VW's Scout Motors plans EV R&D center, 200 new jobs near Detroit
The brand said the Scout Innovation Center will be home to its product, design and engineering teams, as well as members of cross-functional support teams.
Dealer's two Nissan stores abruptly close just ahead of floorplan lender lawsuit
Two Stephanie Morris Nissan dealerships, one each in Missouri and Colorado, abruptly closed this fall and the dealer and her companies now face at least three lawsuits, including one from a floorplan lender who claims dozens of vehicles are missing.
Asbury Automotive completes $1.2B Jim Koons acquisition
The Koons group reported $3.2 billion in revenue and sales of 26,188 new vehicles in 2022, ranking it No. 23 on ‘ list of the top 150 dealership groups based in the U.S. Asbury ranked No. 5 on the list, retailing 151,179 new vehicles last year.
Ford cutting 2024 F-150 Lightning production plans by half, suppliers told
The news comes amid an industrywide pullback in EV investment due to slower-than-expected sales growth.
Industry veteran Julie Fream to step down as CEO of auto suppliers association
Collin Shaw, the manufacturers association’s chief commercial vehicle officer and COO for its Original Equipment Suppliers group, will succeed Fream on April 1.