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Consumers have become more willing during the ongoing inventory shortage to place an order for a vehicle, put down a deposit and wait for their car or truck to be built and delivered. But a study suggests that dealerships could be better at keeping consumers informed about the delivery process and timeline. Dealership marketing technology […]

EV maker Rivian has hired a top executive from a major auto supplier as its next COO, according to people familiar with the matter, an effort to get its troubled manufacturing operations back on track. Rivian has struggled to ramp up production, citing supply chain constraints such as a shortage of semiconductors. To help tackle

Former Reagor Dykes Auto Group owner Bart Reagor was sentenced Thursday to 14 years in federal prison for lying to a bank about the company’s prospects. In October, Reagor, 55, was found guilty of lying to the International Bank of Commerce after transferring more than $1.7 million of a $10 million loan meant for the

Rivian Automotive Inc. is slashing production targets for its electric vehicles, backing off on price hikes for some customers and posting huge financial losses. But the young automaker still has ambitious plans. In the short term, there’s not a lot the California EV startup can do to speed output of the R1T pickup, R1S SUV

Volvo Car USA said it will roll out camera-based scanning systems for its dealerships that can inspect cars in seconds. The scanning technology, developed by Israeli company UVeye, uses artificial intelligence to quickly inspect the underbody and tires and provides a 360-degree scan of the exterior. UVeye said dealerships will be able to use the

The new owners of the most expensive home ever sold in Detroit are Stellantis North America COO Mark Stewart and Antonio Gamez Galaz. The Fisher mansion sold last week for $4.9 million, the top home sale in the city’s history. Stewart and Gamez Galaz bought the Palmer Woods home from Dan Ammann, the former General

Former AutoNation Inc. CEO Mike Jackson, who retired on Nov. 1 after more than two decades with company, collected nearly $18.3 million in compensation last year, according to the auto retail giant’s proxy statement. Jackson, 73, earned 29 percent more than the year before. His 2021 compensation included $1.09 million in salary, stock awards of

While Electric Last Mile Solutions Inc. gives the ax to nearly a quarter of its headcount after the EV startup’s stock crash last month, it is padding the fall of its former top executives behind the turmoil. Chairman Jason Luo and CEO James Taylor were forced to resign their positions effective Feb. 1 after an

LONDON — Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in EV batteries, and drivers are likely to pay the cost. While metals have not been the target of Western sanctions yet, some shippers and

Group 1 Automotive Inc. on Monday acquired Charles Maund Toyota in Austin, Texas, which the auto retailer expects will add $435 million in annual revenue. Group 1, of Houston, said it renamed the dealership Toyota of North Austin. The sellers were Doug Maund, a son of the dealership’s founder, Charles Maund, and Managing Partner Jim