Kia suit claims Rally Auto Group improperly sold Calif. dealership
When Rally Auto Group sought to sell the assets of its Palmdale, Calif., Kia dealership last fall, Kia America said no — twice citing the omission from the prospective buyer's...
SEC subpoenas Tesla | Automotive News
Tesla Inc. received another subpoena from the U.S. Securities and Exchange Commission about a subject that keeps coming up: CEO Elon Musk's tweeting in 2018 that he was considering taking...
Subaru’s quarterly profit hit by chip crisis as production, sales fall
TOKYO -- Subaru profits plunged by two-thirds in the latest quarter as crimped production and falling sales hammered results, driving backorders higher and forcing the automaker to cut its earnings...
Faurecia targets sales of more than $37B in 2025 as it seals Hella deal
PARIS -- Frech auto supplier Faurecia said its new combination with Hella would result in it aiming for sales of above 33 billion euros ($37.72 billion) in 2025, and an...
Faurecia, Hella combination to be known as Forvia
PARIS -- After Faurecia's acquisition of a controlling stake in Hella, the combined company will be known as Forvia, the two suppliers said Monday. Faurecia and Hella will continue to...
Top auto supplier Bosch wants to transform everything
But finding all the necessary people to execute this vision has proved difficult amid a global labor shortage, particularly in high-tech jobs in software engineering and data analytics. Mansuetti said...
Subaru’s quarterly profit hit by chip crisis as production, sales fall
TOKYO -- Subaru profits plunged by two-thirds in the latest quarter as crimped production and falling sales hammered results, driving backorders higher and forcing the automaker to cut its earnings...
Chip shortages continue to pinch auto sales
Toyota Motor Corp., the market's top seller in 2021, posted its smallest decline since August with a 5.1 percent dip last month. It ended January with a 19-day supply of...
Big Jeep SUVs find room to grow
Sam Fiorani, vice president of vehicle forecasting at AutoForecast Solutions, said large utility vehicles are "huge profit centers," and that Jeep's customers are among the wealthiest out there."By moving the...
Dealership wait a sore point for car buyers
Consumers clearly want to spend less time buying a car or truck.At the same time, the purchase process often still gets held up, for such reasons as dealership employees having...