Group 1 Automotive Inc. has expanded its U.S. luxury portfolio with the purchase of Mercedes-Benz of Anaheim in California. The store appears to have been owned by Caliber Motors, according to California dealership license records, and was founded in 1984, according to the store’s website. A Group 1 spokeswoman confirmed the transaction happened Thursday. The
News
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor said Friday that it has achieved CEO Jim Farley’s goal of becoming the second best-selling automaker of electric vehicles in the U.S.
12:08 PM ET Associated Press Marcus Armstrong was a Scott Dixon fan his entire life. When he was 8, the aspiring young racer asked his fellow New Zealander to autograph a helmet visor that he hung on his bedroom wall. Next year, Armstrong will be Dixon’s teammate. Armstrong on Friday was named the fourth IndyCar
Stellantis CEO Carlos Tavares will give a keynote address and reveal two concept vehicles at the CES technology show in Las Vegas on Jan. 5. Tavares will show the Peugeot Inception and the Ram 1500 Revolution electric pickup concept at the show. The Inception concept “will give a taste of the next generation of models,” Peugeot
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors and LG Energy Solution will spend an additional $275 million in their joint
1:10 PM ET Associated Press Jamie Chadwick, the three-time W Series champion, has at last parlayed her success in the all-women series into a bigger ride. The British racer on Thursday was selected the driver for Andretti Autosport in the Indy NXT Series next season. Indy NXT is the new name of the rebranded Indy
The 2022 Automotive News Leading Women conference tackled issues such as diversity and work cultures, leading multigenerational teams and leadership lessons. Keynote speakers were racing pioneer Lyn St. James and Lisa Bodell, CEO of FutureThink. Automotive News Vice President of Editorial Operations Chrissy Taylor moderates the panel discussion on diversity, equity and inclusion with Lia Theodosiou-Pisanelli,
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla Inc. Tesla CEO Elon Musk kicked off deliveries of the company’s first few production Semi trucks on Thursday, speaking on stage at the company’s
11:15 AM ET Mike Shank has built a racing empire from the ground up. Justin Casterline/Getty Images for SiriusXM Spend a few minutes following the never-ending volley of insults, accusations and conspiracy theories leveled between Red Bull team principal Christian Horner and Mercedes-AMG boss Toto Wolff, and you could get the impression that folks in charge
Sen. Richard Blumenthal, D-Conn., earlier this week said he planned to ask the Federal Trade Commission, as well as state authorities, to investigate Ford Motor Co.’s electric vehicle certification program over potential violations of franchise laws in what he labeled an “egregious treatment” of dealers. Blumenthal joined a bipartisan group of Connecticut state legislators in
In this article FSR FSR Follow your favorite stocksCREATE FREE ACCOUNT Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric
Honda Motor Co. will build a fuel cell electric version of its sixth generation CR-V compact crossover starting in 2024. In addition to using fuel cell technology, which promises quick refueling and generous range, the vehicle will feature a plug that will enable drivers to charge the onboard battery for electricity-powered trips around town. The
In this article AAPL TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Anadolu Agency | Anadolu Agency | Getty Images Tesla and SpaceX CEO Elon Musk, who is also the new owner and CEO of Twitter, bashed Apple this week after claiming the company has threatened to remove the Twitter app from its App Store,
DETROIT — Cruise, the General Motors robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023, COO Gil West told Reuters. Cruise has announced plans to start offering rides in Austin and Phoenix, adding those cities to its current base in San Francisco. West said
Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly
6:09 AM ET Esteban Ocon has taken a parting shot at former Alpine teammate Fernando Alonso, saying the Spaniard barely did any work to push the team forward. Alonso is joining Aston Martin next year and has already predicted his new team can beat Alpine in 2023. The Spaniard grew increasingly critical of Alpine and
DETROIT — Stellantis is working to ease dealerships into its ambitious electric vehicle rollout, but it has no plans to specify the dollar amounts they’ll need to invest as General Motors and Ford Motor Co. have done. The automaker has partnered with Future Energy, a company that advises dealerships on how to set up charging
In this article RIDE Follow your favorite stocksCREATE FREE ACCOUNT Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Electric truck startup Lordstown Motors said Tuesday it began shipping its pickup truck to customers after receiving