AutoNation CEO says chip shortage could drag on for a year
The dealer chain expects the industry’s vehicle shipments in the second quarter to be double what they were a year ago, but that’s barely enough to keep dealer lots full, CEO Mike Jackson said.
GM launches ‘Work Appropriately' flexible work standard
The new standard gives employees the flexibility to work from anywhere and gives GM access to a broader talent pool.
Tesla disquiet in China mounts after driver protest in Shanghai
The government blowback appeared to stem from an embarrassing incident Tesla faced on Monday at the Shanghai Auto Show. An angry protester climbed on top of one of its display vehicles shouting that her car’s brakes had lost control.
Subaru suspends U.S. output amid chip shortage
The automaker is halting operations at its Indiana plant through the end of the month, a move that will lead to 15,000 vehicles of lost output.
Texas police to demand Tesla crash data as Musk denies Autopilot use
The crash is the 28th Telsa accident to be investigated by the NHTSA, which regulates vehicle safety. It is also being probed by the National Transportation Safety Board.
BMW's Q1 earnings boosted by China demand, higher prices
BMW's earnings bounced back more strongly than expected from a pandemic-ravaged quarter, the company said, helped by higher prices and sales growth in all major regions and across brands.
EVs to account for more than half of light vehicles sold globally by 2026, BCG projects
BCG said it sees the transition to EVs playing out in three phases: incentive and early adopter-driven electrification; ownership cost-driven electrification; and supply-driven electrification.
Ford begins offering COVID-19 vaccinations at some plants
The automaker is offering on-site shots at some facilities in Michigan, Ohio and Missouri with plans to expand to additional plants.
Alpha One dealer acquires Chevrolet-Buick store in Texas
Alpha One Automotive Cos. President Michael Handwerger has purchased Miller-Starnes Chevrolet-Buick in Rockdale, Texas. Handwerger is a partner in an Audi store in Louisiana and has a pre-owned luxury dealership in Round Rock, Texas.
Alfa Romeo to get new design boss as brand heads for latest turnaround
Former Renault and Seat executive Alejandro Mesonero-Romanos will help to strengthen the top management team that new Alfa Romeo CEO Jean-Philippe Imparato is putting together.