To sell more used vehicles online, groups create brands

Some dealership groups are creating standalone brands as they launch new online sales tools with the goal of reaching new customers and diversifying operations.

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Higher pricing a speed bump for Sonic, Penske used-only stores

Elevated used-vehicle pricing continues to pose a challenge to the used-only vehicle ventures of Sonic Automotive and Penske Automotive Group.

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GM, Ford, Stellantis see profits despite challenges

Most automakers reporting earnings last week said they expect better microchip supplies in the second half of 2022 and remained profitable despite stubbornly low inventories.

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Key changes in auto safety, connectivity and manufacturing

The past few years have ushered in dozens of changes in the realm of safety technology, in manufacturing practices and in connected vehicles. These are 25 of them.

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Rivian takes on the challenge for EV startups — service centers

Rivian is expanding its service centers in the U.S. and opening its first store in Canada as sales rise. EV startups face service challenges compared with legacy automakers.

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Tool keeps shoppers on dealership website

The tool is fostering engagement with online shoppers and helping the store sell more accessories, managers say.

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Reynolds and Reynolds acquisition bolsters IT offerings

Leaders of the two companies said they began speaking about a potential acquisition in March.

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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 Group, and three other individuals on murder-for-hire charges.

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Toyota’s lobbying blitz gets results in Manchin-Schumer deal

For Toyota, this win has particular significance: In the Build Back Better legislation that fell apart last year, President Joe Biden had called for an EV credit that would’ve provided extra incentives on union-made cars.

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GM selling first green bonds hoping to challenge Tesla in EVs

GM sold environmentally friendly bonds for the first time ever, tapping into the sustainable debt market to fund the transition to EVs.

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Toyota supplier Denso's Q1 profit tumbles 41% despite higher revenue

Denso adjusted its estimate of vehicle production to a 10 percent shortfall for each of quarter from the second quarter onward, CFO Yasushi Matsui said.

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EV tax credit proposal adds tougher sourcing limits for critical minerals, batteries

As part of the tax credit, automakers would be subject to annual increases in sourcing requirements for minerals and battery components used in eligible EVs and limited to sourcing from countries with a free trade agreement with the U.S. such as Canada and Mexico — a caveat aimed at reducing reliance on China.

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Porsche plans to enter Formula 1 with Red Bull

Porsche, which has already started developing a F1 engine, would reap marketing benefits as the race series becomes more popular in the U.S. and China.

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UAW president's state of union speech dropped from convention agenda

UAW President Ray Curry's speech had already been delayed three times but will now happen "at another time to be determined."

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Stellantis posts record first-half results despite rising costs, chip headwinds

The strong performance was supported by sales of high-margin vehicles, including electrified models, Chief Financial Officer Richard Palmer said.

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Senate deal includes EV tax credits sought by Tesla, Toyota

The credit will be included in a broader legislative package that revives key portions of President Joe Biden’s domestic political agenda and contains about $369 billion on climate and energy spending.

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Rivian cuts 6% of work force; Illinois factory will not be impacted

Rivian is cutting 6 percent of its work force as part of a restructuring. The EV maker's Normal, Ill., plant won't be impacted as it struggles to ramp output of R1T pickups, R1S SUVs and Rivian commercial vans.

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Ford generates $667 million in Q2 net income as revenue jumps 50%

The automaker's adjusted earnings more than tripled as it managed a significant production increase after more than a year of being stymied by the global microchip shortage.

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U.S. finalizes $102.1 million loan to Syrah Resources for Louisiana plant

This is the first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program finalized since 2011.

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Senate passes semiconductor industry bill with $2 billion for auto-grade chips

The bipartisan bill — known as the CHIPS and Science Act, or "CHIPS-plus" — provides more than $50 billion in government subsidies for U.S. semiconductor research, design and production, including $2 billion for "legacy chips" used by automakers and parts suppliers.

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U.S. Senate votes to advance sweeping semiconductor industry bill

The Senate is expected to vote on final passage in coming days and the U.S. House could follow suit as soon as later this week.

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NHTSA closes safety probe into Dodge, Chrysler minivans

NHTSA's Office of Defects Investigation launched the probe in July 2021 to investigate more than 300 consumer complaints alleging one or both of the sliding doors on those vehicles could not be opened either by using the mechanical handle or electronic remote switches or controls.

