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Vehlo buys Rapid Recon and Velocity Automotive
Auto January 23, 2023 , by BizLizzy Reporter
The acquisitions by Vehlo now extends its dealership fixed ops customer experience suite beyond the customer-pay side […]
Ford job cuts in Europe: Where the ax will fall
Auto January 23, 2023 , by BizLizzy Reporter
Ford’s plans to cut thousands of jobs, mostly in product development, triggered a union threat of Europewide […]
U.S. closes Ford Explorer exhaust probe without seeking recall
Auto January 23, 2023 , by BizLizzy Reporter
NHTSA said it conducted an in-depth investigation that included review of more than 6,500 consumer complaints from […]
Ally sets revenue record in 2022, but auto finance income down
Auto January 23, 2023 , by BizLizzy Reporter
Ally interim CFO Bradley Brown told a Q4 2022 earnings call the bank had increased consumer auto […]
ZF plans $3B German plant with U.S. partner to make chips for EVs, report says
Auto January 23, 2023 , by BizLizzy Reporter
ZF will build the plant with Wolfspeed, a U.S. company that makes chips that can boost the […]
Reynolds on long-term path to shed inflexible image
Auto January 23, 2023 , by BizLizzy Reporter
Dealership technology giant Reynolds & Reynolds will unveil an updated logo and a demonstrate a more flexible […]
Dealers face EV hurdle
Auto January 22, 2023 , by BizLizzy Reporter
Dealers are readying their sales and service operations to handle the influx of used EVs that will […]
Will leasing rally in 2023?
Auto January 22, 2023 , by BizLizzy Reporter
Auto leasing isn’t likely to return to its pre-pandemic position representing one-third of retail auto sales yet, […]
Dealerships renew focus on basic sales training
Auto January 22, 2023 , by BizLizzy Reporter
More vehicle choice means more competition, so some dealerships are working to refresh employees on sales basics […]
The latest numbers on the microchip shortage: Cuts resume worldwide
Auto January 22, 2023 , by BizLizzy Reporter
Automakers axed nearly 70,000 vehicles from their global production plans last week as the microchip shortage continues […]
Incoming NADA chairman Geoffrey Pohanka's agenda: Data-sharing, franchises
Auto January 22, 2023 , by BizLizzy Reporter
Geoffrey Pohanka, the driving force behind NADA’s “Guiding Principles on Evolving Business and the Dealer Franchise System,” […]
Industry climate helps first-time dealers become owners
Auto January 22, 2023 , by BizLizzy Reporter
In the backdrop of a bustling dealership buy-sell market that continues to see private groups and publicly […]