New $200 million Tekion funding to fuel expansion
The dealership management system upstart will use the financing from Dragoneer Investment Group to expand product offerings, speed up implementation times and more.
Eugene McDonald, vehicle valuations pioneer, dies at 96
McDonald, whose vehicle valuation insights helped inform auto remarketing, died July 1 in Gainesville, Ga., after a brief illness, according to his obituary.
Former Russian self-driving car company Yandex reboots as Avride
Now the core group of executives and engineers behind the self-driving efforts of former Russian company Yandex have regrouped and formed a new self-driving car brand called Avride Inc.
Ally Q2 net income slips 11%; auto income down 19%
Ally Financial’s net income fell 11 percent in the second quarter as the bank set aside more money in case of losses, experienced higher expenses and drew less net revenue from financing.
2025 Cadillac Escalade updated with inspiration from brand's EVs
Production of the freshened full-size SUV, Cadillac’s top-selling nameplate, is set to begin before the end of the year in Arlington, Texas.