Lithia Motors' Q4 net income falls as quarterly, full-year revenues climb
The dealership group’s revenue and vehicle sales increased for both the quarter and full-year 2022 as it continued to add stores through acquisitions.
Dealer-backed LIFO tax relief bill reintroduced in Senate after House effort
The bill’s reintroduction comes after U.S. Reps. Dan Kildee, D-Mich., and Jodey Arrington, R-Texas, revived LIFO tax relief legislation in the House earlier this month.
Ford idles Louisville Assembly over software issue with Escape
Workers in Louisville were told late last week the plant would be idled Feb. 13-19, according to a memo obtained by Automotive News.
Survey finds half of vehicle owners reported problems with crash-avoidance tech after repairs
Among the nearly 500 vehicle owners surveyed by the Insurance Institute for Highway Safety, about half said they had issues with certain crash-avoidance features after the technology was repaired.
Battery startup NanoGraf raises $65M to make lithium batteries more energy dense
Chicago’s NanoGraf previously produced silicon anodes in Japan but took advantage of a 10 percent tax credit to start producing battery materials in the U.S.