Dealership management system giant Reynolds and Reynolds Co. ended its legal challenge to a state law in Arizona that gives auto retailers more control of data inside their DMS, bringing the 2-year-old case to a close shortly before the new year. U.S. District Judge G. Murray Snow signed an order Dec. 27 dismissing Reynolds’ remaining
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In this article F The all-electric Ford F-150 Lightning truck during an augmented reality presentation at the Motor Bella Auto Show in Pontiac, Michigan, on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Images DETROIT – Shares of Ford Motor soared by roughly 140% last year, beating Tesla, its larger crosstown rival General
SEOUL — Hyundai Motor Co. and affiliate Kia forecast that their combined global sales will jump 12 percent in 2022, even as last year’s sales fell short of target due to the global chip shortage. The companies sold 6.67 million vehicles in 2021, about 3.7 percent less than their combined target of 6.92 million vehicles,
Tesla Inc. delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the EV maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club. The better-than-expected results posted Sunday pushed Tesla’s total sales for the year to more than 936,000, up about
In this article TSLA Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021. Qilai Shen | Bloomberg | Getty Images Tesla said on Sunday that it delivered more than 308,000 electric vehicles in the fourth quarter of 2021, beating its previous single-quarter
Chip shortages have delayed the launch of a key new McLaren model — again. Deliveries of the Artura have gotten pushed to early July, the third delay of McLaren’s plug-in hybrid supercar. The original October 2020 market launch was delayed to June 2021 because of operating challenges caused by the pandemic. Supplier-related issues then pushed
Logan Brown admits to being a bit skeptical when he heard about a competition to find the best automotive technician in the country. “I thought it was a scam,” said the Lebanon, Pa., tech. Once convinced the inaugural U.S. Auto Tech National Championship was legitimate, he drove to Boston in early October to compete —
Tesla Inc. and Elon Musk may have extra to celebrate for New Year’s Eve on Friday as workers push toward record quarterly deliveries in the waning hours of 2021, capping a remarkable year in which the electric-car company’s market value zoomed past $1 trillion. Deliveries are one of the most closely watched metrics at Tesla:
In this article F The “2021” numerals were towed into Times Square last December by the Kia Sorento SUV after a cross-country road-trip that started at the automaker’s U.S. headquarters in Irvine, California, and covered more than 5,500 miles with stops in 15 states. Kia DETROIT – The automotive industry may never be the same
Elon Musk sold a further $1.02 billion of Tesla Inc. shares, taking him close to his target of reducing his stake in the electric-car maker by 10 percent. Tesla’s CEO — also the world’s richest person — sold 934,090 shares, according to a filing with the U.S. Securities & Exchange Commission. Musk has been offloading
10:12 PM ET Associated Press CARLSBAD, Calif. — – Deke Houlgate, a longtime West Coast sports publicist whose clients included such auto racing greats as Mario Andretti, Rick Mears, Richard Petty and Johnny Rutherford, has died. He was 91. He died Sunday at his home in Carlsbad north of San Diego of COVID-19-related illness, son
Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S EVs to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said. The EV maker is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due
When engineers went to work designing the fifth-generation Range Rover in 2016, the iconic luxury off-road SUV had to be capable of doing something no Range Rover has ever done before: carry seven people over the river and through the woods to grandmother’s house. Every Range Rover built since the first one in 1970 has
Ford Motor Co.’s surging stock gave it a market value greater than rival General Motors for the first time in more than five years. Ford had a market value of $83 billion at Tuesday’s close in New York, just barely ahead of GM’s $82.9 billion. The last time Ford was valued at more than its
Rivian Automotive Inc. is delaying deliveries of electric pickup truck and SUVs equipped with Max battery packs to 2023, CEO RJ Scaringe said in a letter to customers on Tuesday. Scaringe said the majority of Rivian’s roughly 71,000 preorders for the R1T pickup truck and R1S SUV in the United States and Canada were for
