Ram set to kill ProMaster City van

Ram joins Ford, Chevrolet and Nissan in killing their small vans as they focus on adding larger battery-powered delivery vehicles instead.

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Dealership marketing company AutoWeb completes sale to One Planet Group

AutoWeb, which provides consumer leads to auto dealerships, no longer will be publicly traded and will operate as a standalone business.

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BMW begins making fuel cell systems

BMW has started producing fuel-cell systems for its hydrogen-powered iX5 crossover, moving forward with a climate-friendly alternative fuel.

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VW Group to trim executive board, report says

Procurement boss Murat Aksel and sales chief Hildegard Wortmann are expected to lose their board seats under a reshuffle planned by VW Group's new CEO, Oliver Blume.

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GM offers a tiny convertible electric car in China

For a chance to get behind the wheel of a Cabrio, consumers will have to enter a lottery, with winners to be announced later in September. The car is made by made by SAIC-GM-Wuling Automobile Co.

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Subaru preparing AI-based next-generation EyeSight driver assist systems from 2025

The technology will build upon Subaru’s stereo camera system and use artificial intelligence to improve computer recognition in hard-to-see situations, such as when road lane markers are covered in snow.

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Former Chrysler sales exec Tom Pappert dies at 82

Tom Pappert, who was head of sales for the former Chrysler Corp. during two tumultuous decades, died Monday at the age of 82.

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CADIA accepting nominations for 2nd annual automotive DE&I awards

The deadline to submit nominations for the awards is Sept. 19.

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Toyota output shrinks for fourth month on shortages, China

Toyota said domestic production fell in July, outweighing record overseas production that was driven by a strong recovery in Europe, China and the rest of Asia.

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Customer shot by employee at Ohio Hyundai dealership

Police said the customer was found with a gunshot wound to the upper leg in the parking lot of Hyundai of Bedford in Ohio.

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Tesla seeks to overturn Louisiana ban on direct car sales

The case is the latest battle to reverse direct sales bans in some states against Tesla, which bypassed traditional car dealerships.

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Toyota output shrinks for fourth month on shortages, China

Toyota said domestic production fell in July, outweighing record overseas production that was driven by a strong recovery in Europe, China and the rest of Asia.

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Tesla sued in Calif. over alleged phantom braking defect

The lawsuit, which seeks class-action status, adds to growing public and regulatory scrutiny of Tesla's driver assistant technology, despite Tesla CEO Elon Musk promising full self-driving by this year-end.

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Tesla violated labor law by restricting union shirts, NLRB rules

Former Tesla employees testified that managers told them to remove t-shirts supporting the UAW,  even though their co-workers wore shirts supporting sports teams without incident.

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Toyota to build basketball stadium for Toyota Alvark Tokyo

The stadium, to seat 10,000 fans when it opens in 2025, will be the new home court for the Toyota Alvark Tokyo, a professional Japan league team backed by the world's biggest automaker.

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Musk says he wants to get Tesla's self-driving tech in wide release by year-end

Elon Musk hopes Tesla’s self-driving technology could be in wide release in the U.S. by the end of the year, and possibly also in Europe, depending on regulatory approval.

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Honda, LG Energy to invest $4.4B in U.S. battery plant for EVs

Honda and LG Energy Solution will build lithium ion batteries in the U.S. for Honda and Acura brand EVs at a new plant that is slated to begin production in 2025. The location wasn't disclosed.

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Ford future product: Build on EV momentum

Ford's strategy to electrify its iconic vehicles by modifying their internal-combustion platforms instead of waiting for a dedicated battery-electric architecture seems to have paid off.

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Next step for Lithia: the United Kingdom?

Lithia Motors has made it no secret that the United Kingdom is on its list of potential areas for expansion. But a recent report shows that the fast-growing retailer was close to entering the U.K. market sooner than previously indicated.

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Hino emissions misconduct rattles Toyota partnership

Truck maker Hino's new emissions scandal has some observers wondering about its future with Toyota.

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The latest numbers on the microchip shortage: More cuts amid re-sourcing push

The chip shortage continues to hammer away at global vehicle production as automakers await additional semiconductor manufacturing capacity to come online.

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Volvo down to business with autonomous trucking plans

ONTARIO, Calif. — Peter Voorhoeve remembers talking at a conference in Singapore five years ago about the potential self-driving trucks held for the freight industry and wondering if any of it would come true during his career or even lifetime.

Now head of Volvo Trucks North America, Voorhoeve, 57, is part of the global leadership team helping to guide the company through rapid technology advancements. Volvo has grabbed an early U.S. lead in heavy-duty electric trucks with 56 registrations for its Class 8 VNR Electric tractor. It has sales agreements that add up to 330 more VNR Electrics in addition to the vehicles in operation.

And it is pushing into autonomous trucking. With Aurora Innovation as the driving system supplier, Volvo has an initial deal to begin hauling freight with its Class 8 VNL autonomous truck prototype for DHL in Texas. For now, a safety driver will be in the cab. At some point, Volvo and Aurora plan to pull the human monitor and gain the cost-saving potential Voorhoeve discussed in Singapore.

Voorhoeve sat down here with News Editor Jerry Hirsch near where Volvo's electric trucks are operating, hauling goods from the ports of Los Angeles and Long Beach to inland distribution centers, to discuss the progress of self-driving trucks and Volvo's electric vehicles. Here are edited excerpts.

