News

Product & Technology•by Staff•October 21, 2022

Data Shows 10 Recent Crash Deaths Involved Automated Driving Tech

All of the crashes involved Tesla-made vehicles.

Industry•by Staff•October 21, 2022

Toyota Cuts Fiscal-Year Production Target

Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.

Industry•by Staff•October 20, 2022

Lithia Reports Q3 Results

Profit, revenue were up but short of Wall Street forecasts.

F&I•by Staff•October 20, 2022

Q3 Ally Car Loan Applications Down But Value Unchanged

CEO acknowledges that greater market woes may be on the horizon.

Industry•by Staff•October 20, 2022

BMW Leader Blasts Push to Phase Out Gas Powered Vehicles

BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.

Industry•by Staff•October 20, 2022

Biden Administration Awards $2.8 Billion for EV Battery Production

The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.

Industry•by Staff•October 19, 2022

Dealership Group to Pay $3.3 Million to Settle Junk-Fee, Discrimination Case

FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.

Industry•by Staff•October 19, 2022

Stellantis in the Electric Business

Carmaker says it aims to produce own energy for manufacturing, as it debuts EV Jeep Avenger.

Sales•by Staff•October 18, 2022

Black Book: Weekly Market Report

Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.

F&I•by Staff•October 18, 2022

Hyundai, Kia Reveal Bad Q3 News

Korean carmakers say old recalls still affecting profits.

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