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The IRS filed tax liens of more than $1.4 billion against former Reynolds and Reynolds Co. CEO Bob Brockman in two Colorado counties, both individually and involving properties the government says are affiliated with him, according to a newspaper report. The Aspen Times reported the liens this week. They cover 12 years — 2004 through

In this article UBER PDG-GB A space for electric vehicle charging in London, U.K. Keith Mayhew/SOPA Images | LightRocket | Getty Images The CEO of major automotive retailer Pendragon has acknowledged the challenges facing the electric vehicle sector but believes that adoption rates will increase going forward. Speaking to CNBC’s “Squawk Box Europe” on Wednesday,

Lithia Motors Inc. has entered Georgia with the acquisition of a Honda store and separately bought a Chrysler-Dodge-Jeep-Ram-Fiat dealership in Southern California. Both transactions closed on Monday. Combined, the two acquisitions will add an expected $320 million to Lithia’s annual revenue. Lithia bought Curry Honda in Chamblee, Ga., northeast of Atlanta, from Bernie Curry. Lithia

In this article DAI-DE BMW-DE VOW3-DE 9868-HK NIO The electric vehicle sector is seeing its “most exciting moment” now — and consolidation in the sector cannot be avoided, says Bain & Company’s Helen Liu. “I would say that consolidation is an inevitable trend in this industry,” Liu, partner at the consultancy firm, told CNBC’s “Capital

In this article TSLA The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. Alexandria Sage | Reuters As part of its investigation into Tesla Autopilot safety issues, the National Highway Traffic Safety Administration on Monday requested data from 12 other big automakers about their

DETROIT — Right after its official debut during Sunday night’s nationally televised NFL game, the redesigned 2022 Toyota Tundra will make its first auto show appearance next week here. The full-size pickup will be shown at Motor Bella, an outdoor event set for Sept. 21-26 at the M1 Concourse in Pontiac, a suburb about a

Toyota Motor Corp. and Tesla Inc. clashed with Ford Motor Co. and the UAW over a proposal by Democrats in the U.S. House to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive. Toyota on Monday said the plan includes “exorbitant” tax breaks for the wealthy. Toyota is one of several non-unionized automakers complaining

In this article BABA A Deeproute.ai robotaxi on display. Deeproute.ai GUANGZHOU, China — Alibaba has led investments worth more than $300 million into Chinese autonomous driving start-up DeepRoute.ai. The Shenzhen-based start-up makes the self-driving systems for vehicles that involve hardware and software. DeepRoute.ai runs a fleet of autonomous taxis with some operated by its partners

6:16 PM ET Associated Press PORTLAND, Ore. — When Alex Palou and teammate Scott Dixon missed the first turn on the first lap at Portland International Raceway, it put Pato O’Ward in position to take firm hold of the IndyCar championship. But the two Chip Ganassi Racing drivers didn’t panic, even when IndyCar sent Palou

DETROIT — Jason Stein, the outgoing publisher of Automotive News, has been named president and corporate development officer of Motormindz automotive consulting firm. Stein, 49, will be in charge of expanding the company’s global presence and launching its venture fund, Motormindz said in statement Monday. He leaves Automotive News on Wednesday after 18 years at

In this article F Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor has hired an online retail sales veteran as its new chief digital and information officer – marking the second high-profile

7:03 PM ET Associated Press MOHNTON, Pa. — Tommy Johnson Jr. won the Mopar Express Lane NHRA Nationals on Sunday as a substitute driver for Matt Hagan, beating John Force in the Funny Car final in the playoff opener. With Hagan recovering from COVID-19, Don Schumacher Racing turned their Dodge Charger SRT Hellcat over to

Genesis marked a significant milestone in May after five long years of struggling to establish itself in the U.S. The luxury upstart sold the first of its eagerly awaited GV70 compact crossovers. The brand had suffered with a sedan-only lineup since its launch in late 2015. But it finally had a rounded portfolio, with the

7:23 AM ET Associated Press PORTLAND, Ore. — Alex Palou earned the first pole of his IndyCar career and put himself in position to reclaim the championship lead Sunday at Portland International Raceway. Palou turned a top lap of 58.7701 seconds in Saturday qualifying on the 1.964-mile, 12-turn permanent road course built in 1960. The

