Month: September 2021

Cavender Auto Family on Monday closed on its acquisition of six Texas luxury dealerships, doubling its store count to 12 and increasing annual revenue by about a fifth. Cavender bought Audi, BMW, Cadillac, Lexus and Mercedes-Benz stores in Lubbock and a Mercedes-Benz dealership in Midland from David Alderson of Alderson Auto Group. The deal was
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General Motors’ GMC brand announced a three-year partnership with the Marcus Graham Project to foster diverse leadership in advertising, media and marketing, and marks the organization’s first contractual, multi-year commitment with a brand. The financial commitment from GMC is earmarked to support the nonprofit’s annual iCR8 Boot Camp program, which trains aspiring marketers from non-traditional backgrounds.
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Canadian supplier Magna International Inc. and the University of Waterloo in Ontario announced Monday a $1.3 million ($1.6 million CAD) joint project designed to enhance the safety and cybersecurity of self-driving vehicles. Jim Quesenberry, director of research and development at Magna, said the five-year collaboration will aim to tackle some of the big issues in
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DETROIT — Ford Motor Co., in what it says is the largest single manufacturing investment in its 118-year history, on Monday said it would spend $7 billion and create nearly 11,000 jobs to build electric vehicles and batteries in Tennessee and Kentucky. The investment, meant to vault Ford among the leaders in EV output, will
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Ford has announced that it will lead America’s shift to electric vehicles with two new massive investments in the U.S. Together with its battery partner, SK Innovation, Ford will build manufacturing campuses – “mega-sites” – in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries (three gigafactories – total
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By Joey Klender Posted on September 27, 2021 Tesla investors (NASDAQ: TSLA) are advised not to re-elect Kimbal Musk or James Murdoch in the coming Annual Shareholder Meeting by proxy advisor Institutional Shareholder Services (ISS). Because Musk and Murdoch received large compensation packages from Tesla’s board, ISS believes the two non-executive board members do not
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Porsche has gone on record saying that, since the iconic flat-six in the rear is one of 911’s most important features, an electric version doesn’t really make sense. But that hasn’t stopped others from trying. Driven by Carfection’s Henry Catchpole, this video tries to determine whether Everrati, with its electric 964 restomod, is right about
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Automotive News Europe honors the winners of the 2021 Rising Stars awards. Through Oct. 11, the 25 winners will be featured. The Rising Star for Human Resources is Nicola Johnson, head of people development, engagement and transformation at Bentley. For her full profile click here. The 2021 Rising Stars winners were honored on Sept. 6.
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Suburban Detroit’s experimentation with an outdoor automotive festival showed plenty of promise for next year and beyond, but it also served as a reminder why auto shows traditionally have been held in climate-controlled convention halls. Bad weather forced organizers to cancel one of two media and industry days at Motor Bella, the enthusiast-geared car event
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This year marks the 30th anniversary of the unveiling of the Bugatti EB110. While this effort to revive Bugatti for the modern age failed, it laid the foundation for the brand’s revival under Volkswagen Group stewardship. The EB110 was the brainchild of Italian businessman Romano Artioli, who as a 20-year-old vowed to revive Bugatti when
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LOS ANGELES — The 2022 Kia Sorento plug-in hybrid has it all for the modern crossover buyer who wants to dip a toe into the electric space without facing the dreaded range anxiety of a full-electric vehicle or learning the intricacies of battery management. The Sorento PHEV now arriving at dealerships has a 1.6-liter turbocharged
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DETROIT — It’s taken Jim Farley less than one year as Ford Motor Co. CEO to accomplish what his two immediate predecessors couldn’t over six: reverse the company’s long stock slide. There’s much still to fix, including problematic launches of high-profile vehicles, money-losing overseas markets and slumping U.S. sales amid the coronavirus pandemic and global
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True to its (latest) word, Tesla released the “Button” late Friday/early Saturday, though it went from “opting in to Full Self Driving Beta” to “requesting access to Full Self Driving”. The caveats don’t stop there. I’m tempted to go on a riff about how Tesla always, always announces something awesome, then walks it back a
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There is a Facebook Group called Unnecessary automobile nose swaps and while most posts are photoshop-edited pictures, there is a real car listing that perfectly encapsulates the group’s theme. The car hiding behind the Hummer’s face is a 1995 Nissan Rasheen coming from Japan and it is currently offered for sale in Richmond. We guess that most
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Tesla has broken ground on a new factory located in Lathrop, California. The facility will exclusively produce Megapacks – Tesla’s largest battery used for stationary energy storage. Megapacks were first introduced in 2019 and have since been manufactured alongside Powerpacks and Powerwalls at Gigafactory Nevada. However, soon Megapacks will be produced in their own unique
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