Tag: auto industry news
EV brand Bollinger Motors signs deal with LaFontaine dealership group
Electric vehicle startup Bollinger Motors has formally announced its first-ever retail partnership with LaFontaine Automotive Group, a dealership with multiple locations in Michigan.
The new...
Treasury says new electric vehicle credit process seeing early success
The U.S. Department of Treasury has distributed $135 million in electric vehicle credit reimbursements to car dealers since the start of the year after...
Sonic Automotive doubles annual profit as margins face pressure
Sonic Automotive saw earnings and revenues rise over the course of 2023 even as profitability headwinds put downward pressure on margins, according to the...
UAW endorses Biden, boosting his campaign for reelection
On January 24, the United Auto Workers union backed President Joe Biden, a long-awaited move that significantly boosted the president.
The endorsement comes as the...
Boost your dealership’s profitability with advanced, customizable digital reports — Todd...
More than ever, dealers are relying on technology to help them run their businesses, serve their customers, and help employees reach new heights. But...
UAW Pres. scolds Stellantis for laying off 539 temporary employees
During a recent Facebook livestreaming event, President of the United Auto Workers (UAW), Shawn Fain, referred to Stellantis' recent decision to terminate roughly 539...
VinFast debuts midsize truck and electric utility vehicle at CES for...
Vietnamese automaker, VinFast, unveiled two cars at the Consumer Electronics Show (CES) in Las Vegas this year. A midsize pickup truck, similar to the...
Kia, Ford, Toyota models dominate auto segments at NACTOY
The winners of the 2024 North American Car, Truck, and Utility of the Year (NACTOY) awards are now finalized, offering insight into the vehicles...
Ford to recall nearly 113,000 F-150s due to defective rear axle
Detroit automaker Ford is planning to recall nearly 113,000 of its best-selling F-150 pickup trucks due to a defective rear axle hub bolt.
A National...
Mobileye predicts headwinds for 2024 self-driving market
The automotive chip market is set to take a downturn in 2024, following a new report from self-driving technology company Mobileye.
In its forecast for...
