2023 Kia Telluride adds off-road muscle, higher price

Kia's 2023 Telluride comes with revised styling, a larger interior display and off-road capability — and a bigger price tag.

from Section Page News - Automotive News https://ift.tt/VbxQaiH via Falls Church auto repair

Bentley reports record profit in Q3 on sales of niche models

Operating profit for the first three quarters of 2022 was 575 million euros ($568 million), as global economic uncertainty did not dent customer interest, especially for niche models and customization. 

from Section Page News - Automotive News https://ift.tt/EOFaYfL via Falls Church auto repair

Aston Martin cuts delivery outlook

The company now expects to deliver as few as 6,200 cars, down from an earlier projection of more than 6,600 units, after parts shortages prevented some 400 autos from being shipped in the third quarter, it said.

from Section Page News - Automotive News https://ift.tt/4bB9Q50 via Falls Church auto repair

Subaru struggles to compete with McDonald's on wages as automaker shies away from U.S. EV investments

Subaru says soaring labor costs are one reason the company is not thinking of new investments to build EVs in the U.S. anytime soon. Subaru said its third-quarter net income nearly doubled to $350.2 million.

from Section Page News - Automotive News https://ift.tt/6zDaAML via Falls Church auto repair

Mitsubishi weighs possible stake in Renault EV spinoff

Operating profit more than tripled to 53.8 billion yen ($372.3 million) and net income more than doubled to 44.1 billion yen ($240.4 million) in the three-month period.

from Section Page News - Automotive News https://ift.tt/l47098u via Falls Church auto repair

Credit Acceptance sees more loans from dealers as Q3 earnings plunge

Credit Acceptance posted net income of $86.8 million, down 65 percent from a year earlier.

from Section Page News - Automotive News https://ift.tt/ByOJamc via Falls Church auto repair

Tesla closes its first showroom in China

EV maker Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market.

from Section Page News - Automotive News https://www.autonews.com/automakers-suppliers/tesla-closes-its-first-showroom-china via Falls Church auto repair