“Arlington produced 345,000 units in 2022, and by our estimate generated about $25 billion in revenue and $4 billion in EBIT – or about 30 percent of the company’s total EBIT,” Ward told Reuters. Flint and Oshawa are expected to build a combined 360,000 heavy-duty pickups a year through 2035, according to AutoForecast Solutions (AFS). …
GM could reap billions in combustion trucks and SUVs through 2035 Read More »
Car windows and windshields are things that many drivers just don’t think much about– until one day they suddenly need to be replaced. Maybe it’s a large chip, or a small crack that has since flourished over time into a web of other cracks. Perhaps it was a single incident of blunt force that smashed …
ANAHEIM, Calif. —The automotive and truck industries will soon learn much more about Tesla Inc.’s Semi — the Class 8 truck the electric vehicle company claims will upend the trucking industry with revolutionary performance. PepsiCo confirmed Wednesday it would enter at least one of the Tesla Semis it operates in the Run on Less trucking …
Tesla Semi will make its debut at the Run on Less truck event Read More »
Globally, deal activity in the mobility technology sector for the fourth quarter of 2022 was going flat into 2023, Jonathan Geurkink, a senior analyst at PitchBook, told Automotive News. “We are seeing investment shift away from the activity in and around autonomous driving and the ride-hailing and last mile stuff seems to be tailing off …
Transport technology startup funding plunged 43 percent in March Read More »
LOS ANGELES — Electric vehicle brand Polestar has unveiled a certified pre-owned program to help drive business to its product-starved retailers. The program launches as the first Polestar 2 electric sedans are coming off their 36-month leases. Polestar North America CEO Gregor Hembrough called the CPO program a “coming of age” moment for the Swedish …
Polestar launches CPO to lift dealer profitability Read More »
BMW remains on track for slightly higher sales this year despite a dip in demand in the first quarter, including in the Chinese market, the automaker said. BMW said it delivered 588,138 BMW, Mini and Rolls-Royce vehicles in the first quarter, down 1.5 percent on the previous year, while full-electric vehicle sales rose 83 percent …
BMW electric car sales doubled in the first quarter Read More »
The pace of suppliers mergers and acquisitions could soon pick up as companies attempt to reposition themselves for the electric vehicles era and as private equity firms seek to put hundreds of billions of dollars in available capital to work. As more battery-electric vehicle programs launch, suppliers have the opportunity to “rethink everything” about their …
First-time franchised dealer buys store in New Jersey A new owner purchased his first franchised dealership a month after turning 28 in a deal that relocates the store. George Georgeadis on Nov. 28 purchased Chevrolet of Jersey City in New Jersey from Sam DiFeo and Andy Shapiro of DiFeo Auto Group, Georgeadis confirmed to Automotive …
Car dealerships sell in New York, Iowa, New Jersey and Illinois Read More »
Image: Bill Pugliano (Getty Images) With the slimy way that dealers often do business, it always comes as a surprise when dealers get a win—and one that’s both right and verifiable. For that, you have to give credit where it’s due. In this case, one dealer’s camera system has been used to catch customers lying …
A Dealer’s Camera System Helps it Beat Claims of Damage Read More »
