Thursday, January 20th, 2022

Tag: auto

Oklahoma Kia, Mitsubishi dealership owners, comptroller convicted of auto loan fraud

A federal jury in November convicted two Oklahoma dealership owners and their comptroller of using fraud to fool finance companies into issuing auto loans to consumers who might have been denied otherwise. Bobby Mayes,...

Kia shows off second-generation Niro compact crossover at Seoul auto show as EV race heats up

Kia unveiled the new Niro compact crossover with full-electric and hybrid powertrains as the automaker and its affiliate Hyundai seek to catch up in the EV market. The new Niro, an upgraded version of the...

How the chip shortage is hitting Mexican auto workers

AGUASCALIENTES, Mexico — The global semiconductor shortage is hitting Mexico’s auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns. The pain is acute in the central...

Victory Automotive, Brandon Steven Motors & Putnam Automotive buy dealerships in California; Griffin Auto acquires Georgia store

Putnam Automotive Dealer Group of Burlingame, Calif., added Honda to its growing portfolio of brands in mid August when it purchased Primo Honda in San Carlos, Calif. The transaction closed Aug. 18 after the...

An electrifying comeback for the L.A. auto show

It was a showcase of electrification. But some automakers are still having fun with combustion engines.

Keating Auto Group expands in Texas; growing group buys dealerships in Ohio and New Jersey

Keating Auto Group has acquired three more stores in Texas, while a growing dealership group purchased two import stores within the past month and a family-owned dealership bought its second store in Iowa. Here...

Morgan Stanley’s bearish report triggers drop in auto dealer group stocks such as Penske, AutoNation

Stock prices for public dealership groups took a hit Wednesday after Morgan Stanley equity analyst Adam Jonas released a research note expressing caution. In his report, Jonas downgraded Penske Automotive Group Inc. and Sonic...

Consumer Reports 2021 auto reliability survey: How Tesla, EVs fared

A Tesla Model X at a charging station in Beijing, China. Meghan Reeder | CNBC Lexus was rated the most reliable automaker in Consumer Reports’ 2021 Auto Reliability Report, followed by Mazda and Toyota,...

Morgan Stanley report triggers drop in auto dealer group stocks such as Penske, AutoNation

Stock prices for public dealership groups took a hit Wednesday after Morgan Stanley equity analyst Adam Jonas released a research note expressing caution about the group. In his report, Jonas downgraded Penske Automotive Group...

Fisker Ocean debuts at Los Angeles Auto Show

Founder Henrik Fisker touted the vehicle’s environmental benefits in its cabin materials, including a vegan interior that uses recycled material such as old fishing nets, T-shirts and “renewed” rubber. The Ocean has the largest...