News

Sonic warns of earnings hit on 'lower' BMW, Honda spiffs

18 July 2018, 08:00
The country's fifth-largest dealership group said lower manufacturer-to-dealer incentives will dampen second-quarter and full-year profits, with continued margin pressure expected on Honda and BMW sales in the third quarter.

Tesla Model 3 critic flips view, sees possible 30% profit margin

17 July 2018, 08:00
The rollout of Tesla's Model 3 electric sedan over the last year was plagued by delays and doubts over whether it could ever be profitable. Now, one of car's early critics has changed his view.

Self-driving bill critics oppose maneuver to clear Senate

17 July 2018, 08:00
Safety and consumer advocates are urging senators to reject a parliamentary maneuver to secure passage for stalled legislation governing self-driving cars.

Mobiliti acquires subscription service Condor Detroit

17 July 2018, 08:00
In a push to expand its subscription offerings as it makes its foray into Michigan, app-based Mobiliti has acquired subscription service Condor Detroit.

U.S. online travel giant invests $500 million in China's Didi

17 July 2018, 08:00
Chinese ride-hailing app Didi has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China.

BMW gets right for potential stake in Chinese battery giant

17 July 2018, 08:00
BMW is the first overseas automaker to get a potential toehold in Chinese electric-car battery maker Contemporary Amperex Technology, with rights to invest as much as $427 million.

Trump tariff costs likely to be spread out by automakers

16 July 2018, 08:00
Automakers with domestic plants will seek to minimize the impact of potential U.S. tariffs on imported vehicles and auto parts by spreading the extra costs across their entire U.S. fleets, not just vehicles shipped from overseas.

Government rebates could protect Canada's auto industry from certain Trump tariffs

16 July 2018, 08:00
Canadian government customs provisions are expected to soften the blow on the country's powerful automotive industry from retaliatory tariffs on U.S. steel, according to trade lawyers.

Ford F series will have a record sales year in 2018

16 July 2018, 08:00
Thanks to a blistering first-half pace, Ford Motor Co. might sell more big pickups in the U.S. this year than it ever has, shattering a 14-year-old record set at the height of the housing boom.

Tom Mignanelli molded Nissan U.S.A.

16 July 2018, 08:00
Tom Mignanelli spent just six years at Nissan's U.S. operations, but left a mark that has rippled through decades.
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