The California Labor Federation and several Teamsters locals rallied in Sacramento for proposed legislation requiring a trained safety driver to be in the cab during any testing or operations of autonomous vehicles weighing more than 10,001 pounds.
Lithia Motors is in talks to buy Jardine Motors in the U.K., Sky News reported earlier in January. One analyst says Lithia's entrance into the country seems highly likely.
Many dealers say high retail prices and rising interest rates create a one-two punch that will further discourage consumers concerned about affordability and potentially shut more of them out of the used-vehicle market.
Dealers are increasingly worried about the possibility of recession even as improving inventory levels have them more optimistic about the new-vehicle business in 2023.
Sen. Joe Manchin, D-W.Va., last week introduced legislation — dubbed the American Vehicle Security Act — that would amend the Inflation Reduction Act's consumer tax credit for new EVs so that the effective date of the required EV battery sourcing is no longer tied to Treasury's release of proposed guidance on the restrictions.
The company's executives and new owner pursued targeted job cuts in late fall 2022 as part of its effort to address any downturn but also boost efficiency and innovation.
Tesla and its divisive CEO, Elon Musk, face safety investigations, shareholder lawsuits and falling favorability among U.S. shoppers. But weak enforcement and price cuts are playing in their favor.
As the head of the Lexus premium brand and Gazoo Racing motorsports division, Sato's mission was to break the boring old Toyota mold by developing "cool," stylish, fun-to-drive cars.
Suppliers have been through three years of challenges and setbacks. They might be in for a fourth.
Dealership technology giant Reynolds & Reynolds will unveil an updated logo and a demonstrate a more flexible attitude at the NADA Show this week.