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To sell or stay and grow remain constants in conversations involving dealership consolidation. Last month, we invited dealers to submit their succession stories, or reasons for deciding to exit auto retail, for consideration in a future feature. Automotive News is committed to covering the active dealership buy-sell market, in which we continue to see many

In this article GM F STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis on Friday offered significant four-year wage increases to its hourly workers

Ryan McGee, ESPN Senior WriterSep 8, 2023, 08:43 AM ET Close Senior writer for ESPN The Magazine and ESPN.com 2-time Sports Emmy winner 2010, 2014 NMPA Writer of the Year To celebrate NASCAR’s 75th anniversary, we’re detailing our 75 favorite things about the pinnacle of stock car racing. Illustration by ESPN We are closing in on

Volvo Cars is restructuring its U.S. and Canadian operations as part of an $88 million global effort to tighten spending, drive efficiencies and update its work force for an all-electric future. Volvo Car USA and Canada President Michael Cottone said the initiative, code-named CORE+, is “all-encompassing.” “There’s not any area of the business that is

Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Prices of wholesale used vehicles may have bottomed for the year, as Cox Automotive said prices last month increased for the first time since March. Cox reported Friday its Manheim Used Vehicle

Sep 7, 2023, 10:44 AM ET IndyCar Rookie of the Year leader Marcus Armstrong has signed a multiyear extension with Chip Ganassi Racing that will see him compete in the full series schedule, including the Indianapolis 500, starting in 2024. Armstrong, 23, holds a 26-point lead over Agustin Canapino for top rookie honors entering Sunday’s

Diversified supplier Magna International Inc. said Thursday it expects to generate $2.5 billion in annual revenue from electric vehicle battery enclosures by 2027, up significantly from just $100 million in 2022. The enclosures, which house high-voltage batteries and other important EV components, are seen as a major area of growth for North America’s largest parts

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on

Marshall Pruett, Racing columnistSep 7, 2023, 05:34 PM ET Christian Lundgaard won his first IndyCar race in Toronto in his second full season in the series. Lance McMillan/Toronto Star via Getty Images The driver from Denmark was a mystery to IndyCar teams in 2021. He had the entirety of the paddock reaching for their phones and

The off-road focused Mustang Mach-E Rally will produce at least 480 hp and 650 pound-feet of torque from a special two-motor layout and will be priced from around $65,000, not including shipping, Ford Motor Co. said Thursday. The 2024 crossover, revealed in July, will go on sale early next year. Ford said it is equipped with

In this article HLT TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla logo is seen on a charging station in Virginia, Aug. 16, 2023. Celal Gunes | Anadolu Agency | Getty Images Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year,

Jeep says the dents and scratches in a vehicle can tell a story. The brand’s new commercial for the Grand Cherokee shows how these blemishes can bring back memories. It’s being launched alongside a global campaign for the Wrangler as Jeep strives to avoid a fifth consecutive year of declining U.S. sales. Jeep’s 12 percent

In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night. “I think our strike can reaffirm to

Sep 6, 2023, 02:35 PM ET Myles Rowe is one step closer to joining the IndyCar Series. Rowe, who became the first Black driver to win an open-wheel championship in a North American series when he clinched the USF Pro 2000 title Saturday, will join HMD Motorsports in the Indy NXT series in 2024, the

WASHINGTON — The nation’s top auto safety regulator on Tuesday said it has determined 52 million airbag inflators made by ARC Automotive and Delphi are defective and should be recalled. The agency’s initial decision affects about 41 million driver and passenger inflators made by ARC from 2000 through January 2018 and about 11 million driver

A BYD Co. Seal electric sedan during the media day for the Munich Motor Show (IAA) in Munich, Germany, on Monday, Sept. 4, 2023. Bloomberg | Bloomberg | Getty Images Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard.  Kames spoke

All 10 Formula One teams spent within the budget cap for the 2022 season, the governing FIA announced on Tuesday. F1 teams were restricted to a budget of $135 million last year and each has been handed a certificate of compliance to say they operated within that figure. The audit of the 2022 cap was

