January auto sales up, but economic headwinds picking up
Though January’s SAAR rose to 16.21 million, a number of economic factors are poised to soften vehicle demand.
Ford reduces top execs' bonuses after 'frustrating' earnings
CEO Jim Farley and CFO John Lawler are among those receiving 90 percent of their bonus target, while other salaried employees will get 148 percent.
Virginia legislation aims to prevent direct sales, delivery agents
Virginia’s bill language includes a provision that prohibits automakers from unilaterally changing franchise agreements without also getting an agreement from the dealer.
BMW to invest $866 million in Mexico amid global EV push
The expansion, set to add around 1,000 new jobs in San Luis Potosi, is BMW’s latest push into electric vehicles as it looks to convert more than half of its sales into all-electric cars by 2030.
Stellantis, Ford, GM and Mercedes-Benz dealerships trade hands in Q4
Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan.