Robuta

The megadealer is looking to increase luxury-brand sales to boost profits going into the new year, CEO Mike Manley said on the company’s earnings call.

Under the agreement, the companies will move battery production for the Mustang Mach-E from Poland to Michigan.

Ford Motor Co. reported its best sales year since 2019, while GM’s U.S. sales were up 6% year over year to 2.85 million vehicles.

Transactions will rise as the valuation gap between buyers and sellers narrows, experts said.

The Aguascalientes joint venture, which began production in 2017, will continue to manufacture vehicles through May 2026.

Chancellor Friedrich Merz said Europe’s automakers need more time to transition to electric vehicles.

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The plans include advancing next-generation battery technology and establishing an energy storage software and services business.

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The U.S. president said he would raise levies, including those on cars, because South Korea’s National Assembly has not enacted terms of a framework trade...

The aluminum supplier to the auto industry said the facility has continued to ship finished material to Ford Motor Co., a primary customer.