Kia, Hyundai, Chevy, Stellantis and Ford dealerships acquired in 2 states
Kia, Hyundai, Chevy, Stellantis and Ford dealerships sold in second-quarter transactions in New York and Wisconsin.
Car dealers positive, but less optimistic about next 3 months
Despite similar profits and market conditions, franchised dealerships polled by Cox this spring were a little less optimistic about the future than they were in the first quarter.
Ferrari to add EV production line, report says
The automaker has bought space near its Maranello plant for a third production line that will be dedicated to making hybrid and electric vehicles.
Hyundai's Korean production hit by truckers' strike
Component shortages at the automaker’s Ulsan plants in South Korea meant capacity fell to about 50 percent to 60 percent of normal levels.
Top Toyota supplier Denso mulls $3B chip unit spinoff
Denso, whose chips go into automotive parts that it sells to carmakers or other suppliers, will consider whether the semiconductor division is better positioned outside of the company.