Report says Lordstown will sell Ohio plant to Foxconn
Electric pickup truck makers Lordstown Motors is positioned to sell their plant in Ohio to Foxconn Technology Group out of Taiwan, according to reports. A deal is imminent, according to...
TSLA411.84032.13%
GM77.340-0.76%
F14.035-0.095%
RIVN16.8101.18%
CYD46.2001.38%
HMC27.2800.45%
TM171.360-0.12%
CVNA63.7201.37%
PAG180.060-2.15%
LAD291.360-0.74%
AN188.890-2.75%
GPI297.850-3.89%
ABG201.460-3.71%
SAH84.6700.16%
TSLA411.84032.13%
GM77.340-0.76%
F14.035-0.095%
RIVN16.8101.18%
CYD46.2001.38%
HMC27.2800.45%
TM171.360-0.12%
CVNA63.7201.37%
PAG180.060-2.15%
LAD291.360-0.74%
AN188.890-2.75%
GPI297.850-3.89%
ABG201.460-3.71%
SAH84.6700.16%
TSLA411.84032.13%
GM77.340-0.76%
F14.035-0.095%
RIVN16.8101.18%
CYD46.2001.38%
HMC27.2800.45%
TM171.360-0.12%
CVNA63.7201.37%
PAG180.060-2.15%
LAD291.360-0.74%
AN188.890-2.75%
GPI297.850-3.89%
ABG201.460-3.71%
SAH84.6700.16%
Daily Automotive News
Report shows that conventional mobility has gained back ground due to COVID
Consumers have been warming to non-traditional notions of mobility like ridesharing, car subscriptions, and alternative last-mile transportation options over the past decade. But when the pandemic arrived in full force,...
Asbury Automotive Group to acquire Larry H. Miller Dealerships in $3.2B deal
DULUTH, G.A., Sept. 29, 2021— Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of...
A mixed bag in the latest Cox Automotive Weekly Summary
Cox Automotive released its weekly summary Monday, which included updates on sales and prices across the auto market, the Fed’s potential plans, home sales and construction statistics, consumer sentiment, and...
Ford commits $11.4 billion for shift to electric vehicles
A monumental announcement by Ford CEO Jim Farley sees the carmaker investing $11.4 billion into electrified mobility. The investment will create roughly 11,000 new jobs and is by far the...
Is your dealership vulnerable to a cyber attack? Tiffany Simonsen weighs in.
On the latest episode of Straight to the Point, host Frank J. Lopes sits down with Security Solutions Consultant at Intrinium, Tiffany Simonsen. Lopes gets straight to the point and asks Simonsen,...
Electric car company Polestar to go public via SPAC
One of the electric car companies that are already producing and delivering new vehicles to consumers is taking the plunge into the stock market. A press release was issued on...
Cost of chip shortage expected to double, but Musk sees an end in sight
In May 2021, AlixPartners predicted that the chip shortage plaguing the auto industry since the middle of the pandemic would end up costing the auto industry $110 billion US in...
Sonic Automotive Pres. Jeff Dyke discusses $700M acquisition of RFJ Auto Partners
Sonic Automotive, one of the nation’s largest retailers, recently announced the acquisition of RFJ Auto Partners. RFJ Auto consists of 33 franchised and used vehicle dealerships. This deal, expected to...
Salty Dot gets acquired by this auto dealership solutions company and Ford invests $50M into a battery recycler
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the...
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