news in the automotive industry

SPOTLIGHT: 15 questions with Corey SmithSPOTLIGHT: 15 questions with Corey Smith

September 16, 2024| 9:15 am

Corey Smith is the national fixed operations training manager at National Auto Care. First car: Eagle Summit First concert you attended: Joan Jett Name a pet peeve: Chewing sounds Most thrilling/adventurous thing you’ve done: Ziplining in Mexico your personal heroes: My stepfather Craig A. Smith First job: Raking blueberries in Maine One thing you learned on the job you never forgot: Pay attention to small details If you could pick up a new skill, what would it be? Being able to fix cars 3 people you’d invite to dinner, living or dead: Steve Jobs, Shaq, Ed Roberts What did you… [...]

Nissan Is Considering a Small Electric Pickup Truck for the USNissan Is Considering a Small Electric Pickup Truck for the US

August 7, 2024| 9:15 am

Report: Nissan Considering a Small Electric TruckNissan Nissan currently only sells the mid-size Frontier and the full-size Titan on American shores. With the Titan struggling to sell even half as well as domestic pickup-truck stalwarts such as the Ford F-150 and Chevy Silverado 1500, it’s only a matter of time until Nissan puts its half-ton truck and heavier-duty XD sibling out to pasture. However, a report by Automotive News suggests the Japanese automaker is considering building a small electric pickup for the US that might not only help offset the Titan’s inevitable death but also appeal to new types [...]

Policaro Group breaks ground on new Lexus, Acura dealershipsPolicaro Group breaks ground on new Lexus, Acura dealerships

July 23, 2023| 4:24 pm

The Policaro Group broke ground July 13 and 14 on new locations for a pair of luxury dealerships in Brampton, Ont., as sales in Canada’s luxury-vehicle segment remained strong despite higher interest rates. Northwest Lexus and Policaro Acura, whose current sites sit next door to one another on the east end of Brampton, will both move to new locations at a fast-growing auto mall that hosts a series of luxury dealerships on the city’s north end. “Given the competitive brands that are in the area, this is where the customers are going to be, and where we feel luxury retail… [...]

Chinese EV startups draw Arab investorsChinese EV startups draw Arab investors

June 30, 2023| 3:32 am

SHANGHAI – Investors from oil rich Arabian countries have long been fond of buying into European luxury and sports car brands such as Mercedes-Benz, PorschesMcLaren and Aston Martin. But a shift is unfolding and such investors are now developing more interest in staking out electric-vehicle startups from China. CYVN Holdings, an investment arm of the Abu Dhabi government, signed an agreement with Nio Inc. on acquiring a seven percent stake in the Shanghai-based EV startup for some $740 million. Abu Dhabi is the capital of the United Arab Emirates. The two sides “agreed to cooperate to jointly pursue opportunities in… [...]

May sales up 13%, but remain well below pre-pandemic numbersMay sales up 13%, but remain well below pre-pandemic numbers

June 2, 2023| 9:42 pm

May marked just the second month of this year in which sales were up over 2021 totals, which were higher than 2022 totals in all but November and December of last year. DAC said that historically, May was more often than not the strongest sales month of the year over the previous decade. It took the sales crown eight times between 2010 and 2019. “The last three years have seen very different sales patterns, however, with the first the pandemic and then the semiconductor shortage, meaning that the traditional spring selling season failed to materialize,” the consultancy said in a… [...]

France beats Germany, Netherlands to host the ProLogium battery plantFrance beats Germany, Netherlands to host the ProLogium battery plant

May 16, 2023| 5:30 pm

Macron, who personally met with ProLogium CEO Vincent Yang at the start of the vetting process, was due on Friday to officially announce in Dunkirk the 5.2-billion-euro ($5.7 billion) investment. Gilles Normand, ProLogium executive vice-president, said that after Macron, a former investment banker, pitched Yang more than a year ago Finance Minister Bruno Le Maire followed up and helped make the company’s case with the European Commission for EU financial incentives. “There was then the realization that there might be some interesting possibilities, which was maybe a little bit different from the clichés about France,” Normand told a small group… [...]

Shift Q1 earnings: Company reviewing ‘strategic alternatives’Shift Q1 earnings: Company reviewing ‘strategic alternatives’

May 15, 2023| 5:28 pm

Online used-vehicle retailer Shift Technologies Inc. said Thursday its board of directors is working with management and financial and legal advisers to assess a range of “strategic alternatives” for the company. in a statementShift said its board of directors was conducting a process to “explore and evaluate strategic alternatives, including exploring a potential sale of certain operating businesses, third party investment or partnership opportunities and/or funding alternatives for our marketplace business, to further enhance value for all stakeholders.” The company said its board did not set a timetable for the completion of the review process. There is “no assurance” it… [...]

LUXURY: Tesla Q1 sales more than double those of BMWLUXURY: Tesla Q1 sales more than double those of BMW

April 17, 2023| 11:54 am

The entire US luxury sector sales rose 23 percent to 616,970 cars and light trucks in the first quarter, outperforming the broader industry’s 8.4 percent bump. In the first quarter, BMW sales rose 12 percent, and the automaker secured a more than 14,000 vehicle advantage over No. 3 Lexuses. The Toyota luxury brand delivered 68,251 vehicles, up 6 percent from a year earlier. BMW, which commanded a 13 percent share of the luxury segment, extended its lead over German rival Mercedes-Benz with a more than 20,000-vehicle advantage. Mercedes’ sales of 61,531 were down 1.2 percent from the prior year as… [...]

Are You More Likely To Crack Your Windshield in Arizona?Are You More Likely To Crack Your Windshield in Arizona?

April 13, 2023| 3:48 pm

Arizona is known for its sunshine and heat. As a result, many vehicles succumb to the extreme temperatures with auto glass damage. In fact, drivers in Arizona are more likely than drivers in any other state to need their windshield repaired. Why does Arizona fall into first place when it comes to windshield damage? Read on to find out why and how you can minimize the impact. Four Reasons Why AZ Windshields Crack 1.The 101 This highway is known for construction and is responsible for many broken windshields in Arizona. During construction, all sorts of debris flies from [...]

Why Windshield Replacement In Arizona Is ImportantWhy Windshield Replacement In Arizona Is Important

April 1, 2023| 3:28 pm

Not only is it extremely dangerous to drive around in Arizona with a chipped windshield, it’s also illegal. If your windshield is left unrepaired, there is a risk of not only being pulled over but that the crack will rapidly spread. If you have a damaged, cracked or chipped windshield it is imperative that you get it fixed as soon as you can to help avoid more problems from occurring. Replacement in Arizona Having your windshield replaced is a simple process, and a large majority of the time your replacement can be covered by your vehicle insurance policy. Freedom Auto… [...]

Tag: news in the automotive industry