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SOUTHFIELD, Mich.–(BUSINESS WIRE)–New research from IHS Markit (NYSE: INFO) shows that the average age of light vehicles in operation (VIO) in the U.S. has risen to 12.1 years this year, …
BLOOMFIELD HILLS—Penske Automotive Group Inc. has named Michelle “Shelley” Hulgrave executive vice president and CFO. She had been senior vice president and corporate controller. Hulgrave succeeds J.D. Carlson, who is …
NOVI—Stoneridge Inc. (NYSE: SRI) reported first quarter net income of $130,000 or less than a penny a share in the first quarter, down from $3.5 million or 13 cents a …
NOVI—Officials at Shyft Group Inc. (Nasdaq: SHYF), formerly Spartan Motors, announced the addition of Terri Pizzuto and Mark Rourke to the company’s board of directors. Shyft is a manufacturer of …
DETROIT—General Motors Co. (NYSE: GM) announced that more than 650 hourly employees at its sites in the United States will transition from temporary to regular full-time employment in January. These employees …
BLOOMFIELD HILLS—Penske Automotive Group Inc. (NYSE: PAG) posted net income of $246.6 million or $3.07 a share in the third quarter of 2020, up from $116.2 million or $1.42 in …
DETROIT—General Motors produces more models with the highest amounts of American-produced components than any other automaker, according to two recent independent studies. In the Cars.com annual American-Made Index for 2020, nine …
BLOOMFIELD HILLS—The board of directors of Penske Automotive Group Inc. (NYSE:PAG) has voted to reinstate the company’s dividend. The dividend of 42 cents a share will be paid Dec. 1 …
TROY—The organizing committee for the SPE Automotive Composites Conference & Exhibition (ACCE) honored the Best Paper Award winners for the group’s 20th annual program at their virtual event Sept. 9-11. …
ANN ARBOR—The U.S. auto industry, like the economy at large, couldn’t escape the crosshairs of the COVID-19 global pandemic. But that’s not the only hurdle the industry has to overcome: …