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…
Tag: car industry news
Kia and Hyundai Break-Ins On the Rise in Kent
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…
Geely: All options on the table on Volvo AB stake
“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…
Ferrari, Porsche benefit from EU’s e-fuels decision
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…
Cox Automotive wields ax as it reviews Canadian operations
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…
Watching how industries react to innovation efforts
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…
Rivian commits to more in-person customer contact in Canada
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…
Having Problems with Your Car’s Windows Sliding Down?
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…