Kendall Automotive, Dunhill Auto acquire stores
Kendall Automotive Group and Dunhill Auto Group last month bought stores in Washington and Pennsylvania, respectively.
Rivian CEO tells customers first deliveries delayed until September
As some of the EV startup’s clients complain about the lack of communication from the company, RJ Scaringe wrote: “The cascading impacts of the pandemic have had a compounding effect greater than anyone anticipated.”
Ford recalls nearly 775,000 Explorers for steering issue linked to 6 injury claims
A cross-axis ball joint may cause a fractured rear suspension toe link, which could affect steering control and increase the risk of a crash.
New CEO reinforces message that Honda is OK with alliance help
Toshihiro Mibe’s comments reflect the pressure on automakers to share technology and costs to meet demands for cleaner vehicles. Honda and General Motors already have several joint initiatives.
Autoliv swings to $164M operating profit in Q2 but cuts 2021 forecast
Microchip shortages caused lower-than-expected vehicle production, resulting in reduced sales and profits. Still, total revenue surged 93 percent.