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Ineos Group, the British chemical company bringing the rugged BMW-powered Grenadier SUV to North America in spring 2023, will open its order books on Thursday. The company says 63,000 hand-raisers have expressed an interest in the boxy off-road vehicle globally, with 12,000 of those in North America. Now the company wants to see who’s serious
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Cavender Auto Family on Monday closed on its acquisition of six Texas luxury dealerships, doubling its store count to 12 and increasing annual revenue by about a fifth. Cavender bought Audi, BMW, Cadillac, Lexus and Mercedes-Benz stores in Lubbock and a Mercedes-Benz dealership in Midland from David Alderson of Alderson Auto Group. The deal was
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DETROIT — Ford Motor Co., in what it says is the largest single manufacturing investment in its 118-year history, on Monday said it would spend $7 billion and create nearly 11,000 jobs to build electric vehicles and batteries in Tennessee and Kentucky. The investment, meant to vault Ford among the leaders in EV output, will
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LOS ANGELES — The 2022 Kia Sorento plug-in hybrid has it all for the modern crossover buyer who wants to dip a toe into the electric space without facing the dreaded range anxiety of a full-electric vehicle or learning the intricacies of battery management. The Sorento PHEV now arriving at dealerships has a 1.6-liter turbocharged
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A shift in focus from market share to profit, coupled with new retailer-friendly policies, has propelled Nissan from industry laggard to middle of the pack in a key dealer survey. The Nissan brand ranked 15 out of 32 in the latest National Automobile Dealers Association Dealer Attitude Survey — an industry insider’s measure of how
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DETROIT — It’s taken Jim Farley less than one year as Ford Motor Co. CEO to accomplish what his two immediate predecessors couldn’t over six: reverse the company’s long stock slide. There’s much still to fix, including problematic launches of high-profile vehicles, money-losing overseas markets and slumping U.S. sales amid the coronavirus pandemic and global
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LOS ANGELES — Honda is late to the EV push, without an electric vehicle on sale now in the U.S. and not much success with its cute-but-pricey “e” model in Europe. But that’s not stopping the brand from predicting ambitious sales of future EV products. Honda said last week that its initial target is 70,000
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Demand for used vehicles has been high this year, and flooding this month from Hurricane Ida just sent more customers clamoring for cars at Planet Honda in Union, N.J. Planet Honda isn’t alone facing that growing demand. In times like these, General Manager Bill Feinstein said he and other dealership leaders he knows are choosing
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Three dealership groups, in single-store deals, acquired General Motors outlets in the third quarter, including former NBA star Karl Malone buying a Utah dealership. Here’s a quick look at the deals. Basketball Hall of Famer Karl Malone’s dealership group, following an expansion into Arkansas this summer, has grown its Utah presence. Karl Malone Auto Group
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UAW auditors have alleged that a financial secretary at Local 412 in suburban Detroit misappropriated funds. Internal auditors said they discovered more than $2 million in “improper personal expenditures” by the employee. In a statement, UAW International Secretary-Treasurer Frank Stuglin characterized it as an “elaborate” embezzlement scheme by the locally elected officer. Local 412 represents
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Auto retail giant AutoNation Inc. said Tuesday that it has named Stellantis executive Mike Manley as its next CEO to replace the outgoing Mike Jackson. The moves are effective Nov. 1, when Jackson, 72, will retire from his post as well as the company’s board, the nation’s largest new-vehicle retailer said. Manley, 57, had been
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WASHINGTON — U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata airbag inflators, a government document seen by Reuters on Sunday showed. The National Highway Traffic Safety Administration on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles
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TOKYO — Japan’s auto industry is warning that the government’s push for carbon neutrality could cost the country millions of jobs and millions of units of lost vehicle output. The doomsday scenario was floated this month by Akio Toyoda, in his role as chairman of Japan’s automaker association. He attacked what he sees as potentially
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Honda Motor Co. said its production lines in Japan are operating at about 40 percent of its initial plan for the August-September period because of chip shortages and delays in parts shipments due to coronavirus outbreaks overseas. The Japanese automaker expects the impact to extend beyond this month and said the level of operations in
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WASHINGTON — The National Transportation Safety Board said Friday it will send a team to investigate a Tesla vehicle crash this week that killed two people in Coral Gables, Fla. Coral Gables police have said it is unclear whether the Tesla Model 3 involved in the crash in a residential area on Monday evening was
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LOS ANGELES — Hyundai Motor North America has promoted longtime legal counsel Jason Erb to the position of chief legal officer and vice president. Effective Monday, Erb will oversee all matters across the region, including dealer franchise issues, product liability, warranty, cybersecurity and others, Hyundai said Friday. Erb, 50, will report to Hyundai Motor North
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Thirty years ago, just as General Motors’ Saturn division was launching, 1,836 cars left the plant in Spring Hill, Tenn., with improperly mixed engine coolant. Saturn officials were not sure how extensive the damage to the lost-foam cast aluminum engine would be. So GM did a very un-GM thing: It sent overnight letters to each
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DETROIT — General Motors’ defense arm said it has won a $36.4 million contract to build 10 heavy-duty armored Suburban SUVs for the U.S. Department of State. GM Defense said Wednesday it plans to deliver the purpose-built Suburbans over the next two years as part of a development contract for the department’s Diplomatic Security Service.
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WASHINGTON — Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service move to award a multibillion-dollar contract to Oshkosh Defense for delivery vehicles. The 10-year contract announced in February could be worth more than $6 billion and allows for delivery of between 50,000 and 165,000 vehicles. Workhorse
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