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News:

Asbury to buy luxury dealerships from Park Place in $1 billion deal

The 10 dealerships with 17 new-vehicle franchises being acquired will grow Asburys luxury revenue mix to about 50 percent from 33 percent. Asbury said the acquisition is expected to add $1.9 billion in annualized revenues. ...


China light vehicle sales to fall for third year in 2020, forecast says

Sales will fall 2 percent to 25.3 million units in 2020, the China Association of Automobile Manufacturers predicted. That follows a drop of about 3 percent last year -- the first decline in decades -- and about 8 percent this year. ...


Europe may tighten CO2 emissions targets in 'Green Deal'

The new European Commission signaled it will review automakers CO2 emissions reduction goals already set for 2030 as part of its plans to tackle climate change. ...


Feds investigated UAW headquarters fire; status of case unclear

The Detroit fire marshal in October ruled out arson as a cause of the fire, which has shuttered UAW headquarters indefinitely. The Detroit News reported Wednesday the investigation was still open. ...


UAW workers ratify FCA labor deal by broad margin

Fiat Chryslers roughly 47,000 hourly UAW workers overwhelmingly ratified a new four-year labor contract, ending the most contentious set of Detroit 3 negotiations in years. Roughly 71 percent of workers voted in favor of the deal, the union said. ...


CEO of GM's Cruise hints at offering low-cost shared rides

In a blog post, Dan Ammann said Cruise’s mission is to “reduce congestion through making shared rides more compelling by providing an awesome experience at a radically lower cost.” ...



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