Floorplan revenue expected to dive after years as a profit source
After years as profit source, floorplan revenue is expected to dive in 2023 as interest rates rise.
Federal court jury issues split decision in Hyundai-Napleton litigation
Two Napleton Automotive Group employees were found guilty of warranty fraud, but Hyundai will not be awarded damages because it engaged in wrongdoing that gives the automaker ‘unclean hands.’
Elon Musk takes witness stand to defend Tesla buyout tweets
Elon Musk has taken the witness stand to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening.
EV growth prompts Nissan to spend $250 million on U.S. engine plant
Nissan’s upcoming investment in Dechard is part of the company’s buildup of a U.S.-based EV manufacturing hub.
GM at odds with LG over 4th Ultium battery plant
A fourth GM battery factory likely will not happen with LG but could proceed with another partner, a source confirmed.