News

Seating and electronics supplier Lear Corp. reported improved financial performance in the third quarter, fueled by better market conditions. Lear said net income increased 440 percent from a year ago to $92 million in the third quarter, while sales rose 23 percent to $5.2 billion, due primarily to improved production volumes. Core operating earnings increased […]

Hyundai Motor America is recalling 44,396 crossovers and is recommending owners park their vehicle outside after discovering a defect that could cause an electrical short and subsequent fire. NHTSA said the recall affects the 2018 Santa Fe Sport models produced between May 1, 2017, through May 10, 2018, at the Kia Georgia plant in West

A Florida woman was arrested for grand theft following an investigation into a Chevrolet dealership‘s payroll. Ariel Rutenbeck, 32, was taken into custody Wednesday for allegedly altering payroll at Dimmitt Chevrolet in Clearwater, Fla., about 20 miles west of Tampa, according to an arrest affidavit from Clearwater Police Department. As one of two people with

Growing Parks Automotive Group has entered a new market in Virginia with the purchase of three luxury dealerships. Parks Automotive, of Kernersville, N.C., on Sept. 12 bought Duncan Acura in Roanoke, Audi Roanoke and BMW Roanoke, all in Virginia, from Gary Duncan of Duncan Automotive Network, according to buy-sell advisory firm Tim Lamb Group of

CHICAGO — It’s not the “great resignation.” The challenges in the U.S. labor market today can be better understood as the “great reassessment,” said Adam Robinson, CEO of Hireology, a recruitment technology company that works with auto dealerships. There is a broad rethinking happening about “what it means to have an employment relationship,” Robinson said

About four years ago, leaders at CMA’s Valley dealerships in Staunton, Va., started asking employees about their personal and professional goals in an effort to get to know them better. This simple but sincere effort is a central part of Carter Myers Automotive’s mentorship program, known as “ImproveU,” a voluntary, six-month initiative available to any

General Motors donated a Chevrolet Bolt to serve as the official diplomatic vehicle of Ukraine’s U.S. embassy. Omar Vargas, GM’s head of global public policy, delivered the electric vehicle to Oksana Markarova, Ukraine’s ambassador to the U.S., in Washington last week. GM also provided a Level 2 charger. “Today, our Embassy in Washington D.C. is

A company extended into the next generation Aug. 1 when Mike Shannon sold Holiday Automotive in Fond du Lac, Wis., to his son, Michael Shannon Jr., according to Scott Mackie of buy-sell firm National Business Brokers. The younger Michael Shannon bought three franchised dealerships: Holiday Chevrolet-Buick-GMC-Cadillac, Holiday Mazda and Holiday Ford. A used-car store and

A Canadian auto retailer continued its Texas expansion in the fourth quarter, while three other companies added dealerships in third-quarter deals. Here’s a look at the deals involving domestic and import stores and dealerships in Texas, Missouri and Wyoming. One involves an auto retailer ranked on the Automotive News list of the top 150 dealership

DETROIT — Ford Motor Co. is giving its dealers an extra month to decide whether they will agree to invest up to $1.2 million and follow other new standards the automaker is imposing so they can sell electric vehicles after next year. The Oct. 31 deadline has been pushed back to Dec. 2 after some