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Lucid adds business, logistics execs as EV maker expands to Europe, Middle East

Lucid has named Evelyn Chiang, a former Tesla executive, as vice president of process transformation. Walter Ludwig, formerly of Mercedes-Benz, has joined as vice president of global logistics.

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GM net income drops 40% in Q2 to $1.7B

The automaker said it expects stronger results in the second half of 2022 to meet its existing guidance of $13 billion to $15 billion in adjusted earnings.

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GM signs agreements with suppliers, on course to reach 1 million EV capacity by 2025

With the latest deals, GM said it had lined up supplies for all battery raw materials, including lithium, nickel, cobalt and cathode active material

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Honda, Ford, Stellantis, GMC dealerships sell in 4 states

Morgan Automotive Group was among the buyers in first- and second-quarter acquisitions that expanded four dealership groups across four states.

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Faraday Future delays launch of debut EV, warns cash is short

Faraday is pushing back the start of production and deliveries of its first electric SUV to the third or fourth quarter of this year.

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AutoWeb to be acquired by conglomerate One Planet Group

AutoWeb CEO Jared Rowe will leave the business after the transaction closes and will be paid $1.75 million in installments, with the payout to be completed by March 15. One Planet Group CEO Payam Zamani will replace him.

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Future Product Pipeline: The definitive guide to upcoming vehicles

The series details every brand's new and refreshed models for the next five years.

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LMP taps BofA Securities to explore options

LMP Automotive Holdings Inc. in July fired its CFO and said it plans to sell a Stellantis dealership in New York. The company also has hired BofA Securities to help it explore strategic options for the company.

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A tough time for small-town auto plants to find workers

Automakers have strategically placed assembly plants in small-town America with the promise of attractive, well-paying jobs in low-cost areas. A weakness has been exposed in that once solid formula.

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Automotive News LinkedIn Live: The FTC's proposed crackdown on dealership online advertising and F&I

Bring your questions to a conversation about the Federal Trade Commission's proposed new rules for dealership online advertising and F&I offices.

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The latest numbers on the microchip shortage: A lull in the storm

After months of production setbacks because of scarce microchips, automakers appear to be getting some relief.

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Automotive News adds mobility editor

Jerry Hirsch has joined Automotive News as a news editor. He joins the growing mobility team that covers technology and trends reshaping transportation.

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GM to flood heart of the market with EVs in 2023

The automaker plans to launch at least three mass-market EVs powered by its Ultium batteries next year and have close to a dozen mainstream electric options on sale by 2026.

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Automakers make contingency plans for West Coast imports

Contract talks continue for union workers at ports that are crucial hubs for the U.S. auto industry.

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Herbert Diess, Volkswagen's disruptor-in-chief, runs out of road

Diess set Tesla as VW's benchmark, not traditional rivals such as Toyota or GM, but his habit of speaking his mind upset key people at the automaker.

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Consensus-driven Blume will usher in new leadership era at Volkswagen

New VW Group CEO Oliver Blume has hammered home the importance of teamwork and bringing workers into decision-making --  something his predecessor Herbert Diess struggled with.

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Auto supplier Yanfeng saves millions with resusable cardboard

A packaging supplier is saving Yanfeng Automotive millions on its shipments from Mexico.

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Amazon-owned Zoox eyes robotaxi field with spacious bespoke model

Self-driving tech company Zoox is getting ready to join a field of competitors carrying passengers in autonomous vehicles. The company offered a sneak peek in the Bay Area last week.

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Nissan-Subaru dealer fosters inside talent with training

The Tech 120 Program is an all-expenses-paid technician recruitment and development program designed to help interested applicants with limited experience eventually become a master technician within the dealership's main shop.

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Gentex sees lower profits, higher sales in Q2

Gentex Corp. of Zeeland, Mich., posted lower second-quarter profits on reduced light-vehicle production and ongoing component shortages.

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Cadillac looks back, forward with Celestiq flagship EV

The production car — billed by Cadillac as the "standard of the world" — will be custom commissioned, meaning many features and materials, such as knobs, color trim, seating and even headliners, will be available from a menu.

