Tesla gets OK for diner in L.A.
CEO Elon Musk proposed the idea of a diner and drive-in cinema at a Supercharger location more than five years ago.
4 of 6 publics see Q2 F&I gross profit drop; more decline possible
Lithia Motors, Penske Automotive, Group 1 Automotive and Asbury Automotive all saw same-store F&I gross profit per vehicle decline year over year in second-quarter earnings, while AutoNation and Sonic Automotive posted increases. Analysts from Stephens and Jefferies said consumer affordability and the return of leasing would reduce gross profit in the future.
Nvidia and Lucid CEOs highest paid on '22 list
Lucid CEO Peter Rawlinson, who ranked second on the list, made 11 times more than No. 3 Mary Barra of GM.
The latest numbers on the microchip shortage: Most cuts in Asia
Microchip shortages continued to trip up automakers in China and Asian markets outside of China.
BMW Neue Klasse EV gets futuristic design, 'skips a model generation'
The new EV concept is based on the Neue Klasse platform that the automaker says is the “biggest investment in the company’s history.”