GM says LG to pay $1.9 billion of $2 billion in costs for Bolt recall
The automaker in August expanded the recall, which will replace LG battery modules due to fire risk, to more than 140,000 cars.
Vroom to buy finance firm UACC in $300 million deal
The move is aimed at speeding up Vroom’s plans to establish its captive financing arm, similar to what rivals Carvana and CarMax use for in-house financing.
Toyota aims to make up lost production as supplies rebound, report says
The automaker has asked suppliers to make up for lost output so it can build an additional 97,000 vehicles between December and the end of March, Reuters reported.
Fowler, Young Automotive and El Toro among dealership buyers in 4 acquisitions
Fowler Holding Co. and Young Automotive Group each bought standalone Jeep dealerships as part of recent buy-sell deals.
Stellantis will turn Turin factory into hub for EVs, Maserati cars
Stellantis will make its Mirafiori plant in Turin its center for electrification in Italy.