 — including…
Volkswagen questioned by U.S. senator over human rights issues linked to China suppliers
U.S. Sen. Marco Rubio is seeking information from Volkswagen Group about a pair of planned joint…
Musk beats claims by investors that SolarCity deal was improper
Tesla Inc. co-founder Elon Musk won’t have to hand over as much as $13 billion in…
Penske Automotive delivers most profitable quarter in company history
Penske Automotive Group Inc.‘s first-quarter net income more than doubled, generating the retailer’s most profitable quarter ever,…
U.S. saw record number of automotive recall campaigns in 2021, but fewer vehicles affected
The U.S. saw a record number of light-vehicle recall campaigns in 2021, but a smaller number…
Fisker CEO hopes partner Magna triples SUV output in 2023 to meet demand
Electric-vehicle maker Fisker Inc. hopes Canadian supply giant and contract assembler Magna International Inc. can boost…
Toyota faces renewed criticism after resuming donations to some Biden election objectors
WASHINGTON — Toyota Motor Corp. is once again being targeted by a political action committee after…
GM to launch Corvette EV
General Motors will launch electrified versions of the Chevrolet Corvette sports car starting next year, GM…
Honda: 800,000 EVs built in North America by 2030
TOKYO — Honda Motor Co., in the midst of a massive corporate makeover, is planning a…
Car dealers got creative and efficient in face of low stock, NADA says
Supply constraints sent dealerships’ new-vehicle inventory levels plunging last year, and while 2022 could bring a…
BMW may look to Mexico for some X-relief
Surging demand for light trucks could have BMW expanding production south of the border. BMW is…
Shift, job tweaks benefit staff, customers
Early last year, a sales employee at Delray Buick-GMC in Florida submitted a two-week notice of…
Texas sues Vroom for alleged title delays, vehicle misrepresentation
The Texas attorney general’s office is suing Vroom, an online used-vehicle retailer, for allegedly misrepresenting and…
Lexus TX will give dealers the 3-row they’ve been wanting
Lexus plans a larger three-row crossover above the top-selling RX that will give it a competitor…
Honda to cut output at Japan assembly plants as chip shortage grinds on
TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines…