Group 1 reports record revenue; net income slips
Net income for the Houston-based dealership group fell 16.7 percent while revenue rose 13 percent.
Nissan considers electrification to spark its pickup fortunes
Nissan is said to be exploring a lightweight electric pickup that could come to market at the start of the next decade.
Pendragon shareholders approve Lithia's $481M acquisition
Pendragon shareholders overwhelmingly approved the $481 million offer from Lithia Motors to buy the major United Kingdom retailer, Pendragon said Wednesday.
Lithia Q3 net income slips 20%, revenue record for quarter
Lithia set a third-quarter revenue record but saw quarterly net income fall 20 percent from a year earlier to $265 million as vehicle sales rose but gross profit fell.
VinFast signs up 27 potential U.S. dealers in shift to third-party sales
The Vietnamese EV maker is planning several waves of dealers across the U.S. as it launches models and builds a factory in North Carolina, a company adviser told Automotive News.