Penske Automotive posts record profit
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 …
Studies show GM builds the most American-made vehicle models
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 …
Penske Automotive reinstates dividend
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 …
Two papers win awards at SPE Automotive Composites event
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. …
Auto industry skids to all-time low in customer satisfaction
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: …
Shyft shows off new work truck products in online GM event
NOVI—The Shyft Group (Nasdaq: SHYF), formerly known as Spartan Motors Inc., the builder of specialty vehicles for commercial and retail market, announced it would showcase the new Severe Duty service …
Some car owners truly love their vehicles despite flaws, J.D. Power finds
TROY—When it comes to driving sales, as well as generating brand loyalty and advocacy, vehicles that create joy for their owners often overcomes any negatives caused by problems they experience. …
Domestic automakers turn in best quality performance ever
TROY—The customer experience analytics firm J.D. Power has released its 2020 Initial Quality Study for new cars. The iconic study, redesigned this year, measures components that fail and features that …
Rightware, LG develop auto industry’s first curved OLED display
DETROIT—The Troy office of Rightware, the Helsinki, Finland-based developer of automotive user interface software, announced it collaborated with LG Electronics to develop the industry’s first curved OLED (organic light-emitting diode) …
Shyft Group names new HR chief
NOVI—Shyft Group (NASDAQ: SHYF), formerly Spartan Motors, announced the appointment of Colin Hindman as chief human resources officer. In this role, Hindman is responsible for developing and executing human resources …