Unvaccinated workers at General Motors’ CAMI Assembly Plant have been forced onto unpaid leaves of absence following the automaker’s Sunday vaccination deadline, according to the union that represents hourly workers at the plant. Mike Van Boekel, Unifor chairperson for the Ingersoll, Ont., assembly facility, confirmed Monday an undisclosed number of […]
Automotive News
Editor’s note: This story has been updated to reflect the puchase price listed in Sonic’s Dec. 9 regulatory filing. Sonic Automotive Inc. has completed what CEO David Smith has called the group’s largest acquisition ever with its $950.2 million purchase of RFJ Auto Partners Holdings Inc. The acquisition, which […]
But according to the complaint, a Ford representative on Oct. 25 told Kitty Van Bortel that Henderson Ford had entered into a new purchase agreement to sell the store to West Herr Automotive Group and that the automaker would not exercise a right of first refusal. The Van Bortels allege […]
CDK Global Inc. agreed to drop its legal challenge to a state law in Arizona that gives auto retailers more control of data inside dealership management systems, saying the company instead will focus on its software products. U.S. District Judge G. Murray Snow last week signed an order dismissing CDK’s […]
Wholesale used-vehicle prices set new records once again in November as consumer demand remained high amid continued inventory shortages. Cox Automotive’s Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, rose 44 percent in November compared with the same month in 2020. The November index increased […]
MILAN — Stellantis plans to generate around 4 billion euros ($4.5 billion) in additional annual revenues by 2026 and around 20 billion euros ($23 billion) by 2030 from software-enabled product offerings and subscriptions. Presenting its long-term software strategy on Tuesday, the automaker said it expected to have 34 million connected […]