CarMax’s Q1 net income falls 33% to $152 million, revenue slips 7.5%

CarMax’s Q1 net income falls 33% to $152 million, revenue slips 7.5%

The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1...

Column: EV buyers’ remorse is a telling moment in economic history

More likely a blip than a pivot, McKinsey’s survey highlights need for affordable models that...

VW-backed Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

VW’s battery business PowerCo gets new tech boss after former Apple exec quits

HW Vassen, who is head of series development at PowerCo, replaces Soonho Anh, who was...

China’s Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

Why MG owner SAIC is likely to suffer small hit from EU’s new tariffs on Chinese EVs

MG is the bestselling Chinese brand in Europe but it’s likely to avoid a serious...

Longtime Bosch North America president Mike Mansuetti to retire, succeeded by regional mobility chief

Mike Mansuetti, the longtime head of Bosch’s North American business, will retire this year and...

Stellantis AI chief is latest exec to leave automaker

Berta Rodriguez-Hervas, whose responsibilities included AI and machine learning, has resigned less than three years...

BMW cancels $2B battery cells contract with Northvolt

German media reported that the Swedish company could not deliver on time on a long-term...

Automotive News Europe salutes Pierre Houles

The Rising Star for Digital is Pierre Houles, who is deputy CIO at Renault Group....

Dealership finance offices can still work while CDK is down

The temporary shutdown of the car dealership management system CDK following cyberattacks complicates life for...

Scammers reportedly targeting dealers pretending to be CDK reps

Reports are surfacing that scammers are targeting some CDK dealer customers affected by the cyberattack...

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