Group 1's net income fell, while revenue and new- and used-vehicle sales grew.
Continue Reading the above article 'Group 1 net income falls nearly 7% in Q1 as it ram...
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter.
Continue Reading the above article 'Lithia Q1 net income down 28% as margins slip...
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares.
Continue Reading the above article 'CEO Mary Barra's pay declined 3.9% to $27.8 millio...
The ID UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code crossover concept ahead of the Beijing auto show.
Continue Reading the above article 'VW to launch youth-focused EV brand for China...
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible.
Continue Reading the above article 'Vroom CEO: ‘Gut-wrenching' decision to end onlin...
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week.
Continue Reading the above article 'Judge deals blow to Stellantis in supplier pricing...
The G 580 retains the iconic boxy ladder frame design but ditches a combustion engine for a quartet of electric motors and a hefty 116-kilowatt-hour battery.
Continue Reading the above article 'Mercedes explores electric frontier with G-Wagen o...
Adient is cutting jobs in Europe and transferring other roles to countries with lower labor costs, becoming the latest parts maker to eliminate positions in the region.
Continue Reading the above article 'Seating supplier Adient plans European job cuts as...
"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms," Tesla said in its first-quarter report.
Continue Reading the above article 'Tesla says it will accelerate new products after Q...
The Vietnamese automaker says it now has 18 stores across seven states. The new locations will start selling the VF 8 crossover and later receive the bigger VF 9 and smaller VF 7 models.
Continue Reading the above article 'VinFast adds 12 U.S. dealerships, including 5 in F...