GM's Barra: Profit potential in 'above and beyond' tech, not heated seats
Software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle’s first owner, Barra said.
Franchise Equity Partners reveals $55M minority stake in Parks Automotive Group
Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the group. The announcement comes months after Parks Automotive, with the investment firm, bought two Stellantis stores near Charlotte, N.C.
NHTSA fails government audit for missing deadlines
In a report released Wednesday by the U.S. Transportation Department’s Office of Inspector General, auditors reviewed a sample of investigations conducted in 2018, 2019 and 2021 to determine whether the agency has adequate tools, processes and resources to probe and identify safety defects.
Elon Musk political shift seeks new Tesla buyers, analyst says
Musk’s embrace of conservative Republican presidential candidate Ron DeSantis and hot-button topics on Twitter could help Tesla with reluctant EV buyers in red states.
Stellantis, GM pay $363 million in U.S. fuel economy penalties
The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017.