Tesla shares in the limelight as 3-for-1 stock split kicks in
Tesla Inc.'s shares take center stage on Thursday after the world's most valuable automaker split its stock for the second time in as many years to woo more retail investors....
Toyota has removed Hino from Japanese truck consortium after emissions scandal
TOKYO -- Little more than a year ago, Toyota Motor Corp.’s truck-making subsidiary Hino Motors entered into a Japan-wide commercial vehicle consortium to speed the shift to electrification. Now, after...
Group 1 CEO Earl Hesterberg to retire at year’s end
17 years at Group 1 Hesterberg came to Group 1 in April 2005 from a career at automakers, including Ford Motor Co. and Nissan Motor Co. Prior to entering auto...
FTC rejects requests from NADA, others for more time to comment on car dealer rules
The Federal Trade Commission on Tuesday refused to extend the public comment period on its proposed auto dealer regulations despite requests from the National Automobile Dealers Association and other trade...
Why Ford is delaying investments in Spain
No jobs will be cut at its plant in Valencia for now, a Ford Spain spokesperson said, although the automaker has long said there will be some restructuring of its...
Fired employee sues N.H. dealership alleging COVID-19 law violation
A fired employee of a New Hampshire Chevrolet dealership is suing his former employer, alleging his rights were violated under the Families First Coronavirus Response Act, among other laws. The...
GM Financial switching to Safe-Guard for car dealer F&I products
GM Financial will replace its General Motors-branded finance-and-insurance product portfolio in the fourth quarter with a new lineup developed with Safe-Guard Products International. Safe-Guard will replace the Amynta Group as...
Shottenkirk Automotive buys Honda, Nissan and Hyundai dealerships
Shottenkirk Automotive Group has added three dealerships in Georgia, buying a trio of import stores in Rome, a city northwest of Atlanta, near the Alabama border. Shottenkirk bought the former...
U.S. Bank ready to fund auto loans ‘instantly’ for more car dealers
U.S. Bank can pay more than 800 auto dealerships instantly after finalizing an auto loan, and the bank said Aug. 9 it's ready to extend these "real-time payments" to more...
China power crisis hits Tesla, Nio charging networks
China’s power crisis is affecting electric-car owners, with automakers including Tesla Inc. and Nio Inc. suspending some charging facilities. User apps show charging stations are down in Chengdu in...