KAR to spin off salvage auction business IAA Auto News

KAR Auction Services will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus on separate priorities and boost shareholder value.

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Lower U.S. Sales Expected for Feb. (2/27/18)

Lower U.S. sales expected for Feb.; Report: Geely pursued FCA buy; Lithia buys second Pittsburgh...
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U.S. trade officials meet Detroit 3 amid latest NAFTA pushAuto News

American trade officials are due to meet auto industry executives on Tuesday in a possible sign of increased discussion of automotive content requirements that have become a sticking point in efforts to rework the NAFTA trade deal.

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GM teases next-gen GMC Sierra ahead of Detroit debutAuto News

The face of the redesigned 2019 GMC Sierra will feature evolutionary signature U-shaped LED headlights and more prominent taillights, according to teaser images the brand released on social media.

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Lithia buys more stores near PittsburghAuto News

Lithia Motors expanded its presence in Pittsburgh with the purchase of Day Automotive Group. Day is estimated to generate $340 million in annual revenue.

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Sonic's Q4 net income jumps on tax changesAuto News

Sonic Automotive's fourth-quarter net soared on gains related to corporate tax changes. Same-store gross profit grew in all operations except used vehicles.

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Sonic's fourth-quarter net jumps on tax changesAuto News

Sonic Automotive's fourth-quarter net soared on gains related to corporate tax changes. Same-store gross profit grew in all operations except used vehicles.

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Geely held informal talks with Fiat Chrysler before Daimler deal,Auto News

Zhejiang Geely held informal talks about the potential takeover of Fiat Chrysler before the Chinese manufacturer turned its attention toward Daimler, people familiar with the matter told Bloomberg.

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Geely held informal talks with Fiat Chrysler before Daimler deal, report saysAuto News

Zhejiang Geely held informal talks about the potential takeover of Fiat Chrysler before the Chinese manufacturer turned its attention toward Daimler, people familiar with the matter told Bloomberg.

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Ford to test self-driving vehicle delivery service in MiamiAuto News

Ford is rolling out self-driving vehicles in Miami to deliver pizza and other goods.

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February U.S. sales forecast to fall as incentives dipAuto News

U.S. new-vehicle sales are expected to fall this month as the market continues to cool from its pace of recent years and automakers dial back on incentives.

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GM Korea to resume talks with union, a 'positive signal'Auto News

GM's South Korean unit said it plans to resume wage talks with its labor union on Wednesday, earlier than expected, as it tries to cut costs and keep its factories open.

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Dealership's ex-controller pleads guilty to stealing $1.1 millionAuto News

A former controller faces 20 years in jail and a $2.3 million fine for embezzling more than $1 million from a Connecticut dealership.

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