The past year presented one of the most complex operating environments in Ally's history, CEO Jeff Brown told investors.
Continue Reading the above article 'Ally net income surges 82% in Q4...
The legendary home run king for several years owned an Atlanta-based auto group that consisted of BMW, Mini, Honda, Toyota, Jaguar and Land Rover franchises.
Continue Reading the above article 'Hank Aaron, baseball Hall of Famer and former Geor...
IHS Markit forecasts that chip-related supply wrinkles will linger into the second quarter and possibly even the second half of this year.
Continue Reading the above article 'Ford Escape, Lincoln Corsair production halted aga...
The company began trading shares Friday under the "LOTZ" ticker symbol. CarLotz CEO Michael Bor said going public should help raise the online used-car retailer's profile and visibility.
Continue Reading the above article 'CarLotz shares start trading after reverse merger...
GM's comments came after authorities in Maharashtra earlier this week rejected the automaker's application to cease operations at its plant in the western Indian state amid protests by workers.
Continue Reading the above article 'GM warns Indian state's move to block its exit cou...
The proposed deal with a special-purpose acquisition company is set to value the combined entity at more than $2 billion, Bloomberg reported.
Continue Reading the above article 'Charging network EVgo near merger to go public, re...
The automaker, whose brands include Porsche, Audi and Bentley, said a robust sales recovery in the second half helped earnings.
Continue Reading the above article 'VW Group operating profit drops by half in 2020...
CEO Carlos Tavares will have an unusually large number of direct reports at Stellantis. He says that digital tools developed in the pandemic will make it possible to govern the far-flung group, which will sell cars in more than 130 countries.
Continue Reading the above article 'CEO Tavares will have 38 direct reports at Stellan...
Founder and former CEO Langley Steinert will now be executive chairman of the expanding vehicle listings company.
Continue Reading the above article 'CarGurus promotes finance chief Jason Trevisan to ...
NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter related to pension and other post-employment benefits plans.
Continue Reading the above article 'Ford recall of 3 million vehicles to cost $610 mil...