Showing posts with label Section Page News - Automotive News. Show all posts
Showing posts with label Section Page News - Automotive News. Show all posts

Friday, January 26, 2024

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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Thursday, January 25, 2024

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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Wednesday, January 24, 2024

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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Tuesday, January 23, 2024

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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Monday, January 22, 2024

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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Sunday, January 21, 2024

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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Saturday, January 20, 2024

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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Friday, January 19, 2024

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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