Q: How have your views changed on the rollout of autonomous trucks?

A: Five years ago, I would say you were not going to see it happen in my lifetime. Now I say that absolutely this will happen. When? It is going to happen in the second part of this decade and earlier in the second part rather than later.

How will it work? Will we see self-driving trucks going through the city every day?

We see autonomous solutions in very specific segments. It will be hub to hub and on the highway. You will choose a specific hub at one end and another at the other. It will be highly repetitive. They won't be crisscrossing Texas in every direction. You can't tell the truck to go here today and there tomorrow. This will work in specific, repetitive applications. It will be on specific legs and also on the legs that make sense — the ones where you can get the productivity increases.

What about the human drivers?

Obviously, when you don't have a driver on the truck, that has an impact on the cost of operation. The leg in the middle is the least of the problem. You need to make sure the truck brakes and reacts and can get in and out of the hub. That is autonomous. It is just selective, specific segments where we see this happening. But you need a driver to load or unload and drive elsewhere.

How do you commercialize autonomous trucks?

When we go to market, Volvo will have the commercial relationship. Aurora is our development partner, but it is a Volvo service and a Volvo product that will be sold. It will be sold as autonomous transport as a service. While Volvo will hold the commercial relationship, how we do that and work with dealers will always comply with the law because there are all sorts of regulations with wholesalers, dealers, etc.

How fast do you see this transition for the trucks you are selling?

Our target is clear. By 2030, 50 percent of our Volvo truck offerings will be zero-emission and fossil-fuel free. That's not so far away. And then, by 2040, we will be completely zero emission for the truck group.

How did you take the lead with electric semi-tractors in the U.S.?

It was our decision to go to the market earlier and with a truck with a little bit more limited range. People asked, "What can you do with a truck that just has a 150-mile range?" One of my favorite statistics is that 30 to 40 percent of all Class 8 trucks in North America drive less than 200 miles a day. Electrification ultimately is about helping disadvantaged areas. You want to improve the air quality and the quality of life around the Port of Long Beach and the Port of Los Angeles, and parts of New York. By starting early, we will directly and immediately impact the quality of life of these highly urbanized areas. And then the rest will come. The VNR Electric already has a range of up to 275 miles now.

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Lucid takes on Tesla, Mercedes, BMW with Sapphire performance subbrand

Lucid is highlighting its tech innovation with the Lucid Air Sapphire. But at $249,000, the brand is moving further out of the EV mainstream.

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Elon Musk seeks feedback — unless it's negative

Tesla's CEO scolded a customer who posted videos showing that a new version of the Full Self-Driving system struggles with right turns and other basic tasks.

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Biden drives his 1967 Corvette for upcoming episode of 'Jay Leno's Garage'

President Biden said he also had another opportunity to drive a Ford F-150 Lightning, the electric version of the company’s top-selling pickup truck.

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Lucid to launch Sapphire performance subbrand

Lucid is highlighting its tech innovation with the Lucid Air Sapphire. But at $249,000, the brand is moving further out of the EV mainstream.

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Honda's Gardner: EV credit rules will slow adoption

American Honda's Dave Gardner says the new U.S. tax credit requirements will hurt EV adoption as automakers hustle to convert their sales.

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Musk seeks feedback — unless it's negative

Tesla's CEO scolded a customer who posted videos showing that a new version of the Full Self-Driving system struggles with right turns and other basic tasks.

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NTSB chair ‘concerned' over NHTSA chief's exit

Jennifer Homendy says the NHTSA needs a leader to move forward on priorities that could improve vehicle safety and help address record-high traffic fatalities in the U.S.

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Nissan Motor Co. will ax the Rogue Sport crossover

Sales of the Rogue Sport crossover will halt early next year as Nissan focuses on higher-volume models.

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GM idling Corvette production next week in Bowling Green

General Motors' is idling production at two plants next week: The main plant in Mexico that makes GMC and Chevrolet pick-up trucks as well as the Corvette plant in Bowling Green, Kentucky. Both plants are halting production over supply chain and parts issues, the company said Friday.

The U.S. carmaker will suspend work beginning Aug. 29 and aims to restart Sept. 5, it added.

Production at GM's other three full-size truck plants in North America is not impacted. The automaker's Flint, Michigan, truck assembly plant will be operating extra shifts this weekend.

"General Motors is working actively with its base of suppliers to resolve issues as they arise to meet customer demand," GM said in a statement.

It added that North America production has been "relatively stable" since the third quarter of last year, but supply chain interruptions have continued.

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Ford prepares to unveil what's likely the last gas-powered Mustang

The seventh-generation 2024 Ford Mustang will debut within weeks as Ford reinvents itself by slashing jobs and reorganizing its work force to prepare for a battery-powered future.

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Porsche arranges IPO demand at up to $85B valuation, report says

Porsche has secured pre-orders for the floatation in the first week of September that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), Bloomberg reported.

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Warren Buffett bullish on driverless trucks after purchasing stake in Kodiak Robotics

Pilot Co., which operates Pilot and Flying J travel centers and is owned by Berkshire Hathaway, agreed on Tuesday to take a stake in Kodiak Robotics Inc., a driverless truck startup.

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Stellantis, Buick-GMC, Volkswagen, Hyundai dealerships acquired in Q3, Q2 deals

Stellantis, Buick-GMC, Volkswagen and Hyundai dealerships traded hands in single-store transactions in the third quarter and second quarter. The dealerships are spread across four states.

