GM logistics supplier Proficient Auto raises $215 million in IPO

9May 2024

GM logistics supplier Proficient Auto raises $215 million in IPO

The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides...

9May 2024

Nearly 25% of Ford F-150s built are now hybrids, CEO says

The F-150 is a key pillar of Ford’s hybrid strategy, which is gaining importance amid...

9May 2024

NADA Academy preps future dealership owners, staff for changing times

Through in-person and online classes, the National Automobile Dealers Association trains dealership staff and future...

9May 2024

Editorial: Pedestrian safety measures should go beyond automatic emergency braking

The industry has five years to comply with NHTSA’s latest automatic emergency braking rule, but...

9May 2024

U.S. agency raises safety concerns on Ford crossover fuel leak recall

The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy...

9May 2024

Used-vehicle wholesale prices down in April, Cox Automotive says

Customers appear to be holding out for more affordable used-vehicle prices and hoping for lower...

9May 2024

BYD will price its European plug-in hybrids close to ICE rivals

PHEV sales have jumped this year as the market for all-electric cars slumps. BYD, which...

9May 2024

Accounting change drives down Cars Commerce Q1 net income

Cars Commerce’s 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped...

9May 2024

VW brand to strengthen plug-in hybrid lineup as EV sales slump

Volkswagen is adjusting its strategy to feature more PHEV models. Its latest plug-in hybrids have...

9May 2024

Ford design boss Anthony Lo leaves for ‘other opportunities’

Anthony Lo made the decision to leave the automaker himself, Ford said, without saying where...

9May 2024

As Nissan misses goals, CEO Makoto Uchida shifts into volume mode

CEO Makoto Uchida says Nissan has strengthened its business significantly over the course of his...

9May 2024

Nissan has a new plan to spur sales — and it wants retailers to fund it

With a nearly triple-digit days’ supply, Nissan is allowing dealers to advertise 2024 model year...

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