Tag: automotive news
FTC and NADA clash over no-junk-fees CARS policy
The Federal Trade Commission (FTC) has voted to implement a new rule banning anti-consumer tactics and unwarranted fees in car sales, prompting a swift...
Asbury completes $1.2 billion acquisition of Jim Koons dealership group
Asbury Automotive Group has now fully acquired Jim Koons Automotive Companies, one of the largest privately-owned dealership groups in the U.S., for $1.2 billion.
The...
Ford cuts F-150 Lightning production on slowing EV demand
Ford plans to cut production of the F-150 Lightning electric pickup in response to lower-than-anticipated EV demand in the U.S.
The Detroit automaker said it...
Auto loan access hits speed bump in November after months of...
Auto loan access declined in November after multiple months of improving conditions, according to Cox Automotive's Dealertrack Auto Credit Availability Index.
After hitting a peak...
Ohio first state to open electric vehicle charging station with federal...
The first of the Biden Administration's government-funded electric vehicle charging stations has officially opened in Ohio following a two-year wait.
The EV charging station opened...
Why the electric vehicle market is taking forever to grow —...
The electric vehicle market has faced a tough year in 2023, with the initial excitement among automakers, consumers and dealers giving way to frustration...
United Auto Workers scores initial victory at non-union Volkswagen plant
The United Auto Workers union says 30% of Volkswagen employees at the company's Tennessee plant have joined the nationwide effort to organize labor across...
Dealer optimism hits new lows as industry adjusts to post-pandemic economy
Dealer optimism dropped significantly in the fourth quarter as the retail automotive sector wrestled with a normalizing car market and an oppressive economic climate.
According...
Explaining the electrification slump, and the keys to spurring EV adoption...
Stellantis, one of the world's largest car manufacturers, recently announced a partnership with EV infrastructure company Charge Enterprises in an effort to supercharge the...
Ford ICE sales dip in November as hybrids, EVs shine
Ford Motor Company's U.S. vehicle sales dipped in November on both a monthly and yearly basis as the automotive industry continues to grapple with...
