Penske Automotive Q1 net income falls 28%

Penske Automotive Q1 net income falls 28%

Penske Automotive Group Inc.’s first-quarter retail automotive service and parts revenue grew 9 percent to...

Musk dismisses Tesla senior executives in fresh job cuts, report says

Rebecca Tinucci, senior director of the electric vehicle maker’s Supercharger business, and Daniel Ho, head...

Stellantis production at three plants hit by strike will restart in early May

The Stellantis sites, in France and the U.K., have been halted since the beginning of...

Mercedes to stay firm on pricing following Q1 profit drop

Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return...

Stellantis revenue falls 12% in first quarter on lower shipments

The decline reflects a transition to new models, CFO Natalie Knight said. In Europe, revenue...

VW Group’s first-quarter profit drops 20% on lower volumes, higher costs

The automaker’s Porsche brand reported a 14.8 percent operating margin decline on higher model revamp...

U.S. imposes emergency-braking rule in 2029 for cars to cut roadway deaths, injuries

U.S. authorities have issued a new mandate that will require carmakers to install automatic emergency...

PACE Awards go to innovations from Dana, Valeo, Yazaki and 10 others

2024 Automotive News PACE Award winners ranged from an advancement in lidar technology to a...

Scenes from the 2024 Automotive News PACE Awards

The event in Detroit celebrated the best in supplier innovation....

Asbury Automotive says 10 dealerships are up for sale

Asbury Automotive Group said it entered Q2 with $243 million in assets for sale —...

5 stars of the 2024 Beijing auto show

Nearly every domestic and international brand attended the showcase event of the Chinese auto industry....

AutoNation Finance should break even by 2025: CFO

AutoNation CFO Thomas Szlosek said that AutoNation Finance is making steady progress as the division...

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