news

Aston Martin Q1 sales slump as output of older Vantage ends

Revenue dropped 10 percent to 267.7 million pounds ($334 million), while adjusted earnings before interest,...

VW offers €900M in buyouts to trim German payroll

VW aims to cut administration jobs in Germany by offering long-standing staff a €50,000 premium...

Mercedes replaces U.S. plant boss during UAW push to unionize workforce

Federico Kochlowski, vice president of operations, will take over as CEO of the Mercedes U.S....

Stellantis-Leapmotor JV to challenge value brands in Europe

Dacia could be a key rival to the joint venture, which will start sales of...

Polestar delays key SEC filing, says it needs time to review “certain errors” in its 2021 and 2022 annual and interim financial statements.

Polestar said it believes the historical errors are expected to “positively impact net loss by...

Mercedes-Benz Alabama factory changes CEO weeks before UAW vote

Federico Kochlowski, vice president of operations, will take over as CEO of the Mercedes U.S....

Toyota names Jack Hollis, Chris Reynolds to new jobs under Ogawa

Toyota restructures its top North American management, splitting responsibilities between Jack Hollis and Chris Reynolds,...

Continental Auto Group founder Bryan Hardeman arrested on more arson charges

Bryan Hardeman, founder of Continental Automotive Group, was arrested for the second time in two...

6 public auto dealership groups challenged by inflation, lower profit per vehicle

Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service...

UAW to hold strike vote at Stellantis’ Warren Stamping Plant

Around 1,100 workers at Stellantis’ Warren Stamping Plant will vote May 6 on whether to...

Lear’s Q1 net income falls as auto supplier goes full bore into automation

Lear Corp. reached a revenue record in the first quarter but saw net income drop...

Carvana’s plans to return to growth sought ahead of Q1 earnings

How the company executes its next growth period is critical, Carvana CEO Ernie Garcia said....

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