Stellantis said it's investing $99 million at three plants to produce a new 1.4-liter turbocharged engine that has "flexibility for hybrid-electric vehicle applications." The automaker is making the investments at...
Nikola Corp has agreed to buy battery supplier Romeo Power Inc. for about $144 million in stock, the electric truck maker said on Monday, in a move that will help...
Stroll has been striving to lift margins at Aston Martin and help it become more like rival Ferrari, bringing in former Ferrari top boss Amedeo Felisa as its company's CEO...
Israeli startup REE Automotive and commercial vehicle builder J.B. Poindexter & Co. launched live demonstrations of their Proxima proof-of-concept electric delivery van last week. It is the first fully drive-by-wire...
CarShop's second-quarter revenue increased 15 percent to $468 million on sales of 20,124 vehicles, up 7 percent.Penske operated 21 CarShop outlets in the quarter, after it in May closed two...
Stellantis CFO Richard Palmer was less optimistic about chip supplies than other automaker executives, forecasting that they'll remain scarce through the rest of 2022. "I think it's improving," he said,...
"We are talking to a completely new customer," Maric said. The idea that dealership groups would want a single, core brand that they can use to differentiate themselves online from...
Rivian is gearing up for the task, with 21 service centers now open in U.S. metropolitan areas, such as Atlanta, Chicago, Denver, Houston, Las Vegas and Orlando. Half a dozen...
The dealership, which sold 1,718 new and used vehicles last year, has been working to fine-tune its messaging around the experience. It initially branded the tool on its website as...
"It became evident that our customers are asking about these things and they're really trying to figure it out," Walsh said. "They're trying to make sure that they're compliant and...
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