Final weekend for NAIAS
DETROIT—The North American International Auto Show runs through Sunday, Sept. 25 at 7 p.m. The show—the first since the pre-pandemic year of 2019—has moved from January to late summer and …
Hertz and GM plan major EV expansion
DETROIT–General Motors Co. (NYSE: GM) and Hertz (Nasdaq: HTZ) announced an agreement in which Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs over the …
Dodge ‘Speed Week’ Heading for Woodward
AUBURN HILLS–The next chapter of the Dodge brand will be written during a multi-day Dodge Speed Week event, set for Aug. 12-20. It will include three consecutive days of worldwide …
Penske expands in southern California
BLOOMFIELD HILLS–Penske Automotive Group Inc. (NYSE: PAG), a transportation services company and automotive and commercial truck retailer, announced that it has acquired BMW-Mini of Escondido, along with a collision center, …
Consumers, GM plan to power auto plants with 100% clean energy
JACKSON—Consumers Energy and General Motors today announced a new pledge to power Michigan automotive plants in Flint, Burton and Wyoming with clean energy, partnering to build the next generation of …
J.D. Power adds EV, connected vehicle positions
TROY—J.D. Power, the Troy-based consumer data analytics provider, announced staffing changes within its automotive division that include the hiring of Elizabeth Krear as vice president of the new EV (electric …
Ford, ADT in vehicle security joint venture, ‘Canopy’
DEARBORN—Ford Motor Co. announced a joint venture with the security services provider ADT Inc. (NYSE: ADT) called Canopy that combines ADT’s professional security monitoring and Ford’s AI-driven video camera technology …
Ford profit slips
DEARBORN—Ford Motor Co. reported net income of $1.83 billion or 45 cents a share in the third quarter, down from $2.39 billion or 60 cents a share in the same …
Penske Automotive reports record quarterly results
BLOOMFIELD HILLS—Penske Automotive Group Inc. (NYSE: PAG) reported record third quarter and nine-month 2021 results, including a 43.9 percent increase in income from contributing operations and a 45.3 percent in …
Huron Capital completes sale of car marketing site
DETROIT—Officials at the Detroit private equity firm Huron Capital, announced the sale of the firm’s used car auction and remarketing platform XLerate Group to Brightstar Capital Partners, a New York …