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Lithia Motors successfully reduced expenses and anticipates saving an additional $100 million in 2025, increasing the total savings.

Lithia Motors surpasses cost-cutting target, achieves $200M in savings

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According to COO Adam Chamberlain, Lithia Motors successfully reduced expenses by $200 million by the end of the third quarter, surpassing its original cost-cutting...
lithia motors

Lithia Motors aims for $150 million in annual savings through targeted...

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Lithia Motors is set to achieve an annual savings of $150 million through strategic layoffs and other employee cost reductions this quarter, as confirmed...

Stellantis full-year profits increases, GM’s Super Cruise expands self-driving range, Lithia...

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Inside Automotive  How dealers can harness 'Talk Triggers' to boost customer retention – Jay Baer On today's episode of Inside Automotive, we are joined by Jay...
Kyle McKinzie is a Duluth, Minnesota native who works as the managing partner of the Kruse Motors Auto Group in Marshall, Minnesota.

40 under 40 Honoree: Kyle McKinzie | Kruse Motors Auto Group

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Kyle McKinzie is a Duluth, Minnesota native who works as the managing partner of the Kruse Motors Auto Group in Marshall, Minnesota. McKinzie's career...
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S.

Ken Garff scoops up 7 Hawaiian dealerships, Lithia Motors purchases Ford,...

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M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S., which include the following...

GM and Stellantis team up, new Scout Motors designer, Delaware ICE...

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Inside Automotive How leveraging AI can improve dealership operations- David Kain | Kain Automotive We’ve heard a lot about artificial intelligence within our industry, but how...

Kinsel Motors sells 4 stores, The Khoury Group acquires Don Elliott...

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Dealership mergers and acquisitions have remained remarkably active so far this year, even in the face of substantial economic challenges that gained steam in...

Sony Honda Mobility announces EV plans, 2024 Chevrolet Trax, Lucid Motors...

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Inside Automotive: Exclusive: A look inside AutoNation's 6th annual Drive Pink Across America Day Each year the month of October is recognized as National Breast Cancer...
Endurance

Lordstown Motors starts production of Endurance electric pickup after delay

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Lordstown Motors announced it has started commercial production on its highly anticipated Endurance EV pickup. The relatively new company received initial financial backing from...
Lordstown Motors

Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans...

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Lordstown Motors has a new CEO and the announcement is making history. The electric vehicle startup appointed Edward T. Hightower into this role, making...