Group 1 Automotive Inc. has completed the sale of its Brazilian operations. The Houston-based dealership group said Tuesday that its subsidiary GPI SA LLC closed on the share purchase agreement transaction with Original Holdings S.A. of Brazil. Group 1 said Original Holdings bought equity interests of UAB from Group 1 for 510 million in Brazilian
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By Maria Merano Posted on July 4, 2022 Since January 2022, Tesla has built over 1,200 Supercharger stations with more than 8,700 Superchargers in Mainland China. Tesla also installed 700 destination charging stations with 1,800 destination charging piles in various hotels/resorts, dining halls, shopping centers, and office buildings in the country. Tesla China’s Supercharger stations
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Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for IT is Joonas Laine, who is Lynk & CO’s head of IT. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague at a
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In the wake of the Federal Trade Commission’s proposal of new, sweeping regulations on car dealership price advertising and F&I product disclosure, a client of Hudson Cook partner Jean Noonan asked her, “Wasn’t all of this already illegal?” Yes and no, said Noonan and other compliance experts who explored the rationale and timing of the
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Tesla Inc. is bringing back its “Enhanced Autopilot” driving-assistance package for $6,000, which will sit between standard Autopilot and the automaker’s $12,000 beta test software that it calls Full Self Driving, despite not having that capability. CEO Elon Musk confirmed the move on Twitter earlier this month in response to a request from Trevor Page,
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Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for Sustainability is Nari Kahle, who is head of strategic programs at Volkswagen Group software arm Cariad. For her full profile click here. The 2022 Rising Stars winners will be honored
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What kind of vehicle is the 2023 BMW i4? What does it compare to? The BMW i4 is an electric sedan that mostly retains the conventional style of the 4-Series, but swaps in an electric powertrain. It competes against other electric vehicles, ranging from the Tesla Model 3 to the Genesis GV60 and Kia EV6.
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Bring your questions to a conversation with past 40 Under 40 honorees about professional development, mentorship and employee satisfaction. Ashlee Church, general manager of Volkswagen of Marion in southern Illinois, and Erikka Wells, the store’s sales manager, will share insights with Automotive News reporter Lindsay VanHulle and Executive Editor Jamie Butters on a video chat.
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By 2030, Stellantis expects to boast more than 25 electric vehicles across its U.S. portfolio. Ram will offer buyers the ability to haul loads with versatile electric pickups. Dodge will have performance enthusiasts burning rubber with zero-emission muscle cars. Jeep will have moved beyond its 4xe plug-in hybrid technology to full EVs still capable of
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Toyota Motor Corp. has used up a key U.S. tax credit for hybrid and electric vehicles, a milestone that the automaker says will raise its costs and hinder adoption of climate-friendly cars. The company said Friday that it sold 3,876 plug-in hybrid and electric cars in June. The U.S. allows automakers to offer a $7,500
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