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Cox Automotive this week announced the elimination of 1,600 North American positions, as the effect of the COVID-19 pandemic continues to hurt businesses. Chintan Talati, senior director for public relations,…
KAR Auction Services Inc. reported its second quarter financial results for the period ended June 30, 2020. The company reported revenue of $419.0 million as compared with revenue of $719.1…
Hyundai Motor America reported total July sales of 57,677 units, a 1-percent increase compared with July 2019. Retail sales grew 4 percent, the third consecutive month of increasing retail sales.…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, announced the pricing of its private placement of $550 million in aggregate principal amount of its 4.000 percent senior unsecured…
New research from IHS Markit shows that the average age of light vehicles in operation in the U.S. has risen to 11.9 years this year, about one month older than…
Ford Motor Company announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president…
Mazda North American Operations recently reported total July sales of 24,085 vehicles, an increase of 3.4 percent compared to July 2019. Year-to-date sales totaled 152,954 vehicles, a decrease of 5.5…
Lithia Motors Inc. announced the addition of four John Eagle Dealerships located in Dallas and Austin, Texas. “We’re delighted to announce our network expansion in two of the largest markets…
Two new reports from the Federal Trade Commission highlight some of the challenges and confusion consumers can face in buying and financing a car, particularly relating to charges for add-on…
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