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Vitas at CDG
Vitas at CDG

Daily News

Hyundai commits to 80% U.S. production by 2030, cuts profit outlook

Sep 19, 2025

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4 min read

Hyundai commits to 80% U.S. production by 2030, cuts profit outlook

The South Korean automaker now expects its 2025 operating profit margin to land between 6% and 7%. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

BMW hedges against uneven EV adoption with diverse powertrain platforms

Sep 19, 2025

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3 min read

BMW hedges against uneven EV adoption with diverse powertrain platforms

BMW’s stance on keeping combustion engines isn’t an outlier but part of a broader industry recalibration. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Automotive tech CEOs clash over AI’s future role in the BDC

Sep 18, 2025

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4 min read

Automotive tech CEOs clash over AI’s future role in the BDC

Early use cases are showing that dealer input and context remain critical for AI performance. (4 min. read)

Marcus Amick
Marcus Amick

Daily News

Jaguar Land Rover faces weeks of production delays caused by cyberattack

Sep 18, 2025

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3 min read

Jaguar Land Rover faces weeks of production delays caused by cyberattack

Manufacturing is becoming a hotbed for organized cybercrime and automakers are in the crosshairs. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Service departments hold the key to better F&I performance, says Marion Cain

Sep 17, 2025

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4 min read

Service departments hold the key to better F&I performance, says Marion Cain

"The thing that F&I folks don't do enough is they need to go into the service department and spend time in the lanes," said Cain. (3 min. read)

Anna del Villar
Marcus Amick
Anna del Villar, +1

Daily News

Automakers see opportunity in EREVs, but most car buyers don’t know what they are – study

Sep 17, 2025

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4 min read

Automakers see opportunity in EREVs, but most car buyers don’t know what they are – study

More than 40% of new car buyers are unaware of what an Extended Range Electric Vehicle is, according to Escalent. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Mercedes-Benz strikes $11B battery deal with LG Energy to power its EV future in the U.S.

Sep 16, 2025

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4 min read

Mercedes-Benz strikes $11B battery deal with LG Energy to power its EV future in the U.S.

By decade’s end, every model in the Mercedes lineup, from the flagship S-Class to entry-level vehicles, will offer an electric option. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

After 70 years, Ford says good-bye to “The Glass House”

Sep 16, 2025

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4 min read

After 70 years, Ford says good-bye to “The Glass House”

Executive Chair Bill Ford said the move is designed to foster a more collaborative environment, bringing leadership closer to design and engineering teams. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Ram officially cancels upcoming EV pickup model citing slow demand

Sep 15, 2025

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4 min read

Ram officially cancels upcoming EV pickup model citing slow demand

While the BEV (battery electric vehicle) pickup is no longer moving forward, Stellantis still intends to introduce an extended-range (EREV) Ram. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Hyundai Motor temporarily grounds air taxi startup Supernal

Sep 15, 2025

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4 min read

Hyundai Motor temporarily grounds air taxi startup Supernal

The startup’s CEO Jaiwon Shin and CTO David McBride have departed in recent weeks, following staff cuts earlier this summer. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Dealer Matt Bowers is pursuing multi-state expansion, while keeping an eye on Carvana

Sep 12, 2025

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4 min read

Dealer Matt Bowers is pursuing multi-state expansion, while keeping an eye on Carvana

“I'm looking for stores that make an impact to me financially, to the people around me,” said Matt Bowers. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Tariff pressures are pushing Mazda to double down on higher-margin SUVs

Sep 12, 2025

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4 min read

Tariff pressures are pushing Mazda to double down on higher-margin SUVs

Mazda estimates that U.S. tariffs on auto imports from Japan (recently reduced to 15% from 27.5%) will still cost $1.58 billion. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Tricolor bankruptcy sparks fraud probes, banks face heavy losses

Sep 11, 2025

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4 min read

Tricolor bankruptcy sparks fraud probes, banks face heavy losses

Tricolor has sold nearly $2 billion worth of asset-backed securities since 2022, many of which remain outstanding. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

How Detroit-based LaFontaine Cadillac Buick GMC went from missed sales to market leader

