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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 …
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 …
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 …
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 …
TROY—A balky transmission? Poor fit and finish? Nope. The automotive quality analysis firm J.D. Power’s latest U.S. Initial Quality Study found that smartphone connections are now the No. 1 quality …
ANN ARBOR—Customer satisfaction with the auto industry is stuck in neutral. Overall customer satisfaction with automobiles and light vehicles is unchanged with a score of 78 out of 100, according …
BLOOMFIELD HILLS—Ready to buy a used car entirely online? Bloomfield Hills-based Penske Automotive Group Inc. (NYSE: PAG) and Atlanta-based Cox Automotive Inc. are ready to sell you one that way. …
TROY—Nearly half, 49%, of all vehicle shoppers are willing to purchase a new vehicle online, which is an increase of 11 percentage points from 18 months ago and 4 percentage …
TROY–Officials at the Troy data analytics and consumer intelligence provider J.D. Power announced the company had acquired Edison, N.J.-based Superior Integrated Solutions Inc., a developer of finance and insurance software …
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, …