Automotive

Arlington follows investment announcements in Flint, Mich., and Oshawa, Ontario, to support the next generation of internal combustion full-size pickups built there.

Last year, Volvo showed dealers its plan to introduce five new and redesigned EVs over the next few years.

The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares rose 49 percent in afternoon trading.

The laboratory will evaluate Toyota EV battery quality for North American standards. The lab is expected to be operational in 2025.

Wholesale used-vehicle prices slid in May, the second month in a row they’ve fallen after appreciating to start the year.

Citizens Financial Group had begun to cut back its auto loan business in the third quarter of 2022.

Group 1 said the new Kia store is expected to generate $85 million in annual revenue. The auto retailer also divested a Ford dealership near New Orleans.

The suppliers said Changan, which also has partnerships with Ford Motor Co. and Mazda Motor, told them in March that a recent wave of price cuts by its rivals had hit sales of some of its models in the world’s largest auto market.

Jeffrey Lash was charged in 2021 along with GPB founder and ex-CEO David Gentile and another executive who the U.S. said used the funds to cover shortfalls and enrich themselves.

Advocates for Highway and Auto Safety said performance standards in NHTSA’s proposal “must ensure all road users, whether inside or outside the vehicle, including bicycles, are protected in all lighting conditions and at all appropriate speeds.”