Maserati pushes back launches of electric Levante, Quattroporte

The successor to the Levante will appear in 2027, while the next Quattroporte will debut in 2028. The delay leaves big holes in the Stellantis luxury brand's lineup.

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Morrie's Auto Group adds three stores in Wisconsin

Morrie's Auto Group bought three dealerships in Wisconsin, expanding its store count in the Midwest.

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Chevrolet adds Trail Boss to Silverado HD pickup

The 2025 Silverado HD and the Trail Boss version will be on sale in the summer, Chevy said. Pricing was not disclosed.

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Dealership valuations dip from 2022, but remain high, experts say

Despite a decline in dealership valuations through the first three quarters of 2023 compared with 2022, valuations are still about two times higher than pre-COVID figures, buy-sell experts say.

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Lincoln cutting 200 U.S. dealerships in 2-year consolidation push

The brand is offering Lincoln retailers buyouts that include sweeteners such as more Ford inventory and special incentive plans for loyal customers.

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GM's Cruise robotaxi unit faces U.S. probes over dragging incident, vows reforms

Cruise said a report it commissioned from law firm Quinn Emanuel found that the evidence did not establish Cruise leadership or employees "sought to intentionally mislead or hide from regulators the details."

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GM to invest $1.4 billion in Brazil by 2028

GM is set to invest 7 billion reais ($1.42 billion) in Brazil between this year and 2028, in a bid to boost "sustainable mobility."

 

 

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Stellantis buys CloudMade's AI tech to support vehicle software development

Stellantis has acquired the artificial intelligence framework and other assets of tech company CloudMade to support the development of its STLA SmartCockpit platform.

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Tesla plans to build entry-level EV in mid-2025, report says

Tesla has told suppliers it wants to start production of a new mass-market EV codenamed "Redwood" in mid-2025, with sources describing the model as a compact crossover, Reuters reported.

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Reduced hours to stay at some car dealerships, owners say

Dealership owners say clipping just an hour or so a day — which many did during the COVID-19 pandemic and have since continued — has aided employee turnover and morale.

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Kia recalls 101,409 vehicles over roof molding

The recall includes certain 2023-24 Sportage and 2022-24 Carnival vehicles.

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Courting labor votes, Biden will address UAW at conference

President Joe Biden is scheduled to address members of the United Auto Workers Wednesday at the group’s annual conference in Washington.

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Consumers love mixing online and in-person shopping

The study found consumers in large percentages wanted to shop for their vehicles both online and in person.

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Dealerships look to cut costs through sustainability projects

From LEDs to recycling initiatives, EV chargers and reused water, dealers across the U.S. are making their businesses more sustainable.

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VW, BMW and Kia to run Super Bowl spots

Electric vehicles figure to play a prominent role in Super Bowl commercials from VW, BMW and Kia.

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Automotive News Dealership Salary Survey: 2023 average pay was $200K, but with 50-hour workweek

The average U.S. car dealership employee was expecting to earn $200,200 in wages, commissions and bonuses in 2023, according to the Automotive News Dealership Salary Survey. But that big money came with a 51.9-hour workweek, the survey found.

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Waymo seeks to expand driverless service to Los Angeles

A license would allow Waymo, which operates extensively in San Francisco, to fully operate its fleet in Los Angeles, where it is now testing rides.

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BMW partners with Figure to use humanoid robot to build cars in U.S.

The robots will be integrated into the manufacturing processes at BMW's U.S. plant including the body shop, sheet metal and warehouse in the next 12-24 months, after being trained to perform specific tasks.

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Car buyer satisfaction levels rise for first time since 2020, according to Cox Automotive

Rising inventory levels and expanding online options are driving consumer buyer satisfaction up for the first time since 2020, according to a study from Cox Automotive.

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Automakers ask Treasury for leniency in EV tax credit's battery sourcing rules

In public comments submitted Thursday, the Alliance for Automotive Innovation urged the Treasury to make permanent certain leeways aimed at easing the industry's compliance with an Inflation Reduction Act provision that blocks an up-to-$7,500 consumer incentive for new EVs that contain battery materials from foreign adversaries such as China.

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Ally: Net income way down in Q4; auto applications set record in 2023

Ally Q4 earnings: Net income fell 73 percent year over year in the fourth quarter to $76 million, though the plunge was driven in part by the company's pending sale of Ally Lending to Synchrony. Ally 2023 full-year earnings: Auto finance credit applications reached record 13.8 million.

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Judge rejects Minn. Ford dealership's attempt to halt opening of competing store

A federal judge has rebuffed a bid by a North Branch, Minn., dealership to prevent Ford Motor Co. from approving a new point 27 miles from its store.

