Chevrolet dealership employee accused of giving herself unauthorized bonuses

Ariel Rutenbeck, 32, was charged with grand theft for allegedly altering Dimmitt Chevrolet's payroll, giving herself $28,000 in unauthorized bonuses.

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Parks Automotive Group buys Acura, Audi and BMW dealerships

Parks Automotive Group in September bought three luxury dealerships as it entered a new market.

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Stellantis offering buyouts

Stellantis said it has offered voluntary buyouts to some of its 13,000 U.S. salaried employees.

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Panasonic to start building Kansas battery plant next month

Panasonic said it will start building its new battery plant in Kansas in November and aims to begin mass production by March 2025.

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Increased vehicle production not enough to put Gentex Q3 in black

Automotive mirror supplier Gentex said Friday that supply chain challenges led to lower third-quarter profits, but also touted a sales increase compared with 2021.

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Mazda finally ready to unveil new midterm plan, tweak EV strategy

Mazda's updated mid-term plan comes as the automaker races to recoup lost production from earlier in the year and tilts output toward higher-margin crossovers for the key U.S. market.

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‘Great reassessment' will require car dealers to rethink recruiting strategies

Adam Robinson, CEO of Hireology, said job seekers are most looking for schedule flexibility, career growth opportunities and fulfilling work.

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Silicon EV battery tech gets $250 million in DOE grants

The Department of Energy grants are designed to help spur innovation in developing silicon-based battery technology for electric vehicles.

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Dealer's mentorship program cuts turnover by making workers' lives better

Leadership at CMA's Valley dealerships in Staunton, Va., launched a mentorship program focused on health, finance and relationships to reduce employee turnover and enhance their staff's lives.

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A GM jolt: Ukrainian embassy goes electric

The automaker donated a Chevy Bolt to the country's embassy in Washington as its latest contribution to help since the country has been under attack by Russia.

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A GM jolt: Ukrainian embassy goes electric

The automaker donated a Chevy Bolt to the country's embassy in Washington as its latest contribution to help since the country has been under attack by Russia.

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GMC, Nissan and Stellantis dealerships trade hands in Q4, Q3 deals

A standalone GMC dealership, plus Nissan stores and a Stellantis outlet traded hands in third-quarter and fourth-quarter deals.

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Ford postpones deadline for dealers to decide on EV investment

Dealers now have an extra month to decide whether to spend up to $1.2 million on chargers and other upgrades the automaker is requiring for certification to sell EVs after 2023.

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Jury orders Ford to pay $105 million to software company

A federal jury ordered Ford to pay Versata Software Inc $104.6 million in damages for breaching a 2004 licensing contract and misappropriating trade secrets.

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Column: Ford aimed for the moon with AVs but found a black hole

Ford did something rather astounding last week. It stopped lighting money on fire in pursuit of a goal it had severely underestimated.

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Tesla recalls 24,000 Model 3s in U.S.

Tesla Inc is recalling 24,000 2017-2022 Model 3s in the U.S. over a seat belt issue.

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Asbury sets net income record in Q3, but same-store profit, revenue down

Asbury Automotive Group estimates Hurricane Ian cost it 14 cents worth of earnings per diluted share in the third quarter of 2022.

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Dana Inc.'s Q3 $88 million net loss is due to commercial vehicle headwinds

Dana attributes $88 million Q3 loss to higher interest rates and the negative impacts of inflation, among other things.

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Sonic posts record Q3 revenue, net income

Sonic Automotive Inc. posted higher third-quarter net income and revenue despite sales declines at its EchoPark used-only stores and new-and used-vehicle sales on a same-store basis at its franchised dealerships.

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AutoNation's Q3 net income drops slightly, retailer to buy 4 dealerships

AutoNation Inc. said its third-quarter net income fell slightly as it had higher expenses for technology and new business ventures. The auto retailer also plans to buy four dealerships in Colorado in the fourth quarter.

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U.S. dealership average pay surpasses $100K while turnover tumbles

Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study.

