Acura Integra priced just below $32,000
Pricing for Acura's 2023 Integra compact sport sedan will start at $31,894, including shipping, when the nameplate returns to the market in early June. The price puts the fifth-generation Integra...
Plastic Omnium agrees to acquire units of lighting supplier Varroc for $634 million
Varroc’s lighting division lost money in 2021, largely because of underutilized production capacity, Plastic Omnium CEO Laurent Favre said, adding that utilization rates are about 50 percent. Sales were about...
Carvana stock plunge signals concerns over inflation, higher interest costs
Carvana’s “financing is done but costly and kicks the liquidity can down the road,” Bloomberg Intelligence’s credit analyst Joel Levington said. “What is left is a vulnerable balance sheet, a...
Musk unloads $4 billion worth of Tesla stock
Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc. The Tesla chief executive officer offloaded 4.4 million...
Acura prices new Integra just below $32k
Pricing for Acura's 2023 Integra compact sport sedan will start at $31,894, including delivery, when the nameplate returns to the market in early June. The price puts the fifth-generation Integra...
EV sales likely won’t meet demand due to supply chain snags
Automakers are trying to keep up with — or get ahead of — demand, committing tens of billions of dollars to new EV assembly plants and battery factories set to...
Asbury raises 2025 revenue target to $32B, up from $20B
Under its expanded targets, Asbury forecasts it will have about 225 new-vehicle dealerships by the end of 2025, up from 148 today. The retailer had 91 dealerships in 2020 when...
UAW, green lobby sue Postal Service over ICE delivery vehicle purchase plans
In March, USPS said it had placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp. -- and had doubled its planned EV purchases from 5,000...
Expanded EV tax credit questioned by key swing vote senator Manchin of W.Va.
Last year, many Democrats in Congress and President Joe Biden proposed boosting EV tax credits to up to $12,500 -- including a $4,500 incentive for union-made, U.S. assembled vehicles. Manchin...
Rise in catalytic converter thefts fills up dealership service departments
There has been a sharp increase in the number of catalytic converters being stolen across the country, resulting in vehicles stacking up in dealership service departments as customers endure costly...