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When Volkswagen Group named Scott Keogh CEO of its North American region in 2018, U.S. dealers rejoiced: Not only had he proved himself capable when he was running Audi, but he intimately knew the U.S. market as the first American in the job in 25 years. Their reaction was understandable, not just because of Keogh, […]

Robert Brockman, the former CEO of dealership management system giant Reynolds and Reynolds Co. who built a multibillion-dollar fortune as a software entrepreneur before he was indicted in a landmark tax-evasion case, has died. He was 81. Brockman, who was suffering from dementia and undergoing home hospice care, died late Friday, said Kathy Keneally, his

After losing nearly $1 billion in the first half of 2022, Carvana Co. will do more to cut expenses in the coming months, including possibly further reducing employee counts at the online used-vehicle retailer. That direction from company leaders comes after Carvana already worked on cost-cutting in its second quarter, notably announcing in May that

Auto supplier Dana Inc. said net income dropped by nearly 85 percent in the second quarter, reflecting lower operating earnings caused by the unfavorable impact of foreign currency values, a spike in costs and supply chain challenges. Dana reported net income of $8 million — a drop of $45 million from a year earlier. The

Tesla CEO Elon Musk told shareholders that the EV maker will have an annual run rate of 2 million vehicles by the end of this year and will continue to build new factories to join the four it currently has in operation. Musk said Tesla could announce a new factory location as soon as this

Carvana Co. said Thursday it posted a net loss of $439 million in the quarter ending June 30 — a far cry from its landmark $45 million profit one year ago but smaller than its $506 million first-quarter loss. The online used-vehicle retailer, which has been challenged in part by high used-vehicle prices, reported progress

Only three out of seven vehicles earned “good” or “acceptable” ratings in the Insurance Institute for Highway Safety’s most recent side-impact crash evaluation. IIHS gave ratings of “good,” “acceptable,” “marginal” and “poor.” Out of the seven vehicles tested, which IIHS classified as midsize, the Subaru Outback was the only one to receive a “good” rating,

Lucid Motors slashed its production forecast in half for the year to between 6,000 and 7,000 units of its Air electric sedan after a difficult second quarter due to supply-chain issues, the company said after the market close Wednesday. Lucid delivered 679 vehicles in the second quarter. First-quarter deliveries were 360. Production out of its

TRAVERSE CITY, Mich. — Two of North America’s biggest battery makers are looking to source more of their hard-to-find metals and materials locally as they tool up to deliver on the Biden administration’s goal of making half of U.S. auto sales be zero-emission vehicles by 2030. General Motors and Panasonic Energy say getting there will

WASHINGTON — Automakers want U.S. Sen. Joe Manchin to revisit his proposal to restructure the $7,500 electric vehicle tax credit, raising fears it could be largely unworkable because of new sourcing requirements for battery components and critical minerals. Manchin on Tuesday expressed little interest in revising his proposal. “Tell (automakers) to get aggressive and make