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Lear plans $80 million EV parts plant

Lear Corp. will open an $80 million plant and create hundreds of jobs in Michigan after winning a program with General Motors Co. that marks its largest electric vehicle deal and investment to date, the supplier said Thursday.

The Southfield-based company struck a deal with the automaker to exclusively supply the battery disconnect unit on all full-size SUVs and trucks built on GM's Ultium EV platform through 2030, according to a news release.

Lear said it is "working with state and local officials on a plan" to open the plant. The specific location was not disclosed, nor has the amount of potential incentives being sought for the project.

Crain's Detroit Business inquired with Lear for more details.

CEO and President Ray Scott alluded to the plan in an interview with Crain's earlier this month when he said that a push to localize supply chain created a need for an E-Systems plant in Michigan. Last month, it launched a just-in-time seating plant in Detroit on the former Cadillac Stamping site, which will supply GM's Factory Zero on the Detroit-Hamtramck border.

Lear makes the bulk of its $19 billion annual revenue from supplying seats.

"Lear is developing innovative technologies that are driving the widespread adoption of electric vehicles," Scott said in the release. "This additional new business with GM was made possible by Lear's recognized value proposition in electrification that combines flexible manufacturing operations and advanced Industry 4.0 automation technologies with our vertically integrated capabilities."

Battery disconnect units are the interface between an EV's battery pack and electrical system. Suppliers are locked in a fierce competition to win contracts for content in electric cars, which for now appear to be the future of the industry and contain a fraction of the parts in a gas-powered car.

"… It is important to make this investment in our backyard," Scott said. "This facility will provide hundreds of highly skilled jobs to the state and will be our largest investment in an electrification-focused production site to date."

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Audi partners with Swiss Sauber for Formula One

Audi said in August that it would enter Formula One under new engine rules coming in for 2026, with its own power unit to be built in Neuburg, Bavaria.

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Penske's Q3 net income slips despite record revenue

Penske Automotive Group Inc. posted lower net income in the third quarter, as used-vehicle sales dipped.

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Musk wants Washington to embrace the digital age

NHTSA is requiring the EV maker to send a recall notice for an issue Tesla already started fixing.

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Firm invests $70M into dealership group led by Jonathan Sobel

Franchise Equity Partners is officially in the auto dealership business following a $70 million investment into Jonathan Sobel-led Georgica Auto Holdings.

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Kia recalling 71,000 older U.S. Sportage vehicles for fire risks

Owners should park outside and away from structures or other vehicles until the recall is completed, according to Kia's filing with NHTSA.

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Mercedes quitting Russian market, selling shares to local investor

Mercedes will withdraw from the Russian market and sell the shares in its industrial and financial services subsidiaries to Avtodom, a local investor.

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Magna plans to invest $530M in three new and existing U.S. plants

The Canadian company, whose U.S. base is in metro Detroit, plans to invest around $530 million into new and existing plants to build seat frames as well as EV battery frames, enclosures and components.

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Lucid opens retail studio in Saudi Arabia as it moves into Middle East EV market

The "luxury retail space" in Riyadh will introduce Middle East customers to the California-based brand. Lucid also plans to build a factory in Saudi Arabia.

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Bosch expands U.S. factory to produce more e-motors

Bosch said it has secured "additional electromobility business" that requires an expansion at its South Carolina plant, which began producing electric motors for the Rivian R1T pickup this month.

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Bosch expands U.S. factory to produce more e-motors

Bosch said it has secured "additional electromobility business" that requires an expansion at its South Carolina plant, which began producing electric motors for the Rivian R1T pickup this month.

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New-look 2023 Toyota Crown returns to U.S. after 50 years — in modest quantities

Toyota executives said they expect to sell 20,000 2023 Toyota Crown sedans in the U.S. as the brand brings back the nameplate after a 50 year absence. The fastback-shaped sedan goes on sale in November in U.S. dealerships.

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2023 Ford Escape gets improved tech, new ST trims

The freshened crossover, on sale early next year, comes with a new front-end design and over-the-air software update compatibility.

