CarGurus promotes finance chief Jason Trevisan to CEO
Founder and former CEO Langley Steinert will now serve as executive chairman of the expanding vehicle listings company.
Ford recall of 3 million vehicles to cost $610 million
NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter related to pension and other post-employment benefits plans.
Transportation nominee says gas tax hike possible to fund roads
Congress has not boosted the 18.4-cents-per-gallon federal gasoline tax since 1993. At his confirmation hearing, Pete Buttigieg told senators an increase in the gas tax is one possible way to fund infrastructure improvements.
Washington Auto Show postponed amid ongoing COVID-19 pandemic
The event was scheduled to run March 26 through April 4 at the Walter E. Washington Convention Center in the nation's capital.
Early EV adopters likely to buy another, J.D. Power finds
The study found that the likelihood for EV owners to purchase another EV from the same brand lessens as satisfaction declines.
Cadillac to take 500 reservations for Blackwing sedans
The GM luxury brand will start accepting $1,000 deposits after revealing the CT4-V and CT5-V Blackwing sedans Feb. 1.
Redesigned Envision strengthens Buick small crossover lineup
The 2021 Envision, which reached showrooms this month, gives Buick a fresh option in the compact crossover space, following its success with the smaller 2020 Encore GX.
Biden appoints acting CFPB director after Trump appointee resigns
Kathy Kraninger, who was appointed by former President Donald Trump, tweeted she was resigning shortly after Biden was sworn in on Wednesday. Her term was due to end in 2023.
Tight chip supplies could persist for as long as a decade
China’s rising demand for electric vehicles, a lack of domestic technical knowhow and sustained geopolitical tensions will emerge as much more serious threats to the supply of automotive microchips, which are mostly imported.
Subaru expands Feeding America donation, advertising
The latest spot, which will run in 15- and 30-second formats and launches Thursday, fits into the marketing identity built around the idea of love that Subaru has fostered since 2008.