Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million.
U.S. issues $135 million in advance EV tax rebates since Jan. 1
U.S. issues $135 million in advance EV tax rebates since Jan. 1, whereas before buyers could only take advantage of the new and used electric vehicle credit when they filed tax returns the following year.
Ohio dealership develops ‘playbook' to show technicians their career path
Ryan Haskell, fixed ops director at Jeff Wyler Honda of Colerain in suburban Cincinnati, created a detailed, goal-oriented playbook technicians could follow all the way to master technician status.
Rivian hires marketing chief from Meta after signing execs from Apple, Porsche and Stellantis
The new CMO, Jennifer Prenner, has held posts at Meta and Amazon. She joins recent executive hires from Apple and Porsche as Rivian prepares to present its R2 platform for future models in March.
Ex-VW CEO Winterkorn testifies over role in diesel scandal
The ex-VW head is testifying as part of a $9.7-billion investor suit over the automaker’s diesel scandal, in which the company utilized deceptive software to undermine diesel emissions testing.