Used-vehicle dealership operator America’s Car-Mart said Tuesday its president, Doug Campbell, will succeed Jeff Williams as CEO on Oct. 1. Campbell will remain the company’s president and also join its board of directors, America’s Car-Mart said in a news release. Williams will stay on the board and hold a CEO emeritus title through the end

High-stakes negotiations between the United Auto Workers and Detroit automakers could lead to a strike later this month, putting added pressure on already beaten-down shares of Ford Motor (F). The risk of a walkout by the union has also created near-term uncertainty for General Motors (GM) and Stellantis (STLA) — the Dutch owner of the

Associated Press Sep 5, 2023, 12:45 PM ET MONTEREY, Calif. — Felix Rosenqvist will end his two-year waiting game with Arrow McLaren Racing by moving on next year to drive for Meyer Shank Racing. The Swedish driver will replace Simon Pagenaud, who has been sidelined since July with concussion-like symptoms suffered in a crash at

The CEOs of Nvidia and Lucid each earned hundreds of millions of dollars more than the leaders of other publicly traded U.S.-based automotive companies in 2022, according to this year’s Automotive News/Equilar CEO Compensation Survey. Overall, however, the study found that CEO compensation declined slightly from 2021. Nvidia, which makes computer chips, gave Jensen Huang

The Mercedes-Benz Concept CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker’s push into electric cars. Mercedes-Benz Mercedes-Benz and BMW took the wraps off electric concept cars as they look to catch up with Tesla in the premium end of the market. At the IAA auto

Mercedes-Benz plans to make owning a G-Class a little bit easier. The automaker will build a smaller version of the boxy off-roader, CEO Ola Kallenius said on Sunday. The vehicle will be electric and “fun to drive — on and off the road,” Kallenius said at an event on the eve of the IAA Mobility

In this article ZE594-CN XPEV Follow your favorite stocksCREATE FREE ACCOUNT BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC Munich, GERMANY — The IAA in Munich, Germany is one of Europe’s most high-profile

Sep 4, 2023, 10:05 AM ET Lewis Hamilton apologised to McLaren’s Oscar Piastri on Sunday for an Italian Grand Prix collision that dumped the Australian rookie out of the points after he had to pit for a new front wing. Mercedes’ seven-times world champion, the sport’s most successful driver who finished sixth despite a five-second

While Volvo, Volkswagen and Buick trim or eliminate wagons from their U.S. lineups, Mercedes-Benz is sticking with a different direction — off-road — with the next-generation E-Class wagon coming next summer. The 2024 E-Class All-Terrain, introduced Sunday at the Munich auto show, grows taller, wider and longer than the outgoing model, and undergoes a host

In this article 9866-HK NIO 9868-HK XPEV 2015-HK LI ZE594-CN Follow your favorite stocksCREATE FREE ACCOUNT Pictured here is a Nio pop-up store in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese electric car companies Nio, Xpeng and Li Auto delivered enough vehicles in August to keep pace

Carlos Sainz was robbed of his £500,000 Richard Mille watch in Milan hours after finishing third at the Italian GP, but was able to chase down the robbers and retrieve it. The Ferrari driver, still wearing his team kit after leaving the Monza circuit, was targeted by thieves near the Armani hotel in Milan. Reports

MUNICH — While Mercedes-Benz has focused on electrifying its flagship cars and SUVs, the German luxury marque is now turning its gunsights on the other end of the product portfolio. On Sunday at the Munich auto show, Mercedes revealed the Concept CLA Class, a four-door coupe that previews a new “electric-first” platform, underpinning future compact

In this article MBG-DE Follow your favorite stocksCREATE FREE ACCOUNT The Mercedes-Benz G Class is a luxury SUV that has become popular in the U.S. Scott Olson | Getty Images News | Getty Images Mercedes plans to launch a smaller version of its high-end G Class sports utility vehicle, the German carmaker’s CEO told CNBC