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Daimler’s Mercedes-Benz division expects sales to stabilize in the fourth quarter and still aims to generate double-digit returns this year despite disruptions from the global semiconductor shortage. While chip supply bottlenecks have been exacerbated by recent factory shutdowns in Malaysia, underlying demand for Mercedes luxury cars remains very strong in China, Europe and North America,
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Lithia Motors Inc. has entered Georgia with the acquisition of a Honda store and separately bought a Chrysler-Dodge-Jeep-Ram-Fiat dealership in Southern California. Both transactions closed on Monday. Combined, the two acquisitions will add an expected $320 million to Lithia’s annual revenue. Lithia bought Curry Honda in Chamblee, Ga., northeast of Atlanta, from Bernie Curry. Lithia
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Laurens van den Acker took over as head of Renault Group design in 2009 and presided over a successful revamping of the Renault brand’s lineup. Now, under new CEO Luca de Meo, he is stepping into a less hands-on role at the automaker as executive vice president, group design. Van den Acker spoke with Automotive
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Here’s an example of dealership marketing based on first-party customer data — the data the dealership keeps about its own customers. A Ford shopper bought an F-150 pickup from Dealership A and is now searching for lease deals on a new truck. But Dealership A’s advertising provider doesn’t have visibility into the store’s sales history,
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What kind of car is the 2022 Subaru BRZ? What does it compare to? A small two-door sports coupe that’s low on power but high on fun, the Subaru BRZ competes against the Toyota 86, Mazda MX-5 Miata, and Hyundai Veloster N, as well as larger American iron like the Chevrolet Camaro and Ford Mustang.
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Porsche and Siemens Energy have broken ground on a synthetic fuel pilot plant called Haru Oni, the automaker announced Tuesday in a press release. Located in Punta Arenas, Chile, the plant will produce fuel that is nearly carbon neutral and can be used with existing internal-combustion engines, Porsche claims. Fuel will be produced using electrolysis
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Chevrolet’s newest premium off road truck, the Chevrolet Silverado ZR2, is all new for 2022. How does it stack up against this increasingly competitive segment? Check out our first look impressions right here. ➡️ https://bit.ly/3jWe9hL #Chevrolet #Silverado #MotorTrend MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive research and news. Get
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LONDON — Aston Martin have started work on a new Formula One factory and wind tunnel that team owner Lawrence Stroll said underpins his commitment to the sport and aim of fighting for world championships in the next three to five years. The Canadian billionaire told reporters the factory and ‘campus’ at Silverstone, central England,
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