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Latest technology is double-edged sword for automakers, J.D. Power says

While new tech features often cause consumer complaints, a J.D. Power study found that properly executed innovations provide a positive experience and increase value.

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Audi joining F1 racing with car running on synthetic fuel

Audi will build an F1 powertrain at a new facility in Germany and will decide on which team to partner with by the end of the year.

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Mercedes begins rolling out U.S.-made EVs

Mercedes' Vance factory could pump out more than , or about a third of its annual capacity of 305,000.

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Under new CEO, Group 1 to continue focus on growth, technology

Daryl Kenningham, now Group 1's COO, will succeed retiring CEO Earl Hesterberg in January and said the public auto retailer will pursue growth through acquisitions.

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New Apple CarPlay sets up dashboard showdown with automakers

Automakers remain tight-lipped on how they'll integrate the latest version of Apple CarPlay, which goes beyond its roots projecting some popular iPhone apps.

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Mercedes EV production launches in Alabama

The German luxury automaker begins production of its first U.S.-made electric crossover — a battery-powered version of its top-of-the-line GLS SUV.

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Mercedes EV production launches in Alabama

The German luxury automaker begins production of its first U.S.-made electric crossover — a battery-powered version of its top-of-the-line GLS SUV.

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Experian: 62% of borrowers opted for used cars in Q2

Experian said second-quarter used-car loans saw record amounts financed, record monthly payments and record loan terms, but used-vehicle interest rates hardly budged from a year earlier.

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California finalizes details on banning gasoline-powered vehicle sales

Democrat Gov. Gavin Newsom first announced the 2035 goal in an executive order two years ago, but the new rules would set a firm timetable for reaching it.

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Tesla shares in the limelight as 3-for-1 stock split kicks in

A stock split does not affect the fundamentals of a company, but makes it easier for individual investors looking to do small trades.

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California finalizes details on banning gasoline-powered vehicle sales

Democrat Gov. Gavin Newsom first announced the 2035 goal in an executive order two years ago, but the new rules would set a firm timetable for reaching it.

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Honda grapples with production headaches in Japan, China

Honda blamed delays in receiving parts and logistics due to COVID-19 and semiconductor shortages for the reduced output at two domestic plants.

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Group 1 CEO Hesterberg to retire at year's end; U.S. chief Kenningham named to top post

Earl Hesterberg came to Group 1 in April 2005 after stints at Ford and Nissan; Daryl Kenningham started with Group 1 in 2011.

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Honda considering decoupling supply chain from China, report says

Honda would continue to keep its supply chain in China for the domestic market in the world's second-largest economy, while building a separate one for markets outside of China, the report said.

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Toyota has removed Hino from Japanese truck consortium after emissions scandal

Toyota orchestrated the creation of the Commercial Japan Partnership Technologies Corp. last year to help transition Japanese commercial vehicle makers for the shift to full-electric, hydrogen fuel cell and self-driving technologies.

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Mercedes-Benz and Volkswagen sign EV battery supply deal with Canada

The automakers aim to shorten supply chains for their U.S. operations and avoid difficulties linked to tariffs and tax regulations.

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Dana plans $54.2 million EV battery cooling plant in suburban Detroit

Dana, the Ohio-based powertrain supplier, said it anticipates production beginning in 2023 with all 200 of the jobs to be created by the end of 2024 at the site.

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Lithia Motors was bidder behind terminated offer for Pendragon UK dealerships, report says

According to Sky News, Lithia Motors was the "large international corporate" that Pendragon cited in an August regulatory filing revealing buyout discussions between the parties had been terminated.

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Ford to discontinue Transit Connect in U.S. after 2023

The automaker has canceled plans to build a next-generation Transit Connect in Mexico alongside the Bronco Sport and Maverick. It will stop importing the current van from Spain by the end of next year.

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Former Apple car engineer pleads guilty to trade secret theft

U.S. prosecutors allege that Xiaolang Zhang downloaded confidential plans for Apple's self-driving vehicle to Chinese autonomous car startup Xpeng.

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VW and Mercedes arrange battery supplies in Canada

The automakers aim to shorten supply chains for their facilities in the U.S. and avoid difficulties linked to tariffs and tax regulations.

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Stellantis, Mitsubishi and Chevy dealerships acquired in Q2 and Q3 transactions

Four dealerships traded hands in second-quarter and third-quarter transactions, including Canadian auto retailer Knight Automotive Group buying its third U.S. store from former Denver Broncos Hall of Fame quarterback John Elway's dealership group.

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Musk subpoenas ex-Twitter CEO Dorsey in battle over $44 billion buyout

The notice of subpoena on the former Twitter CEO, filed Monday, came amid a flurry of filings that also included notice of subpoenas served by Musk on Friday.

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No English? No problem at supplier Gentex

Mirror maker Gentex has new business coming in, but like other manufacturers, was struggling to hire production workers. Then it embraced a demographic who can't speak enough English to apply for the jobs.

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GM board's new member: Focus on brand loyalty

The addition of Joanne Crevoiserat follows the recent departures of two other women: Meg Whitman and Jane Mendillo.

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2022 Automotive News Rising Stars

As the auto industry reinvents itself, the 2022 class of Automotive News Rising Stars is right on the front lines. These 21 honorees are helping lead automakers, suppliers and technology companies into the coming era of autonomous and electric vehicles.

