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Stellantis said the unspecified number of cuts followed an operational review. The automaker previously laid off 539 U.S. supplemental workers in January.

Younger buyers’ appetite for F&I presents dealerships with an opportunity, but their strategy should not be wholly digital like some might expect.

Mitsubishi has partnered with Santander Consumer USA on an online tool allowing shoppers to get preapproved for car loans and filter dealer inventory to the vehicles the consumer can afford on those approved terms. The new-vehicle prequalification feature on the “ClickShop 2.0” portal housed on Mitsubishi’s website will also be available for used cars on dealer sites.

Battery startup Our Next Energy Inc. is again trimming headcount following months of struggles.

Crain’s Detroit Business has learned that the Southeast Michigan-based company has cut another 37 jobs — 24 of which were located in Michigan — with the majority of the layoffs being administrative roles, according to a company statement to Crain’s. 

ONE’s current focus is around developing products “that will double the range for electric vehicles and double the energy capacity of conventional utility scale energy storage systems,” the company said in the statement.

“In support of this mission, ONE is reinforcing its commitment to its research & development, engineering, supply chain and manufacturing functions,” the statement continues. “To accomplish this, the company is re-aligning resources and reducing overall operating expenses in its non-product related functions. This decision will enable ONE to operate in a more financially efficient manner and support the company’s ongoing efforts to attract additional strategic and financial investors.” read more

Ken Ganley Automotive Group added two luxury dealerships and a Ford store in two acquisitions this year. The megadealer also sold a Stellantis store.