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A class action suit claims GM violated laws of 26 U.S. states by knowingly selling several hundred thousand vehicles with faulty transmissions.

ADESA Kansas City, in Belton, Mo., is the third ADESA auto auction at which Carvana is adding its own inspection and reconditioning processes.

Welcome to today’s edition of the Daily 5.

Back in July, we ran a report about GM’s BrightDrop electric delivery van business folding into the GM Envolve fleet and commercial unit. The idea was greater efficiency. Our story also said that after pausing production last fall, GM had resumed building BrightDrop’s Zevo 400 and Zevo 600 vans at its CAMI plant in Ingersoll, Ontario.

Today, there comes news that BrightDrop vans will become part of Chevrolet, as the automaker hopes to capitalize on Chevy’s larger dealership network and land new fleet customers.

The Zevo 400 and 600, numbered by their approximate cargo space, will be rebranded as the Chevrolet BrightDrop 400 and 600 starting with the 2025 model year, and both will continue to be built at the CAMI assembly plant.

GM is looking to bolster the software side of its business, too, and has added another former Apple Inc. leader to its software services group, hiring Tim Twerdahl as vice president of product management. read more

The Federal Reserve signaled that the highest interest rates in more than two decades should begin falling soon, providing welcome relief for the auto industry.

While leasing as a whole appears to be bouncing back, it is not yet attracting first-time lessees at a rate commensurate to that before the pandemic.