Ford delays Spanish investments, citing 'revised outlook for Europe'
Ford said it remains commited to new EV investments in Spain as it moves to an all-electric fleet of passenger vehicles in Europe by 2030.
FTC rejects requests from NADA, others for more time to comment on car dealer rules
Public comment on the proposed FTC language targeting car dealership bait-and-switch advertising and certain finance and insurance business practices will end Sept. 12 as planned.
Tesla, Nio suspend EV charging services as China power cuts bite
Tesla turned off or restricted services at more than a dozen super-charging stations in the two cities, leaving just two still in operation and only during the night as of Aug. 17, local media reported
U.S. Bank ready to fund auto loans 'instantly' for more car dealers
More than 800 car dealerships already have access to U.S. Bank’s real-time payments feature for auto loans, which the bank says should improve cash-flow control and contracts-in-transit metrics.
Group 1 CEO Hesterberg to retire at year's end; U.S. chief Kenningham named to top post
Earl Hesterberg came to Group 1 in April 2005 after stints at Ford and Nissan; Daryl Kenningham started with Group 1 in 2011.