Monday, December 4, 2023

Piston Group’s bitter fight over minority certification heads to trial

A bitter, nearly three-year dispute between the country’s largest Black-owned automotive supplier and the nonprofit group attempting to strip its minority status is set for a trial likely to have significant business implications — whatever the outcome.



from Section Page News - Automotive News https://ift.tt/kIVs7wq

Does Hyundai-Amazon deal make sense?

Cars Commerce CEO Alex Vetter insists his company's ability to sell cars trumps the scope of the Hyundai-Amazon pilot project.



from Section Page News - Automotive News https://ift.tt/Zotlw0m

BMW lidar maker Innoviz graduates to Tier 1, CEO says

The Israeli company, which worked with Magna on technology for BMW's 7 Series with hands-off capability, says it is now pitching automakers directly.



from Section Page News - Automotive News https://ift.tt/Ku06JhM

Sunday, December 3, 2023

Texas' ZT Automotive eyes dealership count of 50, 60

ZT Automotive, which rebranded from ZT Motors, is eying to expand its dealership holdings by five-fold in the coming years largely through acquisitions.



from Section Page News - Automotive News https://ift.tt/XN5boUY

Used EV models hurt by depreciation, data shows

Manheim auction statistics shared at the Auto Finance Summit show electric vehicles have more than doubled their presence on the wholesale market in the past two years. Unfortunately, used EVs are also collapsing in value, according to data.



from Section Page News - Automotive News https://ift.tt/cQY1WrL

Saturday, December 2, 2023

Musk finally gets his sci-fi Tesla pickup but at a cost

CEO Elon Musk delivered on his promise to bring the science fiction-inspired pickup to life, but at a price much higher than promised four years ago when the Cybertruck was first presented.



from Section Page News - Automotive News https://ift.tt/7HcYQUP

Friday, December 1, 2023

Live talk Wednesday at noon: CES 2024 preview

Join our LinkedIn Live talk as we preview the automotive technology expected to be showcased at CES 2024.



from Section Page News - Automotive News https://ift.tt/u0YxLBs