During the 2024 election campaign, President-Elect Donald Trump threatened a 10-per-cent tariff on global imports into the U.S. Source: autonews.com … [Read more...]

About 1,000 employees are affected globally, or less than 1% of GM's total global workforce, a source familiar with the situation told Automotive News. Source: autonews.com … [Read more...]

Nissan faces record debt bill with one year left to fix finances Source: autonews.com … [Read more...]

Toyota has a creative plan to add capacity for 3.5 million electric vehicles in 2030 without having to actually construct new assembly plants. It’s called Area 35, and the Japanese carmaker's goal is to compress existing facilities by 35 percent to free up the extra space and resources to accommodate a wave of new vehicles. Source: autonews.com … [Read more...]

Toyota’s new Area 35 plan wants to enable the company to churn out a lot more vehicles, in a flexible way, without over-investing in new factories for its EV shift. The goal is bigger capacity, streamlined production and better profits. Here’s a look at the numbers. Source: autonews.com … [Read more...]

https://www.autonews.com/retail/best-practices/an-ryan-gremore-cpr-training-dealership/2024-11-09T12:09:35.674Zalways0.5Automotive … [Read more...]

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SEOUL — Hyundai Motor Co. warned on Thursday of slowing demand and intensifying competition, but stuck to its 2024 earnings target after reporting a 7 percent fall in third-quarter operating profit, sending its shares down more than 5 percent. “The business environment for the car industry is worsening,” Hyundai Motor’s CFO, Lee Seung-jo said during a conference call, also citing growing policy … [Read more...]

Newer automatic emergency braking systems prevent about twice the number of crashes that older models do but still fail to stop crashes at high speeds, a challenge for automakers preparing to meet a strict new federal standard for the technology. Model-year 2024 vehicles with automatic emergency braking avoided 100 percentof forward collisions at 35 mph, a much better performance than … [Read more...]

Penske Automotive Group Inc. is expanding its use of artificial intelligence to help grow its service and parts business. The effort, which started with a regional group of stores, is making its way across the company's retail automotive dealerships nationwide. "Our pilot with this program started in the West, but it has infiltrated across the U.S. in terms of most of our Central stores and [is] … [Read more...]

Sonic Automotive Inc.’s third-quarter net income rose 8.5 percent from a year earlier, largely aided by a $31 million income tax benefit. Sonic said that benefit came from an adjustment to correct an error from a prior franchise impairment. The CDK Global cyberattacks also reduced third-quarter net income by about $12.7 million. The company said its net income included payments of $1.8 million in … [Read more...]

Unifor opened a labor action center in Niagara Region this month to help about 1,000 members find work following layoffs and retooling delays at General Motors Canada’s St. Catharines Propulsion Plant.  The automaker won’t start producing electric motors at the site south of Toronto until 2027, a roughly 16-month delay to the original retooling timeline, the union said.  Nearly half … [Read more...]

General Motors’ China operations posted wider losses in the third quarter compared to the two previous quarters as its sales continued to slide and vehicle prices remained subdued by an ongoing industrywide price war. In the third quarter, GM said the loss from its China operations, calculated based on equity stakes it holds in two local joint ventures, reached $137 million, versus an investment … [Read more...]

Tesla Inc. reported third-quarter net income of $2.2 billion, up 17 percent compared with the same quarter last year. Shares in Tesla jumped more than 8 percent in extended trading Oct. 23 after the earnings report was released. Total third-quarter revenue rose 8 percent to $25.2 billion, Tesla said. Automotive revenue rose 2 percent to $20 billion, energy revenue rose 52 percent to $2.4 billion, … [Read more...]

Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23. The group had told Automotive News it planned to shed $150 million in costs in the second quarter through "very targeted" layoffs and other employee-related actions. But Chamberlain said Lithia … [Read more...]

A Texas man says he was ticketed while test driving a pickup because the dealership didn't attach a temporary license plate to the vehicle. Daniel Rocha told Dallas TV station WFAA that the police officer who pulled him over wasn't willing to overlook the issue, even though the missing plate wasn't Rocha's fault. "He said this has been ongoing with these dealers," Rocha said. " 'We've been getting … [Read more...]

British automated driving startup Wayve, which raised more than $1 billion this year, is spending some of that money to fund an expansion into the United States. The growth bolsters ongoing work with automakers and tech partners, helps attract workforce talent and serves as a starting point for training in American driving environments, company executives said Oct. 23. Wayve will operate … [Read more...]

Now that we are nearing the end of what has been easily the strangest presidential campaign of my lifetime, one particularly active auto industry participant has me feeling more ill at ease than all the other boundless oddities combined: Tesla CEO Elon Musk.Let me say that as a naturalized U.S. citizen, Musk is free to support any candidate in any way that he sees fit, up to the very limits of … [Read more...]

Switching to an electric vehicle comes with a host of considerations, including when and where to charge it. For fleet operators, moving away from gasoline-powered vehicles also comes with business implications. Some companies might be interested in adding EVs to their fleets but don't know how to begin. General Motors and Ford Motor Co. want to make it easier for business customers to go … [Read more...]

The global market for advanced driver-assistance systems is likely to grow to $307 billion by 2035, soaring from just $1.7 billion in 2023, according to a report by the Oliver Wyman Forum. Digital automotive services such as advanced driver-assistance systems and electric vehicle charging look to lead the next wave of transportation transformation, according to the firm's Value Pool Report — … [Read more...]

Mobile service startup Curbee has named Amit Chandarana as its new CEO. He replaces Denise Leleux, who helped launch the startup after serving as director of global customer and ownership experience at Tesla. Chandarana most recently was chief commercial officer at security and communications firm Signal Technologies. He also has more than 20 years of automotive experience — including leadership … [Read more...]