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Kia the latest automaker to mull exiting Russia

The automaker would join VW, Toyota, Renault, Nissan, Hyundai and Mazda that have or are considering winding down their exposure in Russia after its invasion of Ukraine in late February.

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EV maker Mullen taps ex-GM executive John Schwegman

Mullen Automotive has tapped former GM exec John Schwegman to be the electric vehicle maker's chief commercial officer.

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A Tesla factory in Mexico? Elon Musk meets with Nuevo Leon state officials, reports say

Photographers spotted Tesla CEO Elon Musk in northern Mexico meeting with economic officials. Local media suggested Musk could be looking for plant space or meeting with suppliers.

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Toyota to build EV in China

It will be second model in new Beyond Zero (bZ) series of battery electric vehicles from Toyota, which has been criticized by activists and green investors for not embracing BEVs quickly enough.

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Toyota scrambles for EV reboot with eye on Tesla

A working group within Toyota has been charged with outlining plans by early next year for improvements to its existing EV platform or for a new architecture, four sources told Reuters.

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Tesla cuts China prices by up to 9% as analysts warn of 'price war'

The price cuts also follows Tesla CEO Elon Musk's comment last week that "a recession of sorts" was under way in China and Europe, and Tesla said it would miss its vehicle delivery target this year.

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Arizona dealership group gets green light to pursue suit over raid by state AG

A federal judge in Phoenix has given the green light to Mark Enterprises to pursue a lawsuit against state attorney general agents after a raid in October 2019.

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The auto industry's $75B bet on autonomy is not paying off

This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year.

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GM, Ford poised to report Q3 earnings to a skeptical Wall Street

Wall Street suspects both companies could fall short of their 2022 forecasts, or underperform next year, with consumer demand dented by rising interest rates, higher oil prices and global economic slowdowns.

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Hyundai Q3 earnings drop amid rising prices, supply chain disruption

Operating profit was down 3.4 percent from a year earlier, while net income dropped 5.1 percent.

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Former NHTSA chief Cliff: Return to CARB ‘irresistible'

Steven Cliff had been acting administrator of NHTSA since February 2021, confirmed by the U.S. Senate in May 2022 as its 16th administrator. In August — less than three months after the Senate confirmation — the California Air Resources Board announced Cliff's departure from NHTSA to run the state agency.

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Kia cuts price of redesigned, top-end Niro EV trim

The second generation of Kia's Niro EV goes on sale this month in all 50 states, and the top-end Wave trim will cost $45,745, $200 less than its predecessor.

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Startup Wejo aims to reduce traffic deaths with data

The British startup says its data can make roads safer, travel more efficient and automakers less isolated.

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Tesla Model Y passes long time top sellers in global rankings

Tesla could sell 800,000 Model Y cars this year  — enough to place it among the top five best-selling vehicles in the world.

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BMW dives into EVs but keeps the X crossovers rolling in South Carolina

BMW is orchestrating a $1.7 billion upgrade to bring its largest plant, near Spartanburg, S.C., into the electric era. At the same time it must maintain production of high-demand crossovers there.

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CATL slows battery investment plan for U.S., Mexico-sources

Chinese battery giant CATL has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, two people with knowledge of the matter said.

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Biden administration considers security reviews for Musk deals

Biden administration officials are discussing whether the U.S. should subject some of Elon Musk's ventures to national security reviews, including the deal for Twitter.

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Elon Musk: Teslas won't be approved as fully self driving this year

Tesla's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.

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Toyota to cut full-year production target on chip shortage

The automaker said it expects to lower its global production schedule amid global supply chain upheaval.

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NHTSA reports 10 fatal crashes involving assisted-driving tech in June-September

The agency's data show 16 fatal crashes involving vehicles with Level 2 ADAS systems have been reported since it ordered vehicle, equipment and software manufacturers to report them in mid-2021.

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Musk: Teslas won't be approved as fully self driving this year

Tesla's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.

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Baxter Auto sells 4 Stellantis dealerships in unique deal

Baxter Auto Group sold four Stellantis dealerships to Edwards Auto Group, which kept two of the stores. Edwards Auto sold two dealerships to two different auto retailers.

