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Group 1 net income falls nearly 7 percent in Q1

Group 1’s net income fell, while revenue and new- and used-vehicle sales grew....

Lithia Q1 net income down 28% as margins slip

Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of...

CEO Mary Barra’s pay declined 3.9% to $27.8 million as GM missed stock targets

After eight consecutive years as the highest-paid Detroit 3 CEO, Barra’s compensation trailed the $39...

Lamborghini adds 800-hp PHEV drivetrain to Urus

The four-wheel-drive Urus SE plug-in hybrid is the most powerful version of the ultraluxury SUV....

VW to launch youth-focused EV brand for China

The ID.UX subbrand is the automaker’s bid to recapture market share lost to local rivals...

Mini touts creative use of space for electric-only Aceman small crossover

Positioned between the Cooper small hatchback and Countryman small SUV, the Aceman initially will be...

VW seeks to maintain 15% share in China as domestic rivals gain strength

VW is betting on investments in a new Chinese research hub, and partnerships with Chinese...

VW aims to maintain 15% share in China as domestic rivals gain turf

VW is betting on investments in a new Chinese research hub, and partnerships with Chinese...

Judge deals blow to Stellantis in supplier pricing dispute that threatens production

The order filed Tuesday means that the parent company of Jeep and Ram brands must...

Ford says it is ready for EV slowdown as it boosts electric van output in Turkey

Ford’s joint venture in Turkey – Ford Otosan – has started production of the electric...

Opel’s new flagship Grandland SUV offers more space, EV option

Opel says the second-generation Grandland, which is longer than the current model and adds an...

Fisker appoints chief restructuring officer after missing payment to noteholder

Fisker said in its 2023 annual report that it may have to file for bankruptcy...

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