CarBravo used-car online sales platform gives GM options
"That's very good coverage if you compare us to Carvana, CarMax or the like," Carlisle told Automotive News.Cox Automotive estimates that half of all used retail sales — or about...
Ford, Nissan dealerships sell in four states
Krause Auto Group of Alpharetta, Ga., north of Atlanta, in March bought its 13th dealership, the former Clinton Family Ford, in Rock Hill, S.C. The dealership, purchased on March 28...
Lucid delivers just 360 EVs in Q1; price hikes loom after $598M operating loss
In first quarter financial results, Lucid posted a $598 million operating loss on revenue of $57.6 million. Because of a $523 million improvement in the value of its common stock,...
Nikola Q1 earnings: Net losses widen to $153 million
Nikola Corp. reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks. The company said its net...
IIHS considers higher-speed test to evaluate automatic emergency braking systems
WASHINGTON — The Insurance Institute for Highway Safety is weighing whether to increase the test speed used to evaluate automatic emergency braking systems as it looks for ways to encourage...
Lucid to raise vehicle prices after $598 million Q1 operating loss
Startup electric automaker Lucid Group Inc. on Thursday raised prices for most models from June after it posted a $598 million operating loss for the first quarter. The automaker said...
Mark Stewart: Michigan ‘absolutely’ still in contention for new Stellantis EV plant
Michigan remains in contention for a new Stellantis electric vehicle battery plant as the automaker completes the final analysis before an anticipated announcement of a site. Stellantis COO Mark Stewart...
Adient swings to $81 million net loss in latest quarter
Automotive seating supplier Adient said earnings swung to a loss and revenue fell 11 percent for its fiscal second quarter as a variety of industry headwinds hurt results. The company...
Cars.com posts lower profit, higher revenue in Q1
Dealership technology company Cars.com posted a smaller profit in the first quarter than a year earlier on slightly higher revenue. Chicago-based Cars.com on Thursday reported net income of $4.3 million...
GM supplier Glencore to invest $200M in GM battery recycling partner Li-Cycle
The recycling company is currently building out its North American recycling network, with construction under way on a series of battery shredding sites, as well as a “hub” in Rochester,...