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Ford awards global ad busenss to Wieden+Kennedy

The agency, already the automaker’s lead U.S. agency, keeps growing the account as Ford streamlines global advertising.

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Brembo sets up venture capital arm

Brembo Ventures will invest in startups globally, focusing on artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability.

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Porsche is still looking to enter F1

Porsche is still in discussions about a partnership in Formula 1 racing after discussions with championship leaders Red Bull broke down.

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BMW joins the EV frenzy with $1.7B U.S. investment

The project includes domestic sourcing of next-generation batteries and a $700 million battery-pack assembly plant to be built nearby. It also requires construction of a new battery-cell plant in the state by Envision AESC.

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Lithia Motors' Q3 net income rises as revenue hits record

Lithia Motors Inc., which continued its dealership network expansion in the third quarter, posted vehicle sales increases and record revenue.

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Uber’s new ad formats use its first-party data to target riders

Uber's new ad format is the first release under its unified ads division.

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Porsche 911 gets a touring variant

Porsche is adding a touring variant to the 911 lineup. The 2023 911 Carrera T, where the T stands for "touring," will slot between the 911 Carrera and 911 Carrera S.
It adopts the twin-turbo six-cylinder engine from the 911 Carrera that generates 379 hp and 331 pound-feet of torque.
The 911 Carrera T comes standard as a two-seater with a seven-speed manual transmission. Rear seats and an eight-speed dual-clutch automatic transmission (PDK) are available as no-cost options.
The 911 T has a top track speed of 181 mph and can sprint from 0 to 60 mph in 4.3 seconds.
With the PDK, that time dips to 3.8 seconds.
The 2023 911 Carrera T will reach dealerships by spring, priced from $118,050, including destination.

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Passport Automotive settles FTC suit over illegal fees, discrimination for $3.38 million

Passport Automotive agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The dealer group denies it discriminated.

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GM’s plant in South Korea to boost capacity to 500,000 vehicles a year

The Changwon plant, which will build GM’s so-called next-generation vehicles including an all-new Chevrolet crossover, is currently being remodeled and expanded as part of a plan that kicked off last year.

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Hyundai pressures U.S. to ease EV tax credit rule that penalizes foreign automakers

Depending on how the Biden administration chooses to interpret the law, the rule could leave Hyundai and some other foreign automakers at a disadvantage against EV makers eligible for the credit.

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Stellantis eyeing two more North American battery plants by 2030

The Jeep and Ram parent company already announced two JV battery plants -- one in Indiana and the other in Canada -- and will need two more plants in the U.S., Canada or Mexico by 2030, COO Mark Stewart said.

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Polestar 3 will get a lift from U.S. factory plan

As much as 70 percent of the Polestar 3's supply chain is already operating in the Americas, Polestar's COO said.

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Intel slashes Mobileye IPO valuation down to $16 billion

The self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per share.

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Tesla faces questions on recession, EV credits, Cybertruck

Tesla Inc. CEO Elon Musk continues to spar on Twitter over Ukraine and nuclear war while analysts and investors seek guidance on vehicle demand and future product

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Intel's Mobileye seeks drastically lower $16 billion IPO valuation

The self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per share.

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Fisker speeds up search for U.S. assembly plant to win tax credits

Henrik Fisker: “I am looking at bringing Ocean (SUV) production over to the U.S., and we are looking at some opportunities to produce as early as 2024."

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Mercedes signals robust results regardless of gloomy outlook

Mercedes still has its sights set on delivering solid returns next year as supply shortages improve, even if the global economy continues to take a turn for the worse.

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Hyundai, Kia plan to take combined $2 billion hit for Q3

The automakers said the provisions were needed because of engine recalls and more recent changes, such as longer lifecycles for used vehicles and lower scrap rates caused by a chip shortage, and an underestimate of engine improvements.

 

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Lyft hikes service fee for rides as insurance costs rise

The increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers' insurance when they are working on its platform.

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Can this small Michigan town handle a huge EV battery plant?

