Month: May 2022

The major trends shaking up the auto industry — electrification, connectivity, autonomous driving — are driving new thinking about the best way to sell cars. The traditional dealer model is being challenged by the so-called “agency model,” in which sales are made directly to the end customer by the automaker. Automakers gain more control over distribution
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5:01 PM ET Associated Press INDIANAPOLIS — Colton Herta was cleared to drive in the Indianapolis 500 on Saturday, a day after flipping end over end in a harrowing crash. The Andretti Autosport driver walked out of the infield care center uninjured but required further evaluation before getting the green light to race Sunday. Andretti
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Three auto retailers acquired dealerships in second-quarter transactions across Florida, Alabama and Missouri. Here’s a look at the deals involving domestic and import dealerships. One of the transactions involved a group ranked on Automotive News‘ top 150 dealership groups list. Morgan Automotive Group, which this month purchased two Tampa, Fla., dealerships, has acquired a Kia
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6:19 PM ET Associated Press INDIANAPOLIS — Indianapolis 500 winner Marcus Ericsson cashed in on the race’s record purse, earning an unprecedented $3.1 million check for Sunday’s victory. Prize totals were announced Monday, the same day the annual victory celebration was held in downtown Indianapolis. The 31-year-old Ericsson became the second 500 champion from Sweden,
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Automotive News has added to its multimedia team and hired a social media editor. Laura Harris joined Automotive News as a video reporter and anchor. The Chicago native last worked in South Carolina. Harris, 26, is a graduate of the University of Missouri’s journalism school and earned a master’s degree at Northwestern University’s Medill School
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Before the current BMW M8, the automaker toyed with building an M version of the wedge-shaped E31 8-Series of the 1990s, even building a one-off prototype. That car recently resurfaced in a video from BMW Group Classic, including interviews with some of the engineers who developed it. The E31 M8 prototype has a version of
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The nation’s largest new-vehicle retailer has begun a multimillion-dollar advertising campaign aimed not at car shoppers, but at potential employees. AutoNation’s “Go Be Great” campaign began airing on TV networks including ESPN, CNBC and NBC last week, ahead of the Indianapolis 500 race on Sunday, May 29. AutoNation is a sponsor of Indy 500 driver
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Stellantis will build a large commercial van for Toyota in its factories in Poland and Italy starting in mid-2024, including a full-electric version. The collaboration will give Toyota a large van to sell in Europe for the first time. Stellantis currently builds compact and midsize vans for Toyota, in both commercial and passenger versions. No
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