Former Reagor-Dykes CFO sentenced to 7 years in prison
Shane Smith, Former Reagor-Dykes Auto Group CFO, was sentenced along with 15 others to seven years in prison after pleading guilty for his role in a $50 million wire fraud conspiracy.
Vehicle subscription services provider NextCar rebrands as Autonomy, launches with Tesla
Entrepreneur Scott Painter, whose ventures include vehicle listings company TrueCar and used-vehicle subscription service Fair, has launched a consumer-facing subscription service with Tesla’s Model 3 sedan.
Biden urges Congress to pass chips bill after Intel makes Ohio plant commitment
A lack of chips has caused production delays for consumer electronics and automobiles, and led to furloughs. The price for used cars, in large part due to a shortage of chips, continues to be a component of surging inflation.
Cadillac Escalade-V coming in 2023
Cadillac teased the Escalade performance variant Thursday and will share specs when the SUV is revealed this spring.
GM to invest $154M in N.Y. plant for EV motor parts
GM will use the investment to renovate the facility and purchase and install new machinery to produce stator modules, key components in EV motors.