Tag: latest news on automotive industry

Bob Loquercio Auto buys Ford, Toyota and Lexus dealerships

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Bob Loquercio Auto Group has expanded with the addition of three dealerships in Peoria, Ill. CEO Bob Loquercio and his namesake group on April 5 purchased O’Brien Lexus of Peoria, O’Brien Toyota of Peoria and O’Brien Ford of Peoria from Joe O’Brien of O’Brien Auto Team, Loquercio confirmed to Automotive News. The dealerships, in central Illinois, were renamed Peoria Toyota, Lexus of Peoria and Ford of Peoria. Loquercio said his brother, Anthony Loquercio, also purchased an undisclosed stake in the Peoria Ford store. Bob Loquercio said the group’s first Lexus store will get updated, with construction expected to begin in…
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Spain could get Peugeot 208 EV production, reports say

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Governments across Europe are fighting for automaking jobs as the shift to battery power upends the industry. Securing production of a mass-market vehicle like the 208 would be a coup because it’s now Europe’s best-selling car, having ended the 14-year reign of the Volkswagen Golf in 2022. Spain is among countries that have become more competitive for EV manufacturing investment because of favorable tax conditions and relatively low labor and energy costs. The French government is working with Stellantis and its peers to locate as many vehicles as possible in France, a finance ministry official said, declining to elaborate. A…
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Pass right-to-repair bills targeting vehicles, Congress told

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WASHINGTON — A bipartisan coalition of state attorneys general are urging Congress to pass “expansive” right-to-repair legislation that, in part, targets the auto industry. In a letter sent last week to Democratic and Republican lawmakers, 28 attorneys general called on Congress to consider previously introduced legislation that focuses on repairing vehicles, agricultural equipment and consumer electronics. “Manufacturing of automobiles, digital devices and agricultural equipment is increasingly becoming more technologically advanced and built with more embedded electronics,” the attorneys general, which represent states including California, Indiana, Maine, Michigan, Pennsylvania and Tennessee as well as the District of Columbia and Guam, wrote…
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Carvana settles a long-running regulatory dispute with Illinois

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An Illinois regulatory official said Tuesday the state has agreed to settle a long-running regulatory dispute with Carvana Co. Per the settlement agreement, Carvana can continue to operate in the state, Illinois Secretary of State Alexi Giannoulias said in a Tuesday video announcement. The retailer admitted to violating Illinois law and agreed to abide by new restrictions, according to a news release from his office. The settlement allows the secretary of state’s office to suspend and revoke Carvana’s dealer license again if it fails to comply with either the agreement or state laws, according to the agency. The online used-vehicle…
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Honda to create division to speed up EV development

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In changes effective April 1, the new division would consolidate Honda’s electrification strategy and development of automobiles, motorcycles and power products such as generators, it said. The automaker also said it would combine six regional operations to three, composed of North America, China and associated regions including Japan, the rest of Asia and Europe. Integrating the three was to “rapidly develop the implementation of resource shifts in accordance with the future lineup strategy in line with the electrification acceleration,” a spokesperson said in a briefing. The automaker anticipates its vehicle lineup in North America and China will be mid-to large…
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How to Defog Your Car Windows in Arizona Winters

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Although Arizona winters are mild compared to other areas of the country, fogged windows are still a serious problem on those chilly winter mornings. The air inside your car is usually warm. When the cold night air makes contact with your car windows, condensation can collect on the windows, making it difficult to see when you first get in your car in the morning. It can especially be a problem if you need auto glass repair in Arizona. The good news is that there are options when it comes to defogging your windows. The following tips will help you see…
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Tesla Shattered Delivery Targets But Margins Remain The Question

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A red Tesla Model 3 was seen on a lot outside a Tesla store.good morning! It’s Monday, July 3, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Volume, Volume, Volume Tesla moved 466,140 vehicles globally in the second quarter of 2023, when analysts expected about 448,000. Wall Street loves it when this happens, as evidenced by Tesla’s stock trending more than 6% up in premarket trading Monday. Courtesy Bloomberg: Read more“It’s a big…
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How carbon-neutral e-fuels could extend the life of the ICE vehicle

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To be sure, e-fuel won’t be traveling through nozzles at public stations anytime soon. Refiners have a lot of work to do in perfecting high-volume methods to produce e-fuel in enough quantity and at a comparable cost to gasoline. And there are other issues, too. For example, producing e-fuel requires a lot of water, which is a scarce commodity in many parts of the world. It also requires electricity from renewable sources. Bentley CEO Adrian Hallmark told Britain’s Autocar magazine that the progress of developing e-fuels is exciting, but that won’t change the brand’s plans to replace internal combustion engines.…
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