Tesla faces criminal probe in U.S. over self-driving claims
Tesla is under criminal investigation in the U.S. over claims the company’s electric vehicles can drive themselves, three people familiar with the matter said.
Ford-, VW-backed Argo AI to shut down
Ford said it will take $2.7B non-cash charge on its Argo investment. Argo employees were told that some of them would receive offers from Ford or VW, TechCrunch said.
U.S. dealership average pay surpasses $100K while turnover tumbles
Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association’s annual Dealership Workforce Study.
Early Polestar stores face a wait for volume model
U.S. deliveries of Polestar’s anticipated Polestar 3 crossover are delayed until the fourth quarter of 2023, but the automaker isn’t worried about the critical EV’s late arrival.
Group 1 Q3 net income rose 14% on record revenue
New-vehicle days’ supply in the U.S. as of Sept. 30 improved to 15 from 11 as of Sept. 30, 2021, and from nine as of Dec. 31, 2021.