GM CEO Mary Barra backs away from 1 million EV production goal
GM originally set a goal of having production capabilities in place for a million EVs, but said it could only sell that many if the market materializes.
Penske Automotive buys Bill Brown Ford, the world's largest Ford dealership
Penske said it estimates the suburban Detroit dealership, founded in 1941 by the Brown family, will add $550 million in annual revenue. The dealership’s name will stay the same.
Coastal dealers talk insurance costs, hurricane preparation know-how
NOAA expects a more active Atlantic hurricane season. Dealers, already wary of higher insurance cost,s are monitoring it.
Lucid Air retakes EV efficiency crown with 2025 model, beating Hyundai Ioniq 6
By adding a heat pump to save energy on heating and cooling, the Air Pure breaks a key threshold by traveling 5 miles per kilowatt-hour in EPA testing.
CDK ransom money goes through extensive money laundering schemes before reaching hackers
CDK Global likely paid a hacker group around $25 million in ransom June 21 to address the cyberattacks that led to significant software outages across the car dealer industry, CNN reported.