Penske Automotive to buy Porsche dealerships in Australia
Penske Automotive Group Inc.’s planned acquisition of two Porsche stores near Melbourne, Australia, is expected to close in the second quarter.
Suppliers urge automakers to standardize their sustainability efforts
Parts makers are urging the industry to come up with standardized reporting metrics to help make decarbonizing supply chains easier.
Opposition to U.S. Steel-Nippon deal concerns automakers
A major trade group wants the Biden administration to prohibit a Cleveland-Cliffs takeover if the Nippon Steel deal were to fall apart.
BMW reveals new products, retail strategy at dealer meeting
BMW will use technology and data-sharing with dealerships to improve the customer experience and drive loyalty and after-sales revenue.
Lucid sales surge 40% in Q1 after price cuts
The EV startup delivered 1,967 Air sedans in the first quarter and produced 1,728 after building up inventory last year. Lucid cut the price of its base Air by $7,500 in mid-February to spur demand.