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DETROIT — The Cadillac Celestiq, a sleek, futuristic-looking five-door electric sedan coming in just over a year, represents more than just a new ultraluxury offering from General Motors. The Celestiq is the start of a new way of doing business for the luxury brand that harks back to an old rivalry — Cadillac vs. Rolls-Royce. […]

Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers’ insurance when they are working on its platform. “Lyft is facing insurance

An expanding Swickard Auto Group entered Southern California via a majority stake purchase of John Elway’s Crown Toyota in Ontario, one of the Japanese automaker’s highest-volume U.S. dealerships. And the dealership’s price tag also fetched near-record blue sky value, according to the broker who facilitated the sale. Blue sky is the intangible value of a

New technology from Point Predictive and a CreditMiner-TransUnion partnership allow dealerships to take a more active role in preventing borrower fraud. BorrowerCheck for Dealers is “the first in a planned series of products for dealers” leveraged from the fraud analytics firm’s vast database of records including income reports, loan applications, fake employers and fraudulent loans.

Chris Mackey, managing member of Mackey Auto Group, distinctly remembers when he decided servicing commercial vehicles at his Ford dealership wasn’t going to cut it. Mackey, who formed the group in February 2019 with his son, Christopher, after having bought a Ford and a Subaru dealership, was not long into his store ownership when he

Slowing sales helped inventory levels recover further to 1.32 million vehicles in September, a significant jump over where they were a year earlier but still historically low, according to Cox Automotive and the Automotive News Research & Data Center. Cox said the figure — the highest since June 2021 — represented a 42-day supply, based

NEW YORK – Nikola Corp founder Trevor Milton on Friday was convicted by a U.S. jury of fraud in a case alleging he lied to investors about the electric vehicle company’s technology. The jury found Milton guilty on one count of securities fraud and two counts of wire fraud after deliberating for around five hours.

Four dealership groups bought domestic-brand stores in second-quarter and third-quarter transactions. Here’s a look at the deals involving dealerships in Delaware, Ohio, New Jersey and Michigan. One of the deals involved a group ranked on Automotive News‘ list of the top 150 dealership groups based in the U.S. I.g. Burton adds another Stellantis dealership Charles

WASHINGTON — The U.S. unit of Stellantis will pay $5.6 million to resolve a California investigation into violations of air quality regulations, the state said on Thursday. The California Air Resources Board (CARB) said the 30,600 vehicles involved in the settlement include 2012-2018 model year Ram 1500, Jeep Grand Cherokee and Dodge Durango vehicles that

BMW Group and AirConsole, a gaming platform, said they formed a partnership to bring gaming inside BMW vehicles. The partnership, announced earlier this week, aims to make games playable directly through the legacy automaker’s infotainment displays, with smartphones acting as controllers. Games will be delivered over-the-air, BMW said a statement. AirConsole is available on Internet