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Lucid Group Inc. filed a federal lawsuit in Texas accusing the state’s rules on auto dealerships of “economic protectionism” that hurt the company’s ability to sell its electric vehicles there. In a suit filed in Austin, Lucid said the state is acting anti-competitively in forcing companies to sell their products through established dealerships. The Newark, […]

The father and son sentenced to serve time in a Japanese prison for smuggling Carlos Ghosn out of the country in a large musical-equipment case were transferred to the U.S. a week ago, ending another chapter of the corporate saga involving the former chairman of Renault and Nissan. Michael Taylor, the father and a former

Nearly half of dealers plan to buy one or more dealerships in the next 12 months, while only 2 percent expect to sell in that time frame, according to a survey by dealership sell-sell firm Kerrigan Advisors. “As a disproportionate number of dealers plan for growth rather than exit, Kerrigan Advisors expects today’s seller’s market

Most dealers keep their new, unsold luxury vehicles far away from mud pits, dirt roads, deep water, jagged rocks and other things that can potentially cause damage. Larry Zinn is not most dealers. Long before the market filled with upscale SUVs, Zinn’s Land Rover stores held yearly events that brought customers into the wilderness to

A demand problem taking root in the used-vehicle industry is forcing Carvana Co. further into cost-cutting territory. The Tempe, Ariz.-based online used-vehicle retailer said last week that a multitude of economic factors — including rising interest rates — are converging to disrupt consumer demand and hinder the sales volume growth the company had anticipated for

Dealer associations in at least 13 states say Ford Motor Co. is unfairly burdening its retail network with costly requirements for electric vehicle sales and breaking some franchise laws. Officials in Pennsylvania, Virginia, North Carolina and other states have written to Ford calling for significant change to one of CEO Jim Farley’s signature initiatives, which

Carvana Co. said Thursday it recorded a net loss of $508 million in the quarter ending Sept. 30, noting it continues to grapple with inflationary pressures and rising interest rates that are causing consumer demand for used vehicles to wane. The loss is larger than both Carvana’s $506 million first-quarter loss and the $68 million loss

On a stage below the twin spires of Churchill Downs racetrack, Ford Motor Co. CEO Jim Farley choked up while addressing hundreds of local factory workers for the reveal of the automaker’s redesigned heavy-duty pickup line. “Kentucky matters,” he said Sept. 27. “All of you matter. And the Super Duty matters.” The next 12 months

General Motors has named a new head of its OnStar in-vehicle safety, security and connectivity business, replacing Jeff Massimilla after a little more than a year. Mike Devereux, a top GM sales and marketing executive in China, took over as vice president, OnStar safety and security, as of Nov. 1, a GM spokeswoman told Automotive

PALM SPRINGS, Calif. — Before BMW can begin cranking out electric vehicles at its sprawling U.S. factory near Spartanburg, S.C., the German luxury marque must develop a complex EV supplier network in the region. Overseeing that critical development is the job of Joachim Post, a 20-year company veteran and BMW Group’s head of procurement and