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Fisker appoints chief restructuring officer after missing payment to noteholder

Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1.

Источник: Section Page News - Automotive News | 23 Apr 2024, 19:21


Tesla Cybertruck is loaded with advanced technology, says teardown expert Sandy Munro

Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings.

Источник: Section Page News - Automotive News | 23 Apr 2024, 19:00


2 former dealership employees who started new marketing firm settle lawsuit

A Massachusetts dealership has settled a lawsuit that accused two former employees of breach of loyalty, misappropriation of trade secrets and other claims for setting up a competing dealer-to-dealer digital marketing agency.

Источник: Section Page News - Automotive News | 23 Apr 2024, 18:34


Veoneer names longtime Forvia executive Nik Endrud CEO following sale

Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units.

Источник: Section Page News - Automotive News | 23 Apr 2024, 18:10


South Dakota dealership fixes Chevy Impala for free after woman scammed by repair shop

After spending months trying to get her Chevy Impala back from a garage that abruptly closed, a Seattle woman was finally reunited with the car and had the $4,000 repair bill waived.

Источник: Section Page News - Automotive News | 23 Apr 2024, 17:51


2025 Subaru Legacy to mark end of brand's midsize sedan

The midsize Legacy will be dropped after the 2025 model year, as U.S. consumers continue to shift away from sedans, making room for Subaru to build future EVs.

Источник: Section Page News - Automotive News | 23 Apr 2024, 17:39


GM Financial Q1 net income slips 8%

The captive said lease originations rose, while retail loans fell.

Источник: Section Page News - Automotive News | 23 Apr 2024, 16:18


Here are the 5 least expensive EVs in the first quarter

Each of the five least expensive EVs is less than $41,000 with automaker and dealer incentives, according to Cox Automotive data.

Источник: Section Page News - Automotive News | 23 Apr 2024, 15:00


2024 Toyota Tacoma's hybrid boosts performance, price by $3,700

On sale later this spring, the 2024 Toyota Tacoma's optional i-Force Max powertrain boosts power to 326 hp, fuel economy to up to 24 mpg combined, but also raises price by $3,700.

Источник: Section Page News - Automotive News | 23 Apr 2024, 14:00


GM posts higher Q1 profit, ups 2024 financial guidance

GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue.

Источник: Section Page News - Automotive News | 23 Apr 2024, 13:30


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