CEO David Smith named chairman of Sonic Automotive; former CEO Scott Smith returns to board
Sonic Automotive has a new chairman and a new board member following the June death of iconic company co-founder Bruton Smith.
EV truck maker Nikola to buy battery supplier Romeo Power
Nikola has agreed to buy battery supplier Romeo Power for about $144 million in stock, in a move designed to help jumpstart its efforts to make battery packs.
Israeli startup REE touts new electric delivery van as customer demonstrations begin
Israeli startup and diversified manufacturer began hosting customers for live demonstrations of its new Proxima proof-of-concept electric delivery van.
To sell more used vehicles online, groups create brands
Some dealership groups are creating standalone brands as they launch new online sales tools with the goal of reaching new customers and diversifying operations.
GM, Ford, Stellantis see profits despite challenges
Most automakers reporting earnings last week said they expect better microchip supplies in the second half of 2022 and remained profitable despite stubbornly low inventories.