News - Auto News


Lithia reports June sales gain, two acquisitions

The third-largest U.S. new-vehicle retailer said it acquired Smolich Chrysler-Jeep-Dodge and Smolich Nissan in Bend, Ore.

Dealers took at least $7.6B in PPP loans, saving more than 746,000 jobs

Small Business Administration data shows that three-quarters of new vehicle dealers took advantage of Payroll Protection Program loans in the second quarter of between $150,000 and $10 million.

FCA worker stabbed outside of Ram plant

An FCA spokeswoman said there was an altercation between two employees outside of the plant, which produces the Ram 1500 pickup.

Ghosn wired $860,000 to alleged escape plotters, U.S. says

Ghosn wired the money in two installments to Promote Fox LLC, a company managed by Peter Taylor and one of his brothers, the government said in a Tuesday court filing.

Tesla's stock rally brings Wall Street’s contradictions to light

According to Bloomberg data, 16 analysts currently recommend selling Tesla, while 11 advise holding, and 9 say buy.