Tag: car industry news

Shift Q1 earnings: Company reviewing ‘strategic alternatives’

By on April 21, 2026

Online used-vehicle retailer Shift Technologies Inc. said Thursday its board of directors is working with management and financial and legal advisers to assess a range of “strategic alternatives” for the company. in a statementShift said its board of directors was conducting a process to “explore and evaluate strategic alternatives, including exploring a potential sale of certain operating businesses, third party investment or partnership opportunities and/or funding alternatives for our marketplace business, to further enhance value for all stakeholders.” The company said its board did not set a timetable for the completion of the review process. There is “no assurance” it…

Kia and Hyundai Break-Ins On the Rise in Kent

By on April 8, 2026

Social media challenges, which have steadily increased since 2020, range from silly and benign to downright dangerous and harmful. One of the latest harmful challenges to hit social media this summer is the “Kia Challenge”—and it continues to gain momentum across the country. The Kia Challenge is a TikTok trend that encourages social media users to steal Kias manufactured between 2011-2021 and Hyundais made between 2015 and 2021. These models are being targeted because they don’t come with an engine immobilizer, which is a piece of hardware that prevents the engine from starting if the matching chip in the key…

Geely: All options on the table on Volvo AB stake

By on November 17, 2025

“Anything is possible in the future,” Oscarsson said. “For the time being we have no intention to change our position in the company.” He didn’t exclude Geely taking a more active ownership role such as requesting a board seat or joining the nominee committee. Geely, which owns a web of automotive interests in Europe, controls 8.2 percent of Volvo’s share capital and 16 percent of votes. Swedish investment company Industrivarden AB is the biggest stakeholder with 27.8 percent of votes. Geely bought the stake in Volvo in 2018 from activist investor Cevian Capital AB and has viewed the holding then…

Ferrari, Porsche benefit from EU’s e-fuels decision

By on October 19, 2025

Ferrari and Porsche will benefit from plans to exempt cars that run on e-fuels from the European Union’s planned 2035 phase-out of combustion engine vehicles. “The good news for us as a company is that on top of electric cars, we will also be able to go on with our internal combustion engine ones,” CEO Benedetto Vigna said. “This decision is very interesting for us because it allows ICEs to go beyond 2036,” he told a Reuters Newsmaker event on Monday. Ferrari, which is renowned for its powerful gasoline engines, has never provided a roadmap for going all electric. The…

Cox Automotive wields ax as it reviews Canadian operations

By on October 3, 2025

Cox Automotive is laying off 80 staff in Canada and closing its Manheim Edmonton auction operation as it re-evaluates its Canadian footprint following the sale of much of its software business in the country late last year. Matt Trapp, Cox’s regional vice-president for the eastern United States and Canada, said the company has spent the past few months assessing its long-term strategy for Canada, and changes in the local wholesale market mean Manheim Edmonton no longer fits Cox’s growth plan . “It’s never easy when we make these decisions. … Unfortunately, Edmonton is not going to be a part of…

Watching how industries react to innovation efforts

By on July 26, 2025

These are interesting times for retail technology in the auto industry, and I get to have a ringside seat. As the new retail technology reporter for Automotive NewsI’m looking for stories that can explain to readers the increasingly dramatic and ongoing retail technology transformation. I want to enlighten retailers about product innovations designed to make their lives better and more efficient and highlight industry players excelling at something different. The auto business is relatively new to me as a reporter, but I’ve long written about technology and the change it brings to industries, starting with the life sciences: biotechnology, health…

Rivian commits to more in-person customer contact in Canada

By on July 21, 2023

Rivian, which makes high-end electric SUVs and pickups, is opening its first Canadian showroom in the Vancouver suburb of Burnaby. The move by the California EV maker marks a course change from a strategy that favored largely online contact with customers, Denise Cherry, senior director of design and retail development, said. The purchase process still won’t be conducted end-to-end in the showrooms, which Rivian calls Spaces. The store will give it more of a presence in the community and customers a better chance to interact with the product and staff, he said. “We did want a place to put down…

Having Problems with Your Car’s Windows Sliding Down?

By on July 15, 2023

Are you frustrated because your car windows won’t stay up? Many vehicle owners in Tampa have problems with sliding car windows. Keep reading to learn more about why this happens and how expert repair services can keep your door windows in place. 3 Reasons for Windows that Won’t Stay Up Sometimes, your vehicle’s windows won’t stay up because the child safety switch is engaged or the ignition switch position needs to be in the accessory mode. When these simple fixes are the cause of your sliding window problem, you likely have one of the following issues that service technicians need…