Rivian Q3 earnings: $1.7B net loss on $536M in revenue
Demand remains strong for Rivian Automotive Inc.'s R1T pickup and R1S SUV, CEO RJ Scaringe said after the automaker posted a $1.7 billion third-quarter net loss and pushed back the...
Judge approves $80 million Porsche U.S. settlement
WASHINGTON - A U.S. judge on Wednesday granted final approval to a class-action settlement worth at least $80 million to resolve claims Volkswagen Group and its Porsche unit skewed emissions...
Dealer Jimmy Ellis dies at 67
Georgia dealer Jimmy Ellis, CEO of Jim Ellis Automotive Group, died Saturday at a hospital in Roswell, Ga. He was 67. No cause of death was shared. All Jim Ellis...
Ford dealers are right to balk at EV requirements
Ford's requirement that its dealers invest up to $1.2 million in their businesses to prepare to sell EVs is not at issue — dealers understand that investments are needed to...
Nissan quarterly earnings: Profits soar on better pricing
TOKYO – Operating profit at Nissan Motor Co. rose 45 percent in the latest quarter, as a more profitable mix of product and foreign exchange gains offset high costs and...
EV registrations in U.S. rise 57% in September
Tesla has parlayed early-mover advantage into a mile-long lead over the auto industry in electric vehicle sales. But the Empire is beginning to strike back with a battalion of competitively...
Nissan dealers warned of production cuts at key U.S. plant
A separate supplier memo obtained by Automotive News specifically outlined cuts at Nissan's Canton, Miss., factory. Line 1, which assembles the Titan full-size and Frontier midsize pickup, will run production...
Shift Technologies Q3 earnings: Losses grow to $76M
Shift eliminated its test drive offering and focused on selling through its online checkout channel in the third quarter — key parts of its previously announced restructuring plan, Clementz said....
Volvo EX90 flagship EV to carry big sales load in U.S.
The EX90 will be sold alongside the mild and plug-in hybrid versions of the XC90 crossover. With its new EV, Volvo joins a bustling segment in which Tesla, Mercedes-Benz and...
Multiple dealerships sell across 5 states
Gilchrist Automotive on Sept. 26 acquired its first Oklahoma dealership by purchasing Toyota of Lawton as the group also returned to the Toyota brand after more than two decades. The...