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

30April 2024

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...

30April 2024

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...

30April 2024

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...

30April 2024

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....

30April 2024

Why Honda chose Canada for its $11 billion EV hub

Taking advantage of production subsidies offered by the U.S. may have put the company ahead...

30April 2024

Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024

Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.’s developing captive finance company Driveway Finance...

30April 2024

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...

30April 2024

VW Group’s Q1 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...

30April 2024

Elon Musk dismisses 2 Tesla senior executives, and their staffs, in fresh job cuts, report says

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

30April 2024

Stellantis revenue falls 12% in Q1on lower shipments amid transition to new models

Stellantis has been reducing inventories “to reinforce our strong relative pricing ahead of our new...

30April 2024

Penske Automotive Q1 net income falls 28%

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

30April 2024

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...

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