CDK said dealers it has spoken with have been ‘grateful and appreciative' of compensation offer. But some affected dealers said it doesn't cover their losses.

Second-quarter results for GM, Ford and Stellantis reflect a bumpy road as they juggle costly EV plans while managing profits on gasoline and hybrid models in an uncertain market environment.

Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024.

Chevy said the most powerful production Corvette can take on the Porsche 911 and other six-figure halo cars from import brands. Production of the ZR1 begins next year in Bowling Green, Ky.

The auto retailer estimates it lost $17 million in pretax income in the second-quarter due to the CDK outage.

The majority of automaker executives who participated in the 2024 Kerrigan OEM Survey said the transition to EVs will be slower than initially projected in the U.S.

Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier.

Some Volvo dealers fear the consequences of sticking to the 2030 target as EV growth slows, and CEO Jim Rowan says hybrids can be a bridge for customers not ready to dump gasoline.

The possible change in Japan is part of a sweeping rethink of office life meant to streamline workloads for a modern, more agile era of global competition and innovation.

Vice President Kamala Harris will likely inherit President Joe Biden's sweeping automotive and labor agenda if she clinches the Democratic nomination for president in August.