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VinFast U.S. plans rise above early setbacks

The startup is committed to a national dealer network, North Carolina factory and a broad vehicle lineup that will include a pickup and a sub-$20,000 micro car, Chairwoman Le Thi Thu Thuy tells

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Hyundai charges forward on electrified future

Fluctuations in EV sales won't impede Hyundai's commitment to electrified vehicles, said Olabisi Boyle, senior vice president of product planning and mobility strategy for Hyundai Motor North America.

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Stellantis N.A. COO Mark Stewart to be named CEO of Goodyear, report says

Stewart, a native of Alabama, oversaw record profits for the company’s North American business in 2022. Stellantis announced his departure early Tuesday.

 

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Maserati delays flagship EV sedan

The Quattroporte is the third Maserati EV that has been delayed following schedule shifts for the electric versions of the GranTurismo and Grecale SUV.

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TuSimple says it will voluntarily delist from the Nasdaq

The company has faced setbacks since it first went public in a $1 billion initial public offering in 2021.

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Stellantis cuts 539 temp workers

The cutback comes after Stellantis agreed to a new UAW contract giving the workers pay increases and an easier path to full-time status.

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Flexible dealer loans paid back using vehicle and F&I sales

Dealer Benefit and Notre Dame Federal Credit Union have partnered up to create a dealership-specific loan program that launched Jan. 2.

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Martinrea closes Canada plant in wake of Stellantis product cuts

Canadian supplier Martinrea International has closed an Ontario plant in the wake of Stellantis’ decision to discontinue four vehicles.

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Lamborghini topped 10,000 sales last year for first time, CEO says

Lamborghini delivered a total of 10,112 sports cars and SUVs last year, up from over 9,200 vehicles in 2022.

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Stellantis replaces North America COO Stewart with head of Mexico unit

Carlos Zarlenga becomes COO of Stellantis' North American unit effective Feb. 1.

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Musk wants 25% voting control at Tesla before fulfilling AI goal

Musk currently owns about 13 percent of Tesla stock after selling billions of dollars of shares in 2022 partly to help finance his $44 billion purchase of Twitter.

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VW steers clear of Red Sea disruption by rerouting parts supply

Although the move is adding two weeks to delivery times, it is helping VW avoid the production pauses that rivals Volvo and Tesla are facing in Europe.

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Tesla gets a $94 billion reality check as EV winter sets in

Elon Musk's automaker has lost more than $94 billion in market valuation in the first two weeks of 2024. It’s not hard to figure out why.

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Dealers filling void left by Stellantis marketing pullback

Groups of dealers are using vehicles from their lots to fill in for a corporate-sponsored display at some auto shows as the automaker reduces its marketing spending.

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Cruise casts shadow on self-driving tech at CES 2024

Cruise-related headwinds dampened the outlook in some quarters, but autonomous trucks may keep on rolling.

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Buick-GMC makes top 10 list in NADA Dealer Attitude Survey for first time

Lexus and Toyota took the No. 1 and No. 2 spots, followed by Porsche, Subaru and BMW.

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AI is changing the cockpit as well as the brains of the car

Intel, Nvidia, Qualcomm highlighted new forms of this consolidated vehicle architecture at CES this year, combining many of the microprocessors into two or three system-on-chips.

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No Chinese automakers tapping new-EV tax credit, Treasury official tells Senate panel

The U.S. government has issued guidance for automakers on how the Biden administration will enforce a provision that blocks tax credits for new EVs that contain battery materials from adversaries such as China.

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DMS upstart Tekion brings on two new financial executives

The new executives are expected to help the dealership management system upstart successfully achieve plans for aggressive growth.

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German luxury automakers had mixed sales success in 2023

Five brands — BMW, Tesla, Audi, Porsche and Genesis — had record deliveries last year.

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Lucid Q4 deliveries fall 10 percent; stock plummets

The EV startup reported 1,734 deliveries in the most recent quarter and full-year sales of 6,001. Lucid has repeatedly cut its production forecasts amid weak demand for its luxury Air sedan.

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Ford battery partner SK On sees strong EV growth beyond 2024

Ford Motor Co.’s South Korean electric-car battery partner SK On Co., which furloughed some U.S. workers last year amid waning EV demand, expects EV sales to be sluggish in 2024 but remains bullish in the long term.

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EV advocates urge EPA to grant California's Clean Air Act waiver; opposition persists

CARB in May asked the EPA to approve a federal waiver under the Clean Air Act, allowing the state to enforce its Advanced Clean Cars II regulation.

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Inventory rises to three-year high

New-vehicle inventory levels in the United States climbed by 200,000-plus vehicles in December to more than 2.7 million, the highest in three years, according to data from Cox Automotive.

