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Editor’s note: This story has been updated to correct Tom Dobry’s new title, which Lithia has confirmed is different than what is stated in its 8-K filing. Lithia Motors Inc. is shuffling its executive marketing positions, bringing back a former executive and media expert as the new leader of the department. The dealership group hired
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2:34 PM ET ESPN News Services Helio Castroneves will race for a record fifth Indianapolis 500 while running the full season in 2022 with Meyer Shank Racing. Castroneves, who won his record-tying fourth Indy 500 in May, has only a partial IndyCar schedule this season with Meyer Shank and has not raced since he joined
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DETROIT– General Motors plans to recall certain Chevrolet Bolts for the second time in less than a year to replace defective battery modules after customers who completed a previous recall remedy continued to report battery fires. GM did not say when the replacements would start. “We’re working with our supplier and manufacturing teams to determine
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4:49 PM ET Associated Press ALGONA, Iowa — An Iowa race track said Thursday that it will cut ties with an announcer who went on a racist rant against Black fans and athletes who kneel during the national anthem as a protest against racial inequality. The Kossuth County Speedway in Algona, Iowa, said its leaders
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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 deal that would help expand its driver assistance technologies business. Magna will buy out Veoneer’s outstanding shares for $31.25 each, and the acquisition represents an enterprise value of $3.3 billion including
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Congress must act quickly to bolster semiconductor manufacturing in the U.S., according to a letter from several trade groups and unions delivered to House and Senate leaders on Thursday. “Strengthening the U.S. position in semiconductor research, design, and manufacturing is a national priority,” reads the letter, organized by the Semiconductor Industry Association. “While the governments
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LOS ANGELES — The founder and CEO of HAAH Automotive Holdings, Duke Hale, has formed a new company that intends to make a bid for ailing Korean automaker SsangYong Motor Co., Hale told Automotive News. HAAH this week announced that it had abandoned plans to import Chinese cars to the U.S. and would file for
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10:08 AM ET Associated Press IndyCar announced an extension with NBC Sports on Tuesday that guarantees a majority of its races will be on the main network broadcast rather than cable, including a series-high 13 events on the flagship channel next season. Still, the migration toward streaming will hit full speed next season as NBC
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Lithia Motors Inc.’s revenue and earnings per share reached second-quarter records as net income jumped nearly fourfold on soaring new- and used-vehicle sales, higher gross vehicle profits and improved finance and insurance profits. Net income totaled $304.9 million, up from $77.7 million in the same 2020 quarter that saw showrooms temporarily close and business slow
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11:16 AM ET Associated Press CHARLOTTE, N.C. — Jack Roush put a long-term vision for Roush Fenway Racing in motion Tuesday when the 79-year-old team owner introduced Brad Keselowski as a new partner in the NASCAR team. Keselowski is leaving Team Penske, where he won the 2012 championship, because he wanted an ownership role in
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Growing Northeastern auto dealer Jonathan Sobel, a former Goldman Sachs partner, has expanded his presence into a third state with the acquisition of three luxury dealerships, a service center and a used-only dealership in Pennsylvania. Sobel on July 8 bought Audi West Chester, Audi Wynnewood, Porsche Conshohocken, Audi Service Conshohocken and the Warehouse, a used-vehicle
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WeRide robotaxis driving around the southern Chinese city of Guangzhou. The start-up began testing robotaxis in the city in 2019. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking company, as it looks to commercialize self-driving technology. The Guangzhou-based company bought MoonX.AI for an undisclosed sum, it
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DETROIT — GMC will join the electric pickup fray, executives said Monday. Duncan Aldred, vice president of global Buick and GMC, told reporters a full-size electric pickup would arrive in “due course.” Aldred declined to say whether the pickup would share the Sierra name with its gasoline-powered counterpart. GMC’s confirmation of an electric pickup follows
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8:52 PM ET Associated Press MORRISON, Colo. — Defending series champion Matt Hagan raced to his first victory at Bandimere Speedway, beating Alexis DeJoria in the Funny Car final Sunday in the Mile-High NHRA Nationals. Hagan beat DeJoria with a 4.105-second pass at 305.70 mph in a Dodge Charger SRT Hellcat Redeye for his first
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8:59 PM ET Associated Press LOUDON, N.H. — With darkness closing in, Aric Almirola sprung to life late Sunday at New Hampshire Motor Speedway and pulled off the surprise victory, the first one of the year for Stewart-Haas Racing. “There is no doubt we have struggled,” Almirola said. “But guess what? We’re going playoff racing.”
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1:01 AM ET Associated Press MORRISON, Colo. — Brittany Force had the quickest run in Bandimere Speedway history Saturday, rocketing to the No. 1 position in Top Fuel at the Dodge/SRT Mile-High NHRA Nationals. Force had a track-record run of 3.717 seconds at 326.00 mph in her third No. 1 qualifier of the year and
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CHICAGO — The arrival of an electric Ram 1500 pickup in 2024 would be a stark shift for the brand and set it up for the future, but it wouldn’t require much of a messaging tweak on the marketing side. The focus on capability, which could actually improve with an electric powertrain, wouldn’t need to
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In this article RTP 2373-TW Aurora, a start-up developing hardware and software to enable vehicles to drive autonomously, is going public through a SPAC merger. The deal with Reinvent Technology Partners, a special purpose acquisition company, is expected to close later this year, setting up the merged company with $2.5 billion in cash. “This is
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