Sep 11, 2025

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4 min read

How Detroit-based LaFontaine Cadillac Buick GMC went from missed sales to market leader

To stay ahead, the dealership is adding a mobile body shop van, tracking gap claims, and offering multi-state EV repairs. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Volkswagen commits $1.2 billion to AI by 2030 in bid to boost speed, cut costs

Sep 10, 2025

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4 min read

Volkswagen commits $1.2 billion to AI by 2030 in bid to boost speed, cut costs

“With artificial intelligence, we are igniting the next stage on our path to becoming the global automotive tech driver," said Hauke Stars, member of Volkswagen’s Board of Management. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Inventory shortages push more car buyers to order cars still in transit — report

Sep 10, 2025

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4 min read

Inventory shortages push more car buyers to order cars still in transit — report

CDK Global’s Ease of Purchase score rose to 89% in August, up from 86% in July and 77% in June. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

Car dealers leave $135 billion on the table every year, says strategic advisor John Murphy

Sep 9, 2025

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4 min read

Car dealers leave $135 billion on the table every year, says strategic advisor John Murphy

Capturing that lost revenue hinges on better collaboration between dealers and automakers. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Wholesale used EV values swell ahead of tax credit cutoff — report

Sep 9, 2025

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5 min read

Wholesale used EV values swell ahead of tax credit cutoff — report

“As we move toward the end of Q3, when EV incentives are set to expire, new and used EV sales have remained robust,” said Cox Automotive’s deputy chief economist Jeremy Robb. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

U.S., South Korea strike deal on release of detained Hyundai plant workers

Sep 8, 2025

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4 min read

U.S., South Korea strike deal on release of detained Hyundai plant workers

President Trump’s border czar, Tom Homan, told CNN’s Jake Tapper on “State of the Union” that more immigration raids like the one at the Hyundai plant could follow. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Auto retail tech investor Steve Greenfield on AI: ‘We're going to see a wave of new innovators’

Sep 8, 2025

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5 min read

Auto retail tech investor Steve Greenfield on AI: ‘We're going to see a wave of new innovators’

The ability to build software quickly, bypass traditional barriers, and leverage AI tools like ChatGPT is now empowering dealers to create their own solutions. (4 min. read)

Marcus Amick
Marcus Amick

Daily News

Pres. Trump signs executive order implementing lower U.S.–Japan auto tariffs

Sep 5, 2025

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4 min read

Pres. Trump signs executive order implementing lower U.S.–Japan auto tariffs

After months of negotiations, Trump signs an order slashing Japanese auto tariffs from 27.5% to 15%, effective within days. (2 min. read)

Anna del Villar
Marcus Amick
Anna del Villar, +1

Daily News

Production pauses cloud Cadillac’s EV momentum

Sep 5, 2025

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4 min read

Production pauses cloud Cadillac’s EV momentum

“We are seeing marginal competitors dramatically scale back their products and plans, which should end much of the overproduction and irrational discounts,” General Motors said. (2 min. read)

Marcus Amick
Marcus Amick

Daily News

How Mohawk Honda became a national CPO powerhouse

Sep 4, 2025

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5 min read

How Mohawk Honda became a national CPO powerhouse

“We don't cheap on anything when it comes to a certified car—but it pays itself forward,” said general manager Greg Johnson. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

Dealer confidence holds steady in Q3 despite rising costs — survey

Sep 4, 2025

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4 min read

Dealer confidence holds steady in Q3 despite rising costs — survey

“With sales momentum mostly holding, dealers are not throwing in the towel on sentiment,” said Jonathan Smoke, chief economist at Cox Automotive. (3 min. read)

Marcus Amick
Marcus Amick

Daily News

General Motors sets EV sales record in August, gains 5% market share since Q1

Sep 3, 2025

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4 min read

General Motors sets EV sales record in August, gains 5% market share since Q1

GM attributed the record month to strong demand for the Chevy Equinox, Cadillac Lyriq, and GMC Sierra EV. (2 min. read)

Marcus Amick
Marcus Amick
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