Month: November 2021

In an automotive retail landscape in the midst of a fast-paced era of consolidation, one group and one executive are operating at a different level: Lithia Motors Inc. and its CEO, Bryan DeBoer. The longtime head of what is now the nation’s second-largest dealership group has been the guiding force in the transformation of Lithia
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With the holiday season underway, it’s time for another late-year tradition: the unveiling of the Automotive News All-Stars. In 2021, the U.S. automotive landscape was reshaped by dealership consolidation. There was a flurry of buy-sell activity as many retailers cashed in on high dealership values. Leading the acquisition boom was Bryan DeBoer. Usually, our top
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The Volkswagen Group has hired two prominent battery specialists from Apple and BMW as it looks to boost its expertise in next-generation cell technologies. Soonho Ahn, former head of global battery developments at Apple, started as chief technical officer at VW Group’s battery division this month, according to his LinkedIn profile. Joerg Hoffmann, the former
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TOKYO – Nissan will invest 2 trillion yen ($17.65 billion) in the next five years to accelerate an electrified vehicle push with 23 new entries worldwide by the end of the decade, along with the breakthrough development of solid-state batteries. Nissan CEO Makoto Uchida outlined the targets on Monday while unveiling the Japanese automaker’s new
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Infineon Technologies Chief Operating Officer Jochen Hanebeck will become CEO of the semiconductor maker on April 1, 2022, succeeding Reinhard Ploss, who has led the company since 2012. The succession plan was approved last week by Infineon’s supervisory board, who gave Hanebeck a five-year contract, until March 31, 2027. Infineon said in a news release
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Chinese premium EV maker Nio has denied that it plans to establish a factory in Europe as the company moves to expand its vehicle sales in the region beyond Norway. Reports said Nio is planning a production base in Poland after a recruitment advert appeared on LinkedIn seeking an “EU plant operation manager.” The ad
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The 996-generation 911 that Porsche turned into a swan was certainly no ugly duckling. The German luxury brand is celebrating 20 years in China by taking the car, with an inflatable head and wings, on a tour of art galleries and museums across the country. The idea to turn a 911 into a swan came
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DETROIT — General Motors on Friday said customers who buy vehicles that are built without heated or ventilated seats because of parts shortages can have the features added later, potentially as soon as the middle of next year. GM provided the update a week after informing dealerships that it had to eliminate the features temporarily
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After more than a century of being humble, SAE International is starting to brag a bit by launching a “Meet SAE” ad campaign. SAE hopes the campaign will help increase membership and participation in events and on technical committees. The target market for these ads includes people working on advanced mobility technologies such as electrification
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Even Barbie is going electric. Mattel used a prime press conference slot at the Los Angeles Auto Show to unveil a sparkly two-seat convertible built on the chassis of a Fiat 500e. The company will be selling a toy version of the car at Walmart for $30. It will likely be more profitable than the
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The Dodge brand’s path to its electric future is trying to appeal honestly and accurately with two distinct camps: consumers who are excited about the brand’s EV push and naysayers who fear the muscle-car brand is abandoning its identity. Tim Kuniskis, the brand’s CEO, is using digital marketing to appeal to both groups. Dodge’s two-year
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