In this article VOW3-DE JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan said Wednesday it plans to buy a majority stake of close to 75% in Volkswagen’s payments business. The U.S. banking

Tesla had nearly twice as many electric vehicles registered in the U.S. during the first seven months of 2021 as the rest of the industry combined — accounting for two out of every three EV registrations. Tesla’s U.S. registrations soared 75 percent through July to reach 168,021. Because Tesla doesn’t report monthly sales results or

6:53 PM ET Associated Press MOHNTON, Pa. — Cruz Pedregon topped Funny Car qualifying for the first time in more than six years Saturday at the Mopar Express Lane NHRA Nationals, the first event of the NHRA Countdown to the Championship playoffs. The 57-year-old Pedregon, a two-time season champion and two-time event winner at Maple

The murder of George Floyd in police custody in May 2020 sparked discussion across the auto retail world about how to best address employment gaps of underrepresented groups in the industry. There was confusion on how — and where — to start. Many diversity, equity and inclusion programs that flourish in corporate environments tend to

In this article F Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Michael Wayland | CNBC DETROIT – After a decade of mediocrity, shares of Ford Motor are up by

In this article 2057-HK Z550-CN WeRide’s Robovan, an autonomous vehicle designed for urban logistics. WeRide has partnered with automaker Jiangling Motors and delivery firm ZTO Express, for the Robovan project. WeRide GUANGZHOU, China — Chinese autonomous driving start-up WeRide has partnered with a top carmaker and delivery company to launch a self-driving cargo van. The

In a bid to get important products to the market faster, General Motors accelerated the timetables for billion-dollar investments at two Canadian assembly plants, CAMI Assembly and Oshawa Assembly. But to do so, GM has taken unusual steps to get the plants up and running sooner. In July, GM confirmed that German supplier Kuka will

8:12 PM ET Associated Press MOHNTON, Pa. — Brittany Force broke the Maple Grove Raceway speed record Friday to lead Top Fuel qualifying in the Mopar Express Lane NHRA Nationals, the first event of the NHRA Countdown to the Championship playoffs. Seeking her seventh straight No. 1 and ninth of the season, Force had a

When Melvin Cooper heard that a distressed service center for medium- and heavy-duty trucks was up for sale in 2014 just minutes from his growing Chevrolet dealership, he jumped on the opportunity. Buying the business, now known as National Truck Sales & Service, has allowed Cooper to free up service department capacity at the Chevrolet

In this article F A man holds a petrol nozzle in a petrol pump in Kolkata, India, 03 July, 2021. Indranil Aditya | NurPhoto | Getty Images DETROIT – Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the

Toyota Motor Corp. is recalling 158,489 Tundra pickup trucks because of faulty headlight electrical circuits that may power high and low beams at the same time, which could lead to overheating. The recall involves vehicles from the 2018-21 model years. In a safety recall report, Toyota said the flaw of both beams being on simultaneously

In this article GM General Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images General Motors’ vehicle sales and production will be hit harder by the global chip

Employees at global supplier ZF Friedrichshafen’s plant in Marysville, Mich., went on strike Thursday after the UAW said the company backed out of an agreement to recognize the employees’ intentions to join the union. ZF disagreed, saying it did not renege on what is known as a neutrality agreement. Production is continuing at the plant,

2022 Chevrolet Silverado ZR2 GM DETROIT – General Motors will add a new off-road version of the Chevrolet Silverado 1500 to its highly profitable truck lineup next year, ahead of the brand’s push into electric pickups. The automaker unveiled the 2022 Silverado ZR2 online Thursday as a new vehicle as part of an updated lineup

1:33 PM ET Associated Press ATHENS, Greece — The World Rally Championship returned to Greece after an eight-year absence Thursday with a crowd-pleasing special stage around Athens’ main Syntagma Square. Prime Minister Kyriakos Mitsotakis launched the race at the foot of the Acropolis. “We’re absolutely thrilled that the Acropolis Rally is back in Greece,” Mitsotakis

In this article .FKRX300 GM Signage stands on display outside the General Motors Co. Orion Assembly plant in Orion Township, Michigan, U.S., on Friday, March 22, 2019. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is extending downtime at a Michigan plant that produces its Chevrolet Bolt EV as it works with