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Porsche thinks it can make more profit selling EVs

Porsche is ahead of Ferrari and Aston Martin when it comes to electrifying its lineup but behind Tesla.

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EVs still not as appealing as gas-powered cars, J.D. Power study shows

J.D Power's U.S Automotive Performance, Execution and Layout Study measures owners' "emotional attachment and level of excitement" after purchasing a new vehicle.

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J.D. Power study shows EVs still not as appealing as gas-powered cars

J.D Power's U.S Automotive Performance, Execution and Layout Study measures owners' "emotional attachment and level of excitement" after purchasing a new vehicle.

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Elon Musk says Tesla prices are 'embarrassing' due to supply issues and strong demand

Tesla is racing to increase output to around 2 million a year after slow ramp-ups at its new factories in Berlin and Texas. The automaker's California factory is at record levels and China is expanding after a second-quarter shutdown.

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Premium brands, gas powered vehicles see gains in J.D Power most-appealing new vehicle study

J.D Power's U.S Automotive Performance, Execution and Layout Study measures owners' "emotional attachment and level of excitement" after purchasing a new vehicle.

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Rivian rolls out its first batch of electric Amazon delivery vans

EV startup Rivian is finally beginning deliveries of its custom-built electric delivery vans to Amazon, an early investor in the company.

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Kia, Hyundai thefts plague U.S. cities

A surge in thefts of Hyundais and Kias is plaguing U.S. cities, with thieves learning on social media how to bypass security features in some models.

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Stellantis to lay off 40 at Warren Stamping Plant

Stellantis NV is planning to lay off 40 workers at its Warren Stamping Plant, effective Monday — the latest in a series of local cuts.

The layoffs include 28 production workers and 12 skilled trades workers, according to a United Auto Workers Local 869 memo posted on Facebook.

The Detroit News first reported the layoffs.

"In order to operate the plant in a more sustainable manner, Stellantis confirms that there will be indefinite layoffs at the Warren Stamping Plant in Warren, Michigan, effective July 25," spokesperson Ann Marie Fortunate said in a statement. "The company will make every effort to place the laid off hourly employees into open full-time positions as they become available based on seniority."

Last month, the automaker — whose North American headquarters is in Auburn Hills — said it was cutting an undisclosed number of jobs at its Sterling Heights stamping plant, effective June 20, for the same reason: "... to operate the plant in a more sustainable manner."

Stellantis will also cut an unknown number of jobs at its Trenton Engine Complex when it decommissions its north plant there by the end of this year. The company said last month that it is investing $24.7 million to rework its Trenton facilities.

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Ford to boost EV capacity, cut costs with new battery chemistry

Using lithium iron phosphate cells in the Mustang Mach-E and F-150 Lightning will reduce material costs for those vehicles by 10 to 15 percent, Ford said.

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Ford and GM seek U.S. OK to deploy self-driving vehicles without steering wheels

Both automakers want to deploy up to 2,500 vehicles a year, the maximum allowed under the law, for ride sharing and delivery services.

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Tesla Q2 profits rise on price hikes

Tesla reported second quarter net income was $2.26 billion, up from $1.14 billion a year earlier. The automaker also reported a rise in quarterly profit.

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Ford Europe halts orders for Focus, Fiesta amid delivery backlogs

Ford Europe has stopped taking orders for the models as deliveries stretch into 2023 because of supply problems.

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Aston Martin updates wings logo, launches new brand campaign

With competition increasing, electrification coming and Aston Martin moving into new segments, the British ultra-luxury brand is rolling out a new global marketing campaign centered around the words "Intensity. Driven."

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Volvo sees flat or lower retail sales this year

Quarterly profit rose to 10.8 billion Swedish crowns ($1.06 billion), helped by the listing of EV subsidiary Polestar.

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UAW struggles to reset, root out corruption, monitor says in harsh report

While the federal monitor says he has seen some improvement in transparency since March, a new report, citing 19 current probes, paints a harsh view of a troubled union that has been slow to respond to systemic corruption that reached its highest levels.

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UAW struggles to reset, root out corruption, monitor says in harsh report

While the federal monitor says he has seen some improvement in transparency since March, a new report, citing 19 current probes, paints a harsh view of a troubled union that has been slow to respond to systemic corruption that reached its highest levels.

