Recent News

Nissan planning next-gen awd EV powertrain … and an avatar

The tech offerings underscore Nissan's push to promote itself as a leader in the burgeoning fields of electrification, autonomous driving and connectivity. ... Read More »

Tesla net income falls 54%; China pre-production under way

Tesla said Model 3 production surged 50 percent to 79,837 vehicles and announced that pre-production has begun at the company's new plant in China. Tesla said global inventory stood at 17 days, down from 31 days at the same point last year.  ... Read More »

Lithia’s adjusted Q3 profits rise on record revenue

Lithia's stock price rose 17 percent Wednesday, to $152.85 at market close. In 2019, Lithia has acquired seven stores, from which the retailer anticipates annual revenues exceeding $475 million. ... Read More »

2020 Detroit auto show mobility challenge participants named

The selected companies will provide autonomous services for attendees to travel between TCF Center in Detroit and destinations around town, including transportation hubs, hotels and restaurants. ... Read More »

Zotye Signs Dealers in 100 U.S. Markets

The U.S. division of Chinese electric vehicle manufacturer Zotye Automobile announced it has signed agreements with 100 U.S. dealers in advance of its planned 2021 debut. ... Read More »

Deal would drop UAW lawsuit over GM plant closures

The UAW argued that GM violated its contract by "unallocating" products from the Lordstown Complex in Ohio, Baltimore Operations in Maryland and Warren Transmission in Michigan. ... Read More »

Veoneer’s Q3 loss widens on industry slowdown

A deep slump in auto production has hit Veoneer and the wider automotive industry hard, forcing the company to raise capital earlier this year to shore up its balance sheet. ... Read More »

Mini Dealers Get Flat-Rate Auto Finance Program

Mini Financial Services has launched Flipped Financing, a new captive finance option billed as a simplified, low-pressure, single-rate approach for dealers, finance managers, and customers. ... Read More »

Assurant/VAS Partnership Promises Improved Roadside Assistance

Assurant has teamed with Vehicle Administrative Services to bolster its Assurant Resource Automotive division’s roadside assistance offering with enhanced customer service and reporting. ... Read More »

FTC Report to Congress Details Fraud Reports from Older Consumers

Consumers 60 and older report losing money to scams less often than younger adults, but when they do lose money, they report higher individual losses A new report from the Federal Trade Commission shows that adults aged 60 and older are less likely to report losing...

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