Some question whether a city of about 8,000 has the ready-made automotive workforce to support a plant expected to employ up to 2,350 people.

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Jeep toughens electric Avenger with rugged look

The production version of the Jeep Avenger 4x4 Concept will mark the first time engineers have applied electric motors to create all-wheel-drive capability.

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BMW to shift electric Mini's UK production to China

BMW will build Mini electric hatchbacks and a small SUV in China through its partnership with Great Wall Motor.

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VinFast recalls a third of its sold EVs to replace sensors

VinFast will recall 730 of its model VF e34 EVs, which are available only on the domestic market, to make checks and replace their side crash sensors.

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Jeep Avenger to give brand big sales boost in Europe

The Avenger is the brand's first full-electric model, although it will be sold with combustion engines in some European markets.

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VinFast returns to Paris show with new confidence but plenty still to prove

The Vietnamese automaker is rapidly transforming into an electric-only brand with four EVs on display at the Paris auto show.

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Hyundai group, Ford chip away at Tesla lead

Hyundai's EV registrations more than doubled and Kia's more than quadrupled. Ford's also more than doubled, but it still slipped to third place.

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Mercedes EQE crossover ready for U.S. production launch

The EQE crossover will be the second made-in-America Mercedes electric crossover. Output begins this year at Mercedes' plant in Vance, Ala. — one of seven EV production sites on three continents.

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Jeep vows not to commercialize ‘ducking’ phenomenon

One of the biggest attractions at this year's Detroit auto show was an inflatable duck whose popularity stemmed from a grassroots movement that began as a way to spread cheer among Jeep owners.

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U.S. vehicle inventories at highest point since June 2021

Inventory and days supply levels continued to recover in September from their record lows earlier this year as a slower selling rate allowed automakers to regrow some dealer stocks.

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N.Y. dealer finds commercial niche

Mackey Auto Group, which formed in 2019, turned part of a former FedEx warehouse into a commercial vehicle service center. The ability to work on commercial fleets and large vehicles has quickly become an important part of the group's business.

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Nikola founder convicted of fraud

Nikola founder Trevor Milton was convicted by a U.S. jury of fraud in a case alleging he lied to investors about the EV company's technology.

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Honda's U.S. dealers want to be part of Sony Honda venture

A new joint venture formed by Sony Group and Honda plans to introduce a premium EV and the automaker's U.S. dealers are anxious to be part of the sales process.

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Column: As CEO of the automaker to the world, Toyoda has no time for BS

No BS: Akio Toyoda on his brother Bob, 200 countries of customers and carbon reduction.

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Ford says top Lincoln dealers face $900,000 bill to sell EVs

Lincoln stores that want to sell EVs will need to invest more than four times as much as Cadillac is asking its retailers to spend, mainly to cover the cost of installing chargers for public use and service needs.

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Tesla's vegan leather supplier bets material will be used everywhere

For Ultrafabrics, supplying seating material to the likes of Tesla, United Airlines and furniture makers isn't just good for the environment, it's a potentially lucrative, though challenging, business.

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Carvana claims being 'singled out' in latest state licensing dispute

Carvana launched a petition asking for support from Michigan consumers after the company's license to operate in the state was suspended last week.

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VW to take 60% stake in tech joint venture with China's Horizon Robotics

The venture will focus on developing autonomous driving technologies and wireless connectivity software for VW vehicles.

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Lear CEO Ray Scott looks to make production more local — including in Michigan

To call the ongoing supply chain pressures a challenge for the tier one automotive seating supplier would be an understatement, but Lear CEO Ray Scott prefers the term "opportunity."

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Honda, LG Ohio investments to receive $71 million state tax credit

The companies plan to invest $3.5 billion and create 2,200 jobs in central Ohio, but said the overall investment is projected to reach $4.4 billion.

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Siemens to supply equipment for EV battery plants JV

Siemens has signed a deal with a joint venture of Stellantis, Mercedes Benz and TotalEnergies to supply equipment and technology for electric vehicle battery plants.

