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Automobile
Bollinger Motors and Roush team to build commercial EVs
DETROIT — Bollinger Motors, the startup electric vehicle manufacturer in suburban Detroit that is trying to enter the red-hot commercial EV market, moved one step closer to its goal Monday.
The company said it has inked a deal with…
EV maker Lordstown Motors says it needs more capital to boost production
Electric vehicle startup Lordstown Motors Corp said Monday it needed $150 million in addition to the proceeds from its sale of assets to Taiwanese contract manufacturer Foxconn to put its Endurance pickup truck into the hands of…
First Shift: IIHS considers speed increase for its tech evaluations
• IIHS may modify speed for braking evaluations
• Dealer groups increase digital sales
• Numbers from GM's CarBravo
• Lucid's Q1 and price hike
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Hyundai eyes Georgia for new U.S. EV plant, report says
Hyundai has been in advanced discussions with state officials to build a dedicated EV facility in Georgia, three people with direct knowledge of the talks told Reuters. Details of the investment, including its projected cost and the…
Ford is selling some of its Rivian shares, report says
Rivian shares have since plunged after its pickup launch was slower than investors expected.
JPMorgan Chase & Co. is also selling a block of 13 million to 15 million shares in the manufacturer for an unknown seller, Faber reported,…
Rivian stock plunges as IPO lockup expires, allowing Ford, Amazon to sell shares
“We would not be surprised by a stake sale/reduction by Ford post Rivian’s lockup expiration,” Robert W. Baird analyst George Gianarikas wrote in a note on May 1. Ford, which invested $1.2 billion in Rivian, has been non-committal about…
IA American Warranty Group develops 15-minute F&I product sales turn
LAS VEGAS — Customers hate the length of the finance and insurance process, according to Eric Melon, iA American Warranty Group senior vice president of sales. So he gave the staff at his F&I product and training company a…
F&I providers balancing parts, labor inflation with product pricing
Product providers indicated that existing pricing might be enough to manage the inflation of claims costs. But vendors also showed confidence in their ability to raise rates further if needed.
JM&A Group's statistics tell a tale…
Ford adds cool to the frunk in YouTube series about EVs
Although automakers selling EVs have spent most of their time assuaging consumer concerns such as range anxiety, Ford is now focusing on the fun and trying to make the frunk a cultural moment and part of a lifestyle. The social…
KAR focus on online car auctions after sale of ADESA U.S.
Customers ultimately see a future with "more digital transactions, not fewer," Kelly said last week after KAR reported a net loss for the first quarter.KAR intends to capture more of the market for dealer-to-dealer transactions, and…