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Korean brands energize to realize big EV plans

Hyundai, Kia and Genesis have wowed the U.S. market with their surge in EV sales and their unveiling of robust future electric plans.

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Breaking silence on EVs: Dodge holds onto its roar

The brand, known for a brash attitude and roaring engines, wants to make clear it won't water down that audacity in the battery-power era.

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2022 PACE Awards: 6 more finalists featured

We spotlight product and process innovations from suppliers leading to our 28th annual Automotive News PACE Awards ceremony on Sept. 19, when winners will be announced. We are highlighting our second group of six finalists this week.

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The latest numbers on the microchip shortage: Cuts could be worse than reported

More than 3 million vehicles have been axed from automakers’ production schedules worldwide so far this year because of the microchip shortage — but that might be an undercount.

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Denso delivers on aircraft promise

Denso has created an electric motor that can be integrated into the Lilium Jet, an all-electric vertical take-off and landing aircraft.

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Ask your questions about EV tax credit

The new tax credit for EVs under the Inflation Reduction Act is more complicated and designed to incentivize domestic production and supply.

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$2 million Bentley is going to select few buyers

Bentley plans a limited 18-car production run of a handcrafted model from Mulliner, the Bentley Mulliner Batur.

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Ford hit with $1.7 billion verdict for fatal crash in Ga., reports say

Jurors delivered their verdict on punitive damages against Ford on Friday following a 14-day trial in state court in Lawrenceville, Ga.; Ford plans to appeal the decision.

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Auction houses grapple with pricing used EVs

As the number of used battery electric vehicles rises, auto auction houses are grappling with how to factor battery health and expected degradation into the value of an EV.

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Michigan Ford dealership rethinks used-car commissions

Roy O'Brien Ford in St. Clair Shores, Mich., increased its used-vehicle volume and boosted sales reps' interest in selling any used car in stock by changing the way it accounts for gross profit when calculating commission payments.

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Detroit area machine shop files for bankruptcy, blames supply chain and labor issues

Cammand Machining, which services the mold-and-die industry for automotive and aerospace customers, indicated in the filing that it was never able to recover from the COVID-19 pandemic.

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Range Rover SV Carmel Edition muscles into Rolls-Royce pricing territory

The small-batch Range Rover SV Carmel Edition stickers at $345,000 — roughly $75,000 more than a 2023 Range Rover with all the options boxes checked. In comparison, the 2022 Rolls-Royce Cullinan crossover has a starting price of $348,000.

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McLaren Solus GT is a hypercar that lands somewhere between fantasy and reality

The 25-unit production run is pre-sold. Deliveries begin next year.

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Lucid Air Sapphire sedan with 1,200 hp launches at $249,000

The Lucid Air Sapphire debuts a performance subbrand with a three-motor, 1,200-hp drivetrain. Billed as the most powerful sedan in the world, the Lucid Sapphire is a logical competitor to the Tesla Model S Plaid.

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Carvana 'vending machine' proposed for suburban Detroit

Should the estimated $15 million investment obtain the needed approvals, the company is targeting a construction start in late 2023 or early 2024 with completion 10 months later.

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GM, LG Energy Solution considering Indiana for fourth U.S. battery plant

The fourth plant is expected to be similar to the three others and have an investment of more than $2 billion, a source briefed on the matter told Reuters, but it is not clear when it might open.

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Geneva show canceled as organizers trade snow for sand

Organizers of the event are switching its traditionally chilly venue in alpine Europe to the balmy Middle East.

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Self-driving Lincoln Model L100 concept meant to inspire future products

The concept sedan, not intended for production, is longer than an extended-length Navigator L and comes with wild features such as a digital floor and "chess piece" controller.

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Toyota's Jack Hollis expects 'one more year' of historically tight inventories

Jack Hollis, head of sales for Toyota Motor North America, says dealership inventory levels won't be able to grow at all until perhaps the third quarter of 2023, and are unlikely to ever return to their pre-pandemic levels.

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U.S. seeks information from Tesla on cabin camera in Autopilot probe

NHTSA's nine-page letter demands Tesla answer questions by Oct. 12 about "the role that the Cabin Camera plays in the enforcement of driver engagement/attentiveness."

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U.S. extends public input on GM, Ford self-driving petitions

GM and Ford want to deploy up to 2,500 vehicles annually, the maximum allowed under law, for ride sharing and delivery services. Neither seek approval to sell self-driving vehicles to consumers.

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Sonic Automotive buys Audi store in Maryland from AutoNation

Sonic said Monday it bought Audi Owings Mills, northwest of Baltimore. Terms were not disclosed, but the dealership's name remains the same.

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Dodge's Charger Daytona SRT Concept will make plenty of noise despite being an EV

Dodge's electric muscle car is on the way, and the brand wants the world to hear it coming.

Shunning the near-silence of traditional EVs, the Charger Daytona SRT Concept is outfitted with an industry-first exhaust system for an EV, the brand said. The sound, which can reach 126 decibels and is as loud as today's Hellcat-powered vehicles, is sent through an amplifier and tuning chamber at the rear of the vehicle.

Dodge is calling this patent-pending feature the Fratzonic Chambered Exhaust.

