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Days after Lithia Motors Inc. said it had agreed to a deal to acquire Pendragon's dealership and fleet businesses, Pendragon's board of directors rejected a joint offer from a Penske Automotive Group subsidiary and Hedin Mobility Group.
Unifor plans to have members vote on its tentative agreement with Ford Motor Co. of Canada “before the end of the week,” though precise timing for ratification meetings is still being finalized, a union spokesperson told Automotive News Canada Wednesday.
Renault, Peugeot and Citroen have significantly scaled down their local operations in recent years. The revised subsidy policy the French government released for electric vehicles this week, coupled with the anti-subsidy probe of China-made EVs the EU announced last week, will leave the three French brands with literally no choice but to exit China.
GM stopped building the Chevy Malibu and Cadillac XT4 on Wednesday after running short of stampings made at a Missouri plant that's on strike. Stellantis said it was laying off workers at an Ohio machining plant and expected to make more layoffs in Indiana.
A senior Republican in Congress asked Tesla Tuesday to detail its relationship with Chinese battery manufacturer CATL amid concerns electric vehicle subsidies are flowing to foreign entities raising security concerns.
Lexus' new global brand boss, Takashi Watanabe, says a big transformation is on the way from 2026 as the automaker leaps into its next-generation electric vehicles. The road forward will be teased next month as Lexus previews the first concept for those EVs at the Japan Mobility Show.
The UAW struck a ZF Group plant in Tuscaloosa, Ala., that builds front and rear axles for Mercedes-Benz vehicles built nearby. It was not immediately clear what impact, if any, the strike is having on vehicle assembly at the automaker's nearby Vance, Ala., plant.
With the majority of the engineering complete on Bollinger's first commercial product, a battery-powered Class 4 chassis cab, final testing is underway, and Bollinger's marketing team is about to hit the road to book orders ahead of the planned start of production in the second quarter of 2024.
Lithia Motors' plan to purchase the dealership and fleet businesses of Pendragon in the U.K. is a sizable deal. But the other component, giving Lithia an ownership stake in a dealership management system company, could have the biggest impact for the rest of the U.S. auto retail industry.
The prime time speech on Sept. 27 is expected to be delivered to auto workers and other blue collar union members. The UAW said: "We can’t keep electing billionaires and millionaires that don’t have any understanding what it is like to live paycheck to paycheck."
Brembo wants its new artificial intelligence-based braking system, Sensify, to set a new industry standard just as antilock braking did decades ago by bringing high-performance, all-electric, independent four-wheel braking to mass-market brands.
NHTSA's Office of Defects Investigation said it received 98 consumer complaints alleging failure of the canister purge valve in 2012-18 Ford Focus cars that were either previously recalled and fixed or were not recalled but experienced the same issue.
A contract manufacturing supplier is planning to lay off 293 employees due to the United Auto Workers strike against the Detroit 3 automakers, signaling the first supplier to detail its layoff plans to the state of Michigan since the union walkout began Friday.
Hendrick Automotive has snagged the top ranking among privately owned dealership groups for three straight years while AutoNation marks its second year atop public auto retailers in Reputation's rankings. And Mitsubishi and Infiniti outranked other brands, according to the study.
Lithia Motors plans to not only make a significant dealership acquisition in the United Kingdom. Its pending deal also includes a fleet management platform and an ownership stake in Pinewood Technologies, which plans to bring a dealership management system to North America.