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Lithia hires new CMO, creates head of advertising position

LinkedIn Marguerite Celeste Lithia Motors Inc. is shuffling its executive marketing positions, bringing back a former executive and media expert as the new leader of the...

Rivian announces $2.5 billion funding round led by Amazon, Ford

Bloomberg Electric vehicle startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com, Ford Motor Co. and T....

Lithia to buy Canadian dealerships from Pfaff Automotive Partners

Lithia Motors Inc., the second-largest U.S. dealership group, is expected to purchase Ontario-based Pfaff Automotive Partners, according to a dealership buy-sell adviser who is...

U.S. and Mexico fail to resolve dispute on trade rules for light vehicles

WASHINGTON -- The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting this week, threatening the goal...

Gurley Leep, PSD Automotive acquire dealerships

Two established dealership groups, Gurley Leep Automotive Family and PSD Automotive Group, made acquisitions in the second quarter, while a dealer bought his second...

Next step for EVs: Design batteries to strengthen auto bodies, extend range

Tesla plans to build the Model Y with new battery technology at its European factory near Berlin. DETROIT -- Automakers and battery manufacturers are racing...

Daimler will invest more than $47B in EVs by 2030

Daimler CEO Kallenius is shown with the Mercedes EQ family at the automaker's Immendingen test track in southern Germany. Daimler plans to invest more...

Amazon-backed Rivian confirms plan for second U.S. assembly plant

Amazon-backed EV startup Rivian Automotive plans to build a second U.S. assembly plant that will also include battery cell production, four people familiar...

GM to add trailering, automatic lane change to Super Cruise

DETROIT — General Motors' latest version of its Super Cruise driver-assist technology, set to debut on the GMC Hummer EV pickup, will allow customers...

Magna International to buy Veoneer for $3.8 billion

Bloomberg Canadian auto supplier Magna International Inc. said on Thursday it will buy Swedish rival Veoneer Inc. for about $3.8 billion in cash, in a...