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Automobile
Penske Automotive Group buys BMW-Mini dealership
Penske Automotive Group Inc. has acquired a BMW-Mini dealership and collision center in Southern California that it expects will add about $115 million in annual revenue.
Penske said it bought BMW-Mini of Escondido and a collision…
New York auto show: 2023 Nissan Pathfinder Rock Creek is a more rugged package
The interior includes orange contrast stitching on the seats, steering wheel and instrument panel.
"Pathfinder Rock Creek has both the style and hardware to create an adventure just about anywhere," Nissan U.S. marketing and sales boss…
Lucid leverages demand for Air EV with $179,000 performance version
The Air Grand Touring Performance will have 1,050 hp and accelerate to 60 mph in 2.6 seconds, Lucid said. The sport variant will have an EPA-estimated driving range of 446 miles on a single charge. Like other Grand Touring trims, it…
First Shift: Honda to launch 30 full EVs by 2030 in $40B push
• Honda to launch 30 full EVs by 2030 in $40B push
• Toyota plans limited bZ4x sales
• Ford inks lithium deal
• Bosch suspends some China output
• EV adoption growth
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GM, ramping up for EV production, reaches cobalt supply deal with miner Glencore
Rival Ford Motor Co. said on Monday it had signed a preliminary deal to buy lithium from a Lake Resources facility in Argentina.
Rising sales of EVs and a scramble along the supply chain to secure materials have propelled prices of…
It’s best to consider the 2023 Toyota bZ4X EV ‘by the numbers’
Toyota's 2023 bZ4X crossover EV will go on sale this month in U.S. dealerships with a name that raises the most quizzical eyebrows across this industry since the ill-fated Merkur XR4Ti.
There are some simple things to understand about…
Honda pours $40 billion into electrification, targets 2 million EV production by 2030
Partnerships with GM and Sony can been seen as a bridge to the time when Honda develops its own next-generation EV platforms and advanced solid-state battery systems. Cooperating buys time for Honda by giving it quicker access to…
Ford inks Argentina lithium supply deal with Lake Resources
Ford Motor Co. said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery…
Del Grande Dealer Group buys Hyundai-Genesis, Hyundai and Honda dealerships
Del Grande Dealer Group, of San Jose, Calif., has expanded in the Golden State by purchasing three rooftops in the past eight months, adding Hyundai-Genesis, Hyundai and Honda dealerships.
The group said that in September it bought…
American Axle bolsters electrification strategy with acquisition of Tekfor
American Axle & Manufacturing Holdings Inc. is acquiring Tekfor Group in a deal valued at more than $135 million as the U.S. automotive supplier expands its electrification portfolio.
American Axle's purchase of the Hausach,…