Sept. U.S. auto sales: Why U.S. car sales forecasts remain gloomy – Automotive News

U.S. light-vehicle sales remain in lower gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift.

Cox Automotive on Wednesday cut its full-year new-vehicle sales outlook to 13.7 milli…….

The latest numbers on the automotive microchip shortage – Automotive News

Unrelenting microchip shortages have taken 96,700 more vehicles out of automaker production schedules around the industry.

According to the newest estimate by AutoForecast Solutions, plants in every region of the world are sharin…….

Vehicle production inches upward – Automotive News

North American vehicle production jumped 23 percent in August to 1.39 million, according to the Automotive News Research & Data Center.

Monthly production has topped the year-earlier period for seven straight months, as chip …….

2022 Automotive News PACE Award winners – Automotive News

The 2022 PACE Award also cites 12 suppliers as Automotive News PACEpilot Innovations to Watch for their early development work on emerging technologies. These include HEVO Inc. of Brooklyn for a wireless EV charging program, a program b…….

Lithia Motors enters Wisc. with purchase of 5 dealerships – Automotive News

Lithia Motors Inc. widened its Midwest footprint and entered a new state with the purchase of five dealerships from Wisconsin’s Wilde Automotive Group.

Lithia bought Wilde East Towne Honda in Madison, the state’s capital, Wilde T…….

2022 Automotive News PACE Award winners – Automotive News

The 2022 PACE Award also cites 12 suppliers as Automotive News PACEpilot Innovations to Watch for their early development work on emerging technologies. These include HEVO Inc. of Brooklyn for a wireless EV charging program, a program b…….

Ford CEO predicts industry consolidation: ‘There’s a shakeout coming’ – Automotive News

Farley said some smaller, traditional automakers simply won’t be able to afford the transition and that EV startups’ portfolios will get “simpler” over time.

“I just don’t see the addressable market these companies are going afte…….

May US auto sales: Toyota, Honda, Hyundai, Kia, Subaru post double-digit declines again in May – Automotive News

U.S. light-vehicle sales fell by double digits again in May at Toyota Motor Corp., Hyundai and Kia as choked supply chains continue to batter automakers, leaving showrooms and lots nearly bare of new cars and light trucks.

Toyota…….

Elon Musk aims to build 20 million EVs a year — or maybe 10 million – Automotive News

The big news in the U.S., however, is the start of production at the Austin plant, which will host an opening celebration on April 7. Production there will begin with the Model Y but will eventually include Tesla’s long-awaited Cybertru…….

LMP Automotive Holdings loses $2 million deposit on acquisition deal – Automotive News

LMP Automotive Holdings Inc. has lost a more than $2 million deposit after its deal to buy an 85 percent stake in 10 franchised dealerships in Florida was terminated last month.

The publicly traded Fort Lauderdale, Fla., company,…….