CFO: AutoNation Finance should break even by 2025
AutoNation CFO Thomas Szlosek said that AutoNation Finance is making steady progress as the division continues shift to company customers.
Lear to acquire Spanish automation supplier to ease labor costs
Financial terms were not disclosed for the deal, announced Monday and expected to close by the third quarter.
Standardized power management could extend EV battery range
The automotive industry is being pushed to establish a standard to manage the power flow to electronic control units that govern different parts of the vehicle depending on the context.
Elon Musk loses appeal bid for 'funding secured' case at U.S. Supeme Court
The justices turned away Musk’s appeal of a lower court’s decision upholding the 2018 settlement reached after he said on social media that he had “funding secured” to take Tesla private.
Dealership not at fault for injuries caused by 80-year-old customer who crashed demo, court rules
A Louisiana dealership has been cleared of liability for a crash caused by an 80-year-old customer test driving a demo car.