Asbury buys Colo. dealership group Stevinson
Asbury Automotive added eight dealerships in the Denver area and $715 million in annual revenue by closing on the purchase of Stevinson Automotive.
Lithia buys 3 dealerships from Elder Automotive
The three Ford stores in Florida and Michigan are expected to generate $425 million in annual revenue.
Musk blasts Biden's EV tax credit legislation
Musk’s stance would seem to be in conflict with Tesla’s stated mission: to accelerate the world’s transition to sustainable energy.
Intel to take Mobileye unit public in 2022 IPO
Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a fast-growing.
Ford to launch subscription-based field service tool for small businesses
The tool, called Viizr and built on Salesforce software, is meant to help small businesses improve efficiency and drive recurring revenue for Ford.