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UAW struggling to reset, root out corruption, monitor says

While the monitor's office says it has seen some improvement in transparency since March, a new report paints a harsh view of a troubled union that has been slow to respond to systemic corruption that reached its highest levels.

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Tesla Q2 earnings to reflect factory woes, but expansion continues

Tesla's rapid expansion took a pause in the second quarter on a COVID-19-related plant shutdown in China and slow ramp-ups in Texas and Berlin. But even amid layoffs, factory capacity continues to expand and demand appears strong.

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Twitter – Musk trial gets fast tracked

Twitter will get an October trial in its legal fight to hold Telsa CEO Elon Musk to his $44 billion takeover; a Delaware judge said on Tuesday the social media company deserved a quick resolution.

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Toyota and partners to develop small electric vans and fuel cell electric trucks

Toyota said it will work with minivehicle specialists Daihatsu and Suzuki to develop small electric commercial vans.

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LMP Automotive to sell Stellantis dealership, hires BofA as it seeks ‘strategic options'

LMP Automotive Holdings Inc. said it will sell one of its eight franchised dealerships, a Stellantis dealership in New York.

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Rosenthal Automotive Organization buys Honda, Acura, Mazda and Hyundai-Genesis dealerships

Rosenthal Automotive Organization purchased four dealerships in the Philadelphia area last month.

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Rivian to hold employee meeting Friday to address layoffs, restructuring

In his email to employees, CEO RJ Scaringe said the company is "financially well positioned," but that it has begun "prioritizing certain programs (and) stopping some."

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EV manufacturers rank behind other premium brands in customer service, survey finds

Electric vehicle-only automakers are trailing other premium brands in shopping experience satisfaction, a new report from retail service tracker Pied Piper found.

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U.S. investigates California Tesla crash that killed motorcyclist

Since 2016, NHTSA has opened 37 special investigations of crashes involving Tesla vehicles and where advanced driver assistance systems such as Autopilot were suspected of being used.

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Stellantis terminates Jeep joint venture with GAC

The move comes after Stellantis failed in its attempt to take control of the joint venture.

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2023 F-150 Raptor R packs 700 hp, 640 pound-feet of torque into 'nimble monster'

The Raptor R fails to beat the Ram 1500 TRX's 702 hp, but officials argue its better power-to-weight ratio is more important for desert-racing enthusiasts.

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Stellantis terminates Jeep joint venture with China's GAC

The move comes after Stellantis failed in its attempt to take control of the joint venture.

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CATL scouts Mexico for EV battery plant to supply Tesla, Ford

The world's largest battery manufacturer for EVs is considering Ciudad Juarez, in the state of Chihuahua, and Saltillo, in Coahuila, according to people familiar with the deliberations, Bloomberg reported.

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Carvana pressured to cut costs amid waning used-car demand

With consumer confidence falling and the Federal Reserve raising interest rates to fight inflation, online used-car sellers may see little growth in demand in the coming quarters.

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Council puts road-safety focus on pedestrians

With traffic fatalities rising, the council says its current approach to traffic safety "isn't working," and it will now prioritize the well-being of vulnerable road users such as pedestrians and cyclists.

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Cost cutting the priority for Carvana, peers

With consumer confidence falling and the Federal Reserve raising interest rates to fight inflation, online used-car sellers may see little growth in demand in the coming quarters.

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Why a Subaru dealer says ‘no thanks’ to nonlocal buyers willing to pay more

Tight inventories and high consumer demand mean consumers are scouring the nation for particular vehicles. At Capitol Subaru of Salem in Oregon, which is selling at sticker price, the priority is always selling to locals first — even if it means saying no to a customer willing to pay more.

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Subscriptions for car upgrades are madness

Automakers should stop pursuing the wrongheaded notion that consumers will pay more to temporarily unlock added functionality on their vehicles, especially if the equipment needed to enable that functionality is already included.

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GM’s Ultium EV batteries could power NASA’s lunar rover

The next vehicle to explore the moon's surface could be powered by the same batteries underpinning GM's coming electric vehicles and share driving characteristics with the GMC Hummer EV.

