Tag: automotive industry news
Ed Morse Automotive Group acquires three dealerships in Texas
The Ed Morse Automotive Group announced today that it has acquired three dealerships in Fairfield, Texas. The dealerships were purchased from Foundation Automotive Corp.
The...
Predicting shifts in the electric vehicle segment — Jessica Stafford |...
The electric vehicle segment has undeniably reshaped the way the automotive industry and its consumers think about mobility. However, while the technology is exciting,...
What car buyers expect from their dealership experience — Rusty West...
In this era of fast-paced technological innovation and evolving consumer expectations, the retail automotive industry has found itself at the crossroads of providing a...
Ally Financial CEO Jeffrey J. Brown steps down to become president...
Ally Financial announced today that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of...
Auto loan accessibility improves for third consecutive month in September
Auto loan and credit accessibility improved for the third consecutive month in September, according to Cox Automotive's Dealertrack Credit Availability Index.
After a slight decline...
Hours after Canadian union initiates strike, GM reaches tentative deal
In the evening of October 10th, just hours after 4,300 workers at three General Motors facilities in Canada went on strike, the Canadian union...
Stellantis and Samsung announce new electric vehicle battery plant
Stellantis and Samsung SDI today announced plans to build another electric vehicle battery factory in Kokomo, Indiana.
With this move, the companies will eventually operate...
Q4 strategies to boost dealership profits — Aaron Bickart | OfferLogix
Vehicle inventories have grown over the last year as supply chains around the world have improved but at the expense of dealership profits. After...
New partnership to build AI-powered semiconductors for automotive sector
South Korean tech startup BOS Semiconductors has formed a partnership with U.S. artificial intelligence hardware company Tenstorrent to develop semiconductors for use in vehicles...
BMW breaks quarterly electric vehicles sales record
BMW broke its previous electric vehicle sales record in the U.S. as overall sales rose 8% year-over-year during the third quarter.
From July through September,...