U.S. auto fleet fuel efficiency flat in 2021
WASHINGTON - The U.S. new vehicle automotive fleet's fuel efficiency was flat in the 2021 model year as automakers sold more sport utility vehicles and pickup trucks compared to cars,...
Hudson Automotive gets 9 dealerships in Asbury deal
Megaretailer Asbury Automotive Group Inc. divested nine dealerships on Dec. 5, selling the North Carolina stores to Hudson Automotive Group of Charleston, S.C., according to Hudson President David Hudson. Representatives...
AutoNation to buy mobile service provider RepairSmith
AutoNation Inc. has agreed to buy RepairSmith, a mobile automotive repair and maintenance provider. The $190 million deal, made public Monday, is expected to close in the first quarter of...
Toyota might delay some EV programs, report says
Toyota is expected to outline adjustments to its electric-vehicle strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders...
Geely’s premium EV brand Zeekr seeks over $1B in U.S. IPO, report says
HONG KONG -- Zeekr, Chinese automaker Geely's upmarket electric car brand, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with...
Data analytics can help unlock EV battery bottlenecks
SAN DIEGO — To bring new technologies to market faster, electric vehicle battery makers need to manage data in creative ways and consider different business models, industry executives said the...
Mercedes, Rivian pause plan for electric van JV in Europe
The VAN.EA platform will be used for full-electric medium and large commercial vans, Mercedes has said. By 2025, all newly introduced Mercedes van models will be only electric. In addition...
Stellantis to make solar power push at southeast Michigan operations
Stellantis is looking to solar power to help cut its carbon footprint. The automaker said it has made a clean energy commitment to add 400 megawatts of new solar projects...
U.S. completes $2.5 billion loan to GM, LG battery joint venture
WASHINGTON - The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors and LG Energy Solution to help...
Grinch drives off with Ford dealership’s toy donations
A volunteer with a Secret Santa organization in Ohio was charged last week with stealing bags of toys that a Ford dealership had collected from its customers. The theft prompted...