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High-performance Chevy Corvette Z06 to start at more than $106,000

Chevy said the 2023 Chevrolet Corvette Z06 will start at $106,395, about $40,000 more than the base Stingray.

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Cruise accused of 'chaotic' safety culture by alleged whistleblower in letter to regulators

An anonymous letter sent to California regulators by someone claiming to be a Cruise employee says the self-driving tech company hid crash information from employees who worked on critical safety systems. An official from the California Public Utilities Commission says the letter is being reviewed.

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Saudi sovereign fund will be Aston Martin's No. 2 shareholder

Saudi Arabia's sovereign wealth fund will own 16.7 percent stake in Aston Martin and will be entitled to two board seats.

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2023 Toyota Crown blends sedan, crossover in fastback wrapper

The 2023 Toyota Crown, built in Japan, will feature a hybrid powertrain and replace the large Avalon sedan in the brand's U.S. lineup.

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Toyota, Stellantis dealerships bought by Graham Ourisman Automotive

The growing Graham Ourisman Automotive partnership bought two stores in suburban Washington, D.C., last week.

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EV disruptors like Rivian, Arrival hit familiar auto industry speed bumps

The slumping stock market and rising interest rates have made it tougher for new companies to raise fresh capital from investors. That intensifies pressure to start building and selling vehicles, and to slash expenses.

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EV disruptors hit industry speed bumps that have plagued legacy automakers for years

The slumping stock market and rising interest rates have made it tougher for new companies to raise fresh capital from investors. That intensifies pressure to start building and selling vehicles, and to slash expenses.

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Volvo CEO says there are no ifs, ands or buts about move to EVs

Competitors that have not committed to EVs must decide "whether they can ride two horses at the same time," Volvo's new CEO, Jim Rowan, told Automotive News Europe.

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Tesla's top Autopilot exec is leaving the automaker

Tesla's top artificial intelligence executive and a key figure behind its driver-assistance system Autopilot is leaving the EV maker.

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Panasonic to build EV battery plant for Tesla in Kansas

Panasonic has been looking for potential factory sites in Kansas and Oklahoma to supply batteries to Tesla's new assembly plant in Texas.

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EV disruptors hit industry speed bumps that have plagued legacy automakers for years

The slumping stock market and rising interest rates have made it tougher for new companies to raise fresh capital from investors. That intensifies pressure to start building and selling vehicles, and to slash expenses.

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Lordstown Motors' Edward Hightower emerges as first Black CEO of a U.S. automaker in more than 100 years

Edward Hightower was promoted to CEO at Lordstown Motors in Ohio after being president of the company. He has held several engineering, strategy, brand marketing and senior executive roles for GM, Ford and BMW.

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Walmart blocks Amazon from buying Canoo's EVs

Walmart's deal to back Canoo includes a provision preventing sales to rival Amazon.

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EV maker Polestar nearly matches 2021 volume with 125% first-half sales increase

Volvo's EV unit Polestar increased sales 125 percent to 21,200 electric vehicles during the first half, nearly matching its full-year volume from last year.

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Twitter uses Musk’s tweets against him in buyout lawsuit

Twitter’s suit, filed Tuesday, cites no fewer than 13 Musk tweets in setting out the arc of the billionaire’s infatuation with the service, which started with the pun of “love me tender” before his bid in April.

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Tesla supplier Panasonic eyes 20% jump in battery density by 2030

Panasonic plans to boost battery density by using a new mix of additives to allow individual cells to run at a higher voltage without damaging battery performance.

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Bosch poised to spend $3 billion to help resolve chip needs

Bosch plans to spend more than $3 billion to satisfy a growing demand for microchips in Europe — but the move could help ease the global chip shortage in general.

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V2X tech hindered by regulatory uncertainty, Alliance says

John Bozzella, CEO of the Alliance for Automotive Innovation, said the private sector is "heavily investing" in vehicle-to-everything — or V2X — technology but that the U.S. also needs "a regulatory and policy environment that supports and facilitates V2X adoption and use."

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Mercedes starts German trial over alleged cheating on diesel tests

Germany's largest consumer protection group, the VZBZ, is accusing Mercedes of installing cheat devices in its GLK and GLC crossovers.

