Swickard Auto Group buys 5 California dealerships
Growing Swickard Auto Group, fresh off its August entrance into Southern California, strengthened its presence in that region with its Monday purchase of five dealerships and is slated to buy...
Ford, China’s CATL mull U.S. battery plant
The Treasury Department is scheduled to issue guidance finalizing the content requirements and tax credits of the IRA by the end of this month. ‘Still deliberating’ “CATL is still deliberating...
GM recalls more than 825,000 vehicles in N.A.
WASHINGTON — General Motors is recalling more than 825,000 vehicles in the U.S. and Canada because the daytime running lights may not turn off when the headlights are on. Vehicles...
Stellantis dealers seek compensation over China Jeep failure
Cao Wei, president of Lianyungang Xuncheng Auto Sales and Service, and one of the letter's organizers, told Reuters that more dealers would join the petition and estimated they would ultimately...
1 dead in shooting at Forvia plant near Detroit
A shooting Wednesday at an automotive supplier plant near Detroit left one man dead, according to police. An argument among employees began Wednesday morning inside the Forvia plant in Highland...
Russia’s car market turns to China for revival
“The automotive industry has seemingly become a leading indicator for the Russian economy, as it reacted most quickly to the changed economic conditions,” said Olga Belenkaya, economist at Finam. Still,...
Fed downshifts to half-point hike, sees 5.1% rate next year
The Federal Reserve downshifted its rapid pace of interest-rate hikes while signaling that borrowing costs, now the highest since 2007, will rise more than investors anticipate as central bankers seek...
Canada’s Lion Electric looks to raise $50M from stock offering
Canadian electric vehicle maker Lion Electric Co. plans a $50 million stock offering to strengthen its balance sheet and expand factories. The Montreal company said the expansion will focus on...
2023 Audi Q8 E-tron gets a big range boost
BRUSSELS — In a major makeover, the Audi E-tron is getting a new name, a new look and substantial improvements that address what was considered its major drawback when it...
Redwood plans massive $3.5B EV battery materials plant
Redwood Materials plans to invest $3.5 billion to build a battery materials plant in South Carolina. The factory at Camp Hall commerce park in Ridgeville, S.C., will conduct recycling, refining...