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The proposal compares to initial offers of 15% by Ford Motor Co. and 16% by General Motors, […] -
Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting a […]Lender Westlake is using AI to make more auto loans
Auto September 8, 2023 -
GM increased compensation for dealerships that send their own staffers to pick up vehicles from certain factories […]GM workaround for shipping snags: Dealer pickup from the factory
Auto September 8, 2023 -
The North American Council for Freight Efficiency’s “Run on Less – Electric DEPOT” will record performance, charge […]Tesla Semi will be the one to watch at truck performance tracking event
Auto September 8, 2023 -
Asbury’s agreed-to purchase of Jim Koons Automotive Cos. would be the largest acquisition in the dealership space […]Asbury agrees to buy Jim Koons group for $1.2 billion in ‘transformative' acquisition
Auto September 8, 2023 -
The restructuring of Volvo’s U.S. and Canada operations is part of an $88 million global initiative to […]Volvo Cars cuts jobs and expenses in U.S., Canada to prep for EV era
Auto September 8, 2023 -
Gotion’s $2 billion plant in Manteno will employ about 2,600 workers. Read MoreIllinois finally lands a big EV battery plant
Auto September 8, 2023 -
The U.S. Treasury says dealers in January can submit new and used EV sales information to the […]Dealers will register soon for new, used EV tax credit transfers
Auto September 8, 2023 -
New models and concepts from Mercedes, BMW and VW were the top debuts at the show, while […]5 stars of the Munich auto show
Auto September 8, 2023 -
Diversified supplier Magna International Inc. said today it expects to generate $2.5 billion in annual revenue from […]Magna sees EV battery enclosures generating $2.5 billion in sales by 2027
Auto September 7, 2023 -
The company terminated all 545 of its employees ahead of Thursday’s Chapter 11 filing in bankruptcy court […]Regional used-car dealership group Off Lease Only files for Chapter 11 protection
Auto September 7, 2023 -
BMW is tapping the virtual tools of Nvidia to speed up the creation of new factory capacity. […]BMW factory planning time to be slashed
Auto September 7, 2023