Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The RAMpocalypse Is Starting to Hit the Auto Industry
The AI-fueled memory shortage has already sent prices soaring for computers and video game consoles. Now, cars could be next. Automakers around the world are beginning to respond to rising memory costs and tightening supplies. Most recently…
Penske Automotive Raises Quarterly Dividend by 1.4% to $1.44
Penske Automotive Group's board has raised the quarterly dividend by 1.4%, to $1.44 from $1.42, making it 23 consecutive quarters that the transportation-services company has boosted its payout. The new dividend rate, equal to $5.76 a year…
Auto Maruti Brezza Targets First-Time SUV Buyers
The refreshed Brezza will target first-time, replacement and additional-car buyers as Maruti responds to changing preferences and intensifying competition in compact SUVs. Maruti Suzuki is repositioning the refreshed Brezza to attract first-time…
Spanish auto parts maker Antolin wins U.S. asset protection - TT
Antolin manufactures doors, instrument panels, center consoles, interior coverings and roof components as well as electronic systems. (Brent Lewin/Bloomberg) A U.S. judge on July 22 granted Grupo Antolin temporary protection from creditor lawsuits…
Ford, Geely form venture at U.S. automaker's Spain auto plant - TT
(David Zalubowski/Associated Press, File) Ford and Geely agreed July 23 to form a joint venture at Ford's Valencia-area factory in Spain, with production of four new models starting in 2028. The deal aims to cut vehicle costs through shared…
US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point
The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant disagreements over automotive trade…
'30 Years. 20 Stores. One Heart!' Crossroads Automotive Group Marks Three Decades in the Carolinas
'Looking back, the catalyst for everything Crossroads has become started in 1996 with one Ford dealership in Cary. We believed in building a team that was best in class, serving customers the right way, and never losing sight of our values. Thirty…
Penske Automotive Group: Near The Finish Line As A Public Company With Mitsui Buyout (NYSE:PAG)
Penske Automotive Group has received a buyout proposal at $210/share by Penske Corp. and Mitsui, but a higher final price is likely. PAG is trading above the initial offer, reflecting market expectations for a negotiated final deal around…
UAW claims ratification of Dana master wage agreement in yet another betrayal of auto parts workers
The United Auto Workers announced the ratification of the master wage agreement covering Dana auto parts workers who are members of the UAW and United Steelworkers (USW). The four-year contract covers some 4,000 workers at 14 Dana plants in the US…
From Legacy Brands To Value Creation In The Modern Aftermarket
Anan Bishara is the founder and CEO of Premium Guard Inc. (PGI), established in 1996. The automotive aftermarket has grown and been fundamentally reshaped over the past several decades. What was once an industry built on brand recognition, scale…
EXEL Industries: Q3 2025-2026 revenue -18.7%
Q3 2025–2026 revenue: -18.7% A quarter affected by a persistently weak agricultural cycle, with contrasting dynamics across business activities 2024–20252025–2026Change (reported)Change in…
Penske and Mitsui seek to take Penske Auto private in $3.8B deal
This audio is auto-generated. Please let us know if you have feedback. Penske Corp., Tokyo-based Mitsui & Co. Ltd., and Mitsui's New York-based U.S. subsidiary announced a proposal on July 22 to acquire the 27.8% of publicly traded megadealer…
Arrowstreet Capital Limited Partnership Sells 293,501 Shares of O'Reilly Automotive, Inc. $ORLY
Arrowstreet Capital Limited Partnership decreased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The…
Penske Automotive Group, Inc. (NYSE:PAG) Plans Quarterly Dividend of $1.44
Penske Automotive Group, Inc. (NYSE:PAG - Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 14th will be paid a dividend of 1.44 per share on Tuesday, September 1st. This represents a…
Bank of New York Mellon Corp Raises Stock Holdings in Penske Automotive Group, Inc. $PAG
Bank of New York Mellon Corp raised its position in shares of Penske Automotive Group, Inc. (NYSE:PAG - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm…
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