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Latest News Dealer News Mobility News Used Car News

Latest News

Marelli, DHL aim to move parts quicker
Posted on Sunday August 01, 2021

As it merges the global portfolios of Calsonic and Magneti Marelli, a Tier 1 supplier pushes for faster movement through its pipeline.

VW's Diess hangs 10 after record earnings
Posted on Sunday August 01, 2021

The Volkswagen chairman posted a video online showing him riding an electric surfboard on the water near the company's power plant in Wolfsburg, Germany.

Dealer anniversary
Posted on Sunday August 01, 2021

The dealer featured this week is Rickie Primasing, dealer operator of Primasing Motors, a Chevrolet-Buick-GMC dealership in Lebanon, Ore.

Defender awards a Trophy
Posted on Sunday August 01, 2021

Only 220 of the Defender Trophy Edition will be built this year.

GM cruises into yet another fight — this time with Ford
Posted on Sunday August 01, 2021

The automakers are battling over whether the names BlueCruise and Super Cruise are too similar.

Dealer News

Ill. gives dealers more power on warranty charges
Posted on Wednesday August 04, 2021

The bill also establishes methodology for calculating the average labor rate and ends automakers' ability to refuse parts markups that they deem "unreasonable."

KAR reverses course, pilots in-lane vehicle sales
Posted on Wednesday August 04, 2021

KAR Global chairman Jim Hallett had been a vocal advocate for all-digital sales, citing safety concerns surrounding vehicles driving down auction lanes.

GM earns $2.8B in Q2, raises full-year forecast
Posted on Wednesday August 04, 2021

The automaker now expects to earn as much as $13.5 billion in adjusted earnings this year, compared with a previous forecast of $10 billion to $11 billion.

Mechanics at 56 Chicago-area dealerships strike after rejecting contract offer
Posted on Tuesday August 03, 2021

About 97 percent of union members voted to turn down the latest contract offer, and 99 percent voted to begin a strike.

Toyota axing Avalon sedan after 2022 model year
Posted on Monday August 02, 2021

The large sedan was due to be freshened next year. Instead, Toyota's flagship car will end a production run that began in 1994 after the 2022 model year, the automaker told suppliers Monday, as consumers continue to move away from sedans in general.

Mobility Report

Driverless Plus truck trundles along China highway
Posted on Thursday August 05, 2021

In the lead-up to a scheduled SPAC merger, Silicon Valley-based startup Plus tested one of its self-driving big rigs without a human backup driver aboard on a highway in China.

The secret of innovation in the new era? Move fast
Posted on Wednesday August 04, 2021

Suppliers might also have to look for component solutions far outside their wheelhouses.

Former GM exec advising electric scooter company
Posted on Wednesday August 04, 2021

Zapp plans to debut its i300 EV scooter in Paris this year and will expand to the U.S. next year.

Self-driving startup Argo AI locks down key permit needed for robotaxis in California
Posted on Monday August 02, 2021

The company may now offer autonomous vehicle rides as long as it has human safety operators in control of its vehicles.

Uber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook
Posted on Monday August 02, 2021

The Delta variant complicates efforts by Uber and Lyft to achieve profitability this year on a basis of adjusted earnings before interest, taxes, depreciation and amortization.

Used Car Market

Penske, Cox develop used-vehicle online buying platform
Posted on Thursday July 22, 2021

The tool, Esntial Commerce, has been rolled out initially at Penske's CarShop used-vehicle stores before a planned expansion to franchised dealerships.

Used-vehicle prices poised for peak in U.S. after pandemic surge
Posted on Thursday June 24, 2021

The bellwether of the industry -- the wholesale market where dealers buy and sell in bulk -- has already topped out and prices of individual secondhand cars should follow in a matter of weeks.

CarLotz shares start trading after reverse merger
Posted on Friday January 22, 2021

The company began trading shares Friday under the "LOTZ" ticker symbol. CarLotz CEO Michael Bor said going public should help raise the online used-car retailer's profile and visibility.

Used-car consignment store CarLotz to go public via merger
Posted on Wednesday October 21, 2020

The deal would make CarLotz the third major U.S. online car seller to go public this year, following in the trails of Vroom and Shift Technologies as online vehicle sales boom during the coronavirus pandemic.

Cars.com looks to shed part of Chicago headquarters
Posted on Wednesday September 16, 2020

The move comes four months after the company announced a round of layoffs triggered by the COVID-19 crisis.


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