News

AutoCanada has rebranded its nine U.S. locations as the Leader Automotive Group under a turnaround plan that  includes selling underperforming stores, Canada’s lone publicly traded dealership group said Thursday. AutoCanada, which in April 2018 acquired nine stores from the Grossinger Auto Group, said in a news release detailing second-quarter earnings that it also plans to
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You ready for the truth? Very few crossovers start under $20,000. But wait! Before you go, let us show you highlights from new crossovers you can get for around $20,000 (including destination, before incentives). Plus, we’ll reveal a few surprises—cars that deliver part of the subcompact SUV experience you crave for an equally affordable price.
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Fiat Chrysler Automobiles CEO Mike Manley said the automaker will not have to pay fines for failing to comply with tougher European CO2 regulations in 2019 and 2020. FCA will be compliant because of a regulatory credit deal with Tesla, the forthcoming debuts of plug-in hybrid versions of the Jeep Compass, Renegade and Wrangler, as
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It’s tough living in the shadows, but Ford has done its best to ensure the new-for-2018 Expedition gets its chance at the spotlight. Our 2018 Ford Expedition XLT 4×4, like all new Expeditions, is built with lessons learned developing the best-selling, Truck of the Year-winning Ford F-150. Its sleek new sheetmetal is made of aluminum,
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Uber Technologies Inc. reported a $5.2 billion loss for the second quarter on Thursday as growth in its core ride-hailing business slowed, sending its shares down in after-hours trading. The latest red ink, up from a loss of $878 million a year earlier, reflected $3.9 billion of stock-based compensation expenses related to its IPO earlier
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Kia has announced pricing for its unlikely new sport compact, and we’re impressed. The 2020 Kia Forte GT starts at $23,215. This price will get you a seven-speed dual-clutch transmission paired to a 1.6-liter turbo-four making 201 hp and 195 lb-ft of torque. Interestingly, if you want a six-speed manual, you’ll pay $600 more. At
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If you’re at fault in an accident, there’s a good chance your insurance rates are going up. But just how much more money can you expect to shell out? A new study by Insurance.com ranks the best and worst states for car accident claims, based on the average rates drivers pay following an at-fault accident. Michigan
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Turns out limited-production hypercars aren’t necessarily great moneymakers, even when they cost more than $2 million. Automobili Pininfarina shocked audiences at the 2019 Geneva Motor Show with the Battista, an all-electric hyper-GT with nearly 1,900 hp and 1,700 lb-ft of torque. The car’s incredible design and projected performance figures may justify its price tag, but
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The electric truckmaker in talks to buy General Motors’ idled factory in Lordstown, Ohio, that President Donald Trump has championed reported a dismal quarter of results as vehicle shipments ground to a halt. Workhorse Group Inc. had just $6,000 in sales during the three months ended in June, down from about $171,000 a year earlier. The Cincinnati-based company
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Automobili Pininfarina is looking to follow up its Battisa full-electric hypercar with a range of vehicles that could include a sedan and an SUV, CEO Michael Perschke said. The new Munich-based brand with Italian roots is currently in talks with partners to create a platform that would underpin the cars, which would cost between $220,000
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Editor’s note: This story will be part of a special section focusing on 15 emerging materials that are solving auto industry needs, to be published in the Aug. 5 issue of Automotive News. Hitting an unlined pickup bed with an aluminum bat typically would result in significant dents and a lofty repair bill. But not
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The NTT IndyCar Series is the latest top-flight racing organization to embrace hybrid powertrain technology. The electric power boost is set to debut for the 2022 season in its Dallara-supplied race cars, which are presently powered by either Honda or Chevrolet. Following on the heels of hybrid or electric powertrains now running in Formula 1,
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HANDLER, Ariz. — At a time when the idea of self-driving vehicles has barely left the pages of science fiction in the minds of many consumers, Damian Nichols has already made them a fixture in his everyday life. Nichols, a married father of three, lives in the Phoenix suburbs, where he works in information technology
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Editor’s note: This story will be part of a special section focusing on 15 emerging materials that are solving auto industry needs, to be published in the Aug. 5 issue of Automotive News. Ford Motor Co. revolutionized the use of aluminum for its 2015 F-150 pickup. Now it’s innovating with steel. To form the roof
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American Axle & Manufacturing Holdings Inc. on Friday reported a 65 percent drop in second-quarter net income due to softer-than-expected sales, prompting the supplier to lowered its full-year outlook. The supplier of driveline and drivetrain systems reported second-quarter net income of $52.5 million, or $0.45 per share, on revenue of $1.7 billion, compared with net income
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