Why CarGurus is buying a majority stake in CarOffer
CarGurus said it agreed to buy a 51 percent stake in CarOffer, a wholesale trading platform founded by auto retail tech entrepreneur Bruce Thompson. CarGurus is investing $140 million for...
Hyundai Ioniq 5 EV Is Incoming, As Evidenced By This Vague Teaser
There's a whole lot we don't know about Hyundai's upcoming Ioniq 5, and the Korean company's teaser for the new electric vehicle doesn't lend much in the way of new...
Why Lincoln, Mini top J.D. Power Sales Satisfaction Index
J.D. Power calculates satisfaction on a 1,000-point scale based on delivery process, dealer personnel, working out the deal, paperwork completion, dealership facility and dealership website. J.D. Power said the study...
GM joins group pledging 1 million Black hires in a decade
A new group that includes General Motors, Merck & Co. and Walmart Inc. is pledging $100 million in an effort to hire 1 million Black workers during the next decade,...
Ferrari CEO Camilleri steps down
Ferrari CEO Louis Camilleri is retiring from the role, effective immediately. Camilleri, 65, is stepping down for personal reasons, Ferrari said in a statement on Thursday. Ferrari's Executive Chairman, John...
Hyundai introduces dedicated fuel cell brand ‘HTWO’
Hyundai Motor Group on Thursday said it is launching a brand dedicated to its hydrogen fuel cell system in a move meant to boost that business. Hyundai Motor Group, which...
2022 Acura MDX’s Base Price Rises by More Than $2,000
While the 2020 Acura MDX started at $45,525 (and $56,025 for the sportier MDX A-Spec), the 2022 MDX starts at $47,925. That's a $2,400 jump in price. As before, the...
New-vehicle sales advance 11% in Nov., CAAM estimates
New-vehicle sales in China kept growing at a double-digit pace for the third straight month in November, the China Association of Automobile Manufacturers estimates. Automakers in China delivered some 2.73...
2021 Jaguar F-Type Heritage 60 First Look: The Swingin’ Sixties Are Back!
British sports cars don’t come more iconic than 1960s MGs, Triumphs, and the like, cars from an era freewheeling and carefree enough to support a hazily positive view of the...
Toyota names Lisa Materazzo to brand’s top N.A. marketing job
Toyota Motor North America will promote a longtime marketing executive to group vice president for Toyota marketing, succeeding Ed Laukes, who announced his retirement in November. Lisa Materazzo, 52, vice...