Toyota supplier Denso cuts forecast after quarterly profit hit by extra costs
Denso cut its operating profit forecast for the financial year to March 31 by 21 percent to $3.38 billion.
Stellantis CEO sees the rise of Chinese automakers fueling M&A
Carlos Tavares views the rise of Chinese automakers and the EU’s efforts to phase out combustion engines as factors fueling greater potential for consolidation among automakers.
Polestar troubles signal 'shakeout time' for EV industry
A global EV-demand slowdown could now weed out weaker players or force a consolidation wave as the struggles of Polestar and other smaller brands underscore the massive expense of developing EVs.
Dealers prep for what could be a ‘banner year' for buy-sells
Executives from three of the largest auto retailers in the country shared their outlooks on the dealership buy-sell market at AutoTeam America’s Dealer/CEO/CFO Forum.
The EV transition will require dealer support, experts say
The transition to electric vehicles, Tesla’s alternative sales model, the expansion of charging infrastructure and more are pushing the automotive retail industry to evolve.