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FTC's proposed rules on car dealer ads, F&I would hurt customers, NIADA says

The independent dealer trade group estimates compliance would require at least $1.4 billion during the next 10 years, "driving up prices for consumers and making the car-buying process longer and more difficult."

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Hyundai plans to build its first South Korean EV factory, union says

The EV factory is seen as vital to Hyundai's survival as sales of combustion engine vehicles are scheduled to be banned in key markets.

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Continental to build $40M plant in Mexico

Continental, which already operates 21 plants employing 20,000 employees in Mexico, is expanding its North American operations.

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Lexus is building a new kind of head office for a new era

In early 2024, Lexus will open a world head office in a secretive mountain complex shrouded in cedar forests. Executives say the facility will not only revolutionize the way Lexus develops cars but speed the brand's shift into the EV era.

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Tesla's German factory is only building black or white Model Y crossovers

Facing a global shortage of semiconductor chips and other supply-chain disruptions, automakers in Europe are offering fewer options for cars so customers can get their new cars quickly.

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Musk mocks Twitter legal threat after scrapping $44 billion deal; Twitter hits back

The series of tweets on Monday was Musk's first public response since he made public his intention to ditch the offer on Friday because Twitter had breached multiple provisions of the merger agreement. Twitter begged to differ.

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Musk mocks Twitter legal threat after scrapping $44 billion deal

The series of tweets on Monday was Musk's first public response since he made public his intention to ditch the offer on Friday because Twitter had breached multiple provisions of the merger agreement.

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Rivian targeting hundreds of job cuts following surge in staffing, report says

The EV maker, which has more than 14,000 employees, could target an overall reduction of around 5 percent, sources told Bloomberg. The layoffs are still in the planning stage and nothing has been decided.

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VW software chief envisions pay-as-you-go autonomy

The automaker is working to build an operating system that is capable of frequent over-the-air updates to enable enhancements such as full autonomous driving for a set distance as a way of getting ahead of Tesla.

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Here's the 2022 Automotive News 40 Under 40 class

With our 11th 40 Under 40 class, Automotive News enters a second decade of recognizing young dealership leaders. This year's stars have led digital retailing transformations, found new ways to stock vehicles during an inventory crisis and chipped away at the industry's recruiting challenges. We congratulate them and hope you enjoy reading their stories.

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How Acura uses pop culture to reach younger, diverse U.S. consumers

Acura, which has its sights set on returning to 200,000 annual U.S. sales, is working to reach younger and diverse consumers through various pop culture-themed marketing efforts.

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2022 Jeep Compass begins ascent in compact crossover segment

Stellantis has updated the 2022 Jeep Compass with a redesigned interior and a new infotainment system in hopes that the compact crossover will be more competitive in a hotly contested segment. So far, there are some promising signs.

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Musk says he is terminating $44 billion Twitter deal; litigation likely

Musk's announcement brings to an end a will-he-won't-he saga after the world's richest person clinched a deal for Twitter in April but then put the buyout on hold. Now Musk faces a possible $1 billion breakup fee and litigation from Twitter's board.

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California dealer agrees to $2.5 million settlement of ringless voicemail lawsuit

The allegations against Moss Brothers Auto Group claim the company continuously used ringless voicemails that amounted to "aggressive unsolicited marketing."

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Ford recalls 100,000 U.S. vehicles for fire risks, expands earlier recall

The new recall covers certain 2020 through 2022 model-year Ford Escape, Maverick and Lincoln Corsair vehicles with 2.5-liter hybrid/plug-in hybrid engines.

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Wholesale used-vehicle prices fall in June, with smaller increases forecast for second half of 2022

The Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim's U.S. auctions, fell 1.3 percent in June compared with May.

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U.S. investigating fatal Tesla crashes in California, Florida

U.S. auto safety regulators opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla Model 3. NHTSA also said it would investigate anotther fatal Tesla crash this week in Florida.

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Self-driving tech firm Argo AI lays off unknown number of employees

Argo AI confirmed an undisclosed number of employees were cut. The self-driving tech firm said its overall business plans and partnerships remain unaffected.

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Tenneco CEO Kesseler to depart following acquisition

Jim Voss, the CEO of Apollo, will take over as head of Tenneco once several final conditions are met and the deal closes.

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