A veteran auto retail executive and Kia dealership general manager have bought three dealerships in Texas in a new partnership.
Continue Reading the above article 'New Texas partnership buys Stellantis, GM and Kia ...
Pablo Di Si, head of Volkswagen in North America, says dealer price gouging on the new three-row ID Buzz electric bus would not be smart.
Continue Reading the above article 'VW's Pablo Di Si: Price gouging ID Buzz buyers wou...
The percentage of GM's sales that were leases rose slightly to 16.5 percent in the first quarter from a low of 13.9 percent in the third quarter of 2022, according to GM Financial data.
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Software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle's first owner, Barra said.
Continue Reading the above article 'GM's Barra: Profit potential in 'above and beyond'...
Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the group. The announcement comes months after Parks Automotive, with the investment firm, bought two Stellantis stores near Charlotte, N.C.
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In a report released Wednesday by the U.S. Transportation Department's Office of Inspector General, auditors reviewed a sample of investigations conducted in 2018, 2019 and 2021 to determine whether the agency has adequate tools, processes and resources to probe and identify safety defects.
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Musk's embrace of conservative Republican presidential candidate Ron DeSantis and hot-button topics on Twitter could help Tesla with reluctant EV buyers in red states.
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The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017.
Continue Reading the above article 'Stellantis, GM pay $363 million in U.S. fuel econo...
General Motors and South Korea's Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion.
Continue Reading the above article 'GM battery materials investment in Quebec to top $...
Kia and Hyundai have notified dealers that there are problems with a software fix that's being offered as a way to prevent vehicles from being hot-wired.
Continue Reading the above article 'Kia, Hyundai anti-theft software fixes a work in p...