Lithia on Sept. 18 said it planned to buy Pendragon’s dealership and fleet businesses in a $350 million deal. As part of that deal, Pinewood, Pendragon’s dealership management system, would be transformed into a standalone software company called Pinewood Technologies. Lithia would gain about a one-sixth ownership stake in that entity. Lithia and Pinewood plan …
The expansion will support the company’s fast-growing lithium-ion battery business for electric vehicles, leading to a doubling of manufacturing capacity with the addition of a second production line, the memo said. A $5 million performance-based grant, approved Tuesday by the Michigan Strategic Fund board, was needed to keep the investment from going to Kokomo, Ind., …
Samsung plans $41M expansion of EV battery operations in Michigan Read More »
The group wants the Biden administration to provide low-interest loans and consider loan forgiveness for struggling small suppliers. Biden was in Detroit Tuesday to show support for striking UAW workers. The White House did not immediately comment and has previously declined to comment on whether it is considering programs to support auto suppliers. The ongoing …
Auto suppliers, grappling with UAW strike, urge Biden to provide financial assistance Read More »
Honda outlined the debuts in a Tuesday statement detailing its plans for the Japan Mobility Show. The reincarnated Tokyo Motor Show runs Oct. 25-Nov. 5, with media days on Oct. 25-26. The Japan Automobile Manufacturers Association, which organizes the event, wants to cast a wider net beyond traditional automakers by rebranding the exhibition as a …
Possible Honda NSX successor to debut as EV at Japan Mobility Show Read More »
An armed man shot and killed a female employee at a Calif. dealership last week, authorities said. The suspect was later shot and killed by police. The shooting occurred at Toyota of Berkeley Certified Service Center last Thursday, according to a statement released by Berkeley Mayor Jesse Arreguín. The shooting was an act of domestic …
Calif. dealership employee shot, killed; police kill suspect Read More »
The S E-Hybrid “fills the power gap,” Kirchner said. “Porsche wants its customers to be able to build their dream car, so that means having several variants to fit individual preferences.” The Cayenne S E-Hybrid targets the Porsche customer seeking affordable performance, relatively speaking. The top-of-the-line V-8 twin-turbo-powered Turbo E-Hybrid carries a nearly 50 percent …
Porsche broadens Cayenne lineup with third PHEV variant Read More »
Australian carbon-fiber wheel supplier Carbon Revolution named former General Motors Vice Chairman Bob Lutz and other veteran U.S. auto executives to its board, pending the completion of its upcoming merger with a special purpose acquisition company. Lutz will be joined on the company’s board by Burt Jordan, former vice president of global purchasing operations and …
Bob Lutz joins board of lightweight wheel supplier Carbon Revolution Read More »
It is not clear how many people will attend, but Clinton Township Supervisor Bob Cannon said he was told the event is invitation-only. “We will have a strong police presence,” Cannon said. “We want to make sure that people can flow freely and that everyone is safe.” Biden and Trump, both running for a second …
What to know about the auto supplier Trump is visiting in Michigan Read More »
The International Brotherhood of Teamsters, which views autonomous trucking as a threat to union jobs, was a prominent backer of the bill. But even as government leaders of all stripes seek to curry favor with union workers — see this week’s scheduled visits to UAW picket lines from President Biden and former President Donald Trump …
Ford in February revealed plans for the site, which is to be known as BlueOval Battery Park Michigan. It originally was slated to open in 2026 as a wholly owned Ford subsidiary using technology from Contemporary Amperex Technology Co. Ltd., based in China. It was not immediately clear what, if any, impact the pause would …
Ford halts work on $3.5 billion EV battery plant in Michigan Read More »
