Group 1 posts Q3 profit surge, updates M&A activity
The solid performance came in spite of a 12 percent drop in companywide new-vehicle sales as Group 1’s inventory dwindled because of the global microchip shortage
Sonic Automotive posts record Q3 revenue despite low inventory
Sonic Automotive’s new- and used-vehicle sales fell at its franchised dealerships in the third quarter as the retailer dealt with low days supply.
Toyota's global output plunges in Sept. on supply-chain issues
The automaker produced 512,765 vehicles last month, down from 841,915 a year earlier as disrupted access to semiconductors and other key auto parts continued to hit output.
Jeep plant hit with second air quality violation in Detroit
A Stellantis spokeswoman said the violation was related to ducting requirements within the plant’s paint shop.
Stellantis confirms 2021 margin target despite Q3 drop in sales
The full-year total toll of lost production due to the chip crisis will exceed a previous forecast of 1.4 million units, CFO Richard Palmer said.