Like a "traditional" and "proper" muscle car, the electric concept has an eRupt multi-speed transmission setup with electro-mechanical shifting, Dodge CEO Tim Kuniskis said. The PowerShot push-to-pass feature, like that of the upcoming Hornet R/T plug-in hybrid crossover, gives drivers a temporary burst of acceleration.

The concept debuted Wednesday, the final day of product announcements during Dodge's Speed Week at M1 Concourse in suburban Detroit that is previewing the brand's future.

"It looks like a Dodge, sounds like a Dodge and drives like a Dodge," Kuniskis said during a media briefing last week.

The two-door Charger Daytona concept signals a new era for a brand known for its gasoline-powered performance, as production for the current-generation of the Challenger and Charger muscle cars ceases at the end of 2023.

Names such as Hemi, Hellcat and Redeye that defined Dodge muscle will give way to a new standard-bearer of speed, Banshee, when the Brotherhood of Muscles goes electric in 2024. Dodge said the concept's 800V Banshee propulsion system will be the brand's new pinnacle of performance. The concept sports Banshee fender badging.

Kuniskis said the car will launch with three power levels.

Dodge is planning to offer six more power levels through the Direct Connection hub. Attaining the higher levels, Kuniskis said, could require software and hardware modifications.

The design boasts the patent-pending R-Wing on the front end that allows air to flow through the front opening, enhancing downforce. Dodge says the R-Wing pays homage to the original Charger Daytona design. In 1970, the Charger Daytona was the first vehicle to break 200 mph on a NASCAR track.

The Fratzog logo that Dodge showed in a teaser for the EV concept last year appears as an illuminated badge on the grille. The Fratzog was used on Dodge muscle cars from 1962 through 1976.

While the concept has nods to the past, the designers sought to revolutionize the look of battery electric vehicles.

Scott Krugger, head of Dodge exterior design, said "we didn't want people look at this car and see a retro design."

Dodge said the drivers can press a button on the steering wheel to select auto, sport, track and drag modes that instantly change the driving dynamics, display graphics, sound and interior lighting.

The 12.3-inch center screen is the largest featured in a Dodge and is angled nearly 10 degrees toward the driver. The company says the 16-inch instrument cluster is "curved, creating a cocooned, driver-focused feel." The car, which has standard all-wheel drive, is a hatchback and has a panoramic glass roof.

Kuniskis likened the industry's shift to electric vehicles to the space race of the 20th century. Dodge is joining the fray with its own flair.

"Dodge is going to get lost if we're trying to do the same thing as everybody else, so let's go, let's invent, let's create, let's do something different than [what] anybody else out there is doing," Kuniskis said. "Let's show them that electrification can still shock people."

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Dealer Kitty Van Bortel's lawsuit against Ford dismissed

U.S. District Judge David Larimer dismissed the lawsuit, saying a purported oral agreement did not constitute a valid, legal contract.

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BMW is getting Tesla-like cylindrical batteries from China's EVE, report says

EVE will supply BMW with battery cells for the automaker's Neue Klasse (New Class) vehicles, sources said, as the automaker follows Tesla in adopting the technology.

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2023 Dodge Hornet brings power, speed to compact crossover segment

The Hornet will offer the brand's first plug-in hybrid and have standard all-wheel drive.

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U.S. says about 20 models will get EV credits through end of 2022 after Biden signs tax-climate bill

The law signed Tuesday immediately ends credits for about 70 percent of the 72 models that were previously eligible, said the Alliance for Automotive Innovation.

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2023 Dodge Hornet brings power, speed to compact crossover segment

The Hornet will offer the brand's first plug-in hybrid and have standard all-wheel drive.

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President Biden signs $437 billion tax-climate bill

President Biden signed the tax, climate and health-care measure into law on Tuesday, sealing what Democrats hope is a major legislative victory ahead of the November midterm elections.

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VW Mexico union to hold new contract vote after workers reject pay deal

Union workers at VW's Puebla plant in Mexico narrowly rejected a 9 percent increase in pay earlier this month.

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Donald Foss, billionaire founder of Credit Acceptance Corp., dies at 78

Foss founded Credit Acceptance Corp. in 1972 after starting a car dealership in Detroit five years earlier.

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Dodge brings back Durango Hellcat for 2023, will offer 7 Challenger and Charger heritage models

The Stellantis muscle brand is making some noise with its roaring engines before transitioning to more eco-friendly electrified performance.

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Timeline: LMP Automotive's quick rise and fall

LMP Automotive, a small public auto retailer that bought its first franchised dealerships in March 2021 and had aspirations to roll up dozens of stores, appears headed for dissolution.

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Auto retailer led by Tampa Bay Buccaneers co-owner buys Jaguar-Land Rover, Hyundai-Genesis and Cadillac dealerships

US Auto Trust of Los Angeles has acquired four Southern California dealerships since December.

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Rivian, Lucid rush to help buyers with existing EV tax credit before it expires

EV buyers may have only until President Joe Biden signs the Inflation Reduction Act to enter into a binding sales contract with automakers such as Rivian and Lucid to qualify for the outgoing credit.

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Alan Jay Automotive Network sells 2 stores after failed LMP deal

Two Florida dealership groups have acquired the Toyota and Alfa Romeo-Maserati dealerships from Alan Jay Automotive Network in separate June transactions.

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CEO median compensation increases 78%

Median pay for CEOs who have been in their positions for at least two years rose 90 percent from 2020, according to a survey by Equilar for .

