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Schaeffler to buy Ewellix for $594M

FRANKFURT -- Germany's Schaeffler has agreed to buy Sweden's Ewellix Group from investment company Triton for about 582 million euros ($594 million), the German supplier said in a statement. Schaeffler said the purchase continues the…

GM’s coming EV models: Timing is fluid

The EV conversion for Chevrolet and GMC is more fluid as GM aspires to launch a fully electric lineup by 2035. The brands have a swath of EVs coming, especially toward the end of the decade, but many of their gasoline-powered vehicles…

Dealer anniversaries | Automotive News

50 with Subaru Neil Patrick and James Patrick, second and third from left, dealer principals of Patrick Subaru in Shrewsbury, Mass., receive a 50-year award from Ernie Boch Jr., left, CEO of Subaru of New England, and Jeffrey Ruble, COO…