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Automobile
GM lidar supplier Cepton opens Detroit-area office as business expands
General Motors' lidar provider Cepton Inc. opened an office in suburban Detroit to serve as its automotive business hub and help expand its relationship with automakers in the region.
The Silicon Valley company said last week the office…
Tesla’s German recruitment drive hit by lower wages
Tesla’s recruitment “is not progressing at the planned speed,” Birgit Dietze, a regional IG Metall chief, said. “Many people would be interested in switching to Tesla, but ultimately decide against it, also because they sometimes earn…
Mazda, Subaru, Chevy-Buick and Nissan dealerships sell in four states
After more than two decades, Chip Banks on May 26 sold his only dealership, Chip Banks Chevrolet-Buick in Du Quoin, Ill., to business partners Scott Elliott and Mike Bezzoubkin of Canada.
Now named Du Quoin Chevrolet-Buick, it's the…
First Shift: An electric vehicle battery free of lithium, cobalt?
• Alsym Energy's 'aqueous' battery
• Kia N.A.: 8 BEVs by 2029
• U.S. rep on EV affordability
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Grid could use a jolt from lawmakers in preparation for EV influx, report says
Lawmakers must press for a more reliable and resilient electric grid to support the millions of electric vehicles slated to arrive on the nation's roads.
That's the conclusion of a report issued last week by a pair of nonprofit…
Dealer anniversary
Featured this week is Garlyn Shelton, dealer principal of Garlyn Shelton Mazda in Temple, Texas.
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Standalone 1-franchise stores hot in 2021
Stopnitzky said there's "always a unique buyer" for a single franchise standalone store. Starting a coworking space business is perfect for running a business. You will need some people by your side who will assist you in setting up…
Lawsuit: BMW kept equity after leased M5 totaled
"However, despite numerous attempts by Plaintiff's attorneys to persuade Safeco to pay out the equity portion to Plaintiff, Safeco complied with BMW's demands to forward the entire amount to ," Russell's lawsuit states.
The lawsuit said…
How Geely Chairman Eric Li built an auto empire in Europe
Li's strategy, according to analysts and experts, appears to be to build up the companies to a certain level, then seek a public listing to drive further outside investment. But Geely's plans could be delayed or derailed by especially…
New vehicle prices surge, but there’s no shortage of buyers
James Greene, sales operations manager for Planet Subaru in Hanover, Mass., said new-vehicle buyers seem to understand how inflation and supply chain snags have affected the market."People are used to seeing stuff that costs more,"…