As more autonomous vehicles operate in pilot programs and limited commercial deployments in multiple states, questions linger over how they should interact with law enforcement. Some autonomous driving tech companies have encountered problems. In April, a robotaxi operated by General Motors-backed Cruise was pulled over by San Francisco Police Department officers for driving without its
Following the Federal Trade Commission’s sweeping proposal to crack down on dealership advertising and add-on disclosures, the National Automobile Dealers Association and the National Independent Automobile Dealers Association have both said the proposed regulations were unjustified and will hurt consumers. The regulations, which were approved in a 4-1 vote by the FTC on June 27,
Steve Pitt, the longtime organizer of the convention held annually by the National Automobile Dealers Association, died Saturday of a brain hemorrhage just days before his 76th birthday, an NADA spokeswoman confirmed to Automotive News. Pitt joined NADA in 1974 and planned 48 conventions for the dealer association before retiring this year. As senior vice
Tesla Inc.’s soaring stock price produced a nearly $23.5 billion windfall for Elon Musk last year, making him the highest-paid CEO at publicly traded U.S. companies in the auto industry by far, according to the Automotive News/Equilar CEO Compensation study. Most other CEOs in the industry got sizable pay increases in 2021 as well, even
Tesla Inc.’s soaring stock price produced a nearly $23.5 billion windfall for Elon Musk last year, making him the highest-paid CEO at publicly traded U.S. companies in the auto industry by far, according to the Automotive News/Equilar CEO Compensation study. Most other CEOs in the industry got sizable pay increases in 2021 as well, even
In a time when labor shortages are leaving many job openings unfilled, dealerships have had to compete for employees at every position. What Dave Wright Nissan-Subaru in Hiawatha, Iowa, is doing to recruit workers is simple: creating talent from within. The Tech 120 Program is an all-expenses-paid technician recruitment and development program designed to help
Auto retail giant AutoNation Inc., in a step toward developing its own captive finance unit, plans to acquire auto lender CIG Financial to support its growing standalone used-vehicle AutoNation USA business and further develop customer relationships throughout vehicle ownership. AutoNation said this week in reporting lower second-quarter net income that it plans within the next
When Erik Nelson started searching for a car last fall, he knew he wanted a Subaru and a great relationship with his dealership. He didn’t know that he’d have to travel across the country to get it. Nelson purchased a 2017 Outback from Quantrell Subaru in Lexington, Ky., in September, nearly 1,400 miles from his
Longtime auto dealer Gus Machado, “an entrepreneur’s entrepreneur,” died here May 16 at 87. The owner of Gus Machado Ford in Hialeah, Fla., immigrated to the U.S. from Cuba at age 15 and settled in Miami in 1956, according to his dealership’s website. There, he borrowed $2,000 from his father to invest in a gas