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Fisker names third accounting chief since October as shares plunge

Fisker said it named Angel Salinas as chief accounting officer after the EV automaker lost two previous top accountants since October. Its stock price is down by about a third this year.

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GM eyes significant ad agency changes, including possibly in-sourcing more work

New GM CMO Norm de Greve is said to be taking a fresh look at the automaker’s marketing approach.

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Magna debuts e-drive, anti-drunken driving tech at CES

Canadian supplier giant Magna unveiled at CES an e-drive that it says offers increased efficiency and power and debuted anti-drunken driving tech that can detect if a driver is above the limit via cameras and sensors.

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Hyundai aims for hydrogen systems, from production to vehicles

At CES 2024, Hyundai discusses AI and ‘software-defined everything' for future that includes hydrogen from plastics and animal waste.

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GM's sales drop in 2023; U.S. biggest market once again

After peaking at 4 million in 2017, GM’s China sales have steadily dropped by nearly half.

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Nvidia expands its reach in China's EV sector

Chinese automakers Li Auto, Great Wall Motor, Zeekr and the new EV unit of Chinese telecommunications company Xiaomi will use Nvidia's DRIVE technology

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Live talk at noon EST Thursday: The best of CES 2024

Automotive News staff will recap the top stories from this year's CES.

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Yanfeng shows a futuristic EV interior concept in its first CES appearance

A new interior design concept by Yanfeng eliminates a traditional center console and places many crucial components into the driver's seat.

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Column: CES still playing auto show game better than the rest

Stellantis pulling out of Chicago in addition to CES is a bad omen for event organizers.

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BYD's ambitions in Europe grow with plans for Hungary factory

The Chinese EV giant is targeting a top five market share, and will be adding plug-in hybrids to its full-electric lineup. A planned factory in Europe could make the path easier.

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EPA reviewing California's 2035 EV sales mandate plan

California's rules set yearly rising zero emission vehicle requirements starting in 2026, which have been adopted by several states.

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Honda considering $14 billion EV plant in Canada, report says

Honda, which is considering several sites, including one next to its automobile factory in Alliston, Ont., is expected to make a decision by the end of the year, Nikkei reported.

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Stellantis sits out the Super Bowl

The automaker joins GM in sitting out the game.

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Vietnam's VinFast adds dealers in Texas, New York and Kansas

The EV maker is quickly deploying its first group of franchised dealerships after opening up its sales model to third-party sellers. VinFast now has five independent dealers in addition to company-owned showrooms in California.

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Penske Automotive to buy Don Allen stores in Nantucket, Mass.

Penske Automotive Group's planned purchase of Don Allen Chrysler-Dodge-Jeep-Ram and Ford stores, the only new-car dealerships on Nantucket, initially is valued at $12.3 million in cash.

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CES 2024 preview: Hyundai stands out amid smaller automaker field

Here's a handy guide on what to expect from some of the auto industry's biggest companies and their suppliers during CES 2024 in Las Vegas.

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Stellantis withdraws from Chicago Auto Show, regional events

Stellantis is reevaluating its marketing strategy for auto shows.

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Akio Toyoda channels Captain Kirk in urgent New Year plea

Akio Toyoda says a dream vision of his grandfather rekindled a sense of urgency to transform Toyota Motor into a mobility company, as he urged employees to heed Captain Kirk's imperative to "boldy go where no one has gone before!"

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EV fast charge is more than 40 minutes on average for non-Tesla chargers

The average length of time for a paid fast-charging session at a non-Tesla charger was 42 minutes, according to an Energetics study cited by the U.S. Department of Energy. Free charging sessions took 1 hour and 18 minutes on average.

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Hyundai, Kia set U.S. sales records as market comeback rolls on

Biggest U.S. sales year since 2019 wraps up with Hyundai group poised to surpass Stellantis.

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Rivian Q4 sales rise 73 percent, but miss market expectations

The EV startup's 13,972 deliveries in the October-December period were sharply higher than the same period last year but lower than in the third quarter, raising concerns over demand in the new year.

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Electric car models eligible for $7,500 tax credit cut to 13

The number of electric vehicle models eligible for a consumer tax credit of as much as $7,500 fell sharply as new rules and narrower criteria reduced the number of qualifying models to 13 from about two dozen.

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Tesla falls behind China's BYD in quarterly EV sales as growth slows

BYD passed Tesla to become the new No. 1 in EVs, driven mainly by its much broader lineup of cheaper models in China.

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VinFast opens first U.S. dealership with Leith Automotive Group in N.C.

The Vietnamese EV maker's first franchised store opened in late December in Cary, N.C., marking the first step toward a national dealer network. The company sells direct to consumers in California, its first U.S. market.

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