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CEO Jim Farley says the automaker has no plans to spin off its EV business during a virtual Wolfe Research investor conference.
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Volkswagen and its top shareholder have prepared a preliminary agreement to list Porsche to boost the parent company's valuation and fund its push into EVs.
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A coalition has asked the U.S. Treasury Department to grant relief to dealers employing the LIFO tax deferment strategy who face excessive tax bills this spring.
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Telluride, Sorento, Carnival, K5, Soul and Rio were named Car and Driver 2022 Editors' Choice award winners, selected from more than 400 models tested.
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The Estimated Average Weekly Sales Rate has dropped to 61% this week, after a few weeks at 62%. This is not surprising as wholesale buyers try to anticipate consumer sentiment and wholesale seller behavior.
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Recent media coverage about rising new-vehicle prices fails to account for unprecedented market conditions in the retail auto market.
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LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
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Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.
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The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.
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In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
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