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Carvana asks Michigan consumers to sign petition following license suspension

Carvana launched a petition asking for support from Michigan consumers after the company's license to operate in the state was suspended last week.

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EVCS launches flat-rate EV charging subscriptions

West Coast charging network operator EVCS is looking to simplify powering electric vehicles by offering a choice of monthly subscription plans.

The move marks a departure from the way such networks typically operate. Most require a low monthly fee and charge an additional amount per kWh used.

"It really is a minefield across the various networks, be it time of day rates, location-based variances and hidden fees," Kirk Johnson, chief growth officer at EVCS, said Monday. "We're trying to cut through all that with a very simplified, predictable monthly fee."

The Los Angeles company now offers three subscription tiers for its West Coast network of close to 700 Level 2 or Level 3 public chargers. A Level 2 charger can top off an EV battery from empty in 4-10 hours. A Level 3 charger can fill a battery to 80 percent in 20 minutes to an hour depending on the charger and the network.

While clear-cut pricing is important, charging speed, availability and charger maintenance are also critical factors, said Mike Ramsey, a Gartner automotive and smart mobility analyst.

That has become a pain point for EV drivers who often encounter a shortage of public chargers or find them inoperable. Additionally, about a third of new-vehicle shoppers lack access to home charging.

"Pricing is one thing," he said. "But if [charger operators] can't guarantee availability and speed it won't matter what they charge."

EVCS' base Standard Anytime plan costs $49.99 a month and provides up to 200 kWh of charging, after which users pay $0.29 per kWh. EVCS said this plan is geared toward those who drive fewer than 1,150 miles per month and charge about seven times during the period.

The Unlimited Off-Peak Pro tier costs $99.99 a month and includes unlimited charging from 10 p.m. to 6 a.m. Outside those hours, subscribers are charged $0.29 per kWh. The company said this plan is best for those who drive more than 1,150 miles a month.

The top Unlimited Anytime Pro Plan is $199.99 per month. It's designed for long-distance commuters and gig workers who drive for ride-hailing or delivery companies and need 24/7 access to fast charging.

"These prices are quite low and very attractive – if the chargers are fast and work as advertised," Ramsey said.

Prices vary by location

While other networks don't offer flat-rate charging, they do provide discounts with memberships. Prices vary by location.

EVGo has three monthly subscriptions. In the Los Angeles area, the Basic plan costs $0.99 a month for a $0.34 per kWh rate. This is the same as the company's pay-as-you-go rate but avoids a $0.99 session fee charged each time an EV is connected.

EVGo Plus costs $6.99 a month and has a $0.25 per kWH rate, while the Plus Max plan is $12.99 a month for $0.22 per kWh, both without a session fee. In Michigan, the monthly subscriptions are the same, but the per-kWh rates are $0.32 for Basic, $0.28 for Plus and $0.32 for Plus Max.

Electrify America charges $0.43 per kWh to guest users and Pass members who sign up to use the company's app. A $4-a-month Pass+ membership drops the rate to $0.31 per kWh.

Electrify America, a Volkswagen Group of America subsidiary established in 2016 to offset emissions in the wake of Volkswagen Group's diesel-emissions scandal, occasionally offers free charging. Several automakers also provide free charging for a certain period as part an EV purchase. Tesla has its own DC Supercharger network and has offered incentive to owners.

The EVCS network
EVCS has 149 locations and 672 chargers in California, Oregon and Washington. Its network includes 431 Level 2 chargers and 241 Level 3 DC fast chargers. It plans to have more than 700 DC fast chargers operating by the end of 2023 across 88 cities.

EVCS focuses on the West Coast because it accounts for more than 50 percent of U.S. EV ownership. California alone comprises almost 40 percent of EV ownership nationwide, according to the U.S. Department of Energy.

With its subscription model, EVCS hopes to solve a pain point for EV owners over public charging pricing, particularly for high-mileage EV drivers, Johnson said. That includes those using EVs for ride-hailing and delivery gig work.

"That's one of the main customer segments we want to address with our new Pro plans," Johnson said.

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