Canadian partners buy first dealership, in the U.S.

PATH Auto Group partners Phil Alalouf and Todd Hewitt in April purchased their first dealership, a Volkswagen dealership in California.

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Ed Morse Automotive bolsters Illinois footprint

Ed Morse Automotive Group further bolstered its domestic brand store offerings with the purchase of three Illinois dealerships in two May acquisitions.

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Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Investors said Musk used Twitter posts, online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense.

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Rivian cancels ‘tank turn' feature to prevent trail abuse

CEO RJ Scaringe says the R1T pickup can spin like a tank — as shown in a viral 2019 video — but the potential for environmental damage is too great.

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Toyota snaps losing streak; Honda surges again; Hyundai, Kia post double-digit gains in May

U.S. light-vehicle sales are forecast to rise 18-20 percent in May, as retail selection improves, consumer incentives rebound and automakers fill a backlog of fleet orders.

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Subaru's Jeff Walters: Lean inventory levels finally improving

Subaru of America President and COO Jeff Walters, who succeeded CEO Tom Doll on April 1, says the brand's lean inventories are starting to finally grow as production constraints ease, which can only help its retailers.

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Nvidia CEO plans trip to meet China executives despite U.S. curbs, report says

Nvidia is a key player in the booming field of artificial intelligence, but its position in China has been complicated by U.S. sanctions, which prevent the company from selling its most advanced AI chipsets to Chinese customers.

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