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BorgWarner profit soars as auto supplier eyes EV break-even point
Auto February 9, 2023 , by BizLizzy Reporter
Automotive supplier BorgWarner exceeded sales and profit expectations last year as it entered an “inflection point” in […]
Lithia Motors sells Detroit-area dealership, expands in Canada
Auto February 9, 2023 , by BizLizzy Reporter
Lithia Motors’ activity on both sides of the dealership buy-sell market continued with a fourth-quarter store sale […]
Penske Automotive Group names Greg Penske vice chairman
Auto February 9, 2023 , by BizLizzy Reporter
Roger Penske’s son Greg Penske was named vice chairman of Penske Automotive Group, while the auto retailer […]
Lucid joins Tesla-led EV price war with discounts on Air models
Auto February 9, 2023 , by BizLizzy Reporter
Lucid said that customers will get a $7,500 credit on buying certain variants of the Air luxury […]
Lexus retakes No. 1 spot in J.D. Power dependability study
Auto February 9, 2023 , by BizLizzy Reporter
Mass-market brands had 182 problems per 100 vehicles, while premium brands had 205 problems per 100 vehicles. […]
GM makes long-term U.S. microchip deal with GlobalFoundries
Auto February 9, 2023 , by BizLizzy Reporter
The companies said GlobalFoundries will produce components for GM’s chip suppliers in a long-term agreement that offers […]
2024 Subaru Crosstrek gets redesign — and an assist from U.S. factory
Auto February 9, 2023 , by BizLizzy Reporter
In introducing the redesigned 2024 Crosstrek at the 2023 Chicago Auto Show, Subaru said it will begin […]
2024 Toyota Grand Highlander is a bigger, grander Highlander
Auto February 9, 2023 , by BizLizzy Reporter
The three-row crossover is larger than the Toyota Highlander, especially when it comes to third-row seating, and […]
Feds: Stellantis violated nursing mothers' rights at Mich. plant
Auto February 8, 2023 , by BizLizzy Reporter
The automaker must add more lactation rooms and adjust its break policy to comply with a new […]
Wholesale used-vehicle prices climb again in January
Auto February 8, 2023 , by BizLizzy Reporter
Wholesale used-vehicle prices rose for a second month in a row in January, the result of higher-than-expected […]
Hyundai in talks with U.S. Labor Department over Alabama child labor
Auto February 8, 2023 , by BizLizzy Reporter
The talks with the U.S. labor regulator have focused on “compliance measures across our supply chain,” a […]
Anderson Automotive Group expands in South Carolina
Auto February 8, 2023 , by BizLizzy Reporter
Anderson Automotive Group made its first acquisition since 2020 with its January purchase of five dealerships in […]