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Net income surged at Lithia Motors Inc. in the first quarter as the dealership group reported record first-quarter revenue and earnings per share. Lithia said Wednesday that it posted net income of $156 million, compared with $46 million in first-quarter 2020. Revenue for the quarter jumped 54 percent to $4.3 billion, a first-quarter record high,
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BMW M3 Full Overview Any new BMW M3 is a big deal to the enthusiast car community. Forget for a moment what the car actually is and focus instead on understanding what it represents. The M3 is the souped-up, hot-rodded, better-to-drive version of the traditional Ultimate Driving Machine, the BMW 3 Series. The 3 Series
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Mexican supplier Nemak reported net income of $40 million in the first quarter, compared with a net loss of $14 million in the year-earlier period, and attributed the turnaround to cost-reduction initiatives and an improved product mix in its electric vehicle and structural applications segment. Revenue increased 15 percent to about $1.04 billion, up from
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DETROIT — Ford Motor Co. on Monday said hourly and salaried workers at a handful of its U.S. manufacturing plants could begin to receive COVID-19 vaccinations on-site. The automaker said it is partnering with the UAW and various pharmacies and health care providers to offer the shots in southeast Michigan; Lima, Ohio; and Kansas City,
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The president of a luxury used-vehicle dealership in Texas is growing his business in the state with the acquisition of a Chevrolet-Buick store. Michael Handwerger, president of Alpha One Automotive Cos. in Round Rock, last week bought Miller-Starnes Chevrolet-Buick in Rockdale from Allan Miller and Kerry Starnes. “We were looking for a store within a
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Mercedes-Benz is adopting the boxy styling of its rugged G-Class off-roader with its latest battery-powered vehicle, the EQB. The compact utility will offer seating for up to seven people and is targeted at families who want a greener alternative to the GLB combustion engine model on which it’s based. The EQB’s driving range is 478
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General Motors and LG Energy Solution today confirmed the two companies will build a $2.3 billion battery cell plant in Tennessee that will be key to powering the 2023 Cadillac Lyriq electric midsize SUV, which will be assembled at the adjacent Spring Hill vehicle assembly plant starting next year. Construction begins immediately on the 2.8-million-square-foot
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Editor’s note: It’s been 25 years since the GM EV1 rolled into showrooms and launched the electric vehicle in the modern era. This article is part of a special report Automotive News will publish on Monday. As president of General Motors from 1990 to 1992, Lloyd Reuss was an early champion of the Impact, the
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Volkswagen is expanding its electric vehicle family with two versions of a production-ready, three-row, seven-passenger crossover that it will begin producing in China with two joint-venture partners. A version of the Atlas-sized ID6 — the latest in the automaker’s global lineup of EVs, following the debut last year of the Golf-sized ID3 and Tiguan-sized ID4
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General Motors and LG Energy Solution plan to invest more than $2.3 billion in an Ultium battery facility in Spring Hill, Tenn., near the assembly plant that will build the Cadillac Lyriq EV, the companies said Friday. Construction will begin immediately, and the plant is slated to open in 2023, Ultium Cells — GM and
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It isn’t enough to just build an electric car anymore. As an automaker keen on satisfying greenies, you must commit to sustainability. That means low-emission/carbon-neutral factories, sustainable material choices, and leveraging renewable energy. Audi’s all-new, fully electric Q4 E-Tron electric crossover (and its fastback Sportback counterpart) checks all three boxes and then some. This isn’t just
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LOS ANGELES — The Civic, Honda’s No. 2 U.S. seller behind the CR-V and a mainstay of the automaker’s lineup for decades, is going back to its roots while building upon the recipe that has made it one of the most popular cars. Honda released an image Wednesday of the 11th-generation Civic in up-level Touring
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