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Rental companies buy up used cars as microchip crisis gets worse

It's uncharted territory for the likes of Hertz and Enterprise, which have made their profits by purchasing new vehicles cheaply in bulk, renting theRead More

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GM taps Craig Glidden to lead global public New! 2021-05-14 13:08:28Glidden's promotion will be combined with his existing role as general counsel.

Mazda names Guyton CEO of North American operations New! 2021-05-14 11:18:07Guyton will succeed Masahiro Moro, who will assume a newly created global position of chief communications officer in Japan.

Dealer Bernie Moreno unable to buy back Cleveland-area New! 2021-05-14 10:55:50Moreno, who last month announced a bid for U.S. Senate in Ohio, said a handshake deal with dealership owner Terry Rafih fell through last month.

U.S. senators near deal on $52 billion microchip New! 2021-05-14 10:50:47At least one sticking point remains over whether to include a provision on labor rates, Reuters reported.

GM to spend $40M retooling Michigan plant for New! 2021-05-14 10:38:04The investment at the facility in Pontiac is expected to create 20 jobs, with the retooling to begin immediately.

Auto plants emerge as next battleground in U.S. New! 2021-05-14 08:45:21Vaccine hesitancy, even among a minority of the automotive workforce, could add further strain to the industry as it tries to recover lost production

EV startups lose more than $40 billion after New! 2021-05-14 07:38:10The sliding valuations of Nikola, Fisker, Lordstown Motors, Canoo and Arrival underscore the risks surrounding the blank-check boom.

Tesla in talks with China's EVE for low-cost New! 2021-05-14 06:58:30EVE makes lithium iron phosphate batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt.

Honda swings to quarterly profit, expects chip shortage New! 2021-05-14 06:32:28In the recent quarter ending March 31, Honda posted an operating profit of $1.93 billion following a $51 million loss a year earlier. Revenue advanced

Mazda's quarterly profit more than triples as sales New! 2021-05-14 05:03:29Operating profit at Mazda bounced back as sales recovered from the pandemic slump and the company curbed marketing costs.

Hyundai, Kia plan $7.4B U.S. investment in EVs, 2021-05-13 11:01:46South Korea's Hyundai Motor and its Kia affiliate said they plan to invest $7.4 billion in the U.S. by 2025 to produce electric vehicles, enhance pro

Fifth generation of Ford family elected to board 2021-05-13 11:00:09Alexandra Ford English, daughter of Executive Chairman Bill Ford, and Henry Ford III, son of Edsel Ford II, on Thursday were voted into two open board

Motor Trend

Adorably Terrible ’92 Geo Metro Convertible Sold for 2021-05-13 17:37:03This bright blue 1992 Geo Metro Convertible was the headliner of RM Sotheby’s “Handle With Fun” online auction that ended today. The

All-New 11th-Gen 2022 Honda Civic Sedan Pricing Holds 2021-05-13 15:00:15The Honda Civic is small car royalty, and for its all-new, 11th generation, it’s arguably better looking (inside and out) than ever before. We d

Mazda Just Restored Its Amazing MX-81 Aria Concept 2021-05-13 13:54:00At the intersection of Italian design and Japanese technology, Mazda unveiled the MX-81 Aria concept at the 1981 Tokyo Motor Show. It was Mazda’

The Colonial Pipeline Shutdown Is Over, So Why 2021-05-13 11:05:23If you live along the Eastern seaboard of the United States, you’re probably thinking about gas today, and not the kind generated by that weird

Alexa, Thanks For Embedding Yourself in My New 2021-05-13 09:51:10“Alexa, start my Ford and crank the air conditioning” is the kind of verbal command owners of Ford vehicles will be able to seamlessly mak

Can Jim Farley, a Real Car Guy, Fix 2021-05-13 09:00:09Many men have tried to improve Ford. In the modern era, few have had the luxury of sitting back and watching the hits and the money roll in. The lates

What’s the Best 2021 Nissan Rogue Trim? Here’s 2021-05-13 07:00:39The 2021 Nissan Rogue is a truly substantial upgrade from the last generation, even if the powertrain is still less than impressive. But that’s

2021 GMC Canyon AT4 First Test: Still Sweet 2021-05-13 06:00:32The GMC Canyon AT4 is the automaker’s off-road-oriented midsize pickup truck, but don’t think of it as the Chevrolet Colorado ZR2‘s

The Ultimate BMW M8 Is a 12-Cylinder Prototype 2021-05-12 18:45:42It might come as news to those less familiar with BMW’s past that the 8 Series is actually a 30-year-old nameplate. First launched in 1990,

2022 Chevy Bolt EUV’s Range Falls Short of 2021-05-12 17:45:15When Chevrolet revealed the 2022 Bolt EUV, it estimated the electric SUV would manage approximately 250 miles of driving range on a full charge. Turns

Life After AMG: How CEO Tobias Moers Is 2021-05-11 19:01:19Having worked for Daimler AG for 26 years, seven of them as the successful CEO of the company’s in-house hot-rod shop, Mercedes-AMG, it’s

Porsche Sonderwunsch: Your Source for Factory Quality One-Offs 2021-05-11 18:01:19You may be familiar with Porsche’s Exclusive Manufaktur personalization program, or its Classic setup that provides parts and restoration suppor

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