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Category: Automotive News
Cox Automotive Leads the Way to NADA 2023 with New Solutions for Retail, Inventory and EV Readiness
Cox Automotive will be the largest exhibitor at the annual dealer convention. Team will showcase new products and solutions focused on improving retail transactions, solving inventory issues, and preparing for…
Ally All Ears Podcast | How F&I is driving dealership profits
Matt Broome, senior director of product development at Ally Financial, discusses how inventory shortages are impacting F&I product sales and some tips for keeping sales going strong. Advertisement: It’s time…
Ferrari expects ‘even stronger’ 2023 with more new models
The company forecasts adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in 2023 at €2.13 billion to €2.18 billion, up from €1.77 billion last year. doing. Fourth-quarter Adjusted EBITDA…
Could Sony-Honda vehicles get sold, serviced by competitors?
Management said the auto industry was on the brink of change. Sony, inventor of the Walkman, and Honda, purveyors of the groundbreaking CVCC engine used in the original Civic, are…
Lear Q4 earnings: Net income surges to $118M
rear strains It fell 2.5% to $145.76 in afternoon trading. The company has achieved a $1.8 billion backlog in its core seat business by 2025 and nearly $1 billion in…
Asbury Q4 earnings: Net income more than doubled
Asbury Automotive Group Inc. profit doubled in fourth quarter as Duluth, Georgia public retailer closed first full-year profit, boosted by December 2021 acquisition of Larry H. Miller Dealerships That’s it.…
Mercedes-Benz USA marketing boss Drew Slaven departs
Atlanta — Drew Slaven, longtime head of marketing and interim CEO of Mercedes-Benz USA, has left the company. In a note to dealers of brands reviewed by car newsDimitris Sirakis,…
Jaguar Land Rover adds 3rd Defender shift to meet demand
LONDON — Jaguar Land Rover has added a third shift of Land Rover Defender SUVs at its Slovakian plant to close an order backlog for the company’s best-selling model. Available…
Europe cars sales expected to grow in 2023
PARIS — The European auto industry experienced one of its worst sales years in 2022, but sales should rebound in 2023, according to three forecasters. Dataforce said Thursday it expects…