Asbury, Park Place agree to revised acquisition valued at $735M
Asbury will now acquire eight Park Place dealerships, both companies said Monday, taking a second chance on a sale that was derailed in the first weeks of the deadly coronavirus pandemic.
Uber to buy Postmates for $2.65 billion to expand delivery
Uber sees advantages of the merger beyond meal delivery. Postmates has been a pioneer in delivery-as-a-service, complementing Uber’s efforts in shuttling groceries, essentials and other goods.
VW on track to be freed from U.S. oversight imposed after diesel scandal
The role of a former U.S. deputy attorney general appointed to monitor VW's compliance with a diesel-rigging settlement is expected to end in September.
Jaguar Land Rover said to shortlist former BMW, Audi execs for CEO post
Ex-BMW development chief Klaus Froehlich and former Audi boss Bram Schot are being considered to succeed Jaguar Land Rover CEO Ralf Speth, the Financial Times reported.
Manheim adds 12 more sites for in-lane bidding
The Cox Automotive company first began allowing bidders to return to lanes at five pilot locations the week of June 22.
Ford says it may expand off-road line beyond Bronco, Bronco Sport
The automaker on Monday confirmed for the first time the name of its small off-road utility and that it was creating an off-road subbrand, something it's been telling dealers for more than a year.
Ram's next hurdle: Holding on to quality
FCA's pickup brand jumped to third in this year's J.D. Power study, even though the Ram lineup is new and contains a lot of technology that can ding brands' scores.
Long-awaited Ariya to debut July 15
Nissan CEO Makoto Uchida says the brand's Ariya crossover EV will be packed with new technology that makes an "amazing driving experience."
Battle-tested: Hyundai's new spokeswoman back in autos
Dana White is probably better known for her 21 months at the Pentagon than for her three years in Paris with the Renault Nissan Alliance.
Dealers reevaluate ad spending in pandemic
After drastic cuts in the spring, a modest boost in spending is being accompanied by intense scrutiny.