News

Lucid hires former Apple exec amid software struggles with Air sedan

Lucid Motors has appointed a former Apple Inc. executive, Derrick Carty, as vice president of platform software engineering amid a slow rollout of key software features on the EV startup’s Air sedan. Carty’s responsibilities at the newly created post include advanced driving assistance systems, audio, embedded software, and systems architecture, Lucid said a news release. […]

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VW dealership manages acquisitions like sales

A Volkswagen dealership in Marion, Ill., is deploying strategies traditionally used to foster vehicle sales to encourage staffers to buy more used cars directly from consumers to help the store stock its lot. The efforts have helped reduce Volkswagen of Marion’s reliance on buying from wholesale auctions, lowered its per-vehicle acquisition costs and boosted used-vehicle

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GM Financial switching to Safe-Guard for car dealer F&I products

GM Financial will replace its General Motors-branded finance-and-insurance product portfolio in the fourth quarter with a new lineup developed with Safe-Guard Products International. Safe-Guard will replace the Amynta Group as GM Protection’s white-label F&I product partner. Amynta did not respond to a request for comment. “We’re out talking to dealers right now,” GM Financial Senior

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Fired employee sues N.H. dealership alleging COVID-19 law violation

A fired employee of a New Hampshire Chevrolet dealership is suing his former employer, alleging his rights were violated under the Families First Coronavirus Response Act, among other laws. The complaint, filed July 25 with the U.S. District Court of New Hampshire, alleges MacMulkin Chevrolet Inc. in Nashua wrongfully terminated plaintiff Matthew Caron after he

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Mercedes-Benz and Volkswagen sign EV battery supply deal with Canada

Mercedes-Benz Group and Volkswagen Group on Tuesday signed deals with the Canadian government to secure access to Canada’s large stores of key battery materials such as lithium, cobalt, nickel and graphite, as the German companies compete for scarce supplies of raw materials with other automakers shifting to electric vehicles. Markus Schaefer, chief technology officer at

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Toyota agrees to recognize California’s authority to set vehicle emission rules

WASHINGTON — Toyota Motor North America has agreed to recognize California’s authority to set vehicle emission standards under the Clean Air Act, the Japanese automaker said Tuesday. In a letter sent to California Gov. Gavin Newsom and the state’s Air Resources Board Chair Liane Randolph, Toyota said it is “committed to emission reductions and vehicle

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Stellantis, Mitsubishi and Chevy dealerships acquired in Q2 and Q3 transactions

A Canadian auto retailer continued its U.S. expansion, a growing New York dealership group added a store, brothers added a second dealership and siblings sold their only dealership in separate second- and third-quarter transactions. Here’s a look at the deals involving domestic and import dealerships and stores in California, Florida and New York. Two transactions

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