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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