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Shifts in used-vehicle market cut into proceeds, trigger resets

Shifting market conditions are starting to pressure auto retailers' used-vehicle business plans and profits.

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Volvo and JLR prepare for a new era of EVs

Volvo and Land Rover are delivering a product-driven market renaissance, while Jaguar hopes to spark new enthusiasm with an all-electric portfolio by 2025.

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Auto suppliers are asking for contract relief

Parts shortages and heightened commodity prices are putting the squeeze on Tier 2 and Tier 3 suppliers, often forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion — or else risk going out of business entirely.

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The latest numbers on the microchip shortage: A much-needed reprieve

Just 6,800 units were added last week to AutoForecast Solutions’ tally of vehicles lost to the semiconductor shortage, one of the lowest weekly totals since the start of the microchip crisis.

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Tesla crushes luxury registrations so far in 2022

With its 61 percent gain in registrations in the first half of 2022, according to Experian, Tesla dominated the luxury segment. But on EVs, the legacy brands are starting to fight back.

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As ICE age ends, demand for EV engineers heats up

The industry has been hungry for more engineers for at least two decades. But now it's getting worse.

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Rivals take on Tesla with Plug & Charge system for EVs

The Plug & Charge system is designed to emulate the ease of use Tesla's Supercharger network provides EV owners.

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Toyota dealers line up for digital tools SmartPath, Lexus Monogram

About 100 dealers are waiting to have the Toyota SmartPath or Lexus Monogram suite of digital retailing software installed.

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6 cool features on the Cadillac Lyriq EV

The first modern EV for GM's luxury brand is filled with Easter eggs and unique features aimed at winning over rivals' customers who are ready to go electric.

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Stellantis' Free2move grows as other short-term rentals close

Stellantis' unit is growing at a time when GM, BMW and Daimler have moved away from car sharing.

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Car dealership employees can see the doctor — at work

Switching from traditional health insurance with a big-name provider has saved Lakeland Automall hundreds of thousands of dollars and helped retain employees.

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EV tax credit restrictions could reshape automakers' supply chains, battery strategies

EV manufacturers now must decide whether they'll chase all, some or none of the revamped tax credit. Depending on their strategies, it could mean reshaping their supply chains sooner than anticipated.

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U.S. vehicle inventory falls to 1.02 million

U.S. inventory vehicle levels ticked down in July to 1.02 million, despite a slowing sales rate, as automakers continue to struggle with production and supply issues.

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Rivian plans 2nd shift after falling behind on production target

Rivian is betting on supply-chain improvements to increase production with a second shift at its Normal, Ill., plant.

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Redesigned GMC Canyon flexes ‘off-road muscle'

GMC will offer four trims, plus a limited edition model, of the 2023 Canyon, which goes on sale early next year.

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Mercedes gives up on in-between Metris van

Production of the four-cylinder gasoline engine that powers Mercedes-Benz's commercial vans will end next year.

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Chrysler, Harvey Weinstein, end competing dueling lawsuits over Jeep crash

The U.S. business of Fiat Chrysler Automobiles and Harvey Weinstein agreed to end competing lawsuits over a 2019 crash in which the now-imprisoned former Hollywood movie producer flipped a Jeep Wrangler while trying to avoid a deer.

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Tesla discloses lobbying effort for factory in Canada

Tesla is lobbying the Government of Ontario as part of an effort to set up an "advanced manufacturing facility" in Canada, a filing by the electric-vehicle maker to the province's Office of the Integrity Commissioner showed.

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Toyota keeps plan to build 9.7M vehicles despite factory stoppages

The automaker will suspend production on three lines at its Motomachi plant in September. That follows suspensions at its Tsutsumi plant.

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Rivian's Q2 earnings focus on 'cash burn,' factory output

Analysts are focused on Rivian's operating costs as part of second-quarter earnings due Thursday. Rivian improved its production ramp up, but still faces questions over its cash burn.

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Honda focuses on deliveries, rather than recession talk, as profits fall

Honda expects higher inflation and interest rates to eventually have an impact on the U.S. economy, but for now, its top priority is delivering more product to customers.

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Online used-car retailer Shift Technologies plans merger with CarLotz

Shift Technologies announced that it plans to merge with used-vehicle consignment company CarLotz.

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GM CFO: EV profit, scale to expand as Ultium plants open

Ultium Cells, a battery cell joint venture between GM and LG Energy Solution, plans to open its first plant this month.

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GM requires Buick, GMC buyers to buy $1,500 OnStar subscription

OnStar, GM's long-standing in-vehicle safety, security and connectivity service, had previously been an optional product sold for a separate subscription fee.

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Sonic Automotive's EchoPark names VaynerMedia as its first agency of record

Sonic's fast-growing used vehicle unit EchoPark plans social media push to 'identify the brand' after expansion.

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Kia recalls 257,998 Optimas over insufficient adhesive

Kia is recalling Optimas from the 2012-13 model years after the discovery of insufficient adhesive on headliner plates.

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Mercedes, BMW, Audi race to EV future

German luxury heavyweights — Mercedes-Benz, BMW and Audi — are remaking their lineups for the new age with fleets of battery-powered models.

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Used-vehicle retailer Vroom cut jobs as Q2 sales volume dropped

Vroom Inc. said Monday it cut employment by 337 positions and sold far fewer vehicles in the second quarter.

