Western Canada’s Knight Automotive Group entered the U.S. last month, buying two Ford dealerships in California. Kevin Knight and Knight Automotive on Dec. 9 bought Sunrise Ford Fontana and Sunrise Ford North Hollywood, both in California, from the Bruncati family, according to Performance Brokerage Services, an Irvine, Calif., buy-sell firm that handled the transaction. “We […]

Kia’s EV6 electric crossover will come in a base, standard range version starting at $42,115 with shipping and move up the trim ladder to a GT-Line dual-motor priced at $57,115 with destination charges. The base Light trim comes with a 58-kilowatt-hour battery pack rated at 232 miles of range on the EPA testing cycle, Kia

SEOUL — South Korea’s Hyundai Motor Co. forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the second quarter. “The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor

Ally Financial, one of the nation’s largest auto lenders, said it anticipates at least a 15 percent reduction in used-vehicle prices by the end of 2023. Prices have been increasing, and the path to Ally’s estimated cumulative decline of 15 to 20 percent in the next two years might not follow a straight line, CFO