automotive news uk

Carvana settles a long-running regulatory dispute with IllinoisCarvana settles a long-running regulatory dispute with Illinois

September 10, 2024| 9:14 am

An Illinois regulatory official said Tuesday the state has agreed to settle a long-running regulatory dispute with Carvana Co. Per the settlement agreement, Carvana can continue to operate in the state, Illinois Secretary of State Alexi Giannoulias said in a Tuesday video announcement. The retailer admitted to violating Illinois law and agreed to abide by new restrictions, according to a news release from his office. The settlement allows the secretary of state’s office to suspend and revoke Carvana’s dealer license again if it fails to comply with either the agreement or state laws, according to the agency. The online used-vehicle… [...]

Having Problems with Your Car’s Windows Sliding Down?Having Problems with Your Car’s Windows Sliding Down?

July 18, 2023| 10:24 pm

Are you frustrated because your car windows won’t stay up? Many vehicle owners in Tampa have problems with sliding car windows. Keep reading to learn more about why this happens and how expert repair services can keep your door windows in place. 3 Reasons for Windows that Won’t Stay Up Sometimes, your vehicle’s windows won’t stay up because the child safety switch is engaged or the ignition switch position needs to be in the accessory mode. When these simple fixes are the cause of your sliding window problem, you likely have one of the following issues that service technicians [...]

Stellantis EV battery plant construction resumes after financial deal with governmentStellantis EV battery plant construction resumes after financial deal with government

July 10, 2023| 6:18 am

Wednesday’s deal essentially “mirrors” the benefits Stellantis and LG would have received under the IRA if their battery plant had been set up in the US, said Ontario Economic Development Minister Vic Fedeli. “We’ve heard that Stellantis expects, if they were in the United States, over the course of time, they would receive $15 billion in tax breaks, so that would be expected in Canada,” Fedeli said in an interview. ‘GOOD DEALS FOR THE WORKERS’ He said the timeframe for that figure is roughly over 10 years, and it will depend on the start date and the level of production… [...]

A growing concern in the Canadian automotive industryA growing concern in the Canadian automotive industry

May 23, 2023| 7:26 pm

According to the Canadian Anti-Fraud Centre, which tracks fraud trends across the country, there were 109 reported cases of vehicle identity fraud in Canada in 2020, resulting in losses of over $1.2 million. 2 This represents a 13% increase from the previous year .2 CARFAX Canada has also seen a similar trend, reporting a 30% increase in VIN cloning investigations since 2020.3 The impact of VIN cloning is significant and negatively affects consumers, insurance companies and the automotive industry. Consumers who unintentionally purchase a vehicle with a cloned VIN can face a variety of problems including vehicle safety concerns, reduced… [...]

What dealerships service managers are readingWhat dealerships service managers are reading

May 9, 2023| 4:34 pm

When I was first starting at Automotive News a few years back and trying to learn the service and parts business, Lee Harkins, CEO of dealership training company M5 Management Services, let me be a fly on the wall at one of his performance group meetings. I must not have made too big of a nuisance of myself because I’ve been invited back to every meeting since, including one a couple weeks ago in Orlando. The discussions there were the same: What are you struggling with? Where are you having success? What’s one best practice you want to [...]

Robotaxi companies like Cruise, Waymo, Baidu seek scaleRobotaxi companies like Cruise, Waymo, Baidu seek scale

May 2, 2023| 3:20 pm

Robotaxis operate like ride-hailing services. Both incorporate data analytics to determine where rides will be needed, maximizing the utilization of their platforms. Customers hail them via apps. The similarities end there. “It is an entirely different business than ride-hailing,” said Alisyn Malek, CEO of consulting firm Middle Third and former COO of self-driving tech startup May Mobility. Unlike Uber and Lyft, which rely on independent drivers who own and maintain their own vehicles, robotaxi providers must account for vehicle ownership and maintenance costs, whether they absorb themselves or partner with fleet management companies. That business is inclined to conventional taxi… [...]

Tesla will shoot for volume over profit: Elon MuskTesla will shoot for volume over profit: Elon Musk

May 1, 2023| 3:14 pm

Tesla missed market estimates for first-quarter total gross margin after cutting prices in the US and globally. The electric vehicle maker reported a total gross margin of 19 percent, compared with an expectation of 22 percent from analysts polled by Refinitiv, Reuters reported. Net income during the most recent period dropped 24 percent to $2.5 billion. Tesla reported global deliveries of 422,875 in the first quarter, a 4.3 percent increase compared with the previous quarter. That small growth suggests price cuts were necessary to maintain momentum amid rising EV competition and higher interest rates. The EV maker likely sold 161,630… [...]

VW battery plant gets up to $13B in federal moneyVW battery plant gets up to $13B in federal money

April 29, 2023| 2:55 pm

Still, the size of the incentives is striking. The production support alone is expected to range from $8 billion to $13 billion over 10 years, depending on how much the plant produces and what happens with US policy. The contract is written so that Canada’s production subsidies will stay in place only as long as the Inflation Reduction Act is in force. If the US reduces its incentives for clean manufacturing, Canada’s will go down proportionally. On top of that, Canada is offering about $700 million in capital expense grants to Volkswagen through its Strategic Innovation Fund. [...]

Kia plans an EV sales blitz by 2030 with the first dedicated EV factoryKia plans an EV sales blitz by 2030 with the first dedicated EV factory

April 11, 2023| 9:54 am

Kia’s upbeat outlook comes amid increasing enthusiasm for EVs across the industry as automakers from Japan to Europe and the US raise sales expectations amid stronger customer interest and government regulations and subsidies that promote the technology. The shift to electrification will also help Kia move its upmarket brand image, Song added. “In 2021, Kia went through a full-scale transformation of its corporate name, logo, product and design, as well as corporate strategy. As a result, our brand value has improved significantly,” Song said in a news release. “Kia needs to continue its efforts to strengthen the Kia brand identity.”… [...]

Ed Morse Automotive Group Hits #52 on Automotive News’ Annual List of Top US Dealerships; Moved Up Eight SpotsEd Morse Automotive Group Hits #52 on Automotive News’ Annual List of Top US Dealerships; Moved Up Eight Spots

April 7, 2023| 9:11 am

DELRAY BEACH, Fla., April 5, 2023 /PRNewswire/ — Automotive News just announced its annual ranking of the top 150 auto dealership group based in the US, and Ed Morse Automotive Group was listed at #52, moving up eight spots from last year. The 2023 ranking is based on new vehicles sold in 2022 and is determined by the Automotive News Research & Data Center. “This new ranking is a true testament to the hard work of every single employee we have, as they are dedicated and determined to make the car and motorcycle buying experience an enjoyable one for [...]

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