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GM uses dealer feedback to implement online sales platform

Since Frank Kent Motor Co.'s Cadillac dealerships joined a pilot for General Motors' new online sales tool a year ago, the Texas group has realized two positive trends.The platform saves time because customers can select a vehicle, configure a down payment, value a trade, and choose finance and insurance products on their own or with a sales employee, said Aaron Hoernke, the group's marketing … [Read more...]

2024 Automotive Hall of Fame induction: A night to remember

Family, friends and colleagues gathered at Michigan Central Station, recently revitalized by Ford Motor Co., in Detroit on Sept. 14 to celebrate this year's seven inductees into the Automotive Hall of Fame. /cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js Betsy Ancker-Johnson was the first female vice president in the automotive industry, hired in 1972 by General Motors. … [Read more...]

Northvolt hits new battery milestone even as cash woes mount

Northvolt has hit a new high for the production of lithium-ion battery cells at its main plant in Sweden, even as the company scales back some operations to address a financing crunch. The group produced 60,000 cells at the Skelleftea site last week, its highest tally ever, meaning that production has increased threefold since the start of the year, spokesperson Matti Kataja said. “We now need to … [Read more...]

How much auto demand will the Fed's 0.5-point rate cut produce?

The Federal Reserve's lowering of its benchmark rate target 0.5 points could reduce the market interest rates that Cox Automotive polling indicates are dealerships' No. 1 challenge. But while experts said the Fed's action on Sept. 18 would draw some consumers back to the auto market, it was unclear whether a corresponding half-point drop in auto interest rates would be enough to unleash the demand … [Read more...]

Stellantis chair John Elkann has assets seized over alleged tax fraud

MILAN — An Italian judge has seized assets worth about €75 million ($84 million) from five people including Stellantis and Ferrari Chairman John Elkann over an investigation into alleged tax fraud, the Turin prosecutor's office said on Sept. 20. The investigation, opened earlier this year, alleges Elkann and his siblings did not pay taxes in Italy on assets they inherited after the death in 2019 … [Read more...]

Stellantis chair Elkann targeted in $84 million seizure over alleged tax fraud

MILAN — An Italian judge has seized assets worth around $84 million from five people including Stellantis and Ferrari Chair John Elkann over an investigation into alleged tax fraud, the Turin prosecutor's office said on Friday. The investigation, opened earlier this year, alleges Elkann did not pay tax on assets he and his siblings inherited after the death of their grandmother in … [Read more...]

GM uses dealer feedback to implement online sales platform

Since Frank Kent Motor Co.'s Cadillac dealerships joined a pilot for General Motors' new online sales tool a year ago, the Texas group has realized two positive trends. The platform saves time because customers can select a vehicle, configure a down payment, value a trade, and choose finance and insurance products on their own or with a sales employee, said Aaron Hoernke, the group's marketing … [Read more...]

Stellantis taking heat from dealers, UAW amid EV push

UAW President Shawn Fain said it's not every day that the union finds itself on the same side as dealers.But the two groups have become united in their belief that Stellantis CEO Carlos Tavares is mismanaging the world's fourth-largest automaker.Dealers say "reckless short-term decision-making to secure record profits in 2023" has left them "anemic and diminished," piling up inventory as U.S. … [Read more...]

The Top-10 Selling SUVs, Subaru Forester Isn’t Close To the Top, Is It The Best?

Follow us today...       Should you buy a new SUV because of its popularity? A best-selling SUV does not necessarily mean it's best for you and your family. Discover why the 2025 Subaru Forester, a unique and standout choice, could be your top pick now. U.S. News says, "When you think of SUVs, a few models likely spring to mind, like the Toyota RAV4 and Honda CR-V, or … [Read more...]

Tesla Cuts FSD Prices to as Low as $4,500 – Owners Who Paid $15,000 Demand a Refund

Follow us today...       In an update to the company’s online configurator, Tesla has instituted a wide-ranging price cut on the full self-driving software package. The FSD price cuts apply to both new and lightly used demo vehicles. Tesla investor and personality Sawyer Merritt first noticed the price cut; in a now-deleted X post, Sawyer wrote… “BREAKING: Tesla has … [Read more...]

Busting a Myth – Hybrid-Electric Vehicles Don’t “Just Run on Fossil Fuels”

Follow us today...       As hybrid-electric vehicles continue to outpace battery-only vehicles in popularity in the American market, the discourse over which technology is “better” is heating up. Before we proceed, I will reveal that my personal view is that there now exists a wide range of fantastic green powertrain options from which to choose, and I’m glad that the … [Read more...]

Maruti Suzuki Fronx crosses the 2 lakh sales milestone in 17 months since launch

By: HT Auto Desk | Updated on: 20 Sep 2024, 18:51 PM Share via: <!--The Maruti Suzuki Fronx has crossed the two lakh sales milestone in 17 months of its launch in April 2023 with the last 50,000 units clocked in the last 2.5 months. --> The Maruti Suzuki Fronx has crossed the two lakh sales milestone in 17 months of its launch in April 2023 with the last 50,000 units … [Read more...]