In this article TSLA Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares, or about $1.02 billion worth of his holdings, in his electric car and solar business according
Geely Holding said its premium electric mobility brand, Zeekr, will make electric vehicles for Waymo, Alphabet Inc.’s self-driving unit, to be deployed as fully autonomous ride-hailing vehicles across the United States. The vehicles will be designed and developed at Zeekr’s facility in Sweden, and later integrated with Waymo’s self-driving technology, Geely said on Tuesday. Waymo
When General Motors Corp. filed for bankruptcy and reorganized in 2009, the makings of a Wall Street darling emerged from the wreckage. Aptiv Plc, which grew out of the parts unit spun off from the iconic automaker, soared to $48 billion in market value earlier this year after transforming into a savvy technology company built
The National Highway Traffic Safety Administration (NHTSA) has stepped up its probe into engine fires that have plagued some Hyundai Motor Co and Kia Motors Corp vehicles for more than six years. The U.S. auto safety agency said it had opened an “engineering analysis” covering about 3 million vehicles to evaluate, among other things, the
New cars for export wait for shipping at a seaport in Yantai, China on September 7, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Chinese authorities will allow full foreign ownership of passenger car manufacturing in the country beginning Jan. 1, 2022. That’s according to a release Monday from the Ministry of
Ferrari has signed a multi-year accord with Swiss technology firm Velas Network to create digital content for its fans. Starting next season, Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team. “In addition, Velas will be Title Sponsor of the Ferrari Esports Series, the online mono-brand
Your car may be more valuable than what’s in your portfolio. Used auto prices are rising faster than bitcoin and other assets, according to market researcher Jim Bianco. “If you want to know what the best investment you probably had in 2021, it’s that car sitting in your driveway or in that garage,” the Bianco
Prime Subaru of Manchester, N.H., has filed a protest with the state’s Motor Vehicle Industry Board over Subaru of New England’s refusal to approve Group 1 Automotive Inc. as buyer of the dealership — the last remaining store in the Prime Automotive Group portfolio. The protest, dated Dec. 10, seeks a hearing and cites violations
Remarketing industry veteran Tom Caruso died Monday at 62 after a battle with cancer. He began his career in 1980 as fleet manager of Concord Auto Auction, becoming general manager in 1984. He was key in winning numerous local and national accounts, which led to its acquisition by ADESA in 1992. Caruso later became executive
General Motors and Waymo are the latest companies to cancel CES plans over COVID-19-related concerns. GM CEO Mary Barra had been scheduled to give a keynote speech at the annual conference on Jan. 5, during which the company would have shown its electric Silverado pickup for the first time. Barra will still make the speech
Huawei Consumer Business Group CEO Richard Yu announced on Dec. 23, 2021, the first car with HarmonyOS will begin deliveries in February 2022. Evelyn Cheng | CNBC BEIJING — Less than a week after Chinese electric car start-up Nio announced its latest competitor to Tesla, Huawei released details on a vehicle with specs it claims
Three groups and a former dealership general manager bought dealerships in four December transactions that span from Alaska to Florida. Two transactions involved a group on Automotive News’ top 150 dealership groups list. Here’s a look at the transactions involving domestic- and import-brand stores. Swickard Auto Group on Dec. 15 acquired two General Motors dealerships
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager. Investor money this year poured into
Shunji Tanaka, a key designer of the iconic Mazda Miata, has died. He was 75. Tanaka led the exterior and interior design of the Mazda MX-5 Miata, a lightweight Japanese roadster inspired by postwar-era British sports cars. The car went on sale in the U.S. in May 1989 with a starting price of $13,800 and
Investors may want to look under the radar for electric vehicle plays in the year ahead, two traders say. With popular stocks such as Tesla and Nikola reaching exorbitant valuations, “we’re trying to play around the edges,” Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Thursday. “There’s two ways for investors to nibble