GPB sold many Prime dealerships for a loss

A GPB holding company that owns the majority of Prime Automotive Group's assets sold more than 20 dealerships in the past few years.

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GM signals an improved outlook for chip supply

Its plans to resume production at many lower-margin vehicle plants suggests the automaker has turned a corner in dealing with a crisis that has cost the industry tens of billions of dollars.

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Houston's big hit: Sense of normalcy

Normalcy was one of the biggest attractions at the Houston Summer Auto Show, one of the first new-vehicle expos since the coronavirus pandemic began.

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Hyundai eyes subscription program to draw buyers to Ioniq EV

Hyundai's try-and-buy subscription program is just one element of Hyundai's full-court press with its first dedicated EV.

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The latest numbers on the microchip shortage: VW bears brunt; losses slow

Nearly half of the 55,000 vehicles taken out of production schedules in North America last week were Volkswagen vehicles.

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Tight supply sends some prices well over sticker

Cars and trucks are in high demand and selling quickly, even with few incentives or with a "market adjustment" added to the MSRP.

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VW plans to appoint two new COOs to boost synergies among brands

VW CEO Herbert Diess aims to reduce overlap between brands and find more synergies as he pushes to improve profitability.

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Toyota unveils hydrogen-burning engine plan to fight EV mania

Toyota debuted a new hydrogen-burning engine it says holds big potential for the company, the industry and for carbon neutrality goals in a world gone gaga over EVs.

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What Ford sees in the next battery technology

Ford's recent investment in Solid Power signals a shift to a new technology in batteries.

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Radar vanishes from Tesla's view, prompting swift safety concerns

Tesla says it has stopped equipping new Model Y and Model 3 vehicles with radar sensors in favor of its camera-only Tesla Vision system.

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Rivian selects IPO underwriters, could seek $70B value, report says

Rivian is working with advisers including Goldman Sachs, JPMorgan Chase and Morgan Stanley, sources told Bloomberg.

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Wejo to go public in deal that values auto data developer at $800M

The SPAC merger is expected to close in the second half of the year. Wejo is in part backed by General Motors.

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Wejo to go public in deal that values auto data developer at $800M, report says

The SPAC merger is expected to close in the second half of the year, the sources said. The new company will trade under the symbol "WEJO."

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4 dealerships change hands in single-store deals; Morris, Thomas buy stores

Here's a quick look at four recent dealership transactions, including one by a new dealer.

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Nissan, Stellantis plan to idle some Mexico plants in June due to chip shortage

Stellantis will shut its Toluca plant in Mexico during the week of June 7. Nissan announced three other plants to be idled in June.

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Nissan plans to idle Mexico plants in June due to chip shortage

During the first four months of this year, Nissan was Mexico's second-biggest auto assembler after General Motors.

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Stellantis said to consider battery-manufacturing investment in Italy

Decisions to develop additional battery factories in Europe and North America could be made this year.

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Geneva auto show to go ahead in 2022 with new format

The revamped event will use digital tools to bring together "virtual and physical experiences" after automakers switched product launches to internet livestreams during the pandemic.

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Some Chinese government agencies review Tesla ownership among staff

Authorities in Zhejiang and Guangxi provinces have either asked government bodies to check and report on any employees who have bought Teslas.

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Can suppliers avoid extinction as the automobile pivots to electric?

As electric vehicles take hold throughout the industry, suppliers will likely face the biggest disruptions — and the biggest opportunities.

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Hyundai Motor mulls selling one of its Beijing plants, report says

The automaker is promoting the sale of the factory to the Shunyi district government in China's capital city, Yonhap news agency reported.

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Tesla Model 3 loses coveted ‘Top Pick’ Consumer Reports rank

The influential nonprofit consumer research organization said it removed the designation after Tesla ditched radar as a supplement to its camera-based sensors.

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Rea Stark's Lamborghini bid still stands despite VW rejection

The Swiss group is willing to negotiate on investments, guarantees and the purchase price for Lamborghini, founding partner Rea Stark said.

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Rolls-Royce is working on EV called 'Silent Shadow'

The BMW unit filed a trademark with the German patent office for the name Silent Shadow, a nod to the Silver Shadow model sold from 1965 to 1980.

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Stellantis finalizes its engineering leadership as FCA and PSA brands merge technologies

Stellantis has chosen the top executives in its engineering organization following the FCA-PSA merger in January.

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