Section Page news and features from Automotive News
Worries loom for used-car marketMany dealers say high retail prices and rising interest rates create a one-two punch that will further discourage consumers concerned about affordability and potentially shut more of them out of the used-vehicle market.
01/29/23
Survey shows dealers increasingly worried about the economyDealers are increasingly worried about the possibility of recession even as improving inventory levels have them more optimistic about the new-vehicle business in 2023.
01/29/23
Lithia looks ready to buy Jardine MotorsLithia Motors is in talks to buy Jardine Motors in the U.K., Sky News reported earlier in January. One analyst says Lithia's entrance into the country seems highly likely.
01/29/23
Manchin's new bill latest snag in EV tax credit rollout Sen. Joe Manchin, D-W.Va., last week introduced legislation — dubbed the American Vehicle Security Act — that would amend the Inflation Reduction Act's consumer tax credit for new EVs so that the effective date of the required EV battery sourcing is no longer tied to Treasury's release of proposed guidance on the restrictions.
01/27/23
CDK's 'fit and focus' revamp strategy included some job cutsThe company's executives and new owner pursued targeted job cuts in late fall 2022 as part of its effort to address any downturn but also boost efficiency and innovation.
01/27/23
Elon Musk and Tesla power through regulatory, demand challenges Tesla and its divisive CEO, Elon Musk, face safety investigations, shareholder lawsuits and falling favorability among U.S. shoppers. But weak enforcement and price cuts are playing in their favor.
01/27/23
New Toyota CEO Koji Sato faces big challenges in critical new eraAs the head of the Lexus premium brand and Gazoo Racing motorsports division, Sato's mission was to break the boring-old Toyota mold by developing fun-to-drive cars that are stylish and cool.
01/27/23
Ford, GM options for EV dealers reshape retailWhile Cadillac and Buick are making dealers walk away if they don't want to sell EVs, Ford has allowed for more flexibility but received complaints from some state dealer associations.
01/27/23
Another rough year may be ahead for auto suppliers Suppliers have been through three years of challenges and setbacks. They might be in for a fourth.
01/25/23
Reynolds on long-term path to shed inflexible imageDealership technology giant Reynolds & Reynolds will unveil an updated logo and a demonstrate a more flexible attitude at the NADA Show this week.
01/23/23
Amid corporate turmoil, JLR dealers carry onThe upheaval at Jaguar Land Rover's corporate headquarters in the U.K. has not impacted dealers, says Larry Zinn, chairman of the company's Retailer Cabinet. CEO Thierry Ballore left abruptly last month.
01/22/23
Ram 1500 Revolution EV pickup concept includes 3rd rowExtra seating in the rear of the electric Ram Revolution concept could alter expectations of what a pickup is capable of and push rivals to carve out more passenger space as well.
01/22/23
Ram 1500 Revolution EV pickup concept includes 3rd rowExtra seating in the rear of the electric Ram Revolution concept could alter expectations of what a pickup is capable of and push rivals to carve out more passenger space as well.
01/22/23
Industry climate helps first-time dealers become ownersIn the backdrop of a bustling dealership buy-sell market that continues to see private groups and publicly traded auto retailers buying stores, a number of first-time buyers are joining them.
01/22/23
Automotive News hires dealers, retail technology reporterMark Hollmer most recently wrote about insurance and mortgage industry technology for Insurance Business America and Mortgage Professional America.
01/21/23
EV growth prompts Nissan to spend $250 million on U.S. engine plantNissan's upcoming investment in Dechard is part of the company's buildup of a U.S.-based EV manufacturing hub.
01/20/23
Tesla price cuts ignite a surge in shopping Tesla price reductions for the bestselling EV in America, the Model Y, represent a discount of $13,000 off the sticker price in addition to eligibility for the new tax incentive of up to $7,500. Shoppers are responding.
01/20/23
After repeated cuts, Toyota now plans a production comebackBy wrangling alternative semiconductor sourcing, building direct ties to chip makers and communicating more closely with suppliers, Toyota has gradually bolstered production plans.
01/19/23
VW sues in Illinois to block extra dealer warranty reimbursementsVolkswagen Group of America called a year-old provision of Illinois' franchise laws unconstitutional for making automakers pay consumer rates for dealer warranty work.
01/19/23
White hat hackers gain access to data at 7 more automakersAuto hackers penetrated BMW, Rolls-Royce, Jaguar-Land Rover, Mercedes-Benz, Porsche, Ferrari and Ford's customer and employee information.