The Ed Morse Automotive Group announced today that it has acquired three dealerships in Fairfield, Texas. The dealerships were purchased from Foundation Automotive Corp.
The new dealerships will be:
Freedom Ford...
Ally Financial announced today that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board of Directors since 2015....
Excluding commercial vans, Mercedes-Benz reported 71,908 car sales in the U.S. during the third quarter of 2023. This is a 1.8% decrease from last year and the third consecutive quarter...
Auto loan and credit accessibility improved for the third consecutive month in September, according to Cox Automotive's Dealertrack Credit Availability Index.
After a slight decline in May, auto loan accessibility began...
In the evening of October 10th, just hours after 4,300 workers at three General Motors facilities in Canada went on strike, the Canadian union Unifor and GM tentatively reached an...
Stellantis and Samsung SDI today announced plans to build another electric vehicle battery factory in Kokomo, Indiana.
With this move, the companies will eventually operate two EV-related plants in the area,...
After Tesla's most recent price cuts, the EV maker's best-selling EVs now directly compete with gasoline cars on price. At $38,990, the base Model 3 is $8,700 less expensive than...
South Korean tech startup BOS Semiconductors has formed a partnership with U.S. artificial intelligence hardware company Tenstorrent to develop semiconductors for use in vehicles and vehicle manufacturing.
The partnership will give...
BMW broke its previous electric vehicle sales record in the U.S. as overall sales rose 8% year-over-year during the third quarter.
From July through September, the German automaker recorded total sales...