Renault, Nissan set to announce alliance redesign on Monday
Renault Group and Nissan Motor Co. will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the companies. The deal will reshape the two-decade-old alliance to...
Shift Technologies sheds East Coast stores
Online used-vehicle retailer Shift Technologies Inc. said Thursday it was shedding its physical stores on the East Coast, which it obtained through its December merger with used-vehicle consignment company CarLotz...
VinFast delays U.S. car deliveries to late February
HANOI -- Vietnam's electric automaker VinFast said on Friday it will delay deliveries to its first U.S. customers to the second half of February after it finishes updating the vehicles...
Why this key Toyota supplier is cutting its profit forecast
TOKYO -- Japan's Denso Corp., a key supplier and affiliate of Toyota Motor Corp., on Friday slashed its annual operating profit forecast by 12.5 percent as it warned a chip...
Mercedes-Benz USA marketing boss Drew Slaven departs
ATLANTA — Mercedes-Benz USA's longtime marketing boss and onetime interim CEO Drew Slaven has left the company. In a memo to the brand's dealers reviewed by Automotive News, Mercedes-Benz USA...
Lear Q4 earnings: Net income surges to $118M
Lear shares slipped 2.5 percent to $145.76 in afternoon trading. The company achieved a $1.8 billion backlog in its core seating business through 2025 and about $1 billion in its...
Ford Q4 earnings: Net income falls 89% to $1.3 billion
Ford's fourth-quarter adjusted EBIT rose 25 percent to $2.6 billion. The automaker's adjusted profit margin rose slightly to 5.8 percent while revenue in the quarter grew to $44 billion. The...
Asbury spends $2.7M in Q4 pursuing ‘significant’ but unconsummated acquisition
Hult said most acquisitions prospects — including this target — weren't the size of Larry H. Miller. "They're extremely rare," Hult said of such megadeals. On a scale between a...
Could Sony-Honda vehicles get sold, serviced by competitors?
The executives said the auto industry is on the verge of change. Sony, inventor of the Walkman, and Honda, purveyor of the breakthrough CVCC engine used in the first-generation Civic,...
Parks Automotive buys 2 Stellantis dealerships
Parks Automotive Group, bolstered by an undisclosed investment from Franchise Equity Partners, has expanded its North Carolina operations, company President Adam Parks said. Jack and Robin Salzman on Jan. 18...