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Automaker and chip CEOs were to meet ahead of Biden signing microchip legislation

WASHINGTON - The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors were to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors.

On Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China. The bill provides $52 billion in subsidies for chip manufacturing and research. It also includes an investment tax credit for chip plants estimated to be worth $24 billion.

GlobalFoundries CEO Thomas Caulfield said in a statement the chips legislation "protects U.S. economic, supply chain and national security by accelerating semiconductor manufacturing on American soil."

The legislation aims to alleviate a persistent shortage that has affected supplies of goods from cars and weapons to washing machines and video games. Thousands of cars and trucks remain parked in southeast Michigan awaiting chips as the shortage continues to impact automakers.

The companies said the summit would bring them together with government officials to "discuss how these public investments can accelerate semiconductor and emerging technology manufacturing, support the electrification of automobiles with a ready supply of chips, including feature-rich chips, and strengthen the United States' economy, supply chains, and national security."

White House National Economic Council Director Brian Deese, Under Secretary of Defense for Acquisition William LaPlante and National Security Council official Tarun Chhabra were among officials due to attend.

Ford CEO Jim Farley said in a statement "a reliable domestic supply of chips, including legacy semiconductors needed in the automotive and defense industries, will keep American manufacturing lines humming."

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LMP board recommends liquidation plan; company set to sell 6 dealerships

LMP Automotive Holdings Inc.'s board of directors has unanimously recommended that stockholders approve a proposed plan to liquidate the company, while the retailer also noted it will be selling six dealerships.

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LMP board recommends liquidation plan; company set to sell 6 dealerships

LMP Automotive Holdings Inc.'s board of directors has unanimously recommended that stockholders approve a proposed plan to liquidate the company, while the retailer also noted it will be selling six dealerships.

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Bob Brockman grew DMS giant Reynolds; faced tax evasion charge

Brockman, who started Universal Computer Systems in 1970 before it later merged with Reynolds and Reynolds, was facing trial in February on federal charges of tax evasion and other crimes.

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Unity game software to power new Mercedes-Benz infotainment domain

Mercedes-Benz has tapped game software developer Unity Technologies to help build its next infotainment system.

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House lawmakers trying to jump-start self-driving legislative push

Representatives Robert Latta, Republican, and Debbie Dingell, Democrat, want to revive legislative efforts to boost self-driving vehicles.

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Brand and dealership loyalty decreasing as consumers pay more, GfK research says

New research from Growth from Knowledge AutoMobility shows loyalty toward brands and dealerships continues to decline as sticker prices go up.

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Bill with revamped EV tax credit passes Senate, heads to House

The Inflation Reduction Act ends per-manufacturer limits for the $7,500 tax credit for electric vehicle purchases, a boost for electric vehicle makers. But the vehicles will have to be built in North America and carmakers will have to quickly end a reliance on China for the battery supply chain.

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BMW i4 EV to get entry-level version priced at $52,395

The single-motor 2023 BMW i4 eDrive35, debuting in U.S. stores early next year, will start at $52,395.

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Stellantis program helps grow Black involvement in auto supply industry

The initiative's goal is to provide businesses with virtual training and give them access to an online marketplace that builds "a bridge between the public and private sectors to create substantive business opportunities for Black suppliers" around the U.S. and internationally within the auto industry and beyond.

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VW dealers worry about ‘revolving door’ ahead of Scott Keogh’s exit

Volkswagen dealers who were excited about the stability that Scott Keogh would bring to the job of CEO of VW of America now find themselves back on the executive merry-go-round, and they're concerned that the German brand will continue to cycle executives in and out of North America.

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Ex-Reynolds and Reynolds CEO Bob Brockman dies at 81

Brockman was a software entrepreneur and built Reynolds and Reynolds into a dealership management system giant before he was indicted in a landmark tax-evasion case.

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Wholesale used-vehicle prices nearly flat between June and July

Wholesale used-vehicle prices showed just a a tiny decline in July amid a stagnating summer sales season.

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Buick-GMC dealership finds recruiting female workers pays off

Second-generation owner Whitney Yates-Woods wanted to make sure her customers — many of whom are women — feel comfortable and represented.

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Carvana shifts to cost-cutting mode after losses

Carvana CEO Ernie Garcia says the retailer has shifted priorities to favor cost efficiency and cash flow for the first time in company history.

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Recruiting female workers pays off for store

Second-generation owner Whitney Yates-Woods wanted to make sure her customers — many of whom are women — feel comfortable and represented.

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Industry forecasting is suddenly a really hard job

The industry's challenges, from chip shortages to rising inflation, are taking a toll on the dark science of forecasting.

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Dana sees profits plunge in Q2

Second-quarter net income at the major supplier dropped by nearly 85 percent in the second quarter, reflecting lower operating earnings caused by the unfavorable impact of foreign currency values, a spike in costs and supply chain challenges.

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Cooper-Standard sees uptick in Q2 revenue, narrows net loss amid improving market conditions

Cooper-Standard, an automotive sealing and fluid delivery parts supplier, said the rise in sales reflected favorable volumes and recoveries in material cost inflation.

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Wholesale used-vehicle prices nearly flat between June and July

Wholesale used-vehicle prices showed just a a tiny decline in July amid a stagnating summer sales season.

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Tesla aims for 2 million-unit EV run rate by end of 2022

As factories in Berlin and Texas ramp up, Tesla forecasts annual production of 2 million cars next year ahead of its long-term goal of building 20 million vehicles year.

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Carvana records Q2 net loss, notes returns from ADESA U.S. acquisition

Carvana said it posted a net loss of $439 million in the quarter ending June 30 — a far cry from its landmark $45 million profit one year ago.

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AV startup Aurora to prioritize autonomous trucking over robotaxis

AV startup Aurora says it has a cash runway through 2024 and is prioritizing self-driving technology for trucking over ride-hailing.

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EV tax credit gets surgery, but there are complications

The EV tax credit provisions negotiated by Senate Democrats are an important step in a transforming industry. But the new rules introduce a new set of complications.

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2023 Volkswagen ID4 to start at $38,790

Volkswagen of America detailed its pricing for the 2023 ID4 electric compact crossover, equipping the base model with a smaller 62-kilowatt-hour battery that gives it a range of just over 200 miles.

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2023 Volkswagen ID4 to start at $38,790

Volkswagen of America detailed its pricing for the 2023 ID4 electric compact crossover, equipping the base model with a smaller 62-kilowatt-hour battery that gives it a range of just over 200 miles.

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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 latest IIHS side-impact evaluation.

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Toyota profit plunges amid supply chain chaos, rising costs

Despite a 42 percent drop in quarterly profit, the automaker lifted its full-year guidance for net income and revenue.

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Lucid slashes 2022 production forecast after rough second quarter

Lucid Motors cut its 2022 production forecast in half to between 6,000 and 7,000 units of the Air executive sedan after delivering just 679 vehicles in the second quarter. Revenue was $97.3 million and cash on hand was $4.6 billion.

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TrueCar sees Q2 revenue slump, reports wider net loss

Executives of the vehicle listings company said low inventory and high vehicle prices have put pressure on its close rates.

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BorgWarner sees slight uptick in Q2 revenue

BorgWarner saw a slight increase in revenue and a slip in net income amid its acquisition of Rhombus Energy Solutions for $130 million.

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Automakers concerned over consumer access to EV tax credit in Senate proposal

The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin as part of the Inflation Reduction Act lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers as well as limits on vehicle sticker prices and the buyer's income.

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KAR records $5.4M net loss, saw reduced conversion rates in Q2

KARsaid that while it brought in more profit per each vehicle it sold in the second quarter, its performance was affected by reductions in conversion rates across its digital and hybrid marketplaces.

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Lucid faces production pressure in Q2 earnings

Lucid Motors reports Q2 earnings after the market close Wednesday amid recent job cuts by EV startups Rivian and Tesla. For Lucid, there's pressure to improve on its first-quarter deliveries of just 360 vehicles and boost sales revenue.

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GM to double Super Cruise map, add two-way highways

GM plans to double its hands-free driving network to cover 400,000 miles in the U.S. and Canada starting later this year.

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Battery makers say methods, supply chains in flux

The industry is scrambling to build millions of EVs, and battery producers are considering new processes and supply chains.

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Automakers press Manchin for changes to EV tax credit proposal

Sen. Joe Manchin, D-W.Va., expressed little interest in revising his proposal. "Tell (automakers) to get aggressive and make sure that we're extracting in North America, we're processing in North America and we put a line on China."

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EV tax credit proposal less about consumers, more about sourcing, industry exec says

The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers, among other rules.

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Michigan governor says microchip bill could turn state into auto chip hub

The CHIPS and Science Act, which passed Congress last week, gives Michigan an "important opportunity" to lead on microchip production, Gov. Gretchen Whitmer said.

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Rivian says Senate climate bill is stacked in archrivals' favor

Illinois' biggest EV producer wants changes it says would even the competition with Tesla and GM.

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Carvana wins temporary injunction against Illinois, can resume business in state for now

The Illinois Secretary of State is forbidden from "suspending or revoking" Carvana's certificates of authority and dealer plates.

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EV truck maker Nikola to buy battery supplier Romeo Power

Nikola has agreed to buy battery supplier Romeo Power for about $144 million in stock, in a move designed to help jumpstart its efforts to make battery packs.

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Israeli startup REE touts new electric delivery van as customer demonstrations begin

Israeli startup and diversified manufacturer began hosting customers for live demonstrations of its new Proxima proof-of-concept electric delivery van.

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Aston Martin sees its finances improving

Aston Martin expects to sell more cars in the second half following a ramp up in production of its more profitable models that include the DBX707, and the V-12 Vantage sports car.

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With EVs, ‘threat of shock is very real'

More EVs on the road mean more will be needing service and maintenance from dealerships. Manufacturers are ramping up safety training for technicians before they are allowed to work on the vehicles.

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At public retailers, inventory still hasn't turned a corner

Although all six major public franchised retailers in late July reported that new-vehicle days' supply level improved between the end of March and the end of June, company leaders said they believe the constrained inventory situation has yet to turn a corner toward lasting recovery.

 

 

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As chip shortage lingers, billions spent to boost capacity

In response to a catastrophic worldwide chip shortage that has knocked 13 million vehicles out of production since early 2021, chip producers and governments are pledging unprecedented sums of money into boosting semiconductor capacity. And that’s just the start. 

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Fanuc plots $86 million campus expansion in suburban Detroit

The pace of automation accelerated during the COVID-19 pandemic as more manufacturers in Michigan and around the world looked to robots to fill the void left by the labor shortage.

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