NIADA chief Steve Jordan resigns
Jordan will remain with NIADA in an "advisory capacity" during a 30-day transition, the association said.
DARCARS buys 2 Lexus stores, 1 Infiniti dealership
DARCARS Automotive Group of Bethesda Md., has purchased three luxury dealerships in New York and Connecticut, expanding its presence in the New York City metro area.
Fisker has tentative deal for Magna Steyr to build its electric SUV in Austria
Fisker said it expects to reach a definitive agreement "in the next few months" to have Magna Steyr start production of the Fisker Ocean at its Graz, Austria, plant as early as the fourth quarter of 2022.
Hyundai names former FCA exec Olabisi Boyle as product, mobility VP
Boyle's responsibilities include strategic direction of Hyundai's U.S. vehicle lineup, along with market research, business analytics and pricing.
Uber’s quarterly sales tumble, ending a decade of growth
Delivery revenue, which was growing even before the pandemic, surged 103 percent during the quarter and is now central to Uber’s strategy.
Hudson Automotive to buy 4-store Beaman Automotive
Hudson Automotive Group, a growing dealership group in the South, plans to buy the four-store Beaman Automotive Group. The deal is expected to close in October or November.
Safety group renews push for Nissan recall over false-positive braking
Documents unearthed by the Center for Auto Safety show a rising number of reports related to false-positive braking events in Nissan Rogue and Nissan Sentra vehicles.
Magna hires former Ford AV exec to help lead R&D
Sherif Marakby joined Magna on July 6, about eight months after stepping back at Ford, where he was CEO of the automaker’s subsidiary Ford Autonomous Vehicles.
Magna posts $647 million Q2 net loss, but sees improvement coming
The diversified Canadian parts supplier is the latest of several major automakers to report losses this week as its customers shut production amid government-enforced lockdowns.
Trump reimposes Canadian aluminum import tariff to stem ‘flood’; Canada retaliates
The decision comes more than a month after U.S. Trade Representative Robert Lighthizer expressed concern about recent struggles by American aluminum producers. Canada quickly responded with retaliatory tariffs worth $2.7 billion.