Recent News

Tesla profit streak ends as woes mount

Tesla CEO Elon Musk warned investors the EV maker, facing slower U.S. sales and rising capital outlays overseas, expects to lose money again in the second quarter but return to profitability in the third quarter. In one positive sign, automotive revenue rose 36...

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Nissan names Cousseau head of U.S. sales amid N.A. management shuffle

Former Nissan Mexico President Airton Cousseau will take over U.S. sales and marketing effective July 1, Nissan said. ... Read More »

Lithia posts record-high revenue, net income gain in Q1

Even as its new-vehicle sales slowed and new-vehicle margins tightened, Lithia Motors Inc. reported a gain in net income and record-high revenue in the first quarter. ... Read More »

Speedway Motorsports founder Bruton Smith seeks $734M buyout

Speedway Motorsports founder Bruton Smith proposed to buy out the company for about $734 million, a move that would take the U.S. racing-track owner private after almost a quarter century. ... Read More »

CarMD: Ignition Coils, Spark Plugs, O2 Sensors Caused Trouble in 2018

Car repair costs were up across all U.S. regions last year in CarMD’s latest Vehicle Health Index report, and ignition coils, spark plugs, and oxygen sensors tied for the lead in check engine repairs. ... Read More »

Gentex Q1 net income drops 6%

Auto mirror supplier Gentex said its net income for the first quarter was $104.3 million, down 6 percent from a year ago. ... Read More »

Ford Lease Prices Spike in Otherwise Steady April

Wantalease.com reports 75% of auto lease prices have remained largely flat so far in April, but several Ford models became more expensive after an incentive-laden March. ... Read More »

4 Ways to Turn Recalls Into Positive Customer Interactions

Recalls drive service revenue and bring customers back to the dealership. Why not take advantage? Expert lists four ways to turn your next recall event into a fun and profitable experience for everyone involved. ... Read More »

Ford’s $500M investment in Rivian to yield new electric vehicle

Ford plans to build a battery EV using Rivian’s flexible skateboard platform. The move comes weeks after talks between Rivian and General Motors reportedly broke down. ... Read More »

FTC Charges Surescripts with Illegal Monopolization of E-Prescription Markets

Company used its digital platform to impose anticompetitive vertical and horizontal restraints on commerce, leading to higher prices and reduced consumer choice, agency alleges The Federal Trade